PYMNTS

APRIL 8, 2019

The government in Australia passed legislation that seeks to stop live streaming of violent acts across social media platforms. According to the news report, Australia’s Attorney General Christian Porter said that “this is most likely a world first in terms of legislating the conduct of social media and online platforms.”

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PYMNTS

JULY 13, 2020

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. They falsely claimed to have a Harvard-educated CEO backing them. And, the U.S.

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PYMNTS

JULY 1, 2019

With the idea of pegging Libra’s value to a basket of international currencies, Facebook ’s proposed cryptocurrency would bring tax challenges to European users, per tax lawyers. However, the tax would only be payable in the event that total capital gains are more than the annual capital gains tax exemption of £12,000.

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PYMNTS

AUGUST 26, 2019

Will Big Tech face bigger tax bills on an international stage? Beyond the debates on data privacy and compliance, marquee names in technology face greater scrutiny from various governments, and perhaps bigger tax bills, too. As reported, the tax imposed could be as much as 20 percent on social media and search ads.

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PYMNTS

AUGUST 26, 2019

Thailand hopes to annually collect 3 billion to 4 billion baht ($98 million to $131 million) by introducing a tax on tech businesses, Reuters reported on Monday (Aug. If approved by Parliament, Thailand will institute a value-added-tax starting next year on electronic businesses, leveraging the eCommerce boom in the country.

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PYMNTS

JULY 14, 2019

Even with the United States announcing it would look into a proposed “digital tax” in France, the country is moving forward with the measure. The country’s Senate has approved the tax despite the threat of an investigation from the United States, according to 9 to 5 Mac.

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PYMNTS

SEPTEMBER 28, 2020

With the fate of TikTok grabbing all the press, you may have missed the news that Facebook is talking about denying itself and its sister social platform Instagram to the European Union (EU) over new proposals that would stop the social media giant from transferring data on EU users back to Facebook headquarters in Silicon Valley.

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PYMNTS

OCTOBER 31, 2018

and lobbyists who contend a new tax on some of the world’s biggest internet companies would create what is seen as a dangerous precedent. Chamber of Commerce — lobbyists and lawmakers, Donohue and others think the tax would target big American technology companies unfairly. announced it was aiming to lodge a 2 percent tax on the U.K.-generated

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PYMNTS

OCTOBER 12, 2020

German Finance Minister: More Than 130 Nations Agree to Corporate Tax Framework. The primary aim of any deal would be to make sure that Big Tech firms like Facebook , Google and Amazon were forced to pay their fair share when it comes to tax, according to Scholz. Facebook Could Face Penalties If It Contravenes Turkish Social Media Law.

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Abrigo

MARCH 12, 2025

In the aftermath of the devastating wildfires in California, scam artists exploited the situation by posing as legitimate charities soliciting relief donations through social media, emails, and phone calls. Reminding them to research a charitys annual reports, tax forms, and audits or speak with a representative before donating.

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PYMNTS

MARCH 19, 2019

Instagram has launched a checkout feature designed to help the social media platform become a more attractive place for consumers to buy retail products, and to capture more sales via what is coming to be known as contextual commerce. Social Media Purchases. In other words, consumers are shopping contextually.

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Abrigo

DECEMBER 10, 2024

Romance scams: These scams involve fraudsters building online relationships with elderly victims, often through social media or dating apps. Scammers initially build trust through online interactions, often via social media or dating platforms. Check fraud : Check fraud is of significant concern in the U.S.,

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PYMNTS

FEBRUARY 12, 2019

Govindacharya have asked lawmakers in India to call leaders of Google and Facebook to the country to ask them about data privacy and their compliance on tax laws, according to a report from Reuters. The group is asking a parliamentary panel on information technology to investigate the tech giants.

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PYMNTS

SEPTEMBER 8, 2020

Tumusov wrote in a social media post that “lowering the commission and having the ability to bring products to users is a growth opportunity for IT developers.”. Big Tech Updates Fees to Reflect UK Digital Services Tax. Apple announced upcoming tax changes for apps and in-app purchases to include tax law changes in the U.K.

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PYMNTS

SEPTEMBER 3, 2020

The remote payments app allows merchants to charge customers by sending a payment link via SMS, Whatsapp, email or social media. The feature can be used to adjust any change in the tax rate charged on food and non-alcoholic beverages.

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PYMNTS

NOVEMBER 16, 2020

Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy. percent to 10 percent.

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PYMNTS

JANUARY 11, 2021

US Trade Representative: India, Italy, Turkey Digital Taxes Discriminates Against US Firms. Trade Representative (USTR) recently released the results of Section 301 probes of digital services taxes (DSTs) that Turkey, Italy and India have adopted, finding that each tax “discriminates against U.S. Billion Of French Products.

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PYMNTS

MARCH 13, 2017

70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. Nearly a quarter of small businesses said they still use paper forms when filling out taxes. There are so many options available to small businesses today, the executive added. 37 percent of SMEs in the U.K.

