Articles about tax

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UK.gov fishes for likes as it prepares to go solo on digital sales tax

Critics have complained that the UK government's proposed digital services tax is complex, confusing and off-putting for international business. Announced by chancellor Philip Hammond in the budget, the tax aims to address what UK lawmakers see as holes in the international tax framework, which they say fails to recognise the …
Rebecca Hill, 12 Nov 2018

European Union divided over tax on digital tech giants as some member states refuse free money

European efforts to implement a digital sales tax have stalled after Ireland, Sweden and Denmark yesterday stood firm in their refusal to approve measures aimed at scraping more cash in from tech giants. Governments are engaged in an ongoing battle over how to tax tech giants that often have little or no physical presence in a …
Rebecca Hill, 7 Nov 2018
Phiip Hammond, photo via Shutterstock

Budget 2018: UK goes it alone on digital sales tax for tech giants

UK chancellor Philip Hammond has used today’s budget to take aim at tech giants who he says aren't paying their fair share of tax in the nation and is promising to introduce a digital sales levy in 2020 to rectify this. The 2018 budget, delivered on a Monday for the first time since 1962, claimed that austerity is “coming to …
Rebecca Hill, 29 Oct 2018
Handwritten note on keyboard saying sorry with sad face

Brit smart meter biz blamed Apple's iPhone 7 launch for its late taxes

A British smart meter company that missed a series of VAT payments to the taxman insisted in a Leeds court that a Chinese typhoon and Apple's iPhone 7 delivery schedule was to blame. A decision on the April tribunal was handed down last Friday. Chameleon Technology UK, which makes "bespoke in-home displays for the global …
Gareth Corfield, 22 Oct 2018
HMRC photo via Shutterstock

HMRC: Aria PC's £2m MSN Messenger deals bonanza was VAT fraud

Reseller Aria PC's managing director "must have known" that 11 disputed deals his company made a decade ago had a "connection to fraud", an HMRC barrister has told a tax tribunal. Aria PC is accused by HMRC of playing a key part in a missing trader intra-community fraud, also known as VAT carousel fraud. In 2006 the company …
Gareth Corfield, 25 Jun 2018

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

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