[ad_1] Google’s tax status in the European Union has always been contentious. It pays very little tax in most European countries despite doing business on the continent, because a loophole allows it to avoid taxes by essentially running a shell company in Ireland. This well-known loophole is called the Double Irish arrangement and has been […]
Category: taxes
IRS reminds 10,000 taxpayers that cryptocurrency is subject to taxes
[ad_1] In a press release, IRS Commissioner Chuck Rettig said: “Taxpayers should take these letters very seriously by reviewing their tax filings and when appropriate, amend past returns and pay back taxes, interest and penalties. The IRS is expanding our efforts involving virtual currency, including increased use of data analytics. We are focused on enforcing […]
G20 countries agree to close tax loopholes for tech companies
[ad_1] A final report on the plans would be available by 2020, according to the draft. The challenge, as you might imagine, would be obtaining a consensus from a large group includes countries like China, India and South Africa in addition to G8 mainstays like the US, UK and Russia. The US in particular has […]