New York Times: Trump’s Payroll Tax ‘Cut’ Fizzles

New York Times: Trump’s Payroll Tax ‘Cut’ Fizzles. “More than a month after Mr. Trump signed an executive memorandum to defer the collection of the payroll taxes that workers pay to help fund Social Security, few companies or people are taking part. Trade groups and tax experts say they know of no large corporations that plan to stop withholding employees’ payroll taxes this fall. As a result, economic policy experts now say they expect the deferral to have little to no effect on economic growth this year.”

Phys .org: Taxing online sports betting, fantasy sports may help states cover pandemic losses

Phys .org: Taxing online sports betting, fantasy sports may help states cover pandemic losses. “Taxing online fantasy sports and sports betting may help states recoup some of the sales tax revenue lost during the coronavirus pandemic, according to a finance expert at Rice University’s Baker Institute for Public Policy.” Sometimes when I’m reading these articles my face freezes like this: 😬

Bloomberg: Spain Seeks to Tax Facebook, Google Services as Phone Carriers

Bloomberg: Spain Seeks to Tax Facebook, Google Services as Phone Carriers. “Under a new law proposed by the government, ‘all operators who provide telecommunication services without having to provide phone numbers, such as WhatsApp’ and Telegram would have to register as telecommunications operators and would be taxed based on revenue, Sanchez said in a press conference. Currently, only phone operators that can provide phone numbers need to sign up as telecom operators, he said.”

ProPublica: The FTC Is Investigating Intuit Over TurboTax Practices

ProPublica: The FTC Is Investigating Intuit Over TurboTax Practices. “The FTC probe, run out of the commission’s Bureau of Consumer Protection, centers on whether Intuit violated the law against unfair and deceptive practices in commerce. One focus of the investigation is whether TurboTax marketing misdirected customers who were eligible to file their taxes for free into paid products.”

Exclusive: Google to pass on digital tax cost to advertisers (City A.M.)

City A.M.: Exclusive: Google to pass on digital tax cost to advertisers. “Google will increase the price of advertising on its platforms in the UK due to the Digital Services Tax, City A.M. can reveal. In an email sent to advertisers [Tuesday], seen by City A.M., the tech giant laid out plans for a two per cent ‘UK DST Fee’ which will be added to invoices from November 2020. The fee will apply to all adverts served in the UK across both Google Ads and YouTube.”

Reuters: Google says Denmark is reviewing its taxes there

Reuters: Google says Denmark is reviewing its taxes there. “Danish tax authorities have initiated a review of Google’s accounts in Denmark to determine whether the tech giant has any outstanding tax obligation, the company said on Monday. Google’s Danish unit, Google Denmark Aps, said in its financial report for 2019 that tax authorities had ‘commenced a review of the open tax years concerning the company’s tax position’.”

Business Standard (India): Google tax contributes merely 1% of direct tax kitty in major cities

Business Standard (India): Google tax contributes merely 1% of direct tax kitty in major cities. “The IT hubs of Bengaluru and Hyderabad have topped the chart of collections from Google tax so far this year. However, the mop up from the controversial levy made up just up to one per cent of the total from direct taxes in these circles till August 20. The collections from Bengaluru were Rs 176.9 crore [About $23,829,006 USD], or 0.57 per cent of the total direct tax receipts in the region. Hyderabad got Rs 118.3 [About $15,935,400 USD] crore from the levy, or 1.1 per cent of the direct tax receipts there.”

Neowin: EU wants the U.S. to come back to the table on digital taxes

Neowin: EU wants the U.S. to come back to the table on digital taxes. “The European Union has asked the United States to come back to the negotiation table to discuss the issue of digital taxation. The EU said that it wanted the talks to take place at the Organization for Economic Cooperation and Development (OECD) but that if those talks fell through, would be willing to make a new proposal at the EU level.”

ProPublica: The Most Common IRS Tax Forms You’re Likely to Come Across When Filing

ProPublica: The Most Common IRS Tax Forms You’re Likely to Come Across When Filing. “For those who haven’t filed yet, we recommend checking out our guide to filing your state and federal taxes completely for free, looking to see if you qualify for the Earned Income Tax Credit (EITC) or learning how to track your refund. Though the IRS offers the option of paper filing, with the current COVID-19 state of affairs — and a backlog of 11 million paper returns and documents — the agency is encouraging taxpayers to file electronically to ensure prompt payment of refunds and avoid filing errors. Most paid and free tax prep services will tell you which forms you need to file, but if you’re still confused, see below for a list of the most commonly used tax forms.”

Reuters: Indonesia imposes 10% VAT on Amazon, Google, Netflix and Spotify

Reuters: Indonesia imposes 10% VAT on Amazon, Google, Netflix and Spotify. “Indonesia imposed a 10% value-added tax on sales by technology firms including Amazon, Netflix, Spotify and Google on Tuesday, as spending patterns shift with increased remote working as a result of the coronavirus crisis, which has hit state finances.”

The Verge: How to file and pay your 2019 taxes online

The Verge: How to file and pay your 2019 taxes online. “Back in March, when it was recognized that the COVID-19 pandemic was taking hold in the US, the IRS extended the filing deadline and the deadline for federal tax payments so that those of us who suddenly had to figure out how to work at home or handle homeschooling would get a break from dealing with taxes. The vacation is over. The new deadline for filing your 2019 taxes is July 15th, and it is fast approaching. Whether you’re a full-time worker dealing with a single 1040 or a freelancer / gig worker getting a series of 1099s, the fastest way to pay the piper these days is to do it online.”

Billionaires By The Numbers: New Website Offers Insights Into Nation’s Biggest Fortunes (Americans for Tax Fairness)

Americans for Tax Fairness: Billionaires By The Numbers: New Website Offers Insights Into Nation’s Biggest Fortunes. “A new website launched today provides in-depth insights into the startling reality of America’s billionaires—their growth in numbers and fortunes over recent decades, staggering real-time net worth, and growing political influence. ‘Billionaires by the Numbers’ tracks the fortunes of U.S. billionaires and is particularly vital right now for a nation confronting long-standing economic injustice brought to light by disease, recession and racial oppression.”

The Register: Yahoo! owes! us! one! billion! dollars! in! back! taxes! say! US! govt! beancounters!

The Register: Yahoo! owes! us! one! billion! dollars! in! back! taxes! say! US! govt! beancounters!. “Yahoo! is still causing problems beyond the grave. The former tech giant, sold in 2017 to Verizon, branched off as separate company Altaba, and then dissolved in 2019, is still sitting on $13bn in cash. And, according to the US tax authorities, $1bn of that is owed to Uncle Sam.”

The Conversation: Google and Facebook pay way less tax in New Zealand than in Australia – and we’re paying the price (New Zealand Herald)

New Zealand Herald: The Conversation: Google and Facebook pay way less tax in New Zealand than in Australia – and we’re paying the price. “While the internet has created new opportunities for media and audiences alike, those opportunities have come at a price. Traditional media organisations now compete with giant digital platforms, not only for the attention of readers, but also for the advertising revenue that was once their lifeblood. Adding insult to injury, the digital platforms compete for audiences’ attention partly by distributing the news content that was first created and published by those now-struggling media organisations. This not only damages the media and public discourse, it is harmful to taxpayers.”

Economic Times: ‘Google tax’ could draw reprisal, US cautions India

Economic Times: ‘Google tax’ could draw reprisal, US cautions India. “India’s 6% equalisation levy on foreign online advertising platforms may impede its overseas trade and increase the risk of retaliation from countries where Indian companies are doing business, the US has cautioned. This is because its provisions do not provide credit for tax paid in other countries for the service provided in India, it said.”