Tag: Taxes

Doctors Are Calling For More Taxes And Policy Changes For High-Sugar Drinks

In a policy statement, the American Academy of Pediatrics wants more strategic approaches to decrease the excessive consumption of high-sugar drinks among children. These include higher excise tax on the beverages and decreased marketing efforts targeting the young ones.

Public Health March 27, 2019

Supreme Court To Rule On Sales Tax Of Online Purchases

Online shoppers could pay more upon checkout if the U.S. Supreme Court overturns a 26-year-old rule on sales taxes. The court is due to hear a case against retailers that have not been collecting sales tax from customers.

Life & Style April 16, 2018

Apple To Start Paying $16B Tax Bill To Ireland In March, But Appeal To The European Commission Continues

Apple has to pay $16 billion in back taxes to Ireland as the European Commission had said it received unfair, preferential treatment. The company will start paying around March, but it's still appealing the E.C.'s ruling.

Apple January 18, 2018

Uber Australia Fare Prices Could Increase As Federal Court Rules It's A Taxi Service Subject To GST

Uber has lost another battle in Australia, as a federal court ruled that it's a taxi service and its drivers are taxi drivers. This, in turn, could lead to an increase in Uber fare prices to offset additional costs.

Business Tech February 20, 2017

Bots Stealing Human Jobs, Bill Gates Says 'Tax The Robots'

As fears of robots replacing human labor grow, Bill Gates has expressed that like their human counterparts, bots should also be liable to pay income tax. Gates believes that companies should be ready to face repercussions of such moves.

Robotics February 18, 2017

Ireland Not Happy About EU's $14 Billion Tax Order Against Apple: Did The EU Exceed Powers And Interfere?

Apple was ordered by the European Commission to pay $14 billion in taxes. Ireland is not happy about the decision and will lodge an appeal along with Apple to protect the country's tax regime.

Apple December 19, 2016

Raising Tax On Sugary Drinks Will Address Obesity, Type 2 Diabetes: WHO

A new WHO report presents the possibility of lowering sugary drinks consumption through their taxation, contributing to the reduction of type 2 diabetes and tooth decay.

Public Health October 11, 2016

Is California Taxing E-Cigarettes? Proposition 56 Voting Set For November

If Proposition 56 be voted into law come November, then California will become the fifth U.S. state to tax e-cigarettes. The collected the tax money will be allocated to fund health care, tobacco use prevention, research and law enforcement.

Public Health October 11, 2016

The IRS Wants Facebook To Hand Over Ireland Asset Records: Here’s The Reason Why It’s Under Investigation

The IRS filed a petition in U.S. District Court to have Facebook comply with its request to hand over records regarding its asset transfer to Ireland.

Business Tech July 8, 2016

Google Offices In Spain Reportedly Raided Over Fraud And Tax Evasion Suspicions

Google is being investigated for tax evasion and fraud in Spain, after the company’s offices in Paris were also raided. Google is under scrutiny from tax authorities, as previous inquiries showed that it underreports its profits in Europe.

Google June 30, 2016

Cupertino Mayor Wants Apple To Pay More Taxes, Says The Company 'Should Share The Responsibility For Our City'

Cupertino Mayor Barry Chang said Apple should pay the city more taxes. He further said the iPhone maker should have its share of responsibility for the city.

Business Tech May 6, 2016

Here's How Much Tax Obama And US First Lady Paid

The White House recently released the 2015 tax returns before the final filing date, and with it, came the Obama family’s income and tax details. From a reported income of $436,065, President Obama and wife Michelle paid out 18.7 percent as taxes, which came to $81,472.

Society April 18, 2016

Pfizer Kills $160 Billion Deal With Allergan Amid Crackdown On Corporate Inversions

The multibillion dollar deal between Pfizer and Allergan is off the table. The new corporate inversion rules of the IRS and the Treasury Department may have a hand on it.

Deals April 6, 2016

Computer Failure Temporarily Shuts Down IRS E-File System

The Internal Revenue Service experienced computer hardware failure, causing some systems to shut down. IRS is already assessing the extent of the outage and is dealing with the tax community at this time.

Business February 4, 2016

Google Agrees To Pay $185 Million In Back Taxes To UK Goverment

Google has agreed to pay back the UK Government £130 million or $185 million in taxes, putting an end to its tax evasion practices in the country thanks to an agreement with the British treasury.

Legal January 25, 2016

More People Actually Prefer Paying IRS Penalties Than Insurance: Report

Americans would rather pay IRS penalties than spend on health insurance coverage. Most prefer paying for medicine and doctors' fees out of pocket than paying monthly dues for insurance.

