Netflix Says Ready to Pay Tax After Vietnam Complaint

first_imgThe minister’s criticism against Netflix also focused on its content.Hung said some of its shows feature “violence, use of drugs, and pornography,” violating censorship laws that govern Vietnam’s tightly controlled film industry. He also specifically singled out a Vietnam War documentary for its “wrong reflection of history”. Separately, in 2017 Netflix removed the Stanley Kubrick classic Full Metal Jacket from its catalogue after a request from the government. Vietnam is hoping to build a reputation as a Southeast Asian hub for fintech, but is hampered by draconian laws governing media and digital spaces. Netflix’s run-in with the Vietnamese authorities comes amid growing concern in countries around the world about taxes paid, or not, by US tech giants. Amazon, Google, and Facebook have all come under fire for paying seemingly negligible tax on huge revenues.Earlier this month, Spain said it is preparing legislation that would impose a five percent tax on platforms such Netflix, with the aim of using the funds to boost domestic film production.Apple has not yet responded to a request for comment. Which is the best TV under Rs. 25,000? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below. Netflix insisted Wednesday it was prepared to pay tax in Vietnam after a government minister accused the streaming giant of dodging its obligations to the communist nation.The information minister this week singled out Netflix and newcomer Apple TV for not paying tax, saying foreign platforms earn an estimated $44 million (roughly Rs. 300 crores) a year in revenues from a skyrocketing subscriber base across Vietnam.- Advertisement – “However today such a mechanism does not exist.”The streaming juggernaut’s entry into Southeast Asia has had a major impact on viewing habits. The massive popularity of the service has pushed Netflix to invest in locally produced shows and films, such as Vietnamese martial arts movie “Furie”.- Advertisement – “Some cross-border platforms have neither paid taxes nor operated in accordance with the laws, creating unfair competition,” Nguyen Manh Hung told Vietnam’s national assembly Tuesday.But a Netflix spokesperson told AFP the company complies with relevant Vietnamese laws and is in talks with authorities on the issue. “We are supportive of the implementation of a mechanism that will make it possible for foreign service providers like Netflix to collect and remit taxes in Vietnam,” they said in a statement. – Advertisement – – Advertisement –last_img read more

Indonesia reports 81 new COVID-19 cases, death toll rises to 38

first_imgThe government, Yurianto said, had been preparing to import chloroquine drugs. Yurianto claimed the medication was potent against COVID-19, although no medicine has been clinically proven to cure the disease. However, medical personnel in several countries have been using the drugs to treat the disease’s symptoms in patients.“Chloroquine is used to treat [the disease’s symptoms], not prevent it; therefore, people should not hoard chloroquine,” the spokesperson said.He went on to say that the government had prepared more than 12 million surgical masks and 81,000 N95 masks for hospitals treating COVID-19 patients. “Hospitals needing such equipment should make a formal request to the local health agency.”Yurianto urged people to stay at home and maintain social distancing from others to prevent possible virus transmission. (mfp)Topics : Other regions recording spikes in the number of positive cases were West and East Java with 41 and 11 new ones, respectively.“We have given all this data to the heads of provincial health agencies, who forwarded the data to the hospitals where these patients are being treated,” Yurianto said during a broadcasted press briefing on Saturday.“The data has also been used by health offices in every district as material for contact tracing.”He added that the contact tracing efforts would be followed by rapid testing, which could show results in minutes. The tests, however, were only used for preliminary detection of whether a person had been infected by the coronavirus. Indonesian health authorities have recorded another spike in the number of COVID-19-positive cases in the country, as the government announces 81 new ones on Saturday, with a total of 450 reported nationwide.Health Ministry Disease Control and Prevention Director General Achmad Yurianto said the number of fatalities caused by the disease had also increased to 38, compared to 32 on the previous day. Meanwhile, 20 people had recovered from the disease so far.Yurianto, also the government’s spokesperson for COVID-19-related matters, said Jakarta still recorded the highest increase of positive cases with 44, with the number of positive cases in the capital city becoming 267. Authorities reported 23 people had died of the disease in Jakarta.last_img read more

Aqueos Wraps Up Subsea Campaigns Off US

first_imgSubsea services provider Aqueos has completed saturation diving and ROV campaigns for multiple clients on US North East Coast and a project on the West Coast.The DP2 DSV Kelly Ann Candies conducted IMR work on multiple LNG offloading facilities in the area in depths down to ~350fsw. Work also included conducting 200T+ lifts for which Aqueos opted to mobilize local barges with winch spreads.The West Coast campaign included the subsea inspection of three large conventional jacket structures off the coast of California.The inspections are part of an ongoing structural integrity review of the jackets, and included detailed inspection of welds. Both Close Visual Inspection (CVI) and Magnetic Particle Inspection (MPI) methods were used though out the jackets, with depth ranges up to 1200 feet of sea water. Also included in the surveys, were detailed cathodic potential (CP) surveys to help determine the effectiveness of the current cathodic protection systems. A portion of the CP surveys included the cleaning of select anodes throughout the jackets, both by divers and the ROV and the taking of measurements, both manually in the case of the divers and by scaling lasers when taken by the ROV.The surveys of the three jackets took place concurrently, with the diving operation conducted from the jackets and the ROV operations were performed from a floating asset. Through the course of the inspection program, the ROV performed over 100 dives with nearly 700 hours of in water time logged. The dive team logged 131 dives and nearly 337 hours of in water working time.“This project was completed incident-free utilizing ABS Classed Surface Diving Equipment and Aqueos owned and operated ROV. This is a testament to the hard work and tenacity of our highly skilled offshore and project management teams.Incident-free work and our commitment to excellence is our highest priority.Our goal on every project is to exceed our customer’s expectation”, said Aqueos president and CEO, Ted Roche, “We appreciate the support and business partnering relationship we maintained with our client during this rigorous inspection campaign”.last_img read more

