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...
The Internal Revenue Service is set to pay billions in interest to tax filers as it struggles to process tax refunds. That’s according to a Monday (May 9) report from the Wall Street Journal, which noted that the IRS has raised the rates it pays...
This week marks the launch of Ghana’s “eLevy,” a 1.5% tax on all mobile money transactions higher than 100 Ghanaian cedis (about $13). But as the BBC reported Sunday (May 1), the tax — which applies to bank transfers and remittances as well — has...
Tax Day 2023 is nearly a year away, but Verizon wants fleet-based businesses to have ample time to prepare. To that end, the telecom company announced in a Tuesday (April 19) press release a new collaboration between Verizon Connect — the company’s fleet management unit...
The federal Internal Revenue Service is investigating whether American Express sales staff gave faulty tax guidance to potential customers in an effort to sell them payment card-related services, the Wall Street Journal reported. The pitch, according to the Journal, which reported its use in November,...
The world’s biggest online platforms could be assessed an annual fee of up to 0.1% of yearly net income to cover costs to regulate compliance with European Union (EU) rules requiring them to police their content, Reuters reported Tuesday (April 5). The Digital Services Act...
Airbnb Inc. found a home for more than $1.5 billion in tourism taxes last year in every U.S. state, the District of Columbia and Puerto Rico, the California-based online marketplace for lodging announced Thursday (March 17). Despite the limitations placed by the pandemic, Airbnb achieved...
Following a $10 million seed round, tax platform April began operations Tuesday (Jan. 18) with the backing of financial institutions (FIs) that include Propel. The company says its platform uses “the latest in natural language processing and human-assisted AI” and a personalized engine to give...
A company owned by the cryptocurrency exchange Binance is one of the targets in India’s ongoing crackdown on alleged tax evaders, Bloomberg reported Monday (Jan. 3). Binance’s local firm WazirX is under investigation by the goods and service tax (GST) authority in Mumbai, after the...