Life January 5, 2016

Apple Settles Italian Tax Dispute For $347 Million

This amount is only a third of what the country was reportedly owed.

Money December 30, 2015

Australian Police Raid Home Of Reported Bitcoin Creator

Australian Federal Police raided the home and office of a tech businessman for a tax investigation hours after publications suggested he could be the bitcoin founder known by the pseudonym of Satoshi Nakamoto.

Legal December 9, 2015

Mark Zuckerberg Denies Giving $45 Billion Worth Of Facebook Shares To Charity To Dodge Taxes

The Facebook CEO addresses criticism that he only decided to donate most of his Facebook shares throughout his lifetime to avoid taxes.

Business December 4, 2015

British Lawmakers Call For 20 Percent Tax On Sugar-Sweetened Drinks To Fight Childhood Obesity

Rates of childhood obesity in the UK continue to grow. To curb the problem, British lawmakers suggest tough recommendations, including putting 20 percent tax on sugary drinks.

Life December 2, 2015

New Law Will Take Passports Of Those With Overdue IRS Taxes

People with overdue taxes will have to give up their U.S. passports soon. In a proposed law, the Internal Revenue Service will compile the names of people with great tax debts so the state department can impose penalties, such confiscating passports.

Society November 23, 2015

Airbnb Is Getting Rid Of Snobby Ads In San Francisco

Airbnb's latest string of billboard ads in San Francisco touted the municipal resources, like public libraries and parks, their taxes went to - with passive-aggressive phrasing that offended and riled up the city's denizens.

Business October 22, 2015

States Look Into Taxing Video Streaming And Cloud Computing Because Of Declining DVD And CD Sales

The decline in DVD and CD sales has caused several states to look for ways to make up for lost tax revenue. That includes possibly taxing streaming subscriptions and cloud computing.

Money August 21, 2015

Chicago’s ‘Cloud Tax’ Makes Online Users Pay More To Use Netflix And Amazon

Customers in Chicago will now have to pay a nine percent tax to use cloud services and streaming content.

Internet July 1, 2015

Australians Will Have To Pay A 'Netflix Tax’ To Stream Online Content

Australians will have to pay taxes on digital products such as movies, music, books and software as part as a new legislation dubbed the 'Netflix tax.'

Internet Culture May 11, 2015

Tax Day 2015 Deals: The Best Discounts To Make Paying Your Taxes Less Painful

Americans don't usually look forward to Tax Day. However, with so many awesome deals, sales and freebies available in honor of the day, you can't help but like it a little.

Feature April 15, 2015

Tax Day 2015: Why Is April 15 The Deadline To Pay Taxes?

These days, everyone knows that April 15 is the day Americans have to file and pay their taxes by. But how did the U.S. government settle on this deadline?

Internet Culture April 14, 2015

Here's What To Do If You Can't Pay Or File Your Taxes By April 15

We all know that April 15 is the day you have to file your taxes by. However, if you find yourself unable to meet that deadline, here's what you should do.

Feature April 11, 2015

5 Tax Sites Make Filing Easy, And No The IRS Is Not On The List

With tax time rolling around, there are a number of good online services ready to help users with tax filing needs. While sites like H&R Block and TurboTax offer good services, there are some good resources that don't get as much as attention or don't demand high fees or software purchases.

Apps/Software February 2, 2015

Go to Wal-Mart if You Want Tax Refunds in Cash: What to Know

The launch of the service Direct2Cash aims to have more shoppers enter Wal-Mart and use the tax refunds that they receive in cash to shop in the store.

Business January 22, 2015

Adios! Nintendo Bids Brazil Bye Over Hardware and Game Distribution 'Challenges'

Nintendo has announced that it will no longer be distributing games and consoles in Brazil due to high tariffs and fees imposed by the country.

Video Games January 12, 2015

Berkeley's new soda tax could be a sign of things to come

Soda is about to get a lot more expensive. A new tax in Berkeley, CA means that the soft drink industry may be changing for good.

Internet Culture November 5, 2014

What is $100 worth in your state?

It turns out, $100 is a very different amount of money depending on where you live in the U.S. Here's how to find out what it's worth in your state.

Internet Culture August 19, 2014

Raising tobacco taxes worldwide may prevent up to 200 million smoking-related deaths

A study reveals that raising taxes for tobacco products worldwide will not just cause people to stop smoking, but also prevent people from picking up the habit, causing tobaco-related deaths to plummet.

Life January 2, 2014

Real Time Analytics