A Joint Committee on Taxation report released today by Rep. Jim McDermott (D-WA) found that regulating Internet gambling would generate roughly $42 billion over 10 years.
The report is based on the requirement of a federal license for operators that would allow them to offer online gambling throughout the United States, while keeping the federal prohibition on any form of sports betting.
It seems that Google's accounting practices may not be quite in line with accepted Turkish procedures. In fact, Turkey's government has determined that the search giant owes it a little over $47 million in unpaid taxes.
Amazon.com is continuing with its policy to abandon its affiliates program in any state that even considers legislation that would force the online retailer to collect and pay sales tax.
It's well known that big corporations employee brilliant accountants in an effort to save money at every turn. Google seems to have been caught doing some less than up-front things, however, as the search giant's been accused of routing revenue through Ireland in order to avoid a big UK tax bill.
Looking to curb a $15 billion deficit in the state budget, New York Governor David Patterson has proposed a tax on internet downloads.
The proposal isn’t content-specific, so the four percent tax would apply to everything from music, books, software and, yes, to downloaded pornography.
Guess that’ll be a boost for streaming, then, huh?
It looks like AdSense publishers who are dying to get tax refunds won't owe Google any favors this year; the search giant's timing is poor compared to any number of banks and other companies. But Google announced today that it is working on the distribution of tax forms.
The Internal Revenue Service has announced that starting on January 16 it is expanding its e-file program for 2008 federal tax returns.IRS Commissioner Doug Shulman recommends taxpayers consider e-file this year as the best option to file accurate tax returns and receive fast refunds. The e-file program includes new improvements to the Free File program that will allow nearly all taxpayers to e-file for free.
The International Council of Shopping Centers (ICSC) has launched a campaign asking consumers to shop locally at brick-and-mortar stores instead of shopping online. Their reason: online retailers don’t collect sales taxes and don’t support local jobs and community organizations.
Online shoppers who are residents of the state of Washington will now have to start paying sales tax on purchases made on the Internet.Starting today Washington joins 18 other states that require some online retailers to collect sales tax. About 1,100 ecommerce retailers have agreed to collect taxes in exchange for the state not going after them for back taxes.
The city of Houston has filed a lawsuit against online hotel bookers for keeping money the city claims should go towards its occupancy tax."We believe the (online) companies are, essentially, pocketing the money that should go to occupancy tax," Mayor Bill White told the Houston Chronicle. "It's unfair to those who are paying the price where the full taxes are paid."
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