Taxes

Taxes is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Taxes
Accenture Wins Spot on IRS Modernization Program
May 24, 2023

Accenture Federal Services has won a position on an Internal Revenue Service (IRS) blanket purchase agreement with a ceiling value of $2.6 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Taxes
‘Windfall Tax’ on Banks and Energy Companies Could Bring Spain $6B
February 22, 2023

Spain’s government expects to raise $6.3 billion from its “windfall tax” on banks and energy companies. 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...

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

The Internal Revenue Service (IRS) has delayed implementing a lower threshold for the 1099-K form.  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 Today....

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

Following slow progress on international agreements, France has doubled down on its digital service tax. 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,...

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

Gig workers and small business owners are reportedly using the payment service Zelle to avoid declaring taxable earnings to the IRS.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

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

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 British tax regime that will seek to plug a 60 billion pound ($68.7 billion) hole in the public finances. Get...

Taxes
Tanzania Backtracks as Mobile Money Levy Proves Unpopular Across African Markets
September 28, 2022

In recent years, several African countries where mobile money transactions are a popular means of payments have introduced levies on digital transactions, much to the dismay of local consumers and small businesses hit the hardest. Get the Full Story Complete the form to unlock this...

Taxes
Government Unfazed as Multisector ‘Windfall Tax’ Draws Ire of Spanish Banks
August 23, 2022

As European economies seek shelter from inflation, governments across the continent are turning to windfall taxes — aimed at an industry that is perceived to have profited from a sudden increase in income — as a way to fund initiatives and alleviate some of the...

Taxes
Americans Earning More Interest on Late Tax Refunds
May 09, 2022

The Internal Revenue Service is set to pay billions in interest to tax filers as it struggles to process tax refunds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...