eCommerce giant Amazon and presidential candidate Joe Biden have taken to Twitter in a squabble over taxes. On Friday (May 22), Biden told CNBC that Amazon “should start paying their taxes.” “I don’t think any company, I don’t give a damn how big they are,...
Corporate accounting standards are headed for more changes after the International Accounting Standards Board (IASB) proposed changes to how businesses report operating profit, the Financial Times said on Tuesday (Dec. 17). According to reports, the IASB is seeking revisions in accounting standards to clarify performance...
The Group of 20 finance ministers said over the weekend that they will come up with common rules to prevent tech companies from using tactics to lower taxes. Reuters, citing a communique issued by the Group of 20 finance ministers, reported that the moves are...
If the world of cryptocurrencies is relatively nascent, unformed, without a clear roadmap … guess what else is equally opaque? Tax policy. Specifically, as Fortune points out, some of the biggest investors in the sphere are scratching their proverbial heads, wondering how much is owed...
March 06, 2024
It’s March — and for many corporations and government agencies, the race is on to file a complete accounting, particularly with Form 1042-S, with the IRS. Wendy Walker, solution principal at Sovos, told PYMNTS that companies operating on an international basis grapple with ongoing challenges of reporting and reconciliation. As she explained, Form 1042-S reports […]
May 25, 2020
eCommerce giant Amazon and presidential candidate Joe Biden have taken to Twitter in a squabble over taxes. On Friday (May 22), Biden told CNBC that Amazon “should start paying their taxes.” “I don’t think any company, I don’t give a damn how big they are, the Lord Almighty, should absolutely be in a position where […]
June 10, 2019
The Group of 20 finance ministers said over the weekend that they will come up with common rules to prevent tech companies from using tactics to lower taxes. Reuters, citing...
August 09, 2018
IKEA has priced its furniture even lower in India to lure customers to its first store in the country this week. The company is pulling out all the stops to make...
March 30, 2018
U.S. President Donald Trump threw out a slew of accusations against Amazon via Twitter on Thursday, but couldn’t share any evidence of his claims or the actions he might take against...
