News

MUMBAI: Multinational enterprises (MNEs) such as Google, Facebook, Amazon and Netflix (to name a few), which have a huge consumer base in several countries but no physical presence, may in the coming year or two be dealing with a new global tax mechanism. Under this new system, ‘some’ profits and corresponding taxing rights will be re-allocated to countries where the consumers (markets) are based. This move is part of the draft Secretariat proposal, released by the Organisation for Economic Co-operation and Development (OECD), on Wednesday. The proposed rules will determine where tax should be paid (nexus rules) and on what portion of profits they should be taxed (profit-allocation rules). A global consensus is aimed to be achieved by end of 2020. The stakes are high for India, as highly digitalised global companies have a huge consumer base here. For instance, there are over 270 million Facebook users in India, making it one of the leading countries in terms of user … [Read more...] about Government may have ‘bad news’ for Google, Facebook, Amazon and other tech companies

The Trump administration has issued a new 90-day extension allowing U.S. companies to continue doing business with China's Huawei Technologies Co Ltd as U.S. regulators continue crafting rules on telecommunications firms that pose national security risks. After adding Huawei to an economic blacklist in May citing national security concerns, the U.S. Commerce Department has allowed it to purchase some American-made goods in a series of 90-day license extensions that it says aim to minimize disruption for its customers, many of which operate networks in rural America. Reuters on Sunday reported the planned 90-day extension after the Trump administration initially planned a short-term two-week reprieve, but ran into bureaucratic issues and opted instead to issue another 90-day extension. "The Temporary General License extension will allow carriers to continue to service customers in some of the most remote areas of the United States who would otherwise be left in the dark," said … [Read more...] about Huawei gets ’90-day’ lifeline from the US

Four Democratic leaders on the U.S. House of Representatives Energy and Commerce committee on Monday wrote Alphabet Inc's Google and Ascension Health [ASCNH.UL] demanding briefings by December 6 on how patient data the hospital chain is storing on the cloud is used. Google's cloud computing unit said last week that it has incorporated industry standard security and privacy practices into its deal with Ascension, and that none of the data is being used for advertising purposes. But House Energy Chairman Frank Pallone Jr. along with members Anna Eshoo, Diana DeGette and Jan Schakowsky, said in their letter that questions remain about what data exactly is stored with Google, which Google employees have access to the data, and to what extent patients were informed about the companies' agreement. Follow Gadgets Now on Facebook and Twitter. For the latest news, tech news, breaking news headlines and live updates checkout Gadgetsnow.com Recommended Products Latest Alexa … [Read more...] about US Congress seeks answers on patient privacy in Google, Ascension cloud deal

E-commerce platform Amazon is back with yet another edition of daily app quiz. As part of today’s quiz, the e-tailer is giving prize money worth Rs 10,000 to the winner. The money will be credited to the user’s account as Amazon Pay balance. Amazon app quiz goes live daily at 8am and continues till 12pm. There are five questions based on general knowledge and current affairs that must be answered correctly to become eligible for the prize. Winner of today’s quiz will be announced on November 30. The winner is generally chosen via lucky draw. So, if you have good hold over current affairs and is willing to try your luck,here are the five questions that you must answer correctly to win Rs 10,000 as Amazon Pay balance. Question 1: Today, 10 October is observed as ‘World Mental Health Day’ by the World Health Organisation to raise awareness of mental health issues around the world and mobilizing efforts in support of mental health. It was celebrated in the … [Read more...] about Amazon app quiz October 10, 2019: Answer these five questions to win Rs 10,000 as Amazon Pay balance

NEW DELHI: Information Technology Industry (ITI) Council, a US-based global lobby body for technology companies, said that India’s mandate on data localization could prove detrimental to tech companies in more than one way, and also opposed the government’s bid to force social media apps such as WhatsApp to allow traceability of the origin of certain messages. “When forced data localization is implemented it can cost companies 30-60 per cent more. A lot of big global companies can probably absorb that but can Indian start-ups afford that? It's likely that start-ups and small businesses will struggle to absorb the increased costs for data services when data is forced to be stored locally,” said Cody Ankeny, senior manager of policy, ITI at a press briefing. The Draft Personal Data Protection Bill, 2018, which mandates storing of critical personal user data within the territory of India, or data localization, is likely to be tabled in the winter session of … [Read more...] about India’s data localisation bid sees opposition from US-based tech body