Tag: COMPLIANCE
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Summit Companies Face Tax Evasion Allegations of Tk1,112 Crore According to NBR
The NBR has accused two Summit companies of evading Tk1,112 crore in taxes from dividend transfers. Summit insists it has complied with tax laws and has not yet received formal notice. The investigations have revealed potential discrepancies in tax deductions for dividend payments, prompting the NBR to revoke prior exemptions and enforce tax collections retroactively,…
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Australia Demands Fair Compensation from Tech Giants for News Content
The Australian government is imposing new regulations requiring tech giants like Meta, TikTok, and Google to negotiate revenue-sharing deals with local media companies or face substantial penalties. This update to the News Media Bargaining Code aims to ensure that these platforms provide fair compensation for Australian news content. The Australian government announced a significant update…
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Australia Implements New Rules for Tech Companies to Compensate News Outlets
The Australian government has unveiled new regulations obligating large tech companies to pay media outlets for news content hosted on their platforms, with significant fines imposed for non-compliance. Meta has criticized the initiative, asserting that users do not primarily access the platform for news. This regulatory framework continues Australia’s trend of increasing scrutiny over tech…