tax

  • Google Is Preparing To Pay A Huge Fine For Tax Noncompliance In France

    Google Is Preparing To Pay A Huge Fine For Tax Noncompliance In France

    France’s equivalent of the IRS (Direction générale des finances) has been investigating Google for tax noncompliance. With only €138 million of revenue reported in France in 2011, something wasn’t right. Le Canard Enchaîné first reported in 2012 that the company owed $1.3 billion (€1 billion). Le Point confirmed this number in 2014. Google will probably end up paying less… Read More

  • Change In UK Tax Law Could Raise The Price Of Music And Apps In The Country

    Change In UK Tax Law Could Raise The Price Of Music And Apps In The Country

    A change in UK tax law that may take force at the start of 2015 would push the price of apps, music and other downloads and “e-services” higher in the United Kingdom. The legal shift would see downloads charged the value added tax (VAT) of that country. Currently, The Guardian reports, companies like Apple and other digital store owners “are allowed to sell digital… Read More

  • Germany Recognizes Bitcoin As “Private Money”, Sales Tax Coming Soon

    Germany Recognizes Bitcoin As “Private Money”, Sales Tax Coming Soon

    After a parliamentary inquiry, Germany has clarified its position on Bitcoin. The federal ministry of finance recognized Bitcoins as “units of account” — the cryptocurrency is therefore be considered as “private money”. That’s why, according to Die Welt, the government stated that there wouldn’t be a tax exemption on commercial activities that use… Read More

  • Former Google Exec Turns Whistleblower On Company’s Tax Avoidance Machinations In The UK

    Former Google Exec Turns Whistleblower On Company’s Tax Avoidance Machinations In The UK

    Google is under fire in the UK for its tax practices in the country, and a new key witness (who spoke to The Sunday Times) might put them in deeper hot water when he hands over a reported 100,000 emails and documents to the British Revenue & Customs (HRMC) services. Barney Jones, a former Googler who was at the company between 2004 and 2006, says he has material proof that… Read More

  • Amazon Faces $252 Million Fine In France Over Taxes, Prepares To Legally Challenge The Accusation

    Amazon Faces $252 Million Fine In France Over Taxes, Prepares To Legally Challenge The Accusation

    Another big Internet company is the target of Direction générale des finances – France’s equivalent of the IRS – due to tax noncompliance. The agency is asking Amazon to pay $252 million in non-reported tax and penalties. Most of Amazon’s revenue in Europe goes to Luxembourg where the corporate tax is much lower. While it’s legal, there are some subtleties in… Read More

  • Google France Faces Fine Of $1.3 Billion For Tax Noncompliance. Google Denies The Accusation.

    Google France Faces Fine Of $1.3 Billion For Tax Noncompliance. Google Denies The Accusation.

    Google France could be ordered to pay $1.3 billion to France’s equivalent of the IRS (Direction générale des finances) due to tax noncompliance in 2011. The agency has been investigating Google’s revenue in France for months. With only 138 million euros of revenue in France in 2011, the company has used tax-optimization strategies, but has always stated that they comply with the law. Read More

  • Report: Google Could Face UK Tax Inquiry After Just Paying 1.5% Last Year

    Report: Google Could Face UK Tax Inquiry After Just Paying 1.5% Last Year

    Google has about 1,200 employees in England and made £395 million in revenue there last year (that’s just under $620 million). It did, however, only pay £6 million in taxes in England last year. Unsurprisingly, that’s not sitting well with a number of British politicians and according to The Independent, Google could face a more formal investigation into its tax schemes by… Read More

  • Jordan to impose farm animal tax on phones and electricity

    Jordan to impose farm animal tax on phones and electricity

    It may sound weird at first but it’s true. Jordan’s parlament has decided Wednesday to impose a tax as high as 1 Fils (a bit more than one tenth of $0.01 if I calculated that correctly) per minute for phone connections and 1 kilowatt hour of electricity. The aim of the law is to raise $18.5 million to subsidize loans for people in the Arabian country who need to buy farm animals… Read More

  • New York's Amazon tax starts this Sunday

    New York's Amazon tax starts this Sunday

    It’s all over, folks. Fortune is reporting that the state of New York’s sales tax on goods purchased at Amazon.com starts this Sunday, June 1st. Peter’s already been enraged about it here and here and I’m guessing he’s not going to be too thrilled about this post either. He’s pretty excitable as it is, so hopefully he won’t read this. The… Read More

  • Here's a new one: You should pay to rip your own CDs

    Here's a new one: You should pay to rip your own CDs

    Get this. It turns out that various parts of the music industry are very, very greedy. I know, I was shocked too! The Music Business Group (the UK’s version of the RIAA, basically) is proposing that music creators and rights owners should be entitled to profits from anything that facilitates you ripping a CD to your computer — anything used for “format shifting,” as… Read More

  • WTF: Amazon Tax coming to NY

    WTF: Amazon Tax coming to NY


    Well, isn’t this some muthafricking bullhockey. The NY legislators approved a statewide sales tax last week that requires online retailers to collect tax for purchases shipped to the state. That includes online retailers that have no physical existence in the state. NY Governor David Paterson is expected to sign off on this. “This is a first step — but a critical one —… Read More

  • TurboTax Fails on Tax Day: Bloops!

    TurboTax Fails on Tax Day: Bloops!

    The TurboTax forums lit up yesterday as hundreds of frustrated filers tried to press submit but only got server capacity issues. Hrmmm… the IRS only allows e-filing through CPAs or certain web services and those web services fail dismally. Sounds like the efficiency of the private sector at work! A typical post? Okay, so the deadline has come and gone and I still cannot get my filings to… Read More