All Posts Tagged Tag: ‘tax’

‘Netflix Tax’ Proposed in Australia

Netflix is going to cost a little more in Australia. Treasurer Joe Hockey has confirmed reports that the new budget will include a plan to charge a 10 percent Goods and Services Tax on online services based outside of the country. From Gizmodo Australia: According to Hockey, this GST extension wouldn’t apply to products that cost under $1000 imported into …

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Tax Forms: Where To Go To Obtain Them

It’s the time of year that everybody dreads…tax time. While it something that we all try to avoid doing, it simply has to be done. So, where do you start? First, you need to decide how you plan to file them. Are you going to use software and do it yourself? Are you going to do it manually? Are you …

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Amazon Sales Tax Now Reality For Over Half Of U.S. Population

Consumers in more states are about to find themselves paying sales tax when they shop online at Amazon. Online businesses in all states may one day be required to collect sales tax from everyone anyway, but Amazon currently finds itself on both sides of the “to tax or not to tax” argument as it resists tax requirements in some states …

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Supreme Court Refuses To Hear Amazon Online Sales Tax Lawsuit

Online sales tax – is it constitutional? That’s the question Amazon wanted an answer to when it petitioned the Supreme Court to hear its argument against New York state regarding the state’s right to collect sales tax from purchases made in the state despite the online retailer not having a physical presence in the state. Well, Amazon will have to …

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Sugary Drinks May Be Taxed In San Francisco

(image) San Francisco voters are being asked to impose a tax on sugary beverages. The proposal holds that drinks will be charged 2 cents for every ounce. The ballot will need two-thirds support from voters in order to pass. Thanks to the obesity epidemic there has been no shortage of proposals geared toward taxing unhealthy food items. In recent times …

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Should Internet Access Remain Tax Free?

You probably pay a lot for Internet, but at least you don’t have to pay taxes on your service with each monthly bill. That may all change next year, and two senators want to stop that from happening. The Hill reports that Sens. Ron Wyden and John Thune introduced the Internet Tax Freedom Forever Act into the Senate on Thursday. …

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Senate Votes In Favor Of Online Sales Tax Bill, Controversial Legislation Heads To House

The Marketplace Fairness Act – a piece of legislation that will force online businesses to collect state sales tax regardless of their physical location – was set to go before the Senate for a final vote last night. It was expected to pass, and the Senate did not disappoint. The Hill reports that the Senate approved the Marketplace Fairness Act …

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Should The Senate Pass Online Sales Tax Legislation? [Updated]

Update: It passed. Currently in the U.S., state governments are only obligated to collect sales taxes from online retailers that are based in their own states. If an online sales tax bill makes it to law, states could collect from online retailers that don’t reside in their state. Should online retailers have to pay taxes to states where they don’t …

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Senators Seek To Extend The Internet Tax Freedom Act Indefinitely

Unless you’re buying something online, the Internet is a tax free service. That all might change in 2014, however, if a bill barring the government from taxing the Internet isn’t extended. Fortunately, two senators are already on the case with a new permanent extension. The Hill reports that Senators Kelly Ayotte and Dean Heller have introduced an extension to 1998’s …

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Google Avoids Nearly $2 Billion In Worldwide Income Tax [Report]

Bloomberg is reporting, citing a recent filing by a subsidiary in the Netherlands, that Google avoided nearly $2 billion in worldwide income taxes last year by shifting $9.8 billion in revenues to a Bermuda shell company. The fact that Google does this is not news, but the amount of money involved, which is reportedly nearly double from three years ago, …

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Amazon UK: $11 Billion in Sales, No Taxes Paid

Amazon, the largest online retailer in the UK, last year posted sales of more than $5.2 billion in that country, but didn’t pay any corporation tax on the profits, which prompted an investigation by Britain’s tax authorities. Regulatory filings by Amazon US with the SEC show a tax inquiry into the company’s operation in the UK, where it sells about …

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Interview: FCC Lifeline Program – Will the Revamp Solve the Fraud?

On January 31, the FCC announced a complete overhaul of its Lifeline program. The program has been around for 25 years and is part of the Universal Service Fund. Its purpose was to help low-income families and those that live in rural areas have access to telephone service. It began with providing landline telephones but then added cell phones in …

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