TaxPolicy

US Threatens Retaliation Over Poland's Proposed Tax on Big Tech

23 days ago

In a significant development on the international economic front, the United States has issued a stern warning to Poland regarding its plans to implement a new tax targeting major technology corporations. This announcement has sparked considerable debate and concern among policymakers and industry leaders alike, leading to a broader conversation about the implications of such taxation systems on global trade relations.

Venture Capitalists Mobilize to Protect Carried Interest Tax Break Amid Legislative Challenges

2 months ago

In a significant turn of events, venture capitalists (VCs) are intensifying their efforts to preserve the carried interest tax break, facing looming legislative hurdles that threaten this long-standing tax advantage. The carried interest provision allows fund managers to pay capital gains tax rates on a portion of their earnings rather than ordinary income tax rates, which can be substantially higher. This provision has enabled VCs to funnel billions into startups and other investments, promoting economic growth and innovation.

Philippines Imposes 12% Value-Added Tax on Netflix, HBO Services

6 months ago

The Philippines is going to impose a 12% Value-Added Tax on streaming services, such as Netflix and HBO. This is part of the broader move by the government in capturing taxes from such digital services that have seen a rise in their consumption throughout the COVID-19 pandemic.

Turkey Shelves Plans to Tax Gains from Stocks and Crypto Market

6 months ago

In a major development, Turkey has shelved a plan to levy a tax on gains from both the stock and cryptocurrency markets, to spur the financial markets and bolster the number of investors in the midst of whirling economic fluctuations.