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. Both parties are looking at bipartisan ways to keep workers employed and prevent businesses from shutting down. Under the...
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,...
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. The IRS still uses a lot of antiquated equipment, including much work done on paper,...
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....
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. The idea, officials with the The Organisation for Economic Cooperation and Development (OECD) said, would be to tax Google and...
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). The website for months, cached back to at least October according to digital references, had a section...
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....
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...
There are certain years (and events) that represent significant shifts in business, where there was a way things were done — until everything changed. In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara, said 2019 represented a watershed year...