Tag: tax

June 24, 2020

This tax season may look more like a tax year, as Treasury Secretary Steven Mnuchin weighs delaying the July 15 deadline once again. “As of now, we’re not intending on doing that, but it is something that we may consider,” […]

January 23, 2020

Apair of senators is looking for a list of all federal employees who are delinquent on their taxes, and has introduced a bill calling on the Treasury Department to compile such a database. The Federal Employees and Retirees with Delinquent […]

October 18, 2019

Thousands of protesters cut off roads and started fires around Lebanon as anger over plans to impose a levy on WhatsApp calls escalated into demands for the government to resign. Demonstrators carrying Lebanese flags thronged outside government headquarters in downtown […]

August 19, 2019

Cryptocurrency investors in the United States are receiving letters from the Internal Revenue Service (IRS) which are proposing backdated tax payments relating to the trade of virtual assets. As reported by Bloomberg, some traders are receiving notices asking for input […]

July 12, 2019

Big tech companies will now be required to pay a 3% tax of total annual revenues to the French government after a Bill targeting GAFA companies — an acronym for Google, Apple, Facebook, and Amazon — was passed on Thursday. […]

June 18, 2019

Last week, US senators and representatives introduced bills in the Senate and the House to open up a type of corporate structure originally reserved for oil, gas, and coal companies to clean energy companies. Called a Master Limited Partnership (MLP), […]

February 11, 2019

The first U.S. tax filing season under the overhaul that President Donald Trump signed into law at the end of 2017 got off to a slow start in the first week, with data released on Friday showing a significant drop […]

December 10, 2018

When General Motors announced plant closings and a 15% workforce cut, the plan was to plow savings into electric and autonomous vehicle development, which is seen as the industry’s future. But selling electric vehicles (EVs) will get tough without a […]

October 26, 2018

Republicans in California had rallied around a gas tax repeal known as Proposition 6, but the measure is now at risk of failing, according to a new poll. That could mean trouble for some GOP candidates who pinned hopes on […]

September 5, 2018

Your trusty college savings plan is no longer just for higher-education costs, thanks to the new tax law. Whether you have young children or grandchildren, you’re probably aware of the rising cost of higher education: The average annual cost of […]

July 19, 2018

President ‘The Donald’ has seized, belatedly, on the European Commission’s announcement yesterday that it had found Google guilty of three types of illegal antitrust behavior with its Android OS since 2011 and was fining the company $5 billion; a record-breaking […]

June 29, 2018

The IRS announced a global partnership with four other nations that will focus on information and technology sharing, cooperation on criminal and financial investigations, cybercrime and the rising use of cryptocurrencies. The partnership between the U.S., U.K., Canada, Australia and […]

April 12, 2018

Acting IRS Commissioner David Kautter told lawmakers during an April 11 House Appropriations committee hearing that the agency has made significant improvements around a key IT modernization initiative. “The core processing system for filing and processing tax returns has been […]

April 2, 2018

President Trump continued his Twitter war with Amazon on Saturday, going after the ecommerce giant calling it a “scam” that’s costing the Post Office “billions.” Saturday’s missive comes after tweets Thursday saying the company founded by Jeff Bezos pays “little […]

December 19, 2017

Republicans are poised to approve the first major overhaul of the American tax code in decades on Tuesday. The GOP is rushing toward its year-end target to pass a tax bill, despite the measure’s broad unpopularity in recent polls. The […]

December 14, 2017

White House budget director Mick Mulvaney told CNBC on Thursday he’s “cautiously optimistic” about a tentative tax cut deal on Capitol Hill. House and Senate Republican negotiators, who have been scrambling to craft a compromise bill, said on Wednesday they […]

September 15, 2017

The European Commission is preparing a list of legal options on how to make digital multinationals such as Amazon, Facebook and Google pay more tax, Reuters reports. The paper is being prepared for an EU summit taking place on September […]

August 7, 2017

France is back, seeking to plug tax loopholes with a vengeance. In July, a French court rejected claims that Google abused loopholes to avoid paying its fair share of taxes. This follows a similar attempt made by the U.K. last […]

December 7, 2016

In an extensive security audit led by Oregon’s Secretary of State Jeanne Atkins, officials are warning state and IT leadership of widespread vulnerabilities in 13 agencies. Key finding in the report, published Nov. 30, observed that in all of the […]

September 5, 2016

Irish ministers confirmed on Friday, after days of talks, that they will appeal against the European Union’s Apple tax ruling. Earlier this week, Ireland was ordered by the European Commission, the executive arm of the EU, to reclaim €13 billion […]