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Tag: Tech

Johnson backs tech tax despite Trump’s threats

Johnson backs tech tax despite Trump’s threats

Business
Prime Minister Boris Johnson has said he would press ahead with a digital sales tax even after the US threatened to punish France for a similar move.In a proposal first outlined last year, large online companies face a tax of 2% of UK sales from April 2020.Mr Johnson said digital companies needed to make a "fairer contribution".Donald Trump has threatened to impose taxes on French goods in retaliation for a digital services tax that would affect Google, Amazon and Facebook. Ahead of Wednesday's Nato meeting in Watford, the US President said: "We've taxed wine and we have other taxes scheduled."We'd rather not do that, but that's the way it would work. So it's either going to work out, or we'll work out some mutually beneficial tax."The US said it would ap...
Sony’s venture arm is ‘optimistic’ about Europe’s tech sector and thinks it can rival the US

Sony’s venture arm is ‘optimistic’ about Europe’s tech sector and thinks it can rival the US

Finance
A visitor holds illuminated controllers while wearing a prototype of the Sony Project Morpheus virtual reality gaming headset at the IFA tech show in Berlin, Germany, on Sept. 3.Chris Ratcliffe | Bloomberg | Getty ImagesLISBON, Portugal — Europe's technology industry is thriving and showing signs that it can compete with the U.S., the chief of Sony's venture capital arm told CNBC."When we started the Sony Innovation Fund, we thought it would consist of mainly the U.S portfolio," Gen Tsuchikawa, head of the unit, said in an interview at the Web Summit technology conference. "But as we cultivated the European market, we found lots of different ideas in Europe."Tsuchikawa cited examples in the continent, such as innovations in Sweden's music industry and Germany's gaming scene. Sony's VC fund