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
EU’s Post-Pandemic Recovery Fund Will Hit Most Firms With New Taxes
July 02, 2021

The European Union’s (EU) European Commission (EC) is instituting a new business tax to benefit the Post-Pandemic Recovery Fund, U.S. News reported on Friday (July 2). The levy will apply to numerous companies, most being European, executive vice-president Margrethe Vestager said. Get the Full Story...

Taxes
Hike In ID Fraud Causes Delays In US Tax Refunds, Stimulus Checks
June 13, 2021

Identity thieves are inflicting pain not only on victims, but on taxpayers whose refunds have been delayed by IRS security protocols the criminals have made necessary, data contained in the agency’s Taxpayer Advocate’s recent annual report to Congress indicates. Get the Full Story Complete the...

Taxes
Stripe Launches Global Tax Compliance Service
June 10, 2021

Stripe launched its own tax compliance service for businesses in more than 30 countries around the world Thursday (June 10), the FinTech announced in a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Taxes
IRS Seeks Ways To Access Digital Currency Wallets Under Criminal Investigation
April 30, 2021

U.S. tax authorities want assistance with accessing digital currency hardware wallets, Vice reported Thursday (April 29), citing a document published on the agency website in March 2021. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Taxes
Tax Refunds Could Be Delayed Amid IRS Backlog Of Unprocessed Returns
March 24, 2021

The IRS has been swamped with a backlog of unprocessed tax returns amid the pandemic that could delay tax refunds, according to a report from the Treasury Inspector General For Tax Administration. Get the Full Story Complete the form to unlock this article and enjoy...

Taxes
Taxpayers Can Now Pay In Cash Online With New ACI Worldwide, IRS Offer
March 02, 2021

ACI Worldwide and the Internal Revenue Service (IRS) have expanded their partnership to offer consumers a new payment option that allows them to pay their taxes online with cash. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Taxes
Maryland Passes First US Tax On Digital Ads
February 15, 2021

Maryland lawmakers Friday threw the tax gauntlet down in front of Big Tech. 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 daily newsletter, PYMNTS Today....

Taxes
UK Considers Tax Hike On eComm Firms Powering Pandemic’s Digital Shift
February 07, 2021

British lawmakers are exploring levying an extra tax on companies that benefited from COVID-19 and have summoned executives from major firms that could be affected by such a measure for meetings to discuss the matter, London’s The Sunday Times reported. Get the Full Story Complete...

Taxes
New York State Tax Revenue Drops 10 Pct In 2020
February 03, 2021

Local government sales tax collections dropped 10 percent in 2020, according to a press release from the state comptroller. 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...