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Why Govt. Wants to Tax Digital Giants Like Google, Facebook, Amazon On Earnings From Pakistan

“Money being repatriated from Pakistan (by tech giants) is higher than the quantum of foreign investment (flowing in)” May 8, 2018 (BE2C2) — Pakistan has proposed 5% tax on digital revenues earned by U.S. tech giants like Google, Facebook and Amazon from the country, while also moving to bring offshore-controlled companies in its tax ambit. The move if successful would also tax Chinese digital earnings from Pakistan– Ali Baba for instance — China’s biggest E-commerce site keen to make local presence it announced last month. The tax measures have beenRead More