Chris Murphy: Americas Outlook – No drama just business as US systems are go

first_img Share DraftKings CBO – Industry ‘only just scratched the surface’ of US sports betting July 16, 2020 Related Articles BetInvest: The benefits of separating esports betting markets August 7, 2020 Share Chris Murphy – SBC AmericasAs US betting approaches the final straight of its first full year in operations,  SBC Americas’ Editor Chris Murphy details that coast-to-coast all critical stakeholders appear to be playing their part in progressing US betting’s agenda –  ‘No drama, just business’ the US really is a new territory for gambling…___________________With G2E deals still fresh on the order pad and all eyes now front-facing to the close of 2019, the US sports betting sector continues to grow and develop at a pace that even the most optimistic of industry observers might not have predicted. The pace of change is nothing short of prodigious.As things currently stand, a full 19 states have either legislation on the books or fully-fledged sports betting on the go. Newcomers Iowa and Indiana both got off to a flyer, as bettors in the former placed a total of $38.5m in sports wagers. Figures from the Iowa Racing and Gaming Commission showed that sports betting revenue for The Hawkeye State amounted to $4.96m, with licensed operators having contributed $334,553 in tax in the first month of regulated sports betting. Indiana‘s retail sportsbooks enjoyed an impressive debut month that saw them hold their own with more established legal sports betting markets. Fueled by retail sportsbooks most closely to the situated Chicago market, Indiana retail sportsbooks accepted $35.2m in bets in September, producing $8.6m in adjusted gross revenue for the sportsbooks.  Unsurprisingly, though, it was the Garden State that continued to lead the way, with New Jersey gamblers wagering a record $445m on sports across the state in September, the largest monthly total in New Jersey since legal sports betting began on June 2018. In fact, since the legalization of sports betting in NJ, over $4bn has been wagered in both New Jersey’s online and retail sportsbooks, with Atlantic City casinos recording 16 straight months of gaming revenue increases.While the focus has been acutely trained on the numbers, it’s also important to recognise the relationships that continue to be formed and flourish stateside. Only recently, GAN, a developer and supplier of enterprise-level B2B internet gaming software, services and online gaming content in the US, broadened its existing agreement with FanDuel Group. That partnership now sees FanDuel taking GAN’s platform into Indiana for rapid deployment of account services for internet sports betting, following the start of internet gaming in the state earlier this month.The National Basketball Association (NBA), always eyeing new joint ventures, took a more Antipodean approach by teaming with Australian betting operator Tabcorp as part of a new multi-year media partnership. Under the terms of the deal, NBA TV – the league’s 24-hour television network – will be shown across Tabcorp’s Sky Channel throughout its 4,400 TAB retail and entertainment venues across Australia.Not to be outdone, National Hockey League (NHL) franchise the Las Vegas Golden Knights penned a multi-year partnership with International Game Technology (IGT) which becomes the latest in a line of suitors to link up.Elsewhere, the omnipresent Google got in on the act, updating its gambling and games policy to authorize the advertising of sports betting services in Pennsylvania, Rhode Island, Montana, Iowa and Indiana. These five states join the likes of New Jersey, Nevada and West Virginia who all permit sports betting via Google’s “limited beta” program launched in June as part of the company’s efforts to keep pace with the rapid spread of legal sports betting services.US sports betting still faces challenges, the Wire Act being one of them. The US Department of Justice (DoJ) filed a notice of appeal following the decision in June by the United States District Court for the District of New Hampshire to find in favor of the New Hampshire Lottery Commission (NHLC) in the long-awaited ruling on last year’s revised opinion of the Wire Act by the DoJ.The action was described by iDEA Growth Founder Jeff Ifrah as hardly unexpected, but certainly unwarranted. Ifrah said: “We hope that, rather than engaging in a protracted, expensive and ultimately unsuccessful legal fight, the Department will take this opportunity to negotiate a settlement which will focus the Wire Act and DOJ’s enforcement resources on the right targets – the unlicensed illegal offshore Internet gambling operators who do not create jobs or tax revenue in the US and do not appropriately protect consumers.”And as we head into the New Year and look forward to key events like next year’s Betting on Sports America, there will be more material for debate and conjecture. Paying college athletes for image rights; the stout refusal of New York to allow mobile betting; and increased pressure on stakeholders to beef up their social responsibility quotas. All these things and more will add vivid colour and sharp detail to the rapidly developing picture of a market that refuses to stand still… Like time and tide, US sports betting waits for no man. ______________ Nathan Rothschild: GTG Network – Why Free-to-Play is lockdown’s most valuable lesson May 27, 2020 StumbleUpon Submitlast_img read more