• #VATMESS Is About To Get Much Messier Crunch Network

    #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 that Apple, Google and Amazon could set up shop in Luxembourg, thus gaming the tax system and disadvantaging EU competitors. However, the implementation was cack-handed Read More

  • HP Finds Mobile Tax Apps Lacking On Security, Privacy

    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 HP Audit, more than 90 percent of the applications the company tested, including TurboTax, TaxACT and TaxSlayer, contained at least one potential privacy violation. Read More

  • Tax Day Advice From A Bitcoin Expert

    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 mining, buying, or trading your BTC. What to do? Thankfully, folks like Tyson P. Cross are around to help. The owner of BitcoinTaxSolutions, Cross handles tax returns and offers tax planning with… Read More

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

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

    Tech giants, including Google to Apple, are notorious fans of offshore tax havens, which saves them billions of dollars. A new report from the Bureau of Investigative Journalism finds that “if this cash was brought onshore and taxed at the current US corporation tax rate of 35%, it would produce a $89bn windfall for the US Treasury – equivalent to 17% of America’s… Read More

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

    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 operations, a scathing congressional investigation of Apple’s tax dodging strategy reveals how the computer giant avoided $13.8 billion in taxes through a clever labyrinth of… Read More

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

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

    Angel investing has been on the rise over the past few years (see Crunchbase chart below), and this year is no exception. A quirk in the tax laws is helping. Any “qualified small business stock” purchased between September 27, 2010 and January 1, 2012 and held for at least five years is 100 percent exempt from capital gains. After January 1, the tax exemption reverts to the normal… Read More

  • Senator To Propose New Internet Sales Tax

    The second most senior Democrat in the U.S. Senate, Dick Durbin, will propose a new scheme that would force online retailers like Amazon and iTunes to collect local taxes for each and every transaction. He’s expected to make the proposal the day after Tax Day, and it’s expected to be controversial within two seconds of having been announced. Read More

  • Interstate Tariff? Connecticut Pushes For Amazon Taxes

    What are the three guarantees in life? Death, taxes, and people saying that “death and taxes” are the only two guarantees in life. It’s fun. But this Amazon situation? Who knows. The company has been fighting off having to collect and pay local taxes across the U.S. for years now, with Connecticut becoming the latest state to push it for the collection of local taxes. One… Read More

  • Would America support a national broadband tax or is that too 'big government'?

    The Cousins were mulling over a broadband tax, but the new Government has put a stop to that. (Now they’re considering using some of the BBC license fee to fund broadband development.) The idea was to charge people 50p (around $0.70) per month to fund the expansion of broadband into rural areas. Would such a move work here in the U.S.? Would you be willing to pay, say, $1 per month… Read More

  • CrunchGear PSA: Tech tax deductions

    I did my taxes recently, and this is the first year that I actually bothered to deduct for all those things that I buy over the year for my job. It was confusing frankly, and I wish I’d read this article before I did it. Hopefully you’ll read this in time to do your deductions correctly, and not make the same mistakes I did (which caused me to miss out on several things I could… Read More

  • Paying the Amazon tax

    Yay, taxes! It looks like more and more states are considering forcing the likes of Amazon and (note: I’ve never bought anything from there!) to pay taxes. This is good and bad: it helps, however little, state governments balance the books, but it also raises the cost of “doing business” in those states. It also makes it more expensive to buy things online. Boo! Read More

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