taxes

Seattle reverses controversial tax Amazon opposed, just a month after approving it

In an embarrassing and mystifying about-face, the Seattle City Council has repealed a tax it passed unanimously just a month ago that would require large companies to pay a fixed amount per employee;

Seattle passes new tax on large companies despite Amazon’s howls of protest

Seattle's city council voted unanimously to approve a new tax on the largest employers in the city, despite strong opposition by Amazon and other affected companies. The tax, on companies with more th

Amazon halts Seattle expansion over city tax proposal

Even as Amazon continues to grow at a staggering rate, it is pumping the brakes on its long-planned hometown expansion. The retail giant threw down the gauntlet this week when it announced that it wou

IRS payment site crashes on tax day

Twitter’s brief morning outage was stressful enough — but those who’ve waited until the last possible moment to pay their tax bills have a much more distressing site crash to worry about: The In

Every time Trump has gone off on Amazon

Tax cuts might be the name of the game for the Trump administration, but the president has no intention of letting Amazon’s Jeff Bezos off easy. With a tweet early Thursday following an Axios re

Tech’s massive tax cut Christmas present from Trump just cleared Congress

The Republican tax bill is ready for the president's signature. After forcing its second vote in two days, the bill passed the House with a vote of 224 to 201. The bill previously cleared the Senate w

Facebook will no longer always divert international advertising revenue to Ireland

Facebook today said it is shifting to a "local selling structure" in countries outside the U.S. That means that rather than directly route its revenue to its international headquarters in Dublin, loca

How tax changes may impact US startups

In an effort to envision how the pending tax bill might affect U.S. startups and their investors, Crunchbase News reached out to tech industry taxation experts. We touched the M&A climate, tax t

Senate plans disastrous tax on vesting that could kill stock compensation

A proposed tax that charges people as their startup equity vests instead of when they cash it out and actually have money to pay the taxes could wreck how tech companies recruit talent. And the indust

That proposed tax plan would kill the $7,500 electric vehicle credit

The tax plan proposed by House Republicans has hiding in it the repeal of a $7,500 tax credit that has arguably been one of the main drivers of electric vehicle purchases. Removing the credit would al

VCs’ carried interest is safe for now, preserved in a new tax bill released today

The House tax bill released earlier today has something for VCs (and private equity folks, and hedge fund managers) to celebrate: it doesn't touch the carried interest tax break that both Donald Trump

Taxes in the gig economy

The first generation of gig economy contractors is essentially riding shotgun as an entirely new industry defines itself. While they enjoy flexibility and a convenient way to supplement a primary in

Whitehouse.gov petition seeking Trump tax returns flies past 100,000 signature goal

ClearTax nabs $1.3M to make filing taxes online in India less stressful

The Indian government has taken several steps to make filing taxes online easier, but the process can still be, well, taxing. ClearTax wants to make it easier. The startup, a Y Combinator alum, just r

#VATMESS Is About To Get Much Messier

Indie developers were rightly up in arms at the recent changes to the place of supply rules for B2C sales -- deftly coined #VATMESS by Twitter wags. The rules were well-intentioned -- it was not right

HP Finds Mobile Tax Apps Lacking On Security, Privacy

As the clock ticks toward midnight, putting an end to tax day 2014, Hewlett-Packard is warning consumers of mobile tax and finance apps that they may want to audit their own usage. According to the

Tax Day Advice From A Bitcoin Expert

As we approach tax day, many bitcoin fans may be wondering how to handle all of their newfound wealth. Given the recent ruling that BTC are property, not currency, things can get kind of hairy when mi

Report: Changing Tax Rules For Tech Giants Would Mean $89 Billion For U.S. Gov

Tech giants, including <a href="https://beta.techcrunch.com/tag/Google">Google</a> to <a href="https://beta.techcrunch.com/tag/Apple">Apple</a>, are notorious fans of offshore tax havens, which saves

3 Mind-Bending Ways Apple Dodged $13.8B In Taxes

Kudos to Apple's finance lawyers, who are the Cirque Du Soleil of legal contortionism. On the eve of live testimony from CEO Tim Cook, CFO Peter Oppenheimer and Phillip Bullock, head of Apple's tax op

Attention, Angel Investors: You Have Until Jan. 1 To Lock In 100% Tax-Free Capital Gains On Startup Stock

Angel investing has been <a href="https://beta.techcrunch.com/2011/11/09/crunchcrunch/">on the rise</a> over the past few years (see Crunchbase chart below), and this year is no exception. A quirk in
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