Seattle’s City Council passed a new tax for big businesses operating in the city, including Amazon, according to CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
The number of tax audits on corporations plunged amid the pandemic, with the IRS saying in the National Taxpayer Advocate’s “Objectives Report to Congress” report for Fiscal Year 2021 that it began 716 corporate examinations from April 1 to June 1 this year compared to...
U.S. Treasury Secretary Steven Mnuchin said the deadline for taxes could be extended beyond the already elongated July 15 deadline, so as to help those affected by the pandemic’s economic turmoil, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock...
Beyond the challenges of the pandemic that is forcing businesses to grapple with all manner of operating challenges, tax complexity has been building over the years on a global stage — and it’s only going to increase. Get the Full Story Complete the form to...
Some Republicans are warming to the House Democrats’ plan that would provide businesses with a $194 billion employee retention tax credit, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
eCommerce giant Amazon and presidential candidate Joe Biden have taken to Twitter in a squabble over taxes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our...
Tax refund season has turned into a nightmare for the Internal Revenue Service (IRS), which now has whole storage units full of unopened refund requests as the pandemic drags on. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
It’s unprecedented. The federal tax filing deadline in 2020 has been waived in the wake of coronavirus disruptions. The president announced there will be no penalties or interest levied for late filing against those affected, and many states will certainly do the same. Amazing development....
G20 officials want to optimize taxes from tech giants like Google in a bid to help raise revenues in countries around the world, they said Sunday. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
