Thursday, May 28, 2020

Digital Tax Around the World | Digital Economy & Digital Taxes

This paper reviews a multitude of digital tax policies around the world with a focus on OECD countries and points out the various flaws and benefits associated with the wide set of proposals.

The digital economy means many different things. The same is true for digital taxes. In this paper, digital taxes include policies that specifically target businesses which provide products or services through digital means using a special tax rate or tax base. [1]

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Publisher: Tax Foundation
Date: 2020-05-27T23:55:12-04:00
Twitter: @taxfoundation
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And here's another article:

Coronavirus stimulus check: Qualifications, payment status, debit card, taxes - CNET

As of the end of last week, the IRS said it has made more than 152 million payments and plans to continue sending checks through the end of the year to those who are eligible.

You can spend your stimulus money just like cash. The IRS will only reduce the payment to offset past-due child support.

On May 18, the US Treasury said it is starting to send about 4 million prepaid debit cards called EIP cards. The Treasury said it's sending these cards instead of paper checks to some eligible US residents for whom the government does not have banking information. We've asked the Treasury for clarification on who gets a card versus a paper check.

Publisher: CNET
Author: Clifford Colby
Twitter: @CNET
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Philadelphia workers urge taxing the rich instead of coronavirus layoffs

"The mayor needs to increase service, not cut it," said Iliyaas Muhammad, who cleans and seals abandoned houses for the city's Department of Licenses and Inspections. (His unit is not currently slated for cuts.)

* * *

The proposals are, for the most part, feasible, though they would require some legal finesse, experts say. The bigger question is whether they are politically feasible.

They would have to be approved by the mayor and City Council. And the city's business community would likely not be in favor.

Publisher: https://www.inquirer.com
Date: 2020-05-27T17:11:18.911Z
Author: Juliana Feliciano Reyes
Twitter: @PhillyInquirer
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North Texans Impacted Financially By Coronavirus Pandemic Fear Higher Property Taxes: ‘When


DALLAS (CBSDFW.COM) – As the Dallas City Council considers a property tax hike up to 8% , taxpayers across the Metroplex are waiting to see if their leaders will follow suit.

Spring is usually when homeowners protest their property taxes. But for many, a different kind of fight is already underway.

“Really there’s no job I can even apply to, honestly,” said Darrin Klice, who has been unemployed since February. “Very very few.”

Date: 2020-05-27T16:10:42 00:00
Author: https www facebook com CBSDFW
Twitter: @CBSDFW
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Many things are taking place:

Analysis: Rising property values — and taxes — during an economic slump

Texans can now eat in shopping mall food courts, go bowling, drink in bars, eat in restaurants, watch rodeos, get their hair fixed — and get steaming mad about their property taxes.

One of those activities was never interrupted. But between the pandemic and the economic slump, property owners' annual anguish over property appraisals and taxes has shifted.

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Date: 9CD4A96D8A076527F07FD24CFCDE5489
Author: Ross Ramsey The Texas Tribune
Twitter: @KBTXNews
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Personal, real estate taxes due June 30 in Albemarle County -

ALBEMARLE COUNTY, Va. (CBS19 NEWS) -- Personal and real estate taxes are due June 30 in Albemarle County because of the coronavirus pandemic.

According to a release, the way payments are being accepted has been modified in order to reduce the risk of transmitting the virus.

County residents are encouraged to use contactless payment methods, such as paying online with a credit card, electronic check or PayPal; paying by mail; paying by phone by calling (866) 820-5450 ; using the 24/7 automated payment kiosk at the County Office Building on McIntire Road; or by using a drop off box at either county office building.

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Proposed Greensburg Salem budget cuts staff instead of raising taxes | TribLIVE.com

Greensburg Salem’s School District’s proposed budget would furlough two teachers and eliminate several positions through attrition to keep taxes flat while making up for the projected loss of revenue caused by the coronavirus pandemic.

The school board held a special meeting via videoconferencing service Zoom Wednesday after failing to agree on a budget proposal last week.

The new proposal includes more cuts, and members approved it with a 6-3 vote. The proposed budget is not final — the board will vote one more time next month, and can make changes in the meantime.

Publisher: TribLIVE.com
Date: 2020-05-27T21:24:37-04:00
Author: Jacob Tierney
Twitter: @triblive
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How the $2.2 trillion CARES Act helps Americans save money on their 2019 taxes -

When the Trump administration pushed this year's income-tax deadline from April 15 to July 15 , it intended to give taxpayers some peace of mind and extra cash flow amid the coronavirus outbreak.

Those extra three months might also give people a chance to reduce their tax bill — so long as they feel they have solid financial footing at this precarious moment, experts say.

Taxpayers need to submit their 2019 tax returns or file for an extension by July 15. People must pay their 2019 tax bill by then, or arrange an installment plan with the Internal Revenue Service.

Publisher: MarketWatch
Date: 2020-05-28T00:04:00-04:00
Author: Andrew Keshner
Twitter: @marketwatch
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