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Hungarian Lawmakers Adopt New Telecoms Tax 5/21/2012 Provoking outrage among telecommunications companies, the Hungarian parliament
has recently backed government plans to impose a new telecommunications tax of
HUF2 per minute of connect time and per message from August 1.
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MEPs Agree Deal On Mobile Roaming Price Caps 5/14/2012 Data roaming and phone calls abroad for European Union consumers should be
much cheaper from July 1 this year, due to an agreement with the European Council
which has been endorsed by the European Parliament.
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New Taxes In Hungary's Euro Plan 4/26/2012 The Hungarian government has recently adopted the second part of its ‘Szell
Kalman’ plan, forming part of the country’s euro convergence programme and containing new tax measures to help shore up its revenue base.
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India Reassures US On Retrospective Tax Plans 4/24/2012 India's Finance Minister Shri Pranab Mukherjee has defended plans for retrospective tax legislation, telling the US Secretary of the Treasury that the proposals merely clarify the intent of current laws.
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Vodafone Challenges Indian Tax Law 4/23/2012 The ongoing tax dispute between India and Vodafone has erupted again, with the telecoms company now serving a Notice of Dispute against the government's controversial new retrospective tax legislation.
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Results Of Annual US Review Of Telecommunications Trade Agreements 4/10/2012 United States Trade Representative Ron Kirk has announced the results of
the 2012 annual review of the operation and effectiveness of telecommunications
trade agreements under Section 1377 of the Omnibus Trade and Competitiveness Act
of 1988.
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Jersey Targets Digital Industries With New Agency 4/4/2012 A new agency, Digital Jersey, is to be established as a part of a public-private partnership aimed at promoting Jersey's digital industries - including e-gaming, e-commerce and Information
and Communications Technology, on the back of Jersey's newly updated Intellectual
Property legislation.
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EU Deal Reached On Mobile Roaming Price Caps 3/30/2012 Data roaming and phone calls abroad for European Union consumers
should be much cheaper form July 1 this year, due to a provisional agreement between the European Parliament and the European Council.
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International Patent Filings Set New Record In 2011 3/7/2012 Despite difficult global economic conditions, international patent filings under
the World Intellectual Property Organization-administered Patent Cooperation
Treaty set a new record in 2011 with 181,900 applications – up 10.7% on 2010 and the fastest growth since 2005.
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Isle Of Man Lures Another Gaming Company 2/23/2012 The Isle of Man government has welcomed the successful application of TWLV for
a license to operate a new online bingo site from the island.
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US, Canada Consult on TPP 2/16/2012 It has been disclosed by the Office of the United States Trade Representative
that the United States and Canada have held a senior-level bilateral consultation
on Canada’s interest in joining the Trans-Pacific Partnership negotiations.
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Canada, Costa Rica Hold Talks To Improve FTA 2/14/2012 Canada and Costa Rica have concluded a second round of talks on the improvement of their existing free trade agreement.
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Hungary's PM Defends Controversial Fiscal Strategy 2/13/2012 Hungary’s Prime Minister Viktor Orban has recently defended the central
aspects of his government’s fiscal policy, in particular the special tax
imposed on international retail chains, on telecommunications operators, on
insurance companies and on banks.
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India Likely To Change Tax Law After Vodafone Case 2/6/2012 The Indian government is planning to include additional provisions in the forthcoming Direct Taxes Code in an attempt to avoid future court clashes with multinational companies like Vodafone.
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Vodafone Wins Indian Tax Dispute 1/25/2012 India’s Supreme Court has ruled that Vodafone Group Plc is not liable for a USD2.2bn bill in back taxes and penalties after the USD11.2bn acquisition of Indian mobile phone company Hutchinson Essar in 2007.
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InvestHK Assists Record Number Of Companies 1/23/2012 Invest Hong Kong has announced that it assisted 303 overseas and mainland
Chinese companies to set up or expand in Hong Kong in 2011 - the 11th consecutive
year that it has beaten its annual target for the number of completed projects.
