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

Report: UK Tax Aimed At Facebook, Amazon, Google To Be Repealed
Report: UK Tax Aimed At Facebook, Amazon, Google To Be Repealed
August 23, 2020  |  Taxes

The U.K. is planning to repeal a tax targeting Facebook, Amazon and Google amid opposition from the President Donald Trump administration, the Daily Mail reported....

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IRS Sends Refund Interest Checks To 13.9 Million Taxpayers
IRS Sends Refund Interest Checks To 13.9 Million Taxpayers
August 18, 2020  |  Taxes

The U.S. Department of the Treasury and the IRS are planning to send out interest payments totaling $18 on average to 13.9 million Americans who...

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Bitcoin Daily: Venezuela May Collect Taxes In Crypto; Russian Agency Proposes AI To Track Crypto Transactions
Bitcoin Daily: Venezuela May Collect Taxes In Crypto; Russian Agency Proposes AI To Track Crypto...
August 12, 2020  |  Bitcoin

Venezuela may be going forward with a plan to allow the use of the Petro (PTR) cryptocurrency to pay taxes, according to Cointelegraph. A group...

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Will COVID And Fraud Finally Kill The Paper Check?
Will COVID And Fraud Finally Kill The Paper Check?
August 03, 2020  |  Digital Payments

PYMNTS has been writing for years about the ongoing push to #killthecheck, but paper checks live on because of their ubiquity of acceptance and simplicity...

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US Lawmakers Aim To Fix PPP Loophole That Could Cost SMBs Billions
US Lawmakers Aim To Fix PPP Loophole That Could Cost SMBs Billions
July 29, 2020  |  Loans

Lawmakers want to fix a mix-up in the economic relief CARES Act laws from March that could cost small businesses $120 billion in taxes, The...

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It’s Tax Day, But Paper Filers Might Not See Their Refunds Until 2021
It’s Tax Day, But Paper Filers Might Not See Their Refunds Until 2021
July 15, 2020  |  Taxes

Today (July 15) is Tax Day, and despite it coming three months later than normal due to COVID-19, several million Americans will be scrambling to...

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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand
Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand
July 13, 2020  |  Bitcoin

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. Lawmakers’ discussions established that the virtual assets can be...

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IRS Reminds Americans Taxes Due July 15
IRS Reminds Americans Taxes Due July 15
July 09, 2020  |  Taxes

For taxpayers who took advantage of the 90-day reprieve to file or pay taxes, the deadline is almost up. The Internal Revenue Service (IRS) has...

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Seattle OKs Head Tax Aimed At Big Business
Seattle OKs Head Tax Aimed At Big Business
July 07, 2020  |  Taxes

Seattle’s City Council passed a new tax for big businesses operating in the city, including Amazon, according to CNBC. The tax, called the JumpStart Seattle...

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