Items tagged with Tax
If Federal Communications Commission (FCC) Chairman Tom Wheeler gets his way, phone bills will go up by 16 cents a month, or $2 per year, as part of a plan to fund faster Internet access in schools. This would apply to the E-Rate fee that appears on phone bills, which is a program to fund Internet access to schools...
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We doubt this will do much to close the budget deficit, but who knows? The Internal Revenue Service is considering taxing the use of work-issued mobile phones, according to a report in the Wall Street Journal. According to the report, the IRS has proposed that employers assign 25% of an employee's annual phone expenses as a taxable benefit....
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We've always heard that the best things in life are free. We've also heard that nothing great lasts forever. Mix those two mantras together, and you get this. Down in Louisiana, a $0.15 surcharge is being tossed around as an idea to stop online criminal activity (and raise state income, no doubt), which would be levied on Internet access across...
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You'll probably remember the portent of things to come: New York State's new sales tax on Internet retailers, which went into effect in June. Both Amazon.com and Overstock.com have sued over the tax, in fact, which was written so as to apply "physical presence" to retailers who had affiliates (generally, web sites advertising for the retailer)...
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All right, readers, we're sure some among you participate in the downloading of somewhat dicey material (read: copyrighted). If you could have a license to illegally download as much as you wanted - and yes, we suppose, if you had a license, it would no longer be illegal - how would you feel about it?On the other hand, if you had to pay such...
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With the so-called "Amazon Tax" taking effect in New York state on Sunday, Overstock.com filed suit Friday against New York, joining Amazon.com, which filed a similar lawsuit in early May.Overstock.com, which is based only in Utah, has no operations in New York, and sells exclusively through the internet, views the new law as unconstitutional...
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On Sunday, June 1st, the so-called "Amazon Tax" will go into effect in New York state. While formerly only retailers with brick-and-mortar stores in a state were required to collect sales tax, New York has enacted a law which forces etailers to collect tax on sales, if they have affiliates which redirect traffic to their sites (e.g., Amazon.com...
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The State of New York enacted a statute requiring Amazon.com to collect NY sales taxes on orders going to New York State residents. Technically, all Internet sales have long been subject to sales tax; the NY consumer was supposed to report such purchases and pay tax on them. You can imagine how little tax was collected by relying on consumers...
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Certainly, there's no lack of accidental data breaches. Companies, even countries like the U.K. have accidentally exposed sensitive information about customers or citizens. But to do it deliberately? Whoa.There has been outrage in Italy after the outgoing government published every Italian's declared earnings and tax contributions on the internet.The...
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Yes, the end is nigh. Not only has New York State's "Amazon Tax" been signed into law, it will take effect on June 1st.New York Internet shoppers, take note: in five weeks, sales tax-free shopping will end on many Web sites thanks to rewritten state rules that are trying to force Internet retailers to collect.At Chrono Tech Watches in...
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Filling out our California income tax this year, we laughed when we came upon the "Use Tax" section. Did we buy anything from out-of-state retailers that we owed California sales tax for? Of course we didn't! But whether or not we did, New York state is close to closing that loophole for its residents with the so-called "Amazon Tax."The so-called...
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Right? We all pay it if we live in California or other states which, when residents order from online retailers, aren't charged the normal exhorbitant sales tax (8% or more, depending on county, in California). Sure we do.One advantage of online shopping is that many Web sites don't charge sales tax in California, making what you...
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Subprime mortgage market? Stock market? What are you talking about? I was referring to BusinessWeek's report that municipal wireless networks are colossal money losers, and the companies that partnered with many cities and counties to offer it are tired of losing their shirt on expensive infrastructure and operating costs based on demand that...
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Tax collecting agencies are wising up that many people are making money on the internet, and some of them might be... less than enthusiastic about paying taxes on it. And they're sending out spiders, just like Google or Yahoo or any other search engine, and looking for taxable transactions....
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This will probably sound absurd to most of you, and rightfully so, but there's some question as to whether items obtained in an online game can be taxed. Even if there is no real world financial gain, player to player item transfers may one day be taxable. You know the saying, the only assurances in life are death and taxes, and without...
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The news is moving at a slow crawl this weekend, but have no fear, it will be back to normal once the week starts. Heh, yesterday a friend brought over his computer because it wasn't working... well come to find out it stopped working when his CPU Fan broke, and he used the computer any ways... while it was...
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