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PYMNTS

NOVEMBER 5, 2018

There exists no shortage of issues that will be top of mind as Americans head to the polls, from healthcare to taxes to immigration. However, the notion of transparency is key in the age of social media — and transparency is lacking. And I think that lawmakers were surprised by the impact that social media can have.”.

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PYMNTS

AUGUST 24, 2020

The social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction. The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct.

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PYMNTS

SEPTEMBER 17, 2019

million times last year for offenses such as unpaid taxes and fines. million times from purchasing train tickets, and 128 people were blocked from leaving the country because of unpaid taxes. government is not building a social credit system a la China, private industry arguably is. Consumers were also barred 5.5

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PYMNTS

OCTOBER 14, 2019

The Internal Revenue Service (IRS) now has a question on crypto ownership on its 1040 income tax form. And Block Matrix , which created an app that allows users to send bitcoin through their social media accounts, has secured a $2 million investment for the development of a new app for the retail sector.

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PYMNTS

APRIL 14, 2019

In fact, residents use the products for their investment and retirement savings for the tax benefits. And billionaire venture capitalist Tim Draper will meet with Facebook about the possibility of investing in the social media giant’s cryptocurrency project. “I I am interested to hear the story.

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PYMNTS

JULY 16, 2019

“Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs and human trafficking,” Mnuchin said, adding that he is “not comfortable today” with the social media giant’s planned launch.

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PYMNTS

DECEMBER 12, 2019

The social media company is now reportedly investing $130 million to the effort, Engadget reported. It will have the role of handling such tasks as ensuring tax compliance, administering payroll and reviewing the annual budget of the board. Facebook has been at work creating a content oversight board over the past year.

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Abrigo

JANUARY 20, 2016

Information overload seems to be an occupational hazard for anyone spending time on the internet these days, particularly on social media channels. Follow Kelly for all things tax-related. He reaches a large number of accounting professionals via his CPA Trendlines website, but it’s his Twitter reach that really turns heads.

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PYMNTS

MARCH 19, 2020

lawmakers are reportedly introducing a digital services tax of as much as 2 percent of revenues tied to business activities in the country. The government has said the tax is aimed at “large multi-national enterprises with revenue derived from the provision of a social media service, a search engine or an online marketplace to U.K.

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PYMNTS

JULY 26, 2019

The Internal Revenue Service (IRS) is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will face if they don’t report their income or pay taxes on the transactions, according to a report by The Wall Street Journal. at the World Bank.

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PYMNTS

NOVEMBER 12, 2018

According to The Next Web , hours after moving all raised funds out of its wallet, the company shut down its website, deleted its social media accounts and kicked all users off its chat group. This time, South Korean blockchain company Pure Bit has reportedly stolen $2.7

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South State Correspondent

AUGUST 31, 2022

Then there are vendor contracts, employment agreements, statements of work, loan documents, financial statements, tax returns, deposit account documents, policies, and an array of similar applications. Pulling data off a tax return has a low error rate while pulling data off an attorney-prepared loan document is more challenging.

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PYMNTS

JULY 23, 2018

Coverage includes a new acquisition by online payment firm PayU, European finance ministers pushing for more progress on taxing digital firms and SoftBank planning to launch a new mobile payment service in Japan. European Finance Ministers Seek Progress on Taxing Digital Companies. SoftBank to Launch Digital Pay Service in Japan.

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Abrigo

MARCH 10, 2015

Tax and audit season got you down? Many, many others are feeling the pains of lack of sleep and absence of a social life. We scoured the world of social media to find some of the best tweets to sustain your sanity. Try not to waste those precious moments thinking about 1099s or corporate tax rates.

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PYMNTS

JULY 23, 2018

ClientWhys , a provider of marketing automation software and marketplace for cloud accounting and tax industries, has launched a new small business accounting marketplace. CountingWorks and TaxBuzz blogs also provide users with timely tax and accounting resources, as well as articles written by member professionals and industry experts.

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Abrigo

MARCH 10, 2015

Tax and audit season got you down? Many, many others are feeling the pains of lack of sleep and absence of a social life. We scoured the world of social media to find some of the best tweets to sustain your sanity. Try not to waste those precious moments thinking about 1099s or corporate tax rates.

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Taxes Wisconsin social media Exercises 150

PYMNTS

FEBRUARY 16, 2020

He has recently signaled that he would support Facebook paying higher taxes in Europe. And in comments made last March, he said he believes more regulation is needed on social media companies. Next week, Zuckerberg will visit Brussels and speak with the European Union about regulatory issues.

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PYMNTS

JULY 7, 2019

In an interview, McAfee also revealed that he believes that income tax is illegal and will run for the Libertarian Party nomination for U.S. tax authorities. He said he did not pay income tax for eight years for ideological reasons and was indicted. trade embargo. president. “It It would be trivial to get around the U.S.

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PYMNTS

MARCH 18, 2019

Laws would mean the social media giant would have to get user consent to access the data that is in turn used by Facebook’s advertising customers. It was reported this month that France is looking to levy a 3 percent “digital” tax on revenues derived from business in that country by global tech firms with certain revenue levels.

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