Articles about tax

Brit reseller Aria PC's appeal against HMRC VAT fraud finding gets under way

Manchester-based reseller Aria Technology Ltd is appealing against a tax tribunal finding that MD Aria Taheri “knew or ought to have known” that it took part in a VAT carousel fraud. Her Majesty's Revenue and Customs (HMRC) has published a guide to what missing trader intra-community (MTIC) fraud is on the GOV.UK website. …
Gareth Corfield, 21 Jun 2018
Seattle skyline

That was quick: Seattle rushes to kill tax that would mildly inconvenience Amazon

The city of Seattle is moving to strike its plan to tax large businesses and use the money to address the Emerald City's chronic homelessness problems. Mayor Jenny Durkan announced on Monday night the city was already considering legislation that would overturn its earlier decision to impose a headcount tax on large businesses …
Shaun Nichols, 12 Jun 2018
Selection of Australian banknotes

Amazon can't or won't collect sales tax in Australia

Amazon has decided that rather than try to collect Australia's Goods and Services Tax (GST), it's going to force locals to shop only at its Australian store. At issue is the Australian government's long-held (and long-criticised) desire to levy GST on all purchases made from overseas vendors, replacing a policy of taxing only …
Man in suit yells in shock and fear

HMRC opens consultation to crack down on off-payroll working in private sector

The UK government has opened its long-awaited (and dreaded) consultation (PDF) on proposals to extend IR35 off-payroll working in the private sector, which could affect 2 million contractors. In the Autumn Budget 2017, the government revealed it would consult on how to tackle non-compliance with the off-payroll working rules …
Kat Hall, 18 May 2018
HMRC photo, Gov.uk

Brit IT contractor wins appeal against HMRC to pay £26k in back taxes

A public sector IT contractor has won his appeal against Her Majesty's Revenue and Customs to pay £26,000 in back taxes under IR35 legislation. Ian Wells won the case against the UK taxman over his working arrangement on the Department for Work and Pensions' Universal Credit project between 28 May 2012 and 4 April 2013. Wells …
Kat Hall, 17 May 2018

Facebook stuck with IRS bill after court tosses $7 BEEELLION appeal

Facebook has lost its bid to throw out a tax bill on $7bn worth of income it had stashed overseas. A Northern District of California judge ruled in favor of the IRS this week, finding the Social Network did not have standing to challenge the tax bod's finding that Facebook underreported its revenues via its Ireland-based …
Shaun Nichols, 15 May 2018
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
Burning money, photo via Shutterstock

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

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