MANILA (Reuters) - The Philippines will impose a 12% value-added tax (VAT) on digital services offered by tech giants such as Amazon, Netflix, Disney, and Alphabet, in a move that will level the playing field with domestic brick and mortar players, the internal revenue agency said on Thursday.
A view of uprooted trees as Typhoon Krathon approaches in Kaohsiung, Taiwan October 2, 2024. REUTERS/Ann WangKAOHSIUNG, Taiwan - Taiwan on Thursday girded itself for the arrival of a weakening Typhoon Krathon which has killed two people so far, as the island shut down for a second day with hundreds of flights grounded and financial markets closed.
Shortly after dawn, residents in Kaohsiung, a city of some 2.7 million people, received text message warnings telling them to seek shelter from gusts more than 160 kph . The typhoon is forecast to slowly work its way up Taiwan's flat western plain and weaken further into a tropical depression by late Friday.Taiwan's financial markets closed for a second day too.
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