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Offshore E-Com
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Offshore e-commerce news and information.
Offshore e-commerce news and information.

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The United States House of Representatives and the Senate have agreed a short-term extension to the Internet Tax Freedom Act until December 11, 2014.

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The Organization for Economic Cooperation and Development (OECD) on September 16, 2014, released its report on the tax challenges of the digital economy. Of the seven base erosion and profit shifting (BEPS) deliverables released so far, this report is unique in that it deals squarely with both direct and indirect tax matters. It aims to provide a foundation for the development of several other Actions, forming a fundamental element of the OECD's Action Plan.

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The Organisation for Economic Cooperation and Development (OECD), on September 16, 2014, released its first recommendations for "a co-ordinated international response to base erosion and profit shifting (BEPS)."

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Broadband for America (BfA) and the ITFA Coalition have issued statements urging the United States Congress to make permanent the Internet Tax Freedom Act (ITFA), which bars state taxes on internet access and use, before it expires on November 1.

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Broadband for America (BfA) and the ITFA Coalition have issued statements urging the United States Congress to make permanent the Internet Tax Freedom Act (ITFA), which bars state taxes on internet access and use, before it expires on November 1.

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With the United States House of Representatives having already passed the Permanent Internet Tax Freedom Act (PITFA), which would permanently extend a moratorium on internet access taxation, a coalition of 42 state and national organizations have come together to urge the Senate to pass equivalent legislation as soon as possible.

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South Korea's Ministry of Strategy and Finance has announced its tax revision proposals for this year, confirming that, within measures designed to stimulate the country's weak economy by boosting domestic consumption, it plans to introduce a tax on companies' additional cash reserves, a move that is intended to incentivize companies to spend a minimum of their profits on investments, dividend payments, and/or wage increases.

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Spain's Congress of Deputies has approved a law, which will pave the way for a levy on news aggregation websites.

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With the United States House of Representatives having recently passed the Permanent Internet Tax Freedom Act (PITFA) that would permanently extend a moratorium on internet access taxation, but with the more controversial Marketplace Fairness Act (MFA), which would allow states to impose sales taxes on online purchases, stuck in its Judiciary Committee, certain lawmakers have had the idea of linking the two into one bill in the Senate.

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With the United States House of Representatives having recently passed the Permanent Internet Tax Freedom Act (PITFA) that would permanently extend a moratorium on internet access taxation, but with the more controversial Marketplace Fairness Act (MFA), which would allow states to impose sales taxes on online purchases, stuck in its Judiciary Committee, certain lawmakers have had the idea of linking the two into one bill in the Senate.
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