Tag Archives: tax

Apple and Ireland win European appeal over multi-billion tax deal

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Europe’s second-highest court has ruled that Apple’s so-called “sweetheart deal” with the Irish tax authorities was not illegal. The General Court of the European Union has ruled that, because the EU could not prove that Apple was given preferential...

UK to levy additional tax on big tech companies beginning April 1st

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The UK's two percent tax on large, multinational tech companies goes into effect on April 1st. As much as big tech companies in the US may object, this is not an April Fools' Day joke. Unsurprisingly, the US government strongly objects.

TurboTax maker Intuit buys Credit Karma to corner personal financial data

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Intuit wants to manage more of your financial data. The TurboTax developer has bought Credit Karma, best known for helping people track and control their credit, for $7.1 billion in cash and stock. It intends to use Credit Karma to craft a "personali...

The IRS won’t ask you to report ‘Fortnite’ V-Bucks on tax returns

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Don't worry, you won't have to factor in-game currency into your taxes... at least, not yet. The IRS has removed a guideline (cached here) from October that treated Fortnite's V-Bucks, Roblox's Robux and other in-game currencies with real monetary va...

Tax prep companies can’t hide their free filing software from Google anymore

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This week, the Internal Revenue Service (IRS) announced changes that will hopefully make it less stressful for a lot of Americans to file their taxes in 2020. In an addendum to the almost 20-year-old Free File agreement, the agency has put new protec...

Uber has to pay New Jersey nearly $650 million in employment taxes

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Uber may insist that its drivers are contractors and not employees, but New Jersey isn't buying that argument. The state's labor department has slapped Uber and its Rasier subsidiary with a nearly $650 million bill for overdue unemployment and disabi...

G20 leaders will discuss raising taxes for big tech firms next week

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For years, European countries have been grappling with how to get big tech firms to pay more taxes. They've proposed interim taxes on revenues, suggested global minimum taxes and slapped companies with hefty fines. We may be getting closer to a solut...