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

EU Remains Resilient As VAT U-Turn Threatens UK Luxury Retail Revenue
EU Remains Resilient As VAT U-Turn Threatens UK Luxury Retail Revenue
October 24, 2022  |  Retail

Dek: The decision to scrap a VAT exemption for travelers to the U.K. will be felt most by the country’s luxury retailers, which are largely...

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FDIC Chair: Stablecoins Could Bring Bank Consolidation, Disintermediation
FDIC Chair: Stablecoins Could Bring Bank Consolidation, Disintermediation
October 20, 2022  |  Cryptocurrency

Stablecoins have the potential to “fundamentally alter the landscape of banking,” the head of the Federal Deposit Insurance Corporation said in a speech on Thursday...

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Portugal Proposes New Taxes on Crypto Transactions
Portugal Proposes New Taxes on Crypto Transactions
October 10, 2022  |  Cryptocurrency

Portugal wants to begin taxing digital currency gains on purchases held for less than a year, according to a proposal in the country’s 2023 budget....

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Tanzania Backtracks as Mobile Money Levy Proves Unpopular Across African Markets
Tanzania Backtracks as Mobile Money Levy Proves Unpopular Across African Markets
September 28, 2022  |  Taxes

In recent years, several African countries where mobile money transactions are a popular means of payments have introduced levies on digital transactions, much to the...

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UK Tempts Tourists With Tax-Free Shopping
UK Tempts Tourists With Tax-Free Shopping
September 23, 2022  |  Retail

Retailers in the U.K. can roll out the tax-free welcome mat to overseas visitors now that the region has re-instituted the tourist perk in hopes...

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HR Company TriNet Buys Clarus R+D to Help SMBs Gain R&D Tax Credits
HR Company TriNet Buys Clarus R+D to Help SMBs Gain R&D Tax Credits
September 06, 2022  |  Acquisitions

Human resources (HR) solutions provider TriNet has acquired Clarus R+D Solutions, saying this will expand the range of solutions it offers to include simplifying the...

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Washington, DC Suing MicroStrategy Co-Founder for Tax Evasion
Washington, DC Suing MicroStrategy Co-Founder for Tax Evasion
August 31, 2022  |  Legal

Washington, D.C. is suing technology executive Michael J. Saylor and data tracking company MicroStrategy — which Saylor co-founded — alleging that Saylor evaded D.C. income...

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Japan’s Financial Regulator Wants to Ease Crypto Tax Rules
Japan’s Financial Regulator Wants to Ease Crypto Tax Rules
August 31, 2022  |  Cryptocurrency

Japan’s Financial Services Agency is calling for less stringent corporate tax rules for cryptocurrency assets and individual stock investors. Get the Full Story Complete the...

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Data brief: Managing Taxes Is Biggest Headache of Nearly 50% of Firms Hiring Internationally
Data brief: Managing Taxes Is Biggest Headache of Nearly 50% of Firms Hiring Internationally
August 30, 2022  |  Cross-border Payments

In 2021, United Kingdom businesses turned to hiring internationally to expand into new markets and tap into the worldwide talent pool. But firms soon realized...

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