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Telefonica Pays Peruvian Back Taxes 1/11/2012 Spanish telecommunications company Telefonica has said it has paid back taxes
worth PEN134.3m (USD49.9m) to the Peruvian tax authority despite an ongoing legal challenge
against the agency's claim for PEN2bn in back taxes.
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Hungary Eyes Bank Tax Rise 11/29/2011 Hungary’s centre-right government of Prime Minister Viktor Orban may increase
the bank tax introduced in 2010 to generate additional
revenues in order to settle ongoing legal disputes.
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Russian WTO Accession Terms Published 11/16/2011 The World Trade Organization has published comprehensive details of the tax and trade commitments made
by Russia as part of its accession bid, due to be deliberated upon at the WTO Ministerial Plenary in December at which Russia is tipped to be granted membership to the global trade
body.
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US House Passes Five-Year Ban On New Wireless Taxes 11/7/2011 The United States House of Representatives has passed the Wireless Tax Fairness
Act of 2011, which looks to put a five-year restriction on any state or local
jurisdiction from imposing a new discriminatory tax on mobile phone services or
their providers.
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Ireland Launches International Start-Up Fund 11/2/2011 The Irish government has launched a EUR10m International Start-Up Fund, aimed at encouraging overseas entrepreneurs to locate start-up businesses in Ireland.
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Hungary's 2012 Budget To Phase Out 'Crisis Taxes' 10/19/2011 Hungarian Economy Minister Gyorgy Matolcsy has recently submitted to parliament
the government’s 2012 budget bill, providing for a gradual phasing out of
the crisis taxes levied on the country’s telecommunications, energy and
retail sectors since 2010.
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Brazilian Economic Potential Stifled By Tax Regime 10/12/2011 Brazil's potential to attract significant Foreign Direct Investment is
being stifled by the complexity of the country's tax regimes and the high tax rates in place, according
to the European business association BusinessEurope.
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New ISP Taxes Ruled Out In France 10/7/2011 The idea of creating new taxes on Internet service providers in France to fund the EUR145m future national centre for music appears to have been ruled out.
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Isle Of Man Cutting Barriers To Telecoms Market Entry 10/7/2011 The Isle of Man Communications Commission has published a response to its consultation
on the review of competition in the island's telecommunications sector, which offers a number of remedies to highlighted competition problems in the Isle of Man.
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IRS Issues Guidance On Tax Treatment Of Mobile Phones 9/16/2011 The United States Internal Revenue Service has issued guidance designed
to clarify the tax treatment of employer-provided mobile phones as an excludable
fringe benefit.
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Mexican Telcos Urge Removal Of Service Tax In a recent radio interview, Santiago Fernández Gutiérrez, president of Mexico's National Chamber of the Telecommunications and Informational Technology Industry has reiterated the industry’s request for the government to phase out the 3% production and service tax that applies to telecommunication services in Mexico. |
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Brazil Hits Telecom Italia With EUR550m Tax Claim 8/26/2011 Within Telecom Italia’s Interim Report, in the section on pending disputes
in which it is involved, it is disclosed that, in March this year, its Brazilian
mobile services subsidiary, Tim Celular, received a notification of tax assessment
issued by the Brazilian tax authorities, totalling almost EUR550m.
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Vodafone Relocates Marketing Team To UK 8/19/2011 Vodafone is to relocate a marketing team to London from Ireland, although it is unclear whether the move has been motivated by tax reasons.
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Enterprise Ireland Start-Up Programme A Success 8/11/2011 The Irish government is supporting the creation of hundreds of new jobs through a start up programme, designed to help rebuild the economy and boost domestic growth.
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Indian Ruling Undermines Mauritian DTA 8/11/2011 A ruling from the Mumbai High Court has cast into doubt the use of structures
in Mauritius to mitigate tax paid in India.
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EU Member States Under Attack Over Internet Rules 7/25/2011 The European Commission has sent requests for information to twenty European
Union member States which have not yet notified measures to implement in
full new European internet and telecoms rules into national law.
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Vodafone's Indian Tax Bill May Double 7/6/2011 Leading telecoms company Vodafone has warned that the firm's back tax liability in India could double if the Indian Supreme Court rules in favour of the country's tax authorities with regard to a long-standing tax dispute.
