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

UK Asks For Input On VAT Challenges Created By The Sharing Economy
UK Asks For Input On VAT Challenges Created By The Sharing Economy
December 09, 2020  |  International

The United Kingdom’s economic and finance ministry, HM Treasury, seeks input on the challenges that the sharing economy creates for value-added tax (VAT). In a...

READ MORE >
Big Tech Compliance Tracker: UK Regulators To Form Digital Markets Unit; Italy Fines Apple $10 Million Over Claims About iPhone Water Resistance
Big Tech Compliance Tracker: UK Regulators To Form Digital Markets Unit; Italy Fines Apple $10...
December 07, 2020  |  Regulation

Here’s the latest news from the technology industry, which is coming under increasing scrutiny from governments around the world. UK Regulations to Create New Digital...

READ MORE >
Bitcoin Daily: India Eyes Crypto Income Tax; Ripple Unloads $15.3 Million In MoneyGram Stock
Bitcoin Daily: India Eyes Crypto Income Tax; Ripple Unloads $15.3 Million In MoneyGram Stock
December 06, 2020  |  Bitcoin

India’s income tax authority is considering taxing profits made on bitcoin investments, CoinDesk reported, citing The Economic Times. The tax department has been tracking those...

READ MORE >
Intuit Closes $8.1 Billion Dollar Deal For Credit Karma
Intuit Closes $8.1 Billion Dollar Deal For Credit Karma
December 03, 2020  |  Partnerships / Acquisitions

It’s a wrap for Intuit’s multibillion-dollar acquisition of Credit Karma. The company said on Thursday (Dec. 3) that it has completed its $8.1 billion acquisition...

READ MORE >
Canada Seeks Digital Tax On Google, Netflix And Other Global Web Giants
Canada Seeks Digital Tax On Google, Netflix And Other Global Web Giants
December 02, 2020  |  Taxes

Facing a growing budget deficit and the cries from local businesses about fairness, the Canadian government is proposing a new digital tax on foreign web...

READ MORE >
Nations Move Toward Imposing ‘Digital Taxes’ On Big Tech
Nations Move Toward Imposing ‘Digital Taxes’ On Big Tech
December 01, 2020  |  Taxes

Governments around the world are setting their sights on putting a variety of digital taxes on Big Tech giants. Here’s a look at some of...

READ MORE >
Big Tech Compliance Tracker: Facebook Faces $6.06 Million Fine From South Korea; Big Tech Tax Becomes Due In France
Big Tech Compliance Tracker: Facebook Faces $6.06 Million Fine From South Korea; Big Tech Tax...
November 30, 2020  |  Regulation

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from legislators and government agencies throughout the world. Facebook Fined...

READ MORE >
Big Tech Digital Service Tax Comes Due In France
Big Tech Digital Service Tax Comes Due In France
November 25, 2020  |  International

The French Finance Ministry has advised big technology companies that the Digital Service Tax is now due, according to a Reuters report on Wednesday (Nov....

READ MORE >
French Officials And Biden Team Set To Talk On Trade, Taxes
French Officials And Biden Team Set To Talk On Trade, Taxes
November 24, 2020  |  International

European nations are hoping that an expected thaw in their relations with the U.S., after the change of administrations, will include an agreement over taxing...

READ MORE >