Is it happening? Is it not happening? After years of back and forth, it looks like the new tax on tech giants in France is about to become a law. Big tech companies that generate significant revenue in France will be taxed on their revenue generated in France. France’s Economy Minister Bruno Le Maire has […]
View More France’s tax on tech giants is happeningCategory: tax
Apple to pay France $571 million in taxes, report says
Apple has agreed to pay 500 million euros ($571 million) to France in back tax, Reuters reported Tuesday.
Apple confirmed the agreement, but would not disclose the exact amount.
“The French tax administration recently concluded a multi-year audit on the company’s French accounts, and those details will be published in our public accounts,” the company told Reuters.
French outlet L’Express reported Tuesday that the deal stems from Tim Cook’s visit to France back in October 2018. According to L’Express, France was especially interested in low revenue reported (and, subsequently, low taxes paid) by Apple France in the last ten years. A deal was finally reached in December last year, the outlet claims. Read more…
More about Apple, France, Tax, Tech, and Big Tech Companies
PSA: File your US tax return before scammers steal your refund
It’s tax season! You know what that means? It’s scamming season, too. You might have heard this story before. A scammer starts by spoofing an email pretending to be the chief executive of a company, angrily demanding that someone in accounting or human resources immediately sends over their employees’ W-2 forms “or there will be trouble!” […]
View More PSA: File your US tax return before scammers steal your refundPitching a $99 tax advisory service for the masses, Visor has raised $9 million
The only sure things in this life, according to Ben Franklin, are death and taxes. And a new startup called Visor has just raised $9 million in financing to make one of them as painless as possible. Unlike Nectome, Visor won’t kill anyone, but it may ring the death knell for the high end tax advisors that most […]
View More Pitching a $99 tax advisory service for the masses, Visor has raised $9 millionIRS can do more to protect against tax fraudsters, watchdog says
A government watchdog has said that the Internal Revenue Service could do more to prevent tax fraud if it invested more money in ensuring that the identities of taxpayers are properly verified. From the IRS’ own data, fraudsters scammed the agency out of at least $1.6 billion in tax refunds during the 2016 tax season […]
View More IRS can do more to protect against tax fraudsters, watchdog saysApple’s messy Ireland situation has ended with a €14 billion payout
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Apple’s tax relationship with Ireland has been making headlines for years now.
Ever since the establishment of the so-called “sweetheart deal“, which allowed Apple to pay tax that sometimes fell as low as 0.05 percent in the country, the arrangement has been raising questions.
These questions led to the EU Commission concluding, back in 2016, that “Ireland gave illegal tax benefits to Apple worth up to €13 billion”.
Well, flash forward to September 18, 2018, and the company has paid up.
Today Irish Minister of Finance @Paschald confirmed the full recovery of €14 bn of illegal aid to Apple (unpaid taxes). Good. So we can close the Court action on recovery.
— Margrethe Vestager (@vestager) September 18, 2018 Read more…
More about Apple, Ireland, Tax, Tech, and Big Tech Companies
View More Apple’s messy Ireland situation has ended with a €14 billion payoutApple has finished paying $15 billion European fine
Apple has finished wiring billions of euros to pay back illegal tax benefits to the Irish government according to Reuters. Overall, Apple has paid $15.3 billion (€13.1 billion) for the original fine as well as $1.4 billion (€1.2 billion) in interests. In August 2016 the European Commission ruled that Apple benefited from illegal tax benefits […]
View More Apple has finished paying $15 billion European fineTrump just noticed Europe’s $5BN antitrust fine for Google
In other news bears shit in the woods. In today’s second day Trump news: President ‘The Donald’ has seized, belatedly, on the European Commission’s announcement yesterday that it had found Google guilty of three types of illegal antitrust behavior with its Android OS since 2011 and was fining the company $5 billion; a record breaking penalty […]
View More Trump just noticed Europe’s $5BN antitrust fine for GoogleStates will be able to charge sales tax on online purchases thanks to the Supreme Court
In a five-to-four decision issued today, the Supreme Court ruled that states can make online businesses collect sales taxes — even if they don’t have a physical presence in that state. Today’s ruling overturns a decision from the Court in 1992 that paved the way for the explosion of online retail in the United States. […]
View More States will be able to charge sales tax on online purchases thanks to the Supreme CourtAustralians will no longer be able to order from Amazon’s American site
Starting in July, Australians will be blocked from ordering items on Amazon’s United States site. The company said today that shoppers in Australia will be redirected to its local site, Amazon.com.au, and that its international sites, including Amazon.com, will no longer ship to Australian addresses. The change is in response to a new tax regulation […]
View More Australians will no longer be able to order from Amazon’s American siteApple started paying $15 billion European tax fine
It took a couple of years, but Apple has started to pay back illegal tax benefits to the Irish government. The company has paid $1.77 billion (€1.5 billion) into an escrow account designed to hold the fine. Apple has to pay $15 billion in total (€13 billion). In August 2016, the European Commission said that […]
View More Apple started paying $15 billion European tax fineIRS payment site crashes on tax day
Twitter’s brief morning outage was stressful enough — but those who’ve waited until the last possible moment to pay their tax bills have a much more distressing site crash to worry about: The Internal Revenue Service’s Direct pay site is down the day taxes are due. It’s been experiencing issues for a number of hours […]
View More IRS payment site crashes on tax day