EU to Act if OECD Fails on Taxing Internet Giants: Vestager

The European Union will take measures to tax US tech giants if the international community doesn’t agree to a new system early next year, a senior official said Tuesday. “Last month, the Commission launched a public consultation on how to tax the digital economy,” said Margrethe Vestager, the bloc’s competition commissioner, at a conference organised by the […]

Did You Know the Trade Facilitation and Enforcement Act Raises Duty Free Limit?

A newly passed piece of trade legislation may make it easier for small businesses to compete by simplifying the import process. The U.S. Senate has passed the Trade Facilitation and Enforcement Act of 2015 (PDF), which will modernize and expedite the customs clearance process — fulfilling a long-standing wish of American businesses. Among other things, the bill […]