A view of Amazon's headquarters in Luxembourg. The online retail giant on Tuesday prevailed at the European Union's second-highest court in a major tax case. Emmanuel Dunand/AFP via Getty Images hide caption
Amazon has won a major court fight against a European Commission order that it pay 250 million euros ($303 million) in back taxes to Luxembourg deemed "illegal state aid."
The General Court of the European Union is based in Luxembourg, where Amazon has its European headquarters. It rejected the European Commission's contention that the online retailing giant enjoyed a selective advantage in the tax deal.
Why you might want to pay taxes with a credit card - CNET
No, you're not late… yet. Taxes this year aren't due until May 17 , extended from the typical April 15 deadline because of the pandemic. But the deadline's getting close and you might be weighing options, especially if you have a big tax bill and not enough cash on hand.
Still, there's a case to be made for paying for taxes on credit that starts with doing some math. There are benefits of using a credit card: reward points, miles or cash back. But do they exceed the fees you'll pay to process the transaction? The following is some handy information to help you make that calculation.
Casino taxes, city power at stake in Atlantic City future
ATLANTIC CITY, N.J. (AP) — Can Atlantic City's casinos survive and thrive amid a pandemic and unending competition all around them, and are city officials ready to competently run their own government?
New Jersey lawmakers are wrestling with those questions; the answers could have a big impact on the future of the famous seaside gambling resort.
Two measures before the state Legislature deal with how much Atlantic City's casinos pay in lieu of taxes and whether the state should extend its takeover of local government power for another four years.
When It Comes to Taxes, Being Tracked Can Be a Good Thing - The New York Times
Moving out of a city for more space in the suburbs is a pretty common goal. It often marks a maturation point for Americans with young children, who value well-regarded schools over a nightlife scene.
With the May 17 tax filing deadline approaching, people who have moved to another state or are working more remotely need to be extra vigilant with their tax documents. For Mr. Sheu, that involves an app on his smartphone that uses location services to track him all the time. What he is sacrificing in privacy, he is gaining in peace of mind, knowing he will be able to show exactly when and where he was in a particular state, should California's tax authority come after him.
Most Americans have just a few days left to file 2020 tax returns
The deadline for 2020 returns is Monday, May 17. In March, the IRS pushed back the date for individual returns due to the coronavirus pandemic, giving most Americans an extra month to file.
Even with the additional time, many Americans procrastinate preparing and filing, an often-confusing task made more complicated by the health crisis and legislation passed in the middle of this year's filing season.
"It's always important to file your taxes, it's your obligation," said Allison Koester, a former CPA and associate professor at Georgetown University's McDonough School of Business.
Guest Commentary: Holding the line against new taxes will improve California's economic future |
Proposing tax increases is not something new or rare for members of the California Legislature. Each year, state lawmakers introduce myriad bills aimed at increasing taxes and fees on individuals, businesses and consumer products.
What is new, however, is that prominent individuals have begun moving out of state, citing the Golden State's burdens on businesses and wealthy individuals who pay the vast majority of taxes received by the state. And they are not wrong. Californians, in particular businesses and wealthy individuals, continue to pay some of the highest taxes in the nation.
Republicans Reject Tax Increases After Biden Infrastructure Talks - WSJ
WASHINGTON—The top Republicans on Capitol Hill told President Biden Wednesday they would oppose any effort to raise taxes to pay for an infrastructure proposal, leaving a central issue in the talks unresolved as Republicans and Democrats search for a bipartisan compromise.
The two sides agreed to discuss areas where they could find common ground on infrastructure during the Oval Office meeting, which also included House Speaker Nancy Pelosi (D., Calif.) and Senate Majority Leader Chuck Schumer (D., N.Y.). But Senate Minority Leader Mitch McConnell (R., Ky.) and House Minority Leader Kevin McCarthy (R., Calif.) said they would oppose Mr. Biden's proposed tax increases to cover the cost of a package.
What impact could working from home have on your taxes? - ABC Columbia
ABC NEWS– Due to the pandemic, many Americans worked from home or started a side job in 2020. That could impact how you file your taxes.
Your 2020 taxes: TurboTax, H&R Block, Credit Karma and more contact phone numbers - CNET
We'll help you get in tough with your tax preparer if you filed your taxes with one of these popular software providers.
Here's a handy list of some of the top tax service providers and how to get in touch with them if you need help.
Pell City Schools asking for taxes to be raised in order to fund new projects | CBS 42
PELL CITY, Ala. (WIAT) — Pell City Schools wants to raise taxes in order to pay for a number of new projects.
Superintendent James Martin is proposing a levy of 5 mills on property owners. During a meeting Monday, Martin and others went into great detail about the upgrades and improvements they want to make, from storm shelters in Coosa Valley and Eden Elementary Schools to the complete renovation of Pell City High School.
Happening on Twitter
#BREAKING Amazon wins EU court appeal in Luxembourg tax case https://t.co/EUZA49C9k8 AFP (from France) Wed May 12 09:36:28 +0000 2021
No comments:
Post a Comment