tax

  • 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

    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

    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

    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


    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!

    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