Goenka Infos

America on Tuesday initiated an investigation into digital services taxes (DST) that have been considered by 10 of its trading partners including India that could invite  inflicting  tariff sanctions. The other countries being investigated are Austria, Brazil, the Czech Republic, the European Union, Indonesia, Italy, Spain, Turkey, and the United Kingdom. "President Trump is concerned that many of our trading partners are adopting tax schemes designed to unfairly target our companies," US Trade Representative (USTR) said the issue is regarding - Corporate taxes are levied on profits. But multinational companies often move profits, through smart accounting, to low-tax jurisdictions. Nearly all of the major tech firms, from Apple to Google to Facebook, have their European headquarters in Ireland, which levies lower taxes than other major European Union countries. Profits from sales in the EU are routed through Irish and Dutch subsidiaries. Google and Apple ...

King Maha Vajiralongkorn of Thailand has been residing at a hotel in Germany’s Bavarian Alps since theCOVID19 outbreak spread to Thailand in March. However, the Thai monarch’s stay at a luxury getaway is not the only reason why he is being criticized at home and in Germany. According to reports in Thailand and major news publications in Germany, King Maha Vajiralongkorn has been isolating with an entourage of at least 100 people and a harem of 20 women And thus has broken a string of public health laws concerning COVID-19 that ordinary citizens are expected to follow. Many critics have denounced the king for failing to show leadership and responsibility at a time when not only the country’s public health but also its economy has been hit hard. COVID-19 has kept tourists away, given that the industry contributes to approximately 20% of Thailand’s GDP. Thai and German activists protested against the Thai king outside the Grand SonnenbichlHotel in Bavaria where the monarch...