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The taxation of digital goods and/or services, sometimes referred to as digital tax and/or a digital services tax, is gaining popularity across the globe. The digital economy makes up 15.5% of global GDP in 2021 and has grown two and a half times faster than global GDP over the past 15 years, according to the World Bank. [ 2 ]
The Washington Post ' s Geoffrey Fowler, in collaboration with Jadali, opened Fowler's private Facebook photo in a browser with a compromised browser extension. [234] Within minutes, they anonymously retrieved the "private" photo. To validate this proof-of-concept, they searched for Fowler's name using NA, which yielded his photo as a search ...
It centers on “electronic transmissions” — music, movies, video games and the like — more than on physical goods. But the rulebook isn't clear on the entire array of products affected.
In October 1999, DeCSS was released. This program enables anyone to remove the CSS encryption on a DVD. Although its authors only intended the software to be used for playback purposes, [2] it also meant that one could decode the content perfectly for ripping; combined with the DivX 3.11 Alpha codec released shortly after, the new codec increased video quality from near VHS to almost DVD ...
The term "freebooting" has been used to describe the unauthorized copying of online media, particularly videos, onto websites such as Facebook, YouTube or Twitter. The word itself had already been in use since the 16th century, referring to pirates, and meant "looting" or "plundering".
Entertainment tax also sometimes referred to as "amusement tax" is any tax levied on any form of commercial entertainment, such as movie tickets, exhibitions, sport events and more. The specific rules such as the tax rate of entertainment tax and cases of tax exemption are subject to local authorities, as is their collection.
The U.S. Tax Cuts and Jobs Act of 2017 changed Facebook's global tax calculations. Meta Platforms Ireland is subject to the U.S. GILTI tax of 10.5% on global intangible profits (i.e. Irish profits). On the basis that Meta Platforms Ireland Limited is paying some tax, the effective minimum US tax for Facebook Ireland will be circa 11%.
Tax Day is coming up fast — April 18! — but for certain dog owners, every day is Tax Day. Or at least, that's how Matt Hobbs sees it. He's the Atlanta-based songwriter behind the viral hit ...