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Isle Of Man Seeks Telecoms Competition 6/23/2011 The Isle of Man Communications Commission has commenced a consultation with
industry stakeholders as part of its review of the environment for telecommunications
companies in the Isle of Man, and proposed regulations to enhance competition.
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Virgin Gets GBP80m VAT Refund 6/10/2011 Virgin Media has secured a tax windfall from HM Revenue and Customs, and, in a separate agreement, see its VAT contingent liability reduced.
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New EU Rules On Internet Privacy Come Into Effect 5/25/2011 Under revised European Union rules on telecoms networks and services, that
were formally adopted in late 2009 and are due to be implemented into national law
in all member states by May 25, 2011, Europeans will enjoy new rights and services
regarding telecommunications, including improved online privacy.
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UAE May Reduce Telecoms Royalty 5/19/2011 The United Arab Emirates may cut taxes payable by the struggling telecoms company Etisalat.
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EU Consults On Cloud Computing 5/18/2011 The European Commission has launched a public consultation on how the European
Union may fully benefit from 'cloud computing'.
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Ireland Clarifies VAT Treatment Of SMS Donations 5/17/2011 The Irish Revenue agency has released a brief clarifying the correct value-added tax treatment applicable in respect of charitable donations made via mobile telephone text message shortcodes.
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Indian Vodafone Tax Case Adjourned 5/16/2011 The long-running court case involving the tax liability of Vodafone’s acquisition of an Indian mobile phone company in 2007 continues, with the Authority for Advance Ruling (AAR) adjourning the case until May 24.
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Illinois Extends Corporate Tax Credits 5/11/2011 US-based telecommunications giant Motorola Mobility Holdings has agreed to remain in Illinois after State Governor Pat Quinn agreed to
extend a tax incentive law that will allow the company to reduce its tax bill by
up to USD100m over ten years.
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EU To Ensure Net Neutrality 4/27/2011 One month before the new European Union telecoms rules come into force in
all member states on 25 May, the European Commission has released a report
on net neutrality that underlines the right of European citizens and businesses
to have easy access to an open and neutral internet.
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Indian Telecom Regulator Seeks Domestic Tax Breaks 4/21/2011 The Indian telecoms industry regulator has called on the government to consider new tax incentives to encourage more domestic manufacturers into India's huge market for mobile telephones and related services.
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IRS To Ease Conflict With US Telecom Industry 4/6/2011 The United States Internal Revenue Service has announced the publication
of guidance for taxpayers in the telecommunications industry, with the aim of
resolving disputes involving the capitalization and depreciation of network assets.
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India Relaxes FDI Rules 4/6/2011 India's Commerce Ministry has relaxed rules governing foreign direct investment after more than 15 years, so that foreign companies can establish fully-owned subsidiaries in India without having to gain the permission of their Indian partners.
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Vodafone Dismisses Indian Tax Compromise 3/23/2011 Vodafone has said that it continues to believe the company had no tax liability over the purchase of an Indian mobile phone company in 2007, despite reports that it is ready to compromise with the Indian tax authorities.
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EC Opposes Telecoms Taxes 3/17/2011 The European Commission has decided to refer France and Spain to the European
Union’s Court of Justice for continuing to impose specific charges
on the turnover of telecommunications operators, and has initiated infringement proceedings against a similar levy in Hungary.
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Indian Government At Odds Over SEZs 3/17/2011 The Indian Commerce Secretary Rahul Khullar is still very concerned about the withdrawal of the income tax exemption given to the country’s special economic zones, as announced in the budget.
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Turks And Caicos Fiscal Review Underway 3/14/2011 The temporary UK-led government in the Turks and Caicos Islands has presented a number of proposals to resolve the territory’s fiscal woes, including the introduction of a value-added tax, a fixed tax on imports, a review of the charges and fees levied on the financial services sector, and an alteration to the tax-like fee paid by employers for non-resident work permits.
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Analysis Shows High US Taxes On Mobile Phones 2/22/2011 According to a new analysis, published by the Tax Foundation, United States’
taxes on mobile phones are significantly higher than for many other common consumer
items, and are often hidden or obscured by state and local governments.
