Items tagged with Taxes
Tim Cook might seem like a soft spoken, mild mannered man from Alabama — well at least compared to former Apple CEO Steve Jobs — but there are some topics that get one of America’s most high-profile execs really worked up. And wouldn’t you know it, it’s one of two things that none of us can avoid: taxes (with the...
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Show of hands, who actually likes paying taxes? Anyone? It's not one of our favorite tasks either, and to add insult to injury, a band of advanced hackers reportedly infiltrated the Internal Revenue Service's records to collect personally identifiable information from over 100,000 taxpayers. It's believed that the...
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Frustrated with U.S. tax laws, many of the biggest names in the tech sector have been hoarding cash in countries that have favorable tax rules. Apple, Google and Microsoft are among a group of eight tech companies that are estimated to be storing as much as $420 billion offshore – one-fifth of the estimated $2.1...
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There's a new non-profit lobbying group in town, the Download Fairness Coalition, and it wants to stop double or triple taxation practices that states charge on digitally downloaded purchases, like music, movies or books. The group has pushed for, and gotten, a new bill dubbed the Digital Goods and Services Tax...
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A report in Business Week shows us one way that Google keeps its bottom line up. Using a complicated structure, the company sends most of its overseas profits overseas to known tax havens. With that, Google's corporate overseas tax rate is a low, low 2.4 percent. For a company with the unofficial motto of "Don't be evil," this seems, well,...
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We've previously written about the so-called "Amazon Tax," New York State's move to expand the definition of a physical presence in a state so as to be able to force a retailer to charge sales tax. WEe also wrote that this was just the beginning, and as we expected, things are accelerating. As many states face budget crises, they are looking...
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How do you stem a state's $15.4 billion budget gap? By implementing the age-old American tradition of creating new taxes, that's how! Because of the current state of the economy and New York State's dire budget woes, New York state residents might be surprised to find that Governor David Paterson's new $121 billion budget proposal looks to...
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