Irish Times: Google Ireland agrees €345m tax settlement with Revenue

Irish Times: Google Ireland agrees €345m tax settlement with Revenue. “Tech giant Google Ireland agreed a €218 million tax settlement with Revenue this year, according to documents just filed. This formed part of its total corporate tax bill of €622 million, which is detailed in its 2020 financial accounts. Google Ireland also paid €127.2 million in interest to Revenue, the company documents show, bringing the full settlement to €345.2 million.”

Government Accountability Office: How the Pandemic is Changing the IRS

Government Accountability Office: How the Pandemic is Changing the IRS. “At the onset of the pandemic, IRS had to temporarily shut down its onsite operations, including its mail processing facilities. The impact could be felt by taxpayers, who waited longer for returns to be processed or to receive COVID-related economic relief checks. But the pandemic also disrupted IRS’s tax enforcement programs used to check that information provided by taxpayers is verified, and that the correct amount of tax is paid to the federal government. Today’s WatchBlog post looks at our new work on how IRS was impacted by COVID-19 in 2020 and 2021, as well as the long-term changes the pandemic may have on its operations.”

Politico: Round one of child tax credit payments slashed hunger rates, U.S. data shows

Politico: Round one of child tax credit payments slashed hunger rates, U.S. data shows. “The percentage of American families with kids who report not having enough to eat fell dramatically after the first child tax credit payments were distributed last month, according to new data from the U.S. Census Bureau. The government’s finding shows that the monthly payments are having a major and immediate impact on millions of households, potentially bolstering President Joe Biden’s push to extend the tax credit past the end of this year, when it is set to expire.”

Search Engine Land: Google passes on 2% “Regulatory Operating Cost” for ads served in India and Italy

Search Engine Land: Google passes on 2% “Regulatory Operating Cost” for ads served in India and Italy. “Beginning on October 1, 2021, Google will include a 2% ‘Regulatory Operating Cost’ surcharge to advertisers’ invoices for ads served in India and Italy, according to an email sent to Google advertisers on Tuesday. The surcharge applies to ads purchased through Google Ads and for YouTube placements purchased on a reservation basis.”

Rebuild Local News: Rebuild Local News coalition backs Senate bill to preserve community journalism

Rebuild Local News: Rebuild Local News coalition backs Senate bill to preserve community journalism. “The bill — jointly introduced by the chair of the Senate Commerce Committee, Sen. Maria Cantwell (D-WA), Sen. Ron. Wyden (D-OR), the chair of the Senate Finance Committee, and Sen. Mark Kelly (D-AZ) — seeks to provide a pathway to financial viability for local news in newspapers, in digital only publications, and on television and radio stations through a series of tax credits. The legislation mirrors a similar bill introduced in the House by Reps. Ann Kirkpatrick (D-AZ) and Dan Newhouse (R-WA), which has strong bipartisan support.”

The Guardian: If the British understood taxes better, perhaps we would vote for them to be fairer

The Guardian: If the British understood taxes better, perhaps we would vote for them to be fairer. “TaxLab, an information service unveiled by the Institute for Fiscal Studies, is a wonder of elegant clarity, its impartial explainers revealing what everyone should know: and it’s guaranteed to surprise most people. Two years in construction, the Economic and Social Research Council (ESRC) and the Friends Provident Foundation funded it to create a better-informed electorate. A mouse-click shows that people in Britain pay less tax (in 2019 figures), at 33% of GDP, than the EU average of 39%, while in Denmark it’s 46%. Put in your pay and TaxLab shows exactly where you stand in the income pecking order: people wildly miscalculate, both rich and poor, placing themselves too near the middle. Young people are generous to older people, but if they understood the tax biases benefiting retired people they might be more […]

University of Michigan: New website answers Michiganders’ questions about expanded Child Tax Credit

University of Michigan: New website answers Michiganders’ questions about expanded Child Tax Credit. I skimmed this site and saw nothing that was Michigan-specific. It looks useful for anyone with questions about this credit. “The first step to receive the tax credit is to file taxes for 2020, and the tax filing deadline is extended to May 17 this year. Parents of children under 18 may be eligible to receive this money, even if they have not previously filed taxes and have low or no earnings. Visit the Child Tax Credit: What You Need to Know website to learn more about eligibility for the expanded tax credit and see answers to frequently asked questions.”

CNBC: Covid masks and hand sanitizer can get you a tax break, IRS says

CNBC: Covid masks and hand sanitizer can get you a tax break, IRS says. “Americans can get a tax break this filing season for masks, hand sanitizer, sanitizing wipes and other personal protective equipment to prevent the spread of Covid-19, the IRS announced Friday. The tax code lets taxpayers deduct medical costs that exceed 7.5% of their adjusted gross income each year. The IRS is counting costs incurred for PPE as a medical expense that qualifies for the tax break.”

ProPublica: Where Is My Tax Refund?

A little outside the ResearchBuzz lane, but tax season is so weird this year I thought it would be worth it. Apologies to non-US readers. ProPublica: Where Is My Tax Refund?. “For many Americans, hitting ‘submit’ isn’t the last step in the tax-filing process. Here’s what you need to know about checking your return’s status, reasons it may be delayed and the truth about companies that promise quick cash during tax season.”

BetaNews: Phishing campaign uses US tax season to lure victims

BetaNews: Phishing campaign uses US tax season to lure victims . “Researchers at Cybereason have detected a new campaign targeting US taxpayers with documents that purport to contain tax-related content. These deliver NetWire and Remcos — two powerful and popular RATs which can allow attackers to take control of the victims’ machines and steal sensitive information. The malicious documents used are roughly 7MB in size, which allows them to evade traditional AV mechanisms and heuristic detection.”

NBC News: IRS pushes tax filing deadline by one month, to May 15

NBC News: IRS pushes tax filing deadline by one month, to May 15. “The Internal Revenue Service is pushing back the tax filing deadline for all taxpayers from April 15 to May 15, the agency confirmed to CNBC on Wednesday. The IRS this year began accepting 2020 returns as late as Feb. 12 instead of its customary January start date. But it had kept the filing deadline at April 15, resulting in a shorter filing season.”

New York Times: For Gig Workers and Business Owners, Taxes Are Even Trickier Now

New York Times: For Gig Workers and Business Owners, Taxes Are Even Trickier Now. “Tax time is always complicated for freelancers and business owners, but this year, it’s especially swampy. Pandemic relief programs that helped small companies and self-employed individuals created new tax challenges. And many people had unusually jumbled patchworks of jobs and income sources last year.”