bluwmongoose

Lawmakers are currently mulling over a proposed tax code overhaul intended to reduce the tax burden on U.S. companies that could also have the net result of raising prices on the products those companies manufacture overseas, a change that could hit toy companies particularly hard. [More]

beebo wallace

Gas Prices Will Go Up In 7 States Starting Jan. 1

As if waking up on Jan. 1 after a few too many glasses of bubbly the night before isn’t painful enough, drivers in seven states will be starting off the new year with higher gas prices, thanks to new taxes. [More]

Adam Fagen

Apple Officially Appeals EU’s Decision On Back Taxes

Three months after Apple CEO Tim Cook called the European Union’s ruling that the company owes Ireland about €13 billion in back taxes political crap,” the tech giant officially filed an appeal against the decision, adding to the already years-long battle between the Commission, Apple, and Ireland.  [More]

andy briggs

Controversial Soda Tax Coming To Chicago After County Board Vote

Two days after voters in four different cities approved local taxes on sugary beverages, the county board for Cook County, IL – home to Chicago — has narrowly okayed a $.01/ounce tax, making this the largest single market to try to curb obesity while fattening the municipal coffers. [More]

Eric BEAUME

Chicago Might Be Next To Try Tax On Sodas & Sugary Drinks

Days after the Whole Health Organization announced it supported taxes on sugary drinks in order to curb obesity, the largest county in Illinois is weighing that option — following in the footsteps of Berkeley, CA, and Philadelphia, where a similar tax is now subject to a beverage industry legal battle. [More]

J-J-W

World Health Organization Supports Taxes On Sugar Drinks To Curb Obesity

Berkeley, CA, is currently the only major U.S. city charging a tax on sugary drinks. The Philadelphia tax is coming soon — if it survives a beverage industry legal challenge. In spite of the slow adoption of, and opposition to, these so-called “soda taxes,” the World Health Organization is recommending that more places could fight obesity and other ailments by making sugary drinks more expensive. [More]

jaxb6464

NYC Pharmacy Instituting 7% “Man Tax” To Highlight Gender Pricing Discrimination

In an effort to bring awareness to discrimination in gender pricing — for example, charging a so-called “pink tax” on feminine hygiene products — one New York pharmacy has a new rule: male customers have to pay a 7% tax on items for men. [More]

Mike Mozart

Some Big Chains Like To Pretend Their Stores Are Closed When It Comes To Paying Tax

A big-box store is, by definition, well, big. All that retail, storage, and parking space takes up a fair amount of land. So you’d think that in any state with a property tax, stores would, well, be taxed on their property. And they are… until they’re not.

[More]

Adam Fagen

Tim Cook: EU’s Ruling On Back Taxes Apple Owes Ireland Is “Total Political Crap”

After the European Union antitrust commissioner announced earlier this week that Apple received preferential treatment in terms of taxes and owes Ireland €13 billion or so for 10 years’ worth of back tax, Apple CEO Tim Cook is calling the whole thing “total political crap.” [More]

afagen

EU Regulators: Apple Owes Ireland $14.5 Billion In Back Taxes

That thing where corporations do anything they can to pay as little tax as possible doesn’t just hit inside the U.S. Companies that relocate part of their operations overseas to avoid an American tax bill still have to pay the taxes they owe to the countries they’re in, and that’s what European antitrust regulators say Apple hasn’t properly done.

[More]

Ariel Dovas

Congress Looking At New, “Simplified” Way For States To Collect Online Sales Tax

With billions of state and local tax dollars going un-collected each year because a number of online retailers either aren’t required to collect the taxes or are shirking their responsibilities, a proposal circulating around Congress takes a new “simplified” (but really kind of complex) approach to get more e-tailers collecting sales tax. [More]

Roger Schultz

Massachusetts Will Tax Uber & Lyft, Give Some Of The Money To Taxis

Uber or Lyft will soon be supporting their biggest rivals in the Old Bay State, thanks to a newly signed law regulating the ride-hailing industry. In all, Massachusetts will tack on a $.20/ride fee for these newer companies, with the revenue being divided up between the state, cities, and the taxi industry. [More]

Facebook

Facebook Might Owe The IRS As Much As $5 Billion In Back Taxes

You know what giant corporations really hate to do? Spend lots of their revenue on taxes. And you know what they have to do anyway? Exactly that. But the IRS is saying that Facebook may not have done enough of it, in past years, and may be on the hook for a big fat chunk of cash overdue to the U.S. government.

[More]

OuiShare

Airbnb Agrees To Start Collecting Millions In Taxes From Los Angeles Hosts

Two years after Los Angeles warned Airbnb hosts of their tax-collecting obligations, the city and the short-term rental company have reached a deal in which the business will start collecting millions of dollars in lodging taxes from hosts.  [More]

ArksEndeavors

4 Ways To Avoid The “Student Loan Tax” Scam

Being on the hook for thousands of dollars in student loan debt is pressure enough for most people. They shouldn’t also have to worry about being taken advantage of by “student loan tax” fraudsters in what appears to be the latest iteration of the IRS impersonation scam. [More]

Jeepers Media

Supreme Court: Sprint Must Face $300M Lawsuit Over Uncollected Sales Tax

Four years after New York sued Sprint for allegedly failing to collect more than $100 million in sales tax in the state, the U.S. Supreme Court has shot down the wireless carrier’s effort to avoid liability. [More]

DEARTH !

6 Necessary Steps When Oregon Pot Sellers Pay Taxes With Cash

As we’ve discussed in the past, even in states where recreational marijuana is now legal, businesses are still figuring out how the heck to handle their financial obligations like banking and paying taxes, as the drug remains a Schedule I controlled substance in the eyes of the federal government. Oregon has now figured out a safe way for weed dealers to pay the taxes they owe the state, and the process sounds like something out of a movie. [More]

Adam Fagen

Before any of you wake up in a panic this morning, realizing it’s April 15 and you haven’t filed your annual tax return, remember that Tax Day is actually April 18 this year. That’s because Emancipation Day (April 16) falls on a Saturday this year. This holiday — recognized in Washington, D.C. — is being observed today, meaning the D.C.-based IRS office is closed for the day. So enjoy the extra few days, but remember that you’ll still have to file (at least an extension) after the weekend is done.