Microsoft didn t beat around the bush with the reveal of its new Xbox One S console earlier today, touting a surprisingly affordable starting price of US$299 at the beginning of its E3 2016 conference.Though the US price point converts to around $405 in Australian dollars, the dreaded Australia Tax is in full effect once again, with the 2TB Xbox One S console appearing on Aussie retail websites with a RRP of $549 – even factoring in GST, that s still a markup of over a hundred dollars.In some slightly better news, as of today, existing Xbox One consoles have received a price drop in Australia, with the 500GB version now selling for $399 and the 1TB version now listed at $499.Regardless of its marked-up Australian price point, it must be said that the Xbox One S console s 4K video functionality will make it the most affordable 4K Ultra HD Blu-ray player in Australia when it launches in August – Samsung s UBD K8500 player is currently the cheapest player available locally with a price of $599.On that front, we guess the Xbox One S is pretty good value.However, we have to wonder if its worth buying into with Microsoft's beastly Project Scorpio console coming next year.
The OnePlus 3 invite OnePlus ForumsChinese smartphone maker OnePlus is expected to reveal its latest flagship, the OnePlus 3, at a VR launch tonight 14 June .A formal press conference is to be held on 15 June in China.It has already sold 30,000 OnePlus VR headgears earlier this month.Users with non-OnePlus VR sets like the Google cardboard-based van also watch the device in VR.Why advertise with usThe OnePlus 2 was also launched in VR but this time, instead of the OnePlus office, the company is going to release the new device at its Loop Virtual Space Station.The global timings for watching the event online live:EuropeLondon, UK – 17:30 BST, June 14 Tuesday Paris/ Berlin / Barcelona / Amsterdam, EU – 18:30 CEST, June 14 Tuesday Moscow, Russia – 19:30 MSK, June 14 Tuesday North AmericaLatin AmericaRio de Janeiro, Brazil – 13:30 BRT, June 14 Tuesday Mexico City - 11:30 CDT, June 14 Tuesday AsiaBeijing / Taipei / Hong Kong / Singapore – 00:30 CST/ HKT, June 15 Wednesday Seoul / Tokyo – 1:30 KST/ JST, June 15 Wednesday Jakarta, Indonesia – 23:30 WIB, June 14 Tuesday New Delhi, India – 22:00 IST, June 14 Tuesday Middle EastAbu Dhabi, UAE – 20:30 GST, June 14 Tuesday OceaniaCanberra, Australia – 2:30 AEDT, June 15 Wednesday Wellington, NZ – 4:30 NZST, June 15 Wednesday
ClearTax, which helps Indians file their tax returns online with minimum stress, is on a roll this year.ClearTax CEO and founder Archit Gupta told TechCrunch that three announcements over such a short period wasn t the company s plan but that is how the funding materialized.Gupta said that was down to the chemistry he found in SAIF s Ravi Adusumalli.The money is likely to last some time and it will be used to help grow the ClearTax userbase and expand its reach into new financial products.First is a tax return service for businesses, which is focused around the Indian government move to evolve the country s outdated and inconsistent VAT regulations to a more standardized GST system.Half of the new staff will be product engineers, Gupta explain, and the company is looking both inside India and to the U.S. — particularly Indian expats in Silicon Valley — to fill its vacancies.
IBM has already created a population of 500 of these artificial neurons and used them to process a signal in a brain-like neuromorphic way.This breakthrough is particularly notable because the phase-change neurons are fashioned out of well-understood materials that can scale down to a few nanometres, and because they are capable of firing at high speed but with low energy requirements.Also important is the neurons' stochasticity—that is, their ability to always produce slightly different, random results, like biological neurons.At this point, it might help if you look at the first diagram in the gallery.In a real neuron, this would be a lipid bilayer, which essentially acts as both a resistor and a capacitor: it resists conductance, but eventually, with enough electricity along the input dendrite, it builds up enough potential that its own spike of electricity is produced—which then flows along the axons to other neurons—and so on and on.Then, as spikes arrive from the inputs, the GST slowly begins to crystallise.
