Indonesia on Tuesday added 12 more companies, including social media firm Twitter and video-conferencing site Zoom, to a list of internet-based businesses that must pay a 10 percent value-added tax on sales. In July Indonesia had already announced that Alphabet’s Google Asia Pacific, Netflix and Facebook among other tech companies would be liable to VAT. Governments
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SoftBank Group Corp. Chairman and Chief Executive Officer Masayoshi Son speaks during a press conference on November 6, 2019 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images LONDON — SoftBank shares extended their losses on Wednesday, wiping out over $12 billion in market value this week, amid jitters over the Japanese conglomerate’s latest tech investing strategy.
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The presumptive Democratic presidential nominee Joe Biden speaks at McGregor Industries on July 09, 2020 in Dunmore, Pennsylvania. Spencer Platt | Getty Images WASHINGTON — Democratic presidential nominee Joe Biden will travel to the battleground state of Michigan on Wednesday to propose changes to the corporate tax code that reward investments in U.S.-based manufacturing, and
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STEPHANE DE SAKUTINGetty Images There is no denying that Cardi B is a cultural institution—her most recent song, “WAP” with Megan Thee Stallion, managed to make waves last month amid a news-heavy summer (to put it lightly). Now, she’s taking her rightful place overlooking the city of Paris in Balenciaga’s fall campaign, which just happens
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Electric Lit relies on contributions from our readers to help make literature more exciting, relevant, and inclusive. Please support our work by becoming a member today, or making a one-time donation here. . During the current coronavirus pandemic, as every country tries to balance significant job losses in most sectors with insufficient numbers of essential
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