TAX

IRS provides tax inflation adjustments for tax year 2