LONDON — Apple won a major legal victory on Wednesday against European antitrust regulators as a European court overruled a 2016 decision that ordered the company to pay $14.9 billion in unpaid taxes to Ireland.
The decision, which can be appealed to the European Union's top court, is a setback for the region's efforts to clamp down on what the authorities there believe is anti-competitive behavior by the world's largest technology companies. Google and Amazon have other court appeals pending as they seek to overturn decisions that they broke European competition laws.
And here's another article:
Capital gains tax review is standard practice, says Treasury - BBC News
The Treasury has launched a review of the capital gains tax system to "ensure the system is fit for purpose".
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"It would be naïve to assume the chancellor didn't have his eye on tweaking taxes to refill his coffers," said Nathan Long, analyst at Hargreaves Lansdown.
"I would be interested in any proposals from the OTS on the regime of allowances, exemptions, reliefs and the treatment of losses within CGT, and the interactions of how gains are taxed compared to other types of income."
Should Robots Pay Taxes? | PCMag
COVID-19 means the US delayed this year's federal tax deadline to July 15; if you've procrastinated, it's time to get to it . But while tax collectors will only accept payment from humans in 2020, will we soon be sending tax bills to robots, too?
That's the question posed by Jordan Harrod , a medical engineering and neurobiology PhD student at Harvard by day and YouTube creator by night. On her channel, she digs into geeky topics like whether it's possible to make artificial intelligence speak and the aforementioned android taxation.
Opinion | It's Never Been Easier for the Rich to Evade Taxes - The New York Times
The Internal Revenue Service is one of the few government agencies that make money. For every 33 cents in its budget, the I.R.S. collects $100. Its budget-to-revenue ratio ranks among the lowest for tax collection agencies in the world.
Yet the I.R.S. also lets hundreds of billions of dollars slip through its fingers each year. This "tax gap" — recent estimates pegged it at $381 billion a year between 2011 and 2013 — comes from people and businesses that underreport their income, pay less than what they owe or owe taxes but simply don't file a return.
Other things to check out:
How to turn Tax Day into a $6,000 savings opportunity
That also means it's your last chance to contribute to your individual retirement account for the 2019 tax year.
Savers can sock away up to $6,000, plus $1,000 if they're age 50 or over, in an IRA. This is the total amount you can apply toward traditional and Roth IRAs for 2019.
More from Smart Tax Planning:
There's $1.5 billion in tax refunds on the table. Get your share
Procrastinators: Beware these 5 Tax Day flubs
Treasury Department is canceling stimulus payments to dead people
Wall Street bankers: We'll gladly pay higher taxes to get rid of 'the existential threat'
“ 'Wall Street's not this amorphous, unified blob, but the majority of people I talk to on Wall Street think it's worth taking the hit to get Trump out of office. They view him as an existential threat.' ”
That's one Wall Street banker explaining to Vanity Fair in an interview how, from his perspective, his peers are gladly preparing to navigate markets under a Joe Biden presidency.
"They're saying, 'We'd like to see Biden crush Trump,'" he continued, adding that he doesn't want Democrats to take control of the Senate. In his world, legislative gridlock is a good thing and voting for Republicans to keep the Senate is basically "making sure nothing radical happens."
While Taxes are Due Today United Ways of California Says 'It May Not be Too Late to Do Your
No one should pay to prepare and file their federal and state tax returns during a pandemic which has left millions unemployed. Two out of five Coronavirus Aid, Relief, and Economic Security (CARES) Act recipients with $500 or less in the bank spent half of their stimulus monies within 10 days of receipt. Tax preparation and filing cost families already struggling to meet basic needs several hundred dollars or more. Free tax preparation helps those struggling to balance budgets.
Tax Day 2020 Specials, Freebies & Deals A Lot Lighter Than In Past Years
Hopefully, more deals will be popping up so check back. To help you find them quickly, new additions will be noted with (NEW).
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Please note that these specials are based on information passed along from companies and their representatives, as well as social media. While I've made every effort to make sure that they're accurate, I haven't been to each location and/or company so I can't personally vouch for them. Remember, too, that many of these companies are franchises and may have different promotions or may not participate at all. Be sure to read the fine print.
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