Taxes

Taxes
Fisticuffs Fly in Ghana Parliament During Electronic Payments Tax Debate
December 22, 2021

Ghana lawmakers let their fists fly Monday (Dec. 20) during a parliamentary debate on a proposed electronic payments tax that has become a lightning rod since the discussion began several weeks ago, according to a Reuters report. Get the Full Story Complete the form to...

Taxes
Credit Karma Integrates With TurboTax for Faster Refunds
December 20, 2021

Finance firm Credit Karma is integrating with TurboTax to make filing tax returns easier and getting refunds faster, according to a Monday (Dec. 20) press release. Both companies are owned by Intuit. Get the Full Story Complete the form to unlock this article and enjoy...

Taxes
UK Crypto Exchanges Face 2% Tax, Not Exempt Since Country Doesn’t Recognize Digital Assets
November 28, 2021

U.K.-based crypto exchanges will now have to pay a new digital service tax after an update to the regulations for Her Majesty’s Revenue and Customs (HMRC), a report from Finbold says. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Taxes
Argentina Releases Decree to Tax Crypto Exchanges, Transactions
November 19, 2021

Most cryptocurrency transactions and exchanges will be subject to taxation in Argentina after the government clarified and updated new rules limiting tax exemptions to third-party payment service providers, according to multiple reports. Get the Full Story Complete the form to unlock this article and enjoy...

Taxes
IRS Tightens Rules for Digital Business Payments
November 10, 2021

For consumers who use services like PayPal, Venmo or Square to conduct business, next year’s tax season could be a lot more complicated. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Taxes
Biden Pulls Back on IRS Bank Account Tracking Proposal
October 20, 2021

The controversial proposal by the Biden administration to grant the IRS the power to track bank accounts with more than $600 in annual transactions is now being revisited, following pushback by Republicans and banking lobbyists who called the move an invasion of privacy by the...

Taxes
Wise’s Käärmann Faces Sanctions from UK’s FCA
October 01, 2021

Kristo Käärmann, CEO and co-founder of money transfer firm Wise, may face sanctions in the U.K. for a tax violation that could see him banned from the industry. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Taxes
Europe’s New Cross-Border Tax Rules Are Coming and Cloud-Compliance Is Key
September 27, 2021

It’s often said that “nothing is certain but death and taxes” – but that quip could also include changes in tax laws, as the revisions in local, state and federal jurisdictions seem never-ending. Get the Full Story Complete the form to unlock this article and...

Taxes
Yellen Asks Congress to Make Banks Report Taxpayer Cash Flows to IRS
September 16, 2021

Treasury Secretary Janet Yellen and IRS commissioner Charles Rettig have been pressuring lawmakers to give the IRS more information on taxpayers’ bank accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...