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 Rule Delay Means P2P, Gig Economy Platform Volumes Will Surge
IRS Rule Delay Means P2P, Gig Economy Platform Volumes Will Surge
January 11, 2023  |  Gig Economy

The new tax rules have been delayed — and nothing’s certain — so P2P will continue to be a gig economy mainstay. And amid the...

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Fifth Third Bank Speeds Tax Refunds With Early Pay Service
Fifth Third Bank Speeds Tax Refunds With Early Pay Service
January 09, 2023  |  Banking

Fifth Third Bank will provide customers with their federal tax refund up to five days earlier. The bank said in a Monday (Jan. 9) press...

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Italy’s 26% Crypto Tax Signals Dwindling Band of Global Havens
Italy’s 26% Crypto Tax Signals Dwindling Band of Global Havens
January 03, 2023  |  Cryptocurrency

Italy’s 26% crypto tax shines a light on different global approaches to crypto taxation. When crypto assets first exploded onto the world stage, governments scrambled...

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Italy Imposes 26% Crypto Tax
Italy Imposes 26% Crypto Tax
December 30, 2022  |  Cryptocurrency

Italy’s new crypto tax is set to impose a 26% capital gains levy on traders. The tax on crypto traders is set to go into...

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MicroStrategy Cites Tax Benefits in Recent Bitcoin Buying and Selling
MicroStrategy Cites Tax Benefits in Recent Bitcoin Buying and Selling
December 28, 2022  |  Cryptocurrency

MicroStrategy has cited tax benefits as the reason for its recent buying and selling of bitcoin. The firm — which develops enterprise software but is...

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IRS Punts on 1099-K Wage Threshold
IRS Punts on 1099-K Wage Threshold
December 23, 2022  |  Taxes

The Internal Revenue Service (IRS) has delayed implementing a lower threshold for the 1099-K form.  In a Friday (Dec. 23) press release, the agency said that the lower...

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2023 Budget Strengthens France’s Ability to Tax Big Tech
2023 Budget Strengthens France’s Ability to Tax Big Tech
December 12, 2022  |  Taxes

Following slow progress on international agreements, France has doubled down on its digital service tax. First announced in 2019 and implemented in 2020, the digital...

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Crypto Firms May Have to Report EU Tax Evaders
Crypto Firms May Have to Report EU Tax Evaders
December 08, 2022  |  Cryptocurrency

The EU has proposed new tax transparency rules for crypto transactions. During a press conference on Thursday (Dec. 8), Paolo Gentiloni, the EU commissioner for...

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Zelle Says Its Service ‘Not Subject’ to IRS Reporting
Zelle Says Its Service ‘Not Subject’ to IRS Reporting
November 07, 2022  |  Taxes

Gig workers and small business owners are reportedly using the payment service Zelle to avoid declaring taxable earnings to the IRS.  While users of Zelle...

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