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

MicroStrategy Cites Tax Benefits in Recent Bitcoin Buying and Selling
MicroStrategy Cites Tax Benefits in Recent Bitcoin Buying and Selling
December 28, 2022  |  Cryptocurrency

MicroStrategy has cited tax benefits as the reason for its recent buying and selling of bitcoin. The firm — which develops enterprise software but is...

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IRS Punts on 1099-K Wage Threshold
IRS Punts on 1099-K Wage Threshold
December 23, 2022  |  Taxes

The Internal Revenue Service (IRS) has delayed implementing a lower threshold for the 1099-K form.  In a Friday (Dec. 23) press release, the agency said that the lower...

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2023 Budget Strengthens France’s Ability to Tax Big Tech
2023 Budget Strengthens France’s Ability to Tax Big Tech
December 12, 2022  |  Taxes

Following slow progress on international agreements, France has doubled down on its digital service tax. First announced in 2019 and implemented in 2020, the digital...

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Crypto Firms May Have to Report EU Tax Evaders
Crypto Firms May Have to Report EU Tax Evaders
December 08, 2022  |  Cryptocurrency

The EU has proposed new tax transparency rules for crypto transactions. During a press conference on Thursday (Dec. 8), Paolo Gentiloni, the EU commissioner for...

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Zelle Says Its Service ‘Not Subject’ to IRS Reporting
Zelle Says Its Service ‘Not Subject’ to IRS Reporting
November 07, 2022  |  Taxes

Gig workers and small business owners are reportedly using the payment service Zelle to avoid declaring taxable earnings to the IRS.  While users of Zelle...

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As Windfall Tax Calls Grow, ECB Warns of Impact on Cost of Credit
As Windfall Tax Calls Grow, ECB Warns of Impact on Cost of Credit
November 07, 2022  |  Taxes

As British Prime Minister Rishi Sunak’s government attempts to move on from the short-lived Truss tenure, all signs point toward a major realignment of the...

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Report: India’s Proposed Tax Changes May Impact Crypto Exchanges
Report: India’s Proposed Tax Changes May Impact Crypto Exchanges
November 02, 2022  |  Cryptocurrency

Proposed changes to the way income taxes are filed in India reportedly may affect people holding cryptocurrencies or virtual digital assets, those with investments in...

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UK Big 4 Beef Up Loan-Loss Reserves as Calls for Windfall Tax Intensify
UK Big 4 Beef Up Loan-Loss Reserves as Calls for Windfall Tax Intensify
November 01, 2022  |  Banking

Due to interest rate hikes by the Bank of England (BoE) this year, all four of the largest U.K. banks — HSBC, Barclays, NatWest and...

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Credit Suisse Settles French Tax Case for $235M
Credit Suisse Settles French Tax Case for $235M
October 24, 2022  |  AML

Credit Suisse will pay 238 million euros ($235 million) to settle a tax fraud and money laundering case in France. The agreement, announced by a...

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