0
General

G7 ministers concerned about crypto currencies, talk about tech tax

Friday 19 July 2019 | 10:40 CET | News
Ministers from the G7, the world's top seven economies, held informal talks in Chantilly, France, and agreed that "stablecoins" and other new currency products, including Facebook's Libra project, raise "serious regulatory and systemic concerns," Reuters reported. The G7 also agreed that large tech companies such as Google, Amazon, Facebook or Apple could be taxed in countries where they are making money, even if they do not have a physical presence there.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Amazon / Apple / Facebook / Google
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Libra Association takes new CEO from HSBC

Published 07 May 2020 13:25 CET | World
Facebook's Libra Association has named Stuart Levey its first CEO. The association appointed a board of directors in October but ...

Swiss financial authority starts review of Facebook's Libra project

Published 17 Apr 2020 10:24 CET | Switzerland
Swiss financial supervisory authority Finma has received the application from the Libra Association for a payment system license. ...

Vodafone Group pulls out of Facebook's Libra, to concentrate on M-Pesa

Published 22 Jan 2020 10:00 CET | World
Facebook's Libra Association has lost another member, Coindesk reported. The Vodafone Group has pulled out, saying it wants to ...

Coinbase awarded e-money licence in Ireland

Published 15 Oct 2019 08:59 CET | Ireland
Digital currency exchange company Coinbase has been granted an e-money licence in Ireland. This will allow the company to expand ...

Facebook's Libra Project loses Visa, Mastercard, Stripe, Mercado Pago, eBay

Published 14 Oct 2019 09:16 CET | World | Update: 14 Oct 2019 10:01 CET
"Visa has decided not to join the Libra Association at this time," the company said in a statement. "We will continue to evaluate ...

Amazon, Facebook to start collecting VAT on e-commerce sales in Thailand

Published 11 Oct 2019 09:21 CET | Thailand
The Thai government plans to force online companies such as Amazon and Facebook to collect value-added tax on e-commerce sales, ...

OECD publishes digital tax proposal for public consultation

Published 10 Oct 2019 17:41 CET | World
The OECD has published a proposal to advance international talks on making sure that multi-national companies, including major ...

French finance minister reasserts opposition to Libra project, hints at European public digital currency

Published 13 Sep 2019 11:42 CET | Europe
French finance minister Bruno Le Maire has renewed his criticism of Facebook's Libra currency project in a speech at the Global ...

Google says Kenyan digital tax plans risk trade war with other countries

Published 22 Aug 2019 10:59 CET | Kenya
Google has warned that Kenya risks trade wars with other countries if it imposes tax on digital transactions, reports Business ...

EU anti-trust officials examining Facebook digital currency plans - report

Published 21 Aug 2019 11:43 CET | Europe
European anti-trust officials are investigating Facebook's Libra digital currency plans for potential anti-competitive behaviour, ...

France adopts 3% digital services tax

Published 11 Jul 2019 14:13 CET | France | Update: 11 Jul 2019 14:24 CET
France's Senate has adopted the 3 percent tax on revenues made in France by digital services providers such as Google, Apple, ...

Facebook plans own mobile money wallet based on new Libra currency

Published 18 Jun 2019 11:29 CET | World
Facebook has released more details of its planned currency Libra. The first product will be a digital wallet designed to make it ...





Calendar   /   Industry Events

01 Dec 5G Italy
02 Dec FTTH Conference
03 Dec GCX fiscal Q2
03 Dec Marvell Technology fiscal Q3
03 Dec Liberty Latin America AGM
06 Dec Gitex Technology Week
07 Dec SIPNOC 2020
07 Dec ECOC Exhibition
07 Dec Report: Dutch Mobile Operators 2020-Q3
07 Dec Report: Dutch Broadband 2020-Q3
08 Dec WebexOne
09 Dec Comtech fiscal Q1
09 Dec Zayo fiscal Q3
10 Dec Ciena fiscal Q4
10 Dec Broadcom fiscal Q4
10 Dec Cisco AGM
::: More Calendar Items