Taxes

Taxes
Bipartisan Tax Credit Measure Aims To Keep America Working
May 26, 2020

Some Republicans are warming to the House Democrats’ plan that would provide businesses with a $194 billion employee retention tax credit, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Taxes
Amazon Chides Biden On Tax Comment: ‘We Pay Every Cent’
May 25, 2020

eCommerce giant Amazon and presidential candidate Joe Biden have taken to Twitter in a squabble over taxes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...

Taxes
IRS Puts Tax Refunds In Storage As It Works On Stimulus Checks
April 21, 2020

Tax refund season has turned into a nightmare for the Internal Revenue Service (IRS), which now has whole storage units full of unopened refund requests as the pandemic drags on. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Taxes
Tax Time Tardiness And The Faster Refund
March 17, 2020

It’s unprecedented. The federal tax filing deadline in 2020 has been waived in the wake of coronavirus disruptions. The president announced there will be no penalties or interest levied for late filing against those affected, and many states will certainly do the same. Amazing development....

Taxes
G20 Determined To Change How Big Tech Is Taxed
February 23, 2020

G20 officials want to optimize taxes from tech giants like Google in a bid to help raise revenues in countries around the world, they said Sunday. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Taxes
IRS Backs Off Fortnite Gaming Currency As Reportable Income
February 14, 2020

A section of the IRS website telling people that the online currency from the popular game Fortnite was subject to federal taxes has been removed as of Wednesday (Feb.12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Taxes
Amazon (And Others) Brace For India’s New eCommerce Tax
February 10, 2020

The jousting over eCommerce taxes — especially for U.S. firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small....

Taxes
Will eSports And Other Online Businesses Spike Digital Taxes?
January 17, 2020

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment...

Taxes
Online Sales Tax’s ‘Pivotal,’ Post-Wayfair 2019 — And What Lies Ahead
January 03, 2020

There are certain years (and events) that represent significant shifts in business, where there was a way things were done — until everything changed. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...