Source: People's Daily Time: On January 1, 2020-01-03, Italy began to levy 3% of its cared turnover as a digital tax from large technology companies. This policy applies to digital service income in Italy with global annual income of more than 750 million euros Technology companies with more than 5.5 million euros. The Italian media estimates that this is expected to bring Italy 600 million euros in taxes every year. Some analysts believe that following the French decision to levy a digital tax in 2019, this new tax passed by the Italian parliament at the end of December last year is conducive to safeguarding the EU’s digital sovereignty, but due to opposition from the United States, it may further intensify trade between Europe and the United States Tension. For a long time, US, Internet giants such as Google, Facebook, and Amazon made huge profits in Europe, but only paid very little tax, which made Italy and other EU member countries unhappy. In March 2018, the European Commission published a legislative proposal, any EU member state Read More

Source: Economic Reference Time: 2020-01-02 my country's opening to the outside world starts a new journey. On December 31, 2019, the full text of the \"Implementation Regulations of the Foreign Investment Law\" was published and was implemented simultaneously with several important laws and regulations such as the \"Foreign Investment Law\" and the \"Judicial Interpretation of the Foreign Investment Law\" on January 1, 2020. An important support for China's legal business environment. On this basis, my country is still brewing more measures for opening up and upgrading. \"Economic Reference News\" reporter was informed that my country will continue to reduce the negative list, add encouragement catalogs, through \"one reduction and one increase\", to further expand market access. It is worth noting that the Pilot Free Trade Zone and the Free Trade Port, as frontier positions for opening up, are accelerating the first trial of system reform and paving the way for more open measures to be explored. From the \"Foreign Investment Law\" reviewed and approved at the beginning of the year, to the mid-year release of the National Edition and the Pilot Free Trade Zone Edition, two negative lists for foreign investment access Read More

Source: People's Daily Time: 2019-12-30 Newspaper Beijing, December 29 (Reporter Wang Ke) On the 29th, the reporter learned from the Ministry of Commerce: In the first 11 months, China's actual use of foreign capital was 845.9 billion yuan, an increase of 6% ; Attracting 722 large-scale foreign-invested projects of more than US$100 million, an increase of 15.5%. Business operations are generally stable, the main indicators are stable and improving, and high-quality development has achieved new results. In terms of \"promoting consumption\", my country has introduced \"20 policies to promote consumption\". In terms of urban consumption, 36 cities were promoted to develop convenience stores and newly built and renovated more than 1,200 vegetable markets. In terms of rural consumption, we have promoted e-commerce into rural areas, and cumulatively built more than 1,700 county-level e-commerce service centers and logistics distribution centers. In addition, support the construction of 837 agricultural cold chain logistics projects. \"In the aspect of stabilizing foreign capital\", my country has improved its laws, regulations and policies, and promoted the introduction of foreign investment laws and implementation regulations, \"stabilization of foreign capital in 20 articles\" and other policies Read More