Business

Microsoft fights $29 bn US back tax claim

The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from 2004 to 2013, the company said in an official filing on Wednesday.

Business

France says tax on tech giants 'blocked' in global talks

International talks aimed at taxing global tech giants that only declare profits in a few jurisdictions have hit a standstill due to opposition from countries including the US and India, France's finance minister said Monday.

Business

Canada to follow France lead in taxing digital giants

Canada will impose a levy on internet giants such as Amazon, Google and Facebook similar to France's digital services tax that created tensions with Washington, two ministers said Monday.

Business

G20 endorses historic global tax reform

G20 finance ministers on Saturday gave their backing to a historic deal to overhaul the way multinational companies are taxed, and urged hold-out countries to get on board.

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