National Goods and Services Tax means everything needs tweaking India recently introduced a national goods and services tax GST * and the nation's techies are now scrambling to prepare for its implementation.Each of India's states previously levied their own GST at their own rates, which rather complicated matters for business not least because crossing some internal borders meant checking appropriate local taxes had been settled.Prime Minister Narendra Modhi made a national GST a key reform initiative, as it is felt that one tax will increase government revenue, chip away at the black economy and reduce administrivia burdens.The start date for the national tax has been set for April 1st, 2017.That's no joke for Indian businesses which have to get ready to collect, consolidate and pay tax by that date.The good news is there's impetus from the top: India's revenue secretary Dr Hasmukh Adhia yesterday called a meeting of various stakeholders to ensure their GST-related information technology efforts are under way.
The world's ongoing efforts to get multinational technology companies paying and collecting the proper amount of tax has claimed another win, with Adobe advising it will add Australia's Goods and Services Tax GST - think VAT, British readers and sales tax in North America to the cost of its Creative Cloud.Australia charges 10 per cent GST on most goods and services.But imports valued at less than AU$1,000 have been exempt from the tax, partly because it was felt too expensive to bother collecting it on physical goods.But digital goods are another matter entirely and Australia's government floated the idea of tech companies collecting GST from online purchases by Australians, no matter where the transaction takes place.Technology companies argued that they're exempt because their products are only consumed on Australian soil, rather than sold down under.But Australia's cash-strapped government thought that argument is flimsy and therefore legislated to remove GST exemptions.
Now that Uber drivers must pay the goods and services tax, your Uber rides in Australia might become a bit more expensive.Uber is not your traditional employer, since the firm does not regard its drivers as employees.For that reason, in most jurisdictions, Uber is not considered a taxi service for tax purposes.That latter point was struck down in an Australian court, however, with Uber reclassified as a taxi service in the region, reports The Sydney Morning Herald.The matter stretches back to 2015, when Uber appealed a decision by the Australian Taxation Office that required Uber drivers to pay Australia s goods and services tax GST .The decision effectively classified Uber drivers as taxi drivers and, in turn, classified the ridesharing service as a taxi service.
A UK tax barrister is suing Uber for tens of millions he says it owes in backdated VAT.Jolyon Maugham QC, a barrister at Devereux Chambers and founder of The Good Law Project, is suing Uber for unpaid VAT to find out "whether HMRC treats these big US multinationals including Uber with kid gloves."Maugham told ITV News that Uber should be charging VAT on its ride-hailing services, and owes just shy of £20m just for London in 2015 alone.Since HMRC can claim for up to four previous years' worth of tax - and sometimes more - the total bill could be a whopper.In fact, if the action succeeds in the UK, it's likely Uber would face similar costs across the EU.The company just lost a similar case in Australia, where the court ruled it must pay the Aussie VAT equivalent, Goods and Services Tax (GST).
eBay Australia says it may prevent local buyers from purchasing goods from international sellers, if the government’s proposed GST changes go ahead.The Australian Government has proposed alterations to the federal Goods and Services Tax (GST) legislation, which would force all online sales to incur the additional 10-percent charge that currently applies to products purchased locally.In a submission to a senate inquiry on the changes, eBay Australia’s vice president Jooman Park has stated that “the most likely outcome” of this government legislation going ahead is for eBay “to prevent Australians from buying from foreign sellers”.Park has listed several reasons for opposing the tax alongside the block, with eBay stating that it believes the tax would not end up helping physical stores or raise much revenue, as buyers would shift to less legitimate online retailers that dodge the tax.The company also says that the complexities of the tax would mean that separate goods in a single box would attract two different types of tax for goods over or below $1,000, and that it thinks the July 1 rollout date is “completely unrealistic”.A likely reason for the company’s opposition is that the tax would treat businesses like eBay as the seller themselves, whereas Jooman Park argues that its site is merely a platform and that eBay doesn’t handle the goods or the payments.
