Share on Facebook Just as businesses vary in size and value, the business plans that describe them vary in structure, length and cost to produce.
While some EU member states are opposeda vote could come before the end of the year. Separately, Spain introduced a digital service measure in its budget that mimics the EU's. Elsewhere, Colombia, Australia and India are among several countries debating new tax measures that target the digital giants, according to the Internet Associationa US trade association with members that include Amazon, Microsoft and Uber.
The member OECD has also been discussing the issue, with a report on reforms due in The slew of measures, after years of discussion, explains the alarm in the US, said Lilian Faulhaber, a law professor at Washington's Georgetown University. But many in the US - not just the internet giants - have concerns about proposals, like the UK's, that tax turnover, he added.
He said such taxes do little to make the international tax system more fair: Searching online for revenues In announcing the UK tax, UK Chancellor Philip Hammond said progress in global arenas to update tax laws had been "painfully slow".
But the move has irked some in the US. Josh Kallmer, executive vice president of policy at the Information Technology Industry Council, said the tech industry recognises the need for tax laws to change, but opposes revenue taxes and wants to see the OECD process play out. Countries have got to coordinate and develop shared principles.
The move is particularly risky for the UK, he added, because the logic for taxing tech firms could be extended other industries important to the UK, especially financial services and pharmaceuticals. Tech firm tax could fund journalism The US has a range of options should it want to retaliate, in addition to simply making the issue a focus in US-UK trade talks, he added.
Under US law, the president could also act to raise taxes on UK firms as a retaliatory measure. Professor Faulhaber described the responses being floated as "nuclear options".There’s a simple way to avoid losing sight of your objectives: develop a strategic business plan.
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