The European Commission will present by the end of March its plan for overhauling tax rules for internet giants Mens Nike VaporMax For Sale , aimed at making them pay up in the countries where they earn their profits, a top official said Sunday.
EU Economic Affairs Commissioner Pierre Moscovici told France's Radio J that his proposals would "create a consensus and an electroshock" on taxing digital economy revenues.
Under EU law, American technology titans like Google and Facebook can choose to report their income in any member state, prompting them to pick low-tax nations like Ireland, the Netherlands or Luxembourg.
That deprives other nations in the bloc of any of the tax revenue Womens Nike VaporMax For Sale , even though they may account for a bigger share of the earnings.
The Organisation for Economic Cooperation and Development says such rules cost governments around the world as much as $240 billion (193 billion euros) a year in lost revenue, according to a 2015 estimate.
"The idea is to be able to identify the activities of digital companies, so we need a range of indicators -- the number of clicks, the number of IP addresses, advertising Cheap Nike VaporMax For Sale , and eventually revenues... and then we'll find ways to tax them," Moscovici said.
He said the new rules would apply to giants like Google, Apple, Facebook and Amazon -- together known as GAFA -- as well as services like AirBnB and Booking.
"When you rent a room on Booking, it generates considerable revenue for a company which we don't really know where it's located Nike VaporMax China For Sale , and which pays very little in taxes," he said.
On average internet giants pay a tax rate of 9 percent in Europe, compared with an average corporate rate of 23 percent, Moscovici said.
Agencies
CHENGDU, Jan. 29 (Xinhua) -- The video of a quake survivor searching for the army officer who saved his life 10 years ago has attracted a lot of attention on China's social media.
"Ten years have passed. I have become a soldier like you. Can you see me? I've been looking for you all these years. Where are you?" the survivor Nike VaporMax Shoes For Sale , Qiang Tianlin, says in the video.
Since the video went online a week ago, it has been viewed more than 12 million times and forwarded over 30,000 times on Sina Weibo.
Qiang was 14 and attending Guanzhuang Middle School when the 8.0-magnitude earthquake struck Sichuan's Wenchuan County on May 12, 2008.
The quake claimed more than 80 Nike Air VaporMax For Sale ,000 lives, and around 130,000 military personnel took part in the search and rescue work.
Worried about his family, Qiang left his school and headed home alone. Walking on a mountain track, aftershocks suddenly caused a landslide.
A passing soldier grabbed Qiang and used his own body to shield Qiang from the falling rocks.
"Were it not that soldier Nike VaporMax For Sale , I might have died. I saw falling rocks hitting his back and his hands were bleeding," Qiang recalled.
This soldier took him to a temporary shelter nearby and fetched Qiang's family the next day. In the following months, he came to the shelter several times, setting up tents and delivering supplies to people.
"I regret that I didn't ask for his name. All I know is that he was 1.7 meters tall and others called him 'Battalion Commander,'" Qiang said.
The events of May 12 totally changed Qiang's life. Previously http://www.cheapvapormaxshoesforsale.com/ , his academic performance was poor, but the officer gave him many notebooks as gifts before he disappeared.
"He told me to study hard and walk out of the mountains to see the outside world."P Qiang kept the hero's words in mind. He enrolled at National University of Defense Technology in 2012, joined the army and is now a member of the Chinese International Search and Rescue Team.
Although Qiang is yet to take on a rescue mission, he believes that he, like the soldier who saved his life Kids Nike VaporMax For Sale , will "bring hope to people in need."
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