Business

Indonesia planning 10% tax on foreign digital services

Indonesia will slap a 10 percent value-added tax on the digital offerings of foreign companies from July 1, the finance ministry said, a levy that could apply to internet giants such as Spotify and Netflix.

Business

Coronavirus: Nike closes stores in US and some other countries

Multinational sporting goods seller Nike will close its stores in the US, Canada, Western Europe, Australia and New Zealand for 11 days starting Monday in response to the coronavirus pandemic, it said in a statement received ...

Business

France, US agree to extend talks over digital tax

Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital giants to the end of the year, postponing Washington's threat of sanctions against Paris, French officials ...

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