Thursday, October 3

Tag: Amazon Tax

New Zealand Government Proposes Amazon Tax For E-Commerce
News

New Zealand Government Proposes Amazon Tax For E-Commerce

New Zealand is looking forward to implement a new law that will enable the government to tax purchases such as books, shoes and other small items made online from overseas companies in what will be called the “Amazon Tax.” New Zealand’s revenue minister Stuart Nash announced that the government would work on finding a solution to the loophole in its tax structure that allowed individuals to purchase low-cost items overseas from online platforms without having to pay the 15% tax imposed on goods sold in the country’s offline retails. The new system will levy the same amount of tax on items costing less than $400 and only has to be approved by lawmakers before coming in full effect from October 2019. Several countries are confronted with the same problem as e-commerce companies provide...
U.S President Lashes Out at Amazon for paying “No-Taxes”
USA

U.S President Lashes Out at Amazon for paying “No-Taxes”

US President Donald Trump slammed American e-commerce and cloud based company "Amazon" for paying "no-taxes" to local and state government and is reportedly seeking for more stringent regulations on the Seattle-based company, which is currently a global name all over the world, including India. In his tweet posted on Thursday morning, Trump directed his aim over Amazon stating how the company plays immense role on people's everyday's life, where they shop and how the company garners taxes from sales and delivers packages to its customers. I have stated my concerns long before the elections. Unlike other company, Amazon pays very little or absolutely no taxes to local and state government.Moreover, it uses country's postal system as their delivery boy(causing tremendous loss to the US) ...