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Gift Cards A Taxing Problem? Not Necessarily Says Tango Card CCO

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And when it comes to rewarding employees with a holiday or other work anniversary reward, the last thing businesses need is to have their generosity become a tax headache. However, he added, the tax implications should not exceed the cost and purpose of the present. Awesome … My Fourth Water Bottle. Shortcuts and Backfires.

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Bitcoin Daily: OCC: US National Banks Can Hold Digital Assets; S. Korea Eyes 20 Pct Tax On Crypto Trading

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The governmental body said that thrifts, along with state and national banks, have a lengthy history of offering custody and safekeeping for digital assets as well as tangible property. In other news, South Korea intends to levy a two-tenths tax on income made via digital currency transactions, The Block reported. 1 of next year.

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Aussie Tax Office Warns SMBs To Pay Up

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The Australian Taxation Office (ATO) is warning small and medium-sized businesses (SMBs) that if they don’t pay their taxes on time, they could face consequences like a reduction in credit rating, Mozo reported on Wednesday (Feb. percent of respondents said meeting tax payments promptly would create cash flow issues in their business.

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EU Will Not Implement Digital Tax, Agrees To Internet Tax Reform

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The European Union has announced that it will not move forward with a digital tax plan covering the entire EU, but also said it would look at reforming tax laws for internet companies, according to a report from Reuters. The global tax reform is being prepared by the Organisation for Economic Co-operation and Development (OECD).

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French Lower Parliament Passes Big Tech Tax Bill

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France’s lower parliament has passed a proposed tax that targets the revenue of tech giants like Google , Amazon and Facebook. Last month, France’s finance minister announced the 3 percent tax, which targets digital businesses with €750 million ($845 million USD) in global revenue and €25 million in domestic revenue.

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H&R Block Inks Tax Software Partnership With Walmart

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Tax preparation firm H&R Block announced Tuesday (Jan. Under the terms of the deal, H&R Block will become the sole provider of tax software available at Walmart stores. “At 16) that it would link up with megaretailer Walmart in what is being billed as an exclusive partnership, according to Globe Newswire reports.

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IRS Corporate Audits Drop 71 Pct, Individual Audits Fall 65 Pct

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The number of tax audits on corporations plunged amid the pandemic, with the IRS saying in the National Taxpayer Advocate’s “Objectives Report to Congress” report for Fiscal Year 2021 that it began 716 corporate examinations from April 1 to June 1 this year compared to 2,445 during the same time last year, a 71 percent drop.

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