taxes

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

Source: en.wikipedia.org

Znode and Avalara Team to Automate VAT Compliance
Znode and Avalara Team to Automate VAT Compliance
October 01, 2021  |  B2B Payments

B2B eCommerce platform Znode has partnered with cloud-based business tax compliance automation platform Avalara to support automated Value Added Tax (VAT) compliance, according to a...

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Wise’s Käärmann Faces Sanctions from UK’s FCA
Wise’s Käärmann Faces Sanctions from UK’s FCA
October 01, 2021  |  Taxes

Kristo Käärmann, CEO and co-founder of money transfer firm Wise, may face sanctions in the U.K. for a tax violation that could see him banned...

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Europe’s New Cross-Border Tax Rules Are Coming and Cloud-Compliance Is Key
Europe’s New Cross-Border Tax Rules Are Coming and Cloud-Compliance Is Key
September 27, 2021  |  Taxes

It’s often said that “nothing is certain but death and taxes” – but that quip could also include changes in tax laws, as the revisions...

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Banking Groups Ask US House to Kill Proposed Account Reporting
Banking Groups Ask US House to Kill Proposed Account Reporting
September 19, 2021  |  Bank Regulation

U.S. banking lobby groups want to nix a proposal for bank account reporting that’s part of the congressional reconciliation package. The groups, in a letter...

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Yellen Asks Congress to Make Banks Report Taxpayer Cash Flows to IRS
Yellen Asks Congress to Make Banks Report Taxpayer Cash Flows to IRS
September 16, 2021  |  Taxes

Treasury Secretary Janet Yellen and IRS commissioner Charles Rettig have been pressuring lawmakers to give the IRS more information on taxpayers’ bank accounts. The Wall...

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House Bill Would Impose ‘Wash Sale’ Securities Rule on Crypto
House Bill Would Impose ‘Wash Sale’ Securities Rule on Crypto
September 15, 2021  |  Cryptocurrency

House Democrats are putting forward legislation that will help close a tax loophole for cryptocurrency investors, making it so crypto is subject to anti-abuse rules...

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New Partnership to Meet the Challenges of Global eInvoicing, Intercompany Automation
New Partnership to Meet the Challenges of Global eInvoicing, Intercompany Automation
September 09, 2021  |  B2B Payments

Coping with tax-mandated eInvoicing may be challenging for companies that work on an international scale, but in meeting those mandates there’s a silver lining of...

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CBO: Biden’s IRS Proposal Could Yield About $200B in Revenue
CBO: Biden’s IRS Proposal Could Yield About $200B in Revenue
September 03, 2021  |  Taxes

The Congressional Budget Office (CBO) says it has concluded its analysis of a proposal by the White House to increase spending on IRS enforcement activity...

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IRS: Bank Reporting Data Key To Addressing Tax Evasion
IRS: Bank Reporting Data Key To Addressing Tax Evasion
September 02, 2021  |  Taxes

In a letter to Sen. Elizabeth Warren (D-Mass.) IRS Commissioner Charles Rettig said requiring banks to provide insight into customers’ transaction history could help the...

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