taxes

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

(source: en.wikipedia.org)

US Lawmakers Debate $70 Billion in Tax Breaks for Businesses, Families
US Lawmakers Debate $70 Billion in Tax Breaks for Businesses, Families
January 15, 2024  |  Economy

U.S. lawmakers are engaged in discussions over a potential deal that could provide $70 billion worth of tax breaks for businesses and families.  The proposal,...

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Sovos Acquires Aatrix to Enhance eFiling Capabilities
Sovos Acquires Aatrix to Enhance eFiling Capabilities
January 11, 2024  |  Acquisitions

Sovos, a global compliance technology solutions and services provider, acquired Aatrix Software, a company specializing in payroll tax forms. The move aims to enhance Sovos’...

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Thomson Reuters Offers $626 Million for eInvoicing Firm Pagero
Thomson Reuters Offers $626 Million for eInvoicing Firm Pagero
January 11, 2024  |  Acquisitions

Thomson Reuters plans to acquire Swedish eInvoicing firm Pagero for $626 million. The technology and content company said in a Thursday (Jan. 11) press release...

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Intuit Integrates TurboTax Into Credit Karma and QuickBooks
Intuit Integrates TurboTax Into Credit Karma and QuickBooks
January 08, 2024  |  Taxes

Intuit has integrated TurboTax into two of its other products: Credit Karma and QuickBooks. These integrations will streamline the tax preparation and filing process for...

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New Realities of Global Compliance Demand a New Approach
New Realities of Global Compliance Demand a New Approach
January 04, 2024  |  Opinion

PYMNTS asked industry executives across the payments and digital commerce landscape to give us their take on the pivotal shifts, technological advancements and strategies that...

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Spotify Withdraws Support From Music Festivals to Protest French Tax
Spotify Withdraws Support From Music Festivals to Protest French Tax
December 22, 2023  |  Streaming

Spotify has withdrawn its support from two music festivals in France in response to the country’s introduction of a new tax that is opposed by...

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FTX and IRS Battle Over $24 Billion Tax Claim
FTX and IRS Battle Over $24 Billion Tax Claim
December 12, 2023  |  Cryptocurrency

FTX Trading is reportedly currently locked in a legal dispute with the Internal Revenue Service (IRS) over a $24 billion tax claim. The outcome of...

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Tax Reporting Season Updates and Digital IDs Present Challenges for Businesses
Tax Reporting Season Updates and Digital IDs Present Challenges for Businesses
December 12, 2023  |  Taxes

Wendy Walker, solution principal at Sovos, said changes to IRS reporting that help identify firms may catch some businesses unaware.  As Walker illustrated in a...

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Intuit Adds Generative AI-Powered Tax Prep to TurboTax
Intuit Adds Generative AI-Powered Tax Prep to TurboTax
November 27, 2023  |  artificial intelligence

Intuit says the latest version of its TurboTax tool will embrace artificial intelligence. The new version of TurboTax Live Full Service, set to launch Thursday (Nov. 30),...

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