Tat bazaar eBay has threatened to stop Australian buyers doing business with offshore sellers if the nation goes ahead with a plan to charge local sales taxes on imported goods.But the tax is not applied to imports valued at under AU$1,000, leading local retailers to complain they can be undercut by offshore online sellers.An 2011 inquiry found that charging GST on imported items valued at less than $1,000 would cost more money than it would raise, but that hasn't stopped Australia's current government from plowing ahead with a plan to collect GST on imports anyway and to start doing so as of July 1st 2017.An inquiry into the plan will be held later this week and submissions on the proposal have been published ahead of hearings.eBay's submission (PDF) is a doozy because it says “Regrettably, the Government’s legislation may force eBay to prevent Australians from buying from foreign sellers.” The tat bazaar argues that it is unfair that it do all the heavy lifting so that third-party sellers using its platform collect GST.Rather than do that work, eBay thinks it best to just cut Australians off from the world.
The internet giant Amazon has attacked the Turnbull government’s plan to impose the GST on all online purchases, saying it is so poorly designed it will create an “inherent disincentive” to comply.It has questioned how the government came up with its proposed GST collection model, saying a previous government taskforce recommended a superior model in 2011.The Senate standing committee on economics will hold a public hearing on the bill on Friday.At the moment, imports of goods worth less than $1,000 are GST-free – including clothing, books, electronic devices and sports equipment.The government wants to abolish the concession to “level the playing field” for bricks-and-mortar stores, after years of lobbying from retailers such as Gerry Harvey.But it wants online giants such as Amazon and eBay to collect GST for the commonwealth using a so-called “vendor model”.
India covering the whole country, a major tax reform namely, Goods and Services Tax GST will come into force early next month.Indian cell phone merchant you do not want to take inventory of the goods before the effects of the change in prices are known.HMD launched in India earlier this month three new smartphone models, namely the Nokia 3,5 and 6 as well as the Nokia 3310 retro mobile in may a huge media fanfare.India Today -according to the newspaper, the cellphone of the delivery will be late."Even if the HMD is ready to supply equipment, shops are hesitant to stock up on goods, since the tax change caused by the price fluctuation dubious merchants", the magazine claims.the Phone sales can magazine, according to sources late in a couple of weeks and even months.
Residents of Hangzhou, China, can hop onto any one of at least 86,000 bicycles and ride wherever they like.The bikes are easy to find, too, because people tends to leave them any old place.Leaning against walls and lying in vacant lots.Police have rounded up 23,000 bikes so far this year and hauled them to 16 corrals around the city.From the ground, these bicycle graveyards look like junkyards.Seen from above, they take on an impressionistic quality.
In July, the goods and services tax (GST) was rolled out to a mixed reception.Its objective is to prevent cascading of taxes and avoid built-in taxes — for example, excise duty at the factory gate, duty on equipment used by telecom companies, etc — thereby lowering retail prices and increasing tax revenue by more voluntary compliance.If it proves effective, there is an anticipated increase in GDP by 2%.But the implementation of GST has not gone down well with everyone as the initial impact on the market has been an increase in the prices of goods and services.It is also because taxes have become more visible, as compared to earlier when they were hidden and built into the price itself.What was visible earlier was a value-added tax (VAT) imposed by states at the retail level or the service tax imposed by the Centre.The new 5%, 12%, 18% and 28% tax based on categories divided into essentials, necessities and luxuries has also left the public confused.But if anyone has been particularly hurt by GST, the differently-abled are facing a double blow.With 5% GST being imposed on disability equipment, the message sent out is not one of inclusion.
For the second year in a row, Twitter and Emaar Properties have partnered to livestream Dubai’s New Year’s Eve festivities to Twitter users around the world.The show will broadcast from downtown Dubai beginning at 11:30 p.m. GST/2:30 p.m. EST Dec. 31.Users will be able to watch the livestream even if they’re not logged into Twitter, and a timeline of related tweets will appear alongside the stream.In addition, Emaar will launch a Twitter direct message feature associated with the event.A Twitter blog post explained: “Once people send a DM via Twitter to @MyDowntownDubai, they will be directed to a series of automated steps to easily learn more about what’s happening around the festivities.”The blog post continued: “The DM experience will provide information that will range from the day-by-day New Year activity schedule and a selection of recommended hotels for tourists prior to the celebrations to frequently asked questions for those heading to the viewing locations in downtown Dubai on New Year’s Eve.”
