China is willing to work with Sri Lanka for better development of strategic cooperative partnership between the two countries J'Mon Moore Jersey , Chinese President Xi Jinping said in a message addressed to Sri Lankan President Maithripala Sirisena on Sunday.
In the message to congratulate Sri Lanka on the 70th anniversary of its independence from the British colonial rule in 1948, Xi recalled the traditional friendship and mutual assistance between China and Sri Lanka, and said that the two countries have conducted pragmatic cooperation within the framework of joint construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, achieving fruitful results.
"I pay high attention to the development of China-Sri Lanka relations, and I am willing to make concerted efforts with President Sirisena to push the China-Sri Lanka strategic cooperative partnership of sincere mutual assistance and long-standing friendship to keep achieving greater development in the better interest of the two countries and the two peoples Oren Burks Jersey ," Xi said.
Proposed by China in 2013, the Belt and Road Initiative aims to build trade and infrastructure networks connecting Asia with Europe and Africa based on ancient land and maritime trade routes.
The European Commission will present by the end of March its plan for overhauling tax rules for internet giants, aimed at making them pay up in the countries where they earn their profits, a top official said Sunday.
EU Economic Affairs Commissioner Pierre Moscovici told France's Radio J that his proposals would "create a consensus and an electroshock" on taxing digital economy revenues.
Under EU law, American technology titans like Google and Facebook can choose to report their income in any member state JK Scott Jersey , prompting them to pick low-tax nations like Ireland, the Netherlands or Luxembourg.
That deprives other nations in the bloc of any of the tax revenue, even though they may account for a bigger share of the earnings.
The Organisation for Economic Cooperation and Development says such rules cost governments around the world as much as $240 billion (193 billion euros) a year in lost revenue, according to a 2015 estimate.
"The idea is to be able to identify the activities of digital companies, so we need a range of indicators -- the number of clicks Josh Jackson Jersey , the number of IP addresses, advertising, and eventually revenues... and then we'll find ways to tax them," Moscovici said.
He said the new rules would apply to giants like Google, Apple Jaire Alexander Jersey , Facebook and Amazon -- together known as GAFA -- as well as services like AirBnB and Booking.
"When you rent a room on Booking, it generates considerable revenue for a company which we don't really know where it's located, and which pays very little in taxes," he said.
On average internet giants pay a tax rate of 9 percent in Europe, compared with an average corporate rate of 23 percent Ty Montgomery Jersey , Moscovici said.
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