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...
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...
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...
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...
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...
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...
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...
The Congressional Budget Office (CBO) says it has concluded its analysis of a proposal by the White House to increase spending on IRS enforcement activity by $80 billion between 2022 and 2031. Get the Full Story Complete the form to unlock this article and enjoy...
In a letter to Sen. Elizabeth Warren (D-Mass.) IRS Commissioner Charles Rettig said requiring banks to provide insight into customers’ transaction history could help the federal government recoup missed taxes, CNBC reported on Thursday (Sept. 2). Get the Full Story Complete the form to unlock...