A team of researchers at Tohoku University, in collaboration with the National Institute of Advanced Industrial Science and Technology (AIST) and Hanyang University, has developed new phase change material which has electrical characteristics that behave differently to those of conventional materials.This new material allows a drastic reduction in power consumption for data-recording in non-volatile random access memory.PCRAM isexpected to not only replace flash memory but also to be used for storage-class memory, which can mitigate the difference in latencies between DRAM and flash memory.The principle of PCRAM operation relies on the change in electrical resistance between high resistance amorphous and low resistance crystalline states in phase change material.Ge-Sb-Te (GST) is well known as a phase change material for PCRAM application.GST can operate at high speed but has poor data retention at high temperatures (~ 85 ?C) and needs a large amount of power for data-recording.
On Monday, video surfaced on Reddit showing a SkyRunner “flying car” crashing into a building.And while the video is certainly horrifying, there wasn’t any context for the accident—just the typical Reddit jokes.Thankfully, both the pilot and the passenger survived.The full video is on YouTube:According to SkyRunner, which has FAA certification for the vehicles, the incident happened in the United Arab Emirates on February 9th at 10:15am GST.“A company which owns a SkyRunner was performing a routine flight on Friday when it came in contact with a building,” SkyRunner CEO Stewart Hamel told Gizmodo today by email.
Users of certain online products, potentially including some apps and content streaming platforms, may have to pay higher prices as the country’s goods and services tax (GST) is extended to imported services – but not to ecommerce transactions, as had been widely expected.Other measures in today’s government budget announcement that will be of interest to startups include changes to corporation tax and innovation-related spending.Previously, startups enjoyed a 100 percent corporate tax exemption on the first S$100,000 (US$76,235) of their chargeable income.The government also wants to help businesses exploit externally developed technologies.However, a widely anticipated extension of GST to imported goods purchased online – which are distinct from services – is yet to materialize.In the run up to this year’s budget, many commentators predicted a rise or expansion of GST – which accounts for 15.8 percent of Singapore’s national revenue – to secure greater revenues from the digital economy.
Microsoft Australia's taken steps to ensure that Australia's goods and services tax (GST) is collected on apps sold at the Microsoft Store.The company last week quietly updated its App Developer Agreement from version 8.1 to 8.2, with the changelog noting that the new version "Updated tax language to: (i) grant Microsoft Affiliates the right to remit taxes on behalf of New Zealand App Developers, (ii) clarify new GST registration requirements for New Zealand App Developers who make paid apps/in-app products available in the Store, and (iii) updated the Microsoft Subsidiary acting as agent in Australia and New Zealand."The Register has since confirmed that the change was made to ensure compliance with updated legislation that recognises that digital goods may be sold with infrastructure hosted offshore, but that a company with a local presence effectively sells them in Australia and must therefore collect GST from buyers and pass it on to Australia's federal government.Microsoft declined to comment about the change on the record, perhaps a reflection of the torrid times its experienced attempting to explain its tax practices to the Senate Economic References Committee (PDF)in 2017 and a a 2013 Parliamentary Inquiry into IT pricing.Adobe complied with that new law in September 2016 for its cloud services.It's not immediately apparent why Microsoft needed more time to make and/or formalise the change.
A proposal from the Department of Home Affairs has suggested that Australian shoppers purchasing goods from overseas will have to pay an additional fee of $5 on every item posted.The proposed tax would be put in place to cover the growing costs of security screening, a paper obtained by Fairfax Media claims, as the number of items posted to Australia that are valued under $1,000 increase dramatically year to year.This cost will sit atop the existing 10% GST that will apply to all sales from July 1 this year, rather than just those over $1,000 in value, and has the potential to increase certain parcel costs by more than double their initial value.While there would have been scope for this cost to be absorbed by online retailers such as eBay and Amazon or delivery services, both of these parties have said in the past that the levy will be passed directly onto the consumer, so we can expect to pay up if the proposal goes through.
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