Articles about tax

Acting IRS Commissioner David J. Kautter

It's US Tax Day, so of course the IRS's servers have taken a swan dive

Updated US tax returns for 2017 must be filed by midnight tonight – but the nation's Internal Revenue Service is making that difficult. The revenue collection agency's e-file system has been having undisclosed technical difficulties, effectively falling offline and unable to accept tax form submissions. If only someone could have …
Thomas Claburn, 17 Apr 2018

Apple store besieged by protesters in Paris 'die-in' over tax avoidance

A French group opposed to Apple's tax maneuvering in Europe took to the company's stores this weekend in a public protest. Attac France travelled to Apple Stores in Paris and Aix-en-Provence Saturday to hold a "die-in" protest against the Cupertino iPad seller and its cunning schemes to divert taxes away from the French …
Shaun Nichols, 10 Apr 2018
trump

Donald Trump whines and dines Oracle co-CEO Catz – reports

Oracle’s co-CEO Safra Catz was reportedly set to enjoy a slap-up meal with US president mop-haired windbag Donald Trump last night, giving the pair a chance to compare Amazon-bashing notes. The evening was, according to Bloomberg, also going to involve Peter Thiel, founder of CIA-backed data analytics biz Palantir, making it …
Rebecca Hill, 4 Apr 2018
HMRC photo via Shutterstock

Chin up, SMEs. You might get crumbs from Big Tech tax clampdown – UK MPs

Small businesses could be handed hundreds of millions in tax cuts out of the cash raised by forcing the likes of Google to cough up more to HMRC, MPs heard in a debate about digital tax yesterday. Tory MP Neil O'Brien, who brought the debate, said international tax treaties had been designed in an era of physical premises …
Kat Hall, 28 Mar 2018

Europe plans special tax for Google, Apple, Facebook, Amazon

Bruno Le Maire, France's minister for the economy, has revealed that a plan to levy a special tax on Google, Apple, Facebook, and Amazon will soon be revealed by European authorities. Le Maire told French newspaper Le Journal du Dimanche "A European directive will be unveiled in the coming weeks, the minister reveals, and it …
Salesforce web page

Salesforce cracked $10bn in sales for FY'18, but growth slowed

Salesforce has reported a cracking quarter and financial year, but also revealed growth is slowing. Fourth quarter revenue exceeded estimates by $30m to total $2.85 billion, up 24 per cent year-over-year. Full-year revenue was $10.48 billion, up 25 per cent. Both numbers are a point or two down on the same figures from last …
A frustrated woman

Fun fact: US Customs slaps eyeglass taxes on optical networking gear

An American telecoms hardware shifter is fed up with US Customs officials slapping extra tariffs on its fiber-optic tech imports – all because the agents are classifying the IT gear as eyeglasses. ADC Telecommunications, which is part of North-Carolina-based CommScope, has urged a US federal appeals court to issue a summary …
Shaun Nichols, 22 Feb 2018
Selection of Australian banknotes

Microsoft Australia changes App Store T&Cs to pay GST

Microsoft Australia's taken further steps to ensure that Australia's goods and services tax (GST) is collected on apps sold at the Microsoft Store. The company last week quietly updated its App Developer Agreement from version 8.1 to 8.2, with the changelog noting that the new version "Updated tax language to: (i) grant …
Simon Sharwood, 21 Feb 2018

And lo! Crypto-coins came unto the holy land. And the wise decreed they must all be taxed

The idea that Bitcoin and its ilk create uncontrollable and un-taxable instruments no government can control has been dealt a blow in Israel, where the local Tax Authority has ruled cryptocurrencies are boring old property. In a circular distributed by the authority dated February 19, the organisation said cryptocurrencies can …
BBC broadcasting house photo via Shutterstock

BBC presenter loses appeal, must pay £420k in IR35 crackdown

A BBC presenter must pay £419,151 in taxes after a UK tax tribunal ruled her contract should have been subject to IR35 legislation – a judgment that has been described as a wake-up call for IT freelancers. Look North presenter Christa Ackroyd lost her appeal covering tax years 2006/07 to 2012/13, with HMRC contesting that she …
Kat Hall, 15 Feb 2018
cash

AT&T's financial figures reveal 19 BEEELLLION reasons why it lobbied hard for US tax cuts

AT&T lobbied hard for tax cuts in the US – and that effort has rather paid off. Thanks to the President-Trump-championed Tax Cuts and Jobs Act, the telco revealed this week it rounded out 2017 with some stonking financial figures. In the final quarter of 2016, the comms giant bagged a profit of $2.4bn. A year later, in 2017, …
Iain Thomson, 1 Feb 2018
Bezos

Eggheads: Cities, don't woo rich Amazon with sweetheart HQ deals

A handful of university professors are calling on the mayors of US cities to let common sense prevail and refrain from offering Amazon tax cuts and other incentives for its new campus. The change.org petition, crafted by University of Toronto professor Richard Florida and signed by professors from Harvard, MIT, and UC Berkeley …
Shaun Nichols, 30 Jan 2018

Western Dig revenues take $0.82bn spanking from US tax shake-up

Drive-shipper Western Digital reported record revenues in its second quarter but new US tax laws dragged it into a $0.82bn net loss. Revenues were $5.3bn, 8.4 per cent higher than a year ago, and just 2.3 per cent up on the previous quarter. There was a GAAP net loss of $823m, which, WDC said, "includes a provisional net tax …
Chris Mellor, 26 Jan 2018

Tax Google and Facebook for a job subsidy scheme? Sigh

Comment As British politicians are urged to target Facebook and Google with a new tax and pour the profits into a scheme for funding public interest journalism, it’s worth taking a close look at the vested interests demanding this course of action. At a Society of Editors conference held last week, former Minister of Fun* John …
Gareth Corfield, 22 Jan 2018

Squeezing more out of slippery big tech may even take tax reforms

Over the next few weeks Facebook, Amazon and Google’s owner Alphabet report full-year results. Inevitably, this will reopen debate on whether big technology companies pay enough tax in countries outside the US bases, something that's been discussed for several years. The difference is that now politicians in several countries …
SA Mathieson, 22 Jan 2018

Make Apple, er, America Great Again: iGiant to bring home profits, pay $38bn in repatriation tax

Apple announced today it will start to repatriate back to America some of the massive profits it accumulated outside the USA – and will use the cash to Make America Great Again. We’re using the Trump catchphrase because Apple’s action is only possible thanks to the new tax arrangements that the US president campaigned on, …
Simon Sharwood, 18 Jan 2018
HMRC photo, Gov.uk

UK taxman told to go easy on transformation with Brexit in headlights

The UK government's spending watchdog has warned HMRC is biting off more than it can chew by undergoing major transformational projects while simultaneously coping with the fallout of Brexit. HMRC's transformation programme is not as "deliverable" as planned due to unrealistic assumptions and increased pressure from the …
Kat Hall, 12 Jan 2018
Trying to catch money in a net

Apple agrees to pay £136m in back idiot taxes to UK taxman

Apple has agreed to cough up £136m in back taxes to HMRC following an "extensive audit" by the tax man. In its Company's House filing for the year ended April 2017, Apple Europe said: "Following an extensive audit by HMRC the company has agreed to pay the adjustment covering prior years up to September 26 2015. This payment of …
Kat Hall, 10 Jan 2018

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