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 internet giants pay a tax 
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Bericht internet giants pay a tax
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BEIJING, Dec. 8 (Xinhua) -- Chinese President Xi Jinping on Thursday sent a message of condolences to Indonesian President Joko Widodo over a powerful earthquake that hit western Indonesia's Aceh province on Wednesday.


In the message, Xi said he is deeply shocked by the heavy casualties and a huge loss of property in the earthquake.


On behalf of the Chinese government and people, as well as in his own name, Xi offered his deep condolences to the victims in the earthquake, and extended his sincere sympathies to the bereaved families and those injured.


Xi said that China and Indonesia are close neighbors, and China also feels the pains of the Indonesian people.x Xi expressed China's willingness to provide all necessary assistance.


Xi also expressed the belief that under the strong leadership of President Widodo and the Indonesian government, the Indonesian people will surely be able to overcome difficulties and rebuild their homes.


The 6.4-magnitude earthquake has left at least 97 people dead and over 600 others injured.

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The European Commission will present by the end of March its plan for overhauling tax rules for internet giants Kenny Clark Packers Jersey , aimed at making them pay up in the countries where they earn their profits, a top official said Sunday.


EU Economic Affairs Commissioner Pierre Moscovici told France's Radio J that his proposals would ""create a consensus and an electroshock"" on taxing digital economy revenues.


Under EU law, American technology titans like Google and Facebook can choose to report their income in any member state, prompting them to pick low-tax nations like Ireland, the Netherlands or Luxembourg.


That deprives other nations in the bloc of any of the tax revenue Jamaal Williams Packers Jersey , even though they may account for a bigger share of the earnings.


The Organisation for Economic Cooperation and Development says such rules cost governments around the world as much as $240 billion (193 billion euros) a year in lost revenue, according to a 2015 estimate.


""The idea is to be able to identify the activities of digital companies, so we need a range of indicators -- the number of clicks, the number of IP addresses, advertising Kevin King Packers Jersey , and eventually revenues... and then we'll find ways to tax them,"" Moscovici said.


He said the new rules would apply to giants like Google, Apple, Facebook and Amazon -- together known as GAFA -- as well as services like AirBnB and Booking.


""When you rent a room on Booking, it generates considerable revenue for a company which we don't really know where it's located Ha Ha Clinton-Dix Packers Jersey , and which pays very little in taxes,"" he said.


On average internet giants pay a tax rate of 9 percent in Europe, compared with an average corporate rate of 23 percent, Moscovici said.


Agencies

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