Tag Archives: law

Twitter, Taxes and Turkish Prison

Twitter, Taxes and Turkish Prison

With conflict flaring over censorship of Twitter in Turkey around the time of March elections, the Turkish government has reportedly demanded that the company open an office there. Tim Worstall over at PandoDaily writes:

Why not just stick one employee there, as an “office” and make the local government happy? The answer being that having an office in a country changes the tax position completely and the important phrase to understand here for non-accounting types is “permanent establishment.”

Tim rightly points out that taxation of Internet businesses that flow across porous international borders is a thorny subject. The largest, most successful social Internet companies are understandable targets for tax authorities. Nevertheless, in the case of countries like Turkey under authoritarian leader Recep Tayyip Erdoğan, I think the discussion of taxes is mostly political theater. The main issue for social platforms like Twitter in Turkey in my opinion is free speech, or rather the desire to manage and squash it. Continue Reading

Copywrong: Disruptive Startups, IP and Legal Risk

Copywrong: Disruptive Startups, IP and Legal Risk

The law simply hasn’t kept pace with the largest upheaval in the distribution and consumption of content in human history, which has taken place in less than two decades since the consumer Internet was born in 1994. To a large extent, members of the general public have little idea what copyright is, how it works, or how it applies online, if at all. Continue Reading

When Good Legal Advice Is Worth $10 Million An Hour

When Good Legal Advice Is Worth $10 Million An Hour

One of the highest profile liquidity events in the first half of 2012 was Facebook’s deal to acquire Instagram for $1 billion. The popular mobile photo-sharing service should fit well into Facebook’s growth strategy as a public company, but its eye-popping valuation — more than that of the New York Times, for those keeping score… Continue Reading

Equity Crowdfunding Back On Track — As Milk Train, Not TGV

Equity Crowdfunding Back On Track — As Milk Train, Not TGV

The version of the JOBS Act initially approved by a bipartisan majority in the House was a bold experiment in targeted radical deregulation of financial markets that would have come on the heels of one of the worst economic disasters in American history — itself attributable to deregulation with inadequate oversight — while the asthmatic U.S. economic recovery continues to wheeze and stumble through the smoldering wreckage of once-mighty financial institutions. Continue Reading

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