In commerce, when it comes to taxes, new business models beget new (tax) problems. 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 daily newsletter, PYMNTS...
New Jersey’s Department of Labor and Workforce Development claims that Uber owes the state around $650 million in unemployment and disability insurance taxes because it has been wrongly classifying its drivers as independent contractors. The department recently sent letters to Uber and its subsidiary Rasier,...
The tax man looms across state and international borders, searching for digitally derived dollars due — scanning sites, platforms and even pop-up stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Last year a Supreme Court ruling changed the way eCommerce firms collect taxes. It’s a patchquilt of state by state mandates, and a landmine for firms leery of running afoul of shifting policies. Greg Chapman, senior vice president of business development at Avalara, tells PYMNTS...
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
H&R Block and Intuit, the maker of TurboTax software, are facing calls from lawmakers for the Internal Revenue Service to cancel agreements with the companies and launch an investigation into their business practices. Get the Full Story Complete the form to unlock this article and...
To paraphrase an old investment ad campaign: “When Charlie Munger speaks, people listen.” After all, Munger has had a storied career spanning decades with Warren Buffett, is a billionaire and as vice chairman of Berkshire Hathaway has a platform to discuss all manner of public...
France and Germany have come up with a compromise for a European Union (EU)-wide digital tax, abandoning a wide-ranging 3 percent tax on revenues generated by ad sales in the digital economy. According to the Financial Times (FT), the new version would target tech giants like Facebook...
The Internal Revenue Service (IRS) is paying $1.7 million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