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Vodafone Tax Appeal In India Deferred Again 2/10/2011 India's Bombay High Court deferred a hearing on Vodafone’s dispute with the Indian tax office on Tuesday (February 8), and has not specified a date for a new one.
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French Telecoms Operators Absorb VAT Hike 2/9/2011 Marking a dramatic about-turn, French telecommunications operators SFR and
Orange have announced their decision to cancel plans to raise mobile telephone
subscription prices for existing clients from February 1 in line with an increase in value-added tax.
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Cayman Islands Plan Special Economic Zones 1/28/2011 The Cayman Islands government has announced that it has entered into a Memorandum of Understanding to establish a free zone which is expected to offer attractive terms to those looking to make tax-efficient technology-based investments in the Caribbean and Americas region.
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IRS Launches Phone App 1/26/2011 The United States Internal Revenue Service has unveiled IRS2Go, its
first smartphone application that lets taxpayers check on their status of their
tax refund and obtain helpful tax information.
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Bouygues Telecom Swallows French VAT Hike 1/17/2011 Unlike its rivals, French mobile and broadband operator Bouygues Telecom has announced
its decision not to increase the price of its mobile telephone packages in response
to the recent value-added tax rise, effective in France from January 1,
2011.
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EC Investigates Hungary's 'Crisis Tax' 1/4/2011 The European Commission has recently announced that it has launched an investigation
into the legality of the new ‘crisis tax’ levied by the Hungarian
government on various sectors of the economy, and has confirmed that it is currently
studying the formal complaint lodged by major companies affected by the new tax.
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EU Firms Criticize Hungarian Taxes 1/4/2011 Major European companies operating in Hungary are growing increasingly concerned about new tax measures which they say discriminate against foreign firms and are contrary to European Union law.
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T-Mobile VAT Setback Has Wider Ramifications 12/8/2010 Everything Everywhere (formerly T Mobile) stands to lose GBP4m after a European Court ruling said that the firm should charge value-added tax on fees charged to customers who do not settle their bills by automatic Direct Debit transfer from their bank accounts.
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Ecofin Tackles VAT Fraud 11/25/2010 The European Council has adopted a decision aimed at enabling certain member states to better tackle fraud with regard to the payment of value-added tax on mobile telephones and integrated circuit devices and their components.
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UK Sends Tough Message To Carousel Fraudsters 11/23/2010 Convicted VAT Fraudster Emmanuel Hening, already serving a 15-year sentence, has had a further nine years added to his sentence by a court in the UK as the authorities there seek to send the strongest message possible that so-called 'carousel' fraud will no longer be tolerated.
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Vodafone Ordered To Pay Deposit By Indian Court 11/17/2010 After agreeing to hear an appeal in February 2011, the Indian Supreme Court has requested a deposit of INR25bn (USD552m) from the Vodafone Group Dutch holding company within three weeks and a bank guarantee of INR85bn within two months. In the meantime the tax authorities are restrained from enforcing their tax claim against Vodafone.
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Hungary To Extend 'Crisis Tax' Beyond 2012 11/16/2010 Hungary’s Prime Minister Viktor Orban has announced plans to
extend the temporary exceptional ‘crisis tax’, imposed on the country’s
banks, energy, retail and telecommunications industries, beyond 2012 when it was
originally due to end.
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Kazakhstan Increases Tobacco Duties 11/15/2010 The Kazakh parliament has approved a bill which will raise substantially the excise tax levied on cigarettes.
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EU Consultation Stresses Preservation Of Open Internet 11/12/2010 Following a three-month consultation undertaken by the European Commission from
June this year, there appears to be a near consensus on the importance of
preserving the openness of the internet.
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EU To Strengthen Data Protection Rules 11/9/2010 Viviane Reding, Vice-President of the European Commission responsible for
Justice, Fundamental Rights and Citizenship, has set out a European Union strategy on how to protect individuals' data in all areas, including law enforcement,
while also reducing red tape for business and guaranteeing the free circulation
of data in Europe.
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Vodafone Hits Back At Tax Protesters 11/2/2010 UK mobile phone company Vodafone has dismissed suggestions that it avoided billions of pounds in tax relating to its takeover of German telecoms company Mannesman in 2000.
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Indian Supreme Court Adjourns Vodafone Case 10/26/2010 The Indian Supreme Court has adjourned a hearing of the tax case against Vodafone to November 15 after the UK headquartered telecoms group asked for more time to consider the INR112bn (USD2.5bn) tax notice sent by the Income Tax department.
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Malaysia's 2011 Budget To Encourage Private Investment 10/20/2010 During the 2011 Budget speech, Datuk Seri Najib Tun Razak, Malaysia’s Prime
Minister and Minister of Finance, emphasised that the government’s fiscal
measures are an integral part of its strategy to produce a developed and high-income
economy, spearheaded by investment by the private sector.
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Indian Tax Office Changes Tack In Vodafone Row 10/20/2010 Vodafone International BV has petitioned the Bombay High Court to defend itself against a new course of action now being taken by the Indian Income Tax Department in respect of the ongoing capital gains tax claims made on it.
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Hungary To Extend 'Crisis Tax' 10/14/2010 Hungary’s Prime Minister Viktor Orban has announced plans to impose extraordinary
taxes on the country’s telecommunications operators
and retail chains, in a bid to maintain the public deficit within the limits
set by the European Union and the International Monetary Fund.
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HMRC Concludes Major VAT Fraud Case 10/12/2010 HM Revenue and Customs has announced the conclusion of a ten-year investigation upon the issuing of a confiscation order to the mastermind behind one of the UK’s largest instances of Missing-Trader Inter-Community fraud, more popularly known as 'carousel' fraud.
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Russia's 'Silicon Valley' Gets Green Light 9/15/2010 The Russian Duma passed a bill on tax breaks for Skolkovo, president Dmitry Medvedev’s 'Silicon Valley' innovation project, in the second of three readings. An amendment from the first reading now allows the project timing to be accelerated by offering the tax incentives to prospective participants before they take up residence in Skolkovo.
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Vodafone Loses In Mumbai High Court 9/13/2010 UK telecoms giant Vodafone has expressed continuing confidence that it is not liable for Indian capital gains tax from its purchase of the Indian mobile phone network Hutchison Essar in 2007 despite a setback in the Mumbai High Court.
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France Mulls VAT Hike On Pay TV 9/7/2010 Marking a further assault on existing tax breaks in France, the French budget
ministry is reportedly considering the idea of increasing the rate of value-added
tax currently levied on pay television from 5.5% to 19.6%.
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French Telecoms Tax Falls Short 8/23/2010 The controversial taxes levied on private television channels and on telecom operators
in France are reportedly generating far less than previously anticipated.
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IoM To Update Telecoms Legislation 8/13/2010 The Isle of Man’s Communications Commission on August 12 published responses
to its consultation on revising communications regulation in the
island.
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Brazil Cuts Import Tariffs 8/10/2010 Brazil has eliminated import duties on aircraft, flight simulators and all kinds of aeronautical equipment and spares. It has made further temporary import tariff reductions on some capital goods.
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William Hill Moves Telebetting To Gibraltar 7/27/2010 UK bookmaker William Hill has announced that it is to transfer its telephone betting operation to Gibraltar because the UK's tax regime makes it 'impossible' for the company to compete with offshore telebetting firms on an equal footing.
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Taxes Hindering Global Broadband Development 7/22/2010 The GSM Association has issued a report which reveals how mobile sector-specific
taxation impacts on the development and deployment of mobile broadband in developing
countries.
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Israeli Firm Contests Brazilian Tax Notice 7/20/2010 Ituran Location and Control Ltd., an Israel based international group, which provides mobile asset location, and management
and control services for vehicles, cargo and personal security, has announced that its Brazilian subsidiary has received a Brazilian tax deficiency notice.
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France Mulls Fibre Optic Tax 6/22/2010 In charge of broadband deployment in France, Hervé Maurey has confirmed
that the introduction of a new tax, levied on either businesses or consumers in
France, may well be unavoidable.
