Thursday, July 30, 2009

India wants to fight against global worming but does not want to accept any responsibility

Global worming is a big problem for almost all the countries but the main problem is that most developed countries are not willing to do the necessary sacrifice to cut on carbon emission. The rich countries are also arguing that the developing countries like India, China who produce a lot of carbon dioxide should do some sacrifices too. However, it seems that Indian government is not willing to do that because they feel that it would hurt their economic development. China has same attitude and this may lead to some confrontation with the rich countries.

What I want is that the rich countries and the poor countries sit together and try to find a logical solution. The main problem is that countries like USA emit a lot of carbon dioxide in the atmosphere and then expect that other countries do the sacrifice in stead of them. Now, in USA, Obama administration is more keen to make the environment clean and that is why there is some hope. Of course, all the countries have to find a common agenda for this for this problem.

Sunday, July 05, 2009

Amazon in Tax Problem in Japan

Amazon may be 800 pound gorilla in Internet but it has fallen into some kind of trouble with tax matters in Japan. Well, the situation is a bit complicated. It is not a matter of tax evasion. Rather it is a matter of international trade. If you are interested about international trade and taxation then this matter should be of some interest to you.

Reuters reported:

But the company said the taxation was inappropriate and asked tax authorities in the United States and Japan to discuss whether the firm properly complied with the tax code in the bilateral tax treaty, the newspaper added.

It is matter of claim and counter claim. Amazon is saying that they have already paid the tax in USA for its income that Japanese government is claiming. On the other hand, Japanese tax officials are saying that Amazon has to pay $119 million in taxes for its operations in Japan.