Taxes

Taxes is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Taxes
Giant Online Platforms Could Face Enforcement Fee Under EU Rules
April 05, 2022

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). Get the Full Story...

Taxes
AirBnB Paid $1.5B in 2021 Tourism Taxes to U.S. States
March 17, 2022

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). Get the Full Story Complete the form to unlock...

Taxes
Tax Platform April Wants to Give Users Faster Refunds
January 18, 2022

Following a $10 million seed round, tax platform April began operations Tuesday (Jan. 18) with the backing of financial institutions (FIs) that include Propel. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Taxes
Binance’s WazirX Targeted in Indian Tax Probe
January 03, 2022

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). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Taxes
Fisticuffs Fly in Ghana Parliament During Electronic Payments Tax Debate
December 22, 2021

Ghana lawmakers let their fists fly Monday (Dec. 20) during a parliamentary debate on a proposed electronic payments tax that has become a lightning rod since the discussion began several weeks ago, according to a Reuters report. Get the Full Story Complete the form to...

Taxes
Credit Karma Integrates With TurboTax for Faster Refunds
December 20, 2021

Finance firm Credit Karma is integrating with TurboTax to make filing tax returns easier and getting refunds faster, according to a Monday (Dec. 20) press release. Both companies are owned by Intuit. Get the Full Story Complete the form to unlock this article and enjoy...

Taxes
UK Crypto Exchanges Face 2% Tax, Not Exempt Since Country Doesn’t Recognize Digital Assets
November 28, 2021

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...

Taxes
Argentina Releases Decree to Tax Crypto Exchanges, Transactions
November 19, 2021

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...

Taxes
IRS Tightens Rules for Digital Business Payments
November 10, 2021

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...