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UK Copyright Code Of Conduct Published 6/14/2010 A proposed code of practice which implements legislative measures
aimed at reducing online copyright infringement has been published by
Ofcom, the UK telecoms regulator, as part of its new duties under the
Digital Economy Act 2010.
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Vodafone Appeals Indian Tax Order 6/9/2010 UK telecoms multinational Vodafone has responded to the Indian Income Tax department's reassertion of its jurisdiction to levy withholding tax on the USD11.1bn sale to Vodafone of a 67% stake in Hutchinson Essar in 2007 with an appeal to the Bombay High Court.
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India Asserts Tax Claim Against Vodafone 6/7/2010 The Indian tax authorities have reasserted their belief that they have jurisdiction
to levy withholding tax on the USD11.1bn sale to Vodafone of a 67% stake in Hutchinson
Essar in 2007.
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US Film Futures Not Yet A Box Office Hit 4/29/2010 Shortly after the United States Commodity Futures Trading Commission approved two applications to establish movie box office futures exchanges, a
Senate committee added an amendment banning such products into the draft bill
aimed at putting tighter restrictions on exotic derivatives.
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ACTA Secrecy Condemned Again 4/16/2010 A four-page document protesting about the secrecy within which the
negotiations towards the Anti-Counterfeiting Trade Agreement are
being conducted has been passed to the negotiators involved in the latest talks in Wellington, New Zealand
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Tech Firms Sued Over Bluetooth Patent 4/13/2010 Canadian technology company WiLAN has commenced litigation in a US court claiming that almost 30 companies are infringing on its patent for Bluetooth technology.
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Orascom Loses Algerian Tax Appeal 4/6/2010 Egyptian telecom company, Orascom Telecom, has announced that its Algerian
subsidiary, Orascom Telecom Algérie has been served a rejection of its
second appeal, filed on March 9, 2010, disputing the notice for taxes and penalties
it had received from the Algerian tax authorities in November 2009.
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Russia's 'Silicon Valley' Needs Tax Breaks 4/5/2010 President Dmitry Medvedev has appointed billionaire Viktor Vekselberg to oversee the creation of the Skolkovo Innovation Center, which is supposed to become Russia's answer to Silicon Valley.
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Estonia To Block Foreign Gaming Firms 3/30/2010 The Estonian Tax and Customs Board has instructed Internet providers to block around 200 foreign domain names, mainly because they are not licensed for online gambling in Estonia, or face a fine of EEK40,000 (USD3,500).
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Swiss Court Agrees Italian VAT Information Request 3/24/2010 The Swiss federal penal court has authorized a request for judicial assistance
from the Italian Customs Agency, looking for information concerning an alleged
case of value added tax fraud and money laundering involving Fastweb, an
Italian subsidiary of Swisscom.
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Alderney Plans Tech Park 3/24/2010 Guernsey has detailed plans for the creation of a technology park in Alderney,
which will continue to bolster Alderney’s prowess as a place for the
e-gaming industry to establish operations.
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Swiss To Tax IPhones 3/24/2010 Switzerland’s Federal Arbitration Commission for the management of copyright has recently approved the introduction of a tax
levied on mobile telephones equipped with a personal media player.
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Improved Telecoms For EU Seafarers 3/22/2010 The European Commission has adopted new rules to make it easier for passengers
and crew on ships in the EU's territorial waters to make mobile phone calls
or send and receive text messages when they are out of range of land-based mobile
phone networks.
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Reform Of New Zealand Telecom Levy Announced 3/16/2010 New Zealand’s Communications and Information Technology Minister, Steven
Joyce, has announced the finalization of the government’s plans for the
roll out of high speed broadband in rural areas and a consequent reform of the
Telecommunications Service Obligations levy.
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Orascom Loses Algerian Tax Appeal 3/12/2010 Egyptian telecom company, Orascom Telecom, has announced that its Algerian subsidiary,
Orascom Telecom Algérie, has received a rejection to its appeal,
made in December last year, against the notice for taxes and penalties it had
received from the Algerian tax authorities the month previously.
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