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

IRS Backs Off Fortnite Gaming Currency As Reportable Income

IRS Backs Off Fortnite Gaming Currency As Reportable Income
IRS Backs Off Fortnite Gaming Currency As Reportable Income
February 14, 2020  |  Taxes

A section of the IRS website telling people that the online currency from the popular game Fortnite was subject to federal taxes has been removed as...

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Aussie Tax Office Warns SMBs To Pay Up
Aussie Tax Office Warns SMBs To Pay Up
February 12, 2020  |  B2B Payments

The Australian Taxation Office (ATO) is warning small and medium-sized businesses (SMBs) that if they don’t pay their taxes on time, they could face consequences...

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Amazon (And Others) Brace For India’s New eCommerce Tax
Amazon (And Others) Brace For India’s New eCommerce Tax
February 10, 2020  |  Taxes

The jousting over eCommerce taxes — especially for U.S. firms operating on an international scale — is about to get more heated. Last week in...

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Reuters, KPMG Team For Aussie Business Taxes
Reuters, KPMG Team For Aussie Business Taxes
February 06, 2020  |  B2B Payments

Business information firm Thomson Reuters is teaming up with global tax company KPMG to offer Australia businesses a solution to deal with fringe benefits taxes...

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Swiss Ski Resort Accepts Bitcoin For Taxes
Swiss Ski Resort Accepts Bitcoin For Taxes
January 30, 2020  |  Bitcoin

Zermatt, a ski resort town of 5,400 residents in Switzerland, has decreed that cryptocurrency bitcoin can now be utilized to pay taxes and other government...

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France Tax Authorities Demand Data From Airbnb
France Tax Authorities Demand Data From Airbnb
January 29, 2020  |  International

Airbnb is facing a deadline to send data to French tax authorities over a law that compels marketplaces to provide revenue and other company information...

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Deep Dive: How Firms Can Avoid Costly Mistakes Come Tax Season
Deep Dive: How Firms Can Avoid Costly Mistakes Come Tax Season
January 29, 2020  |  Spend Management

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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In South Korea, Treating (And Taxing) Crypto Gains As Income
In South Korea, Treating (And Taxing) Crypto Gains As Income
January 21, 2020  |  Cryptocurrency

To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of course). Get the...

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Will eSports And Other Online Businesses Spike Digital Taxes?
Will eSports And Other Online Businesses Spike Digital Taxes?
January 17, 2020  |  Taxes

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the...

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