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EU PLANS TO RAISE TAX BILL OF ONLINE GIANTS GATHER MOMENTUM Nearly one third of European Union states backed a plan to tax digital multinationals on their turnover, France said on Friday, as the EU weighs a range of other measures to increase the tax bill of companies like Google and Amazon. European Economic and Financial Affairs Commissioner Pierre Moscovici gestures during his meeting with Greek Prime Minister Alexis Tsipras (not pictured) at Maximos Mansion in Athens, Greece, July 25, 2017. REUTERS/Alkis Konstantinidis/Files TALLINN: Nearly one third of European Union states backed a plan to tax digital multinationals on their turnover, France said on Friday, as the EU weighs a range of other measures to increase the tax bill of companies like Google and Amazon. The moves are part of a growing campaign in the EU to claim tax revenues that online giants are accused of skirting by routing most of their profits to low tax rate states, like Ireland and Luxembourg. ...

Indonesia tax amnesty nets $330 bln - now for reform A general view shows under-construction buildings among the city skyline in Jakarta on June 30, 2016. Southeast Asia's biggest economy this month is winding up one of world's most successful tax amnesties, with at least 745,000 taxpayers declaring more than $330 billion of assets so far. President Joko Widodo has cited higher tax revenue as the key to boosting infrastructure spending and growth. But if the amnesty is to avoid being just a one-off windfall, Indonesia needs to improve a tax collection ratio well below many of its peers, international agencies and local officials have said. To that end, Indonesia 's finance minister Sri Mulyani Indrawati has set up a special tax reform team to boost collection. It faces an immense task in a country where tens of millions of people - both the wealthy and the poor - remain outside the tax system. Parliament is considering draft legislation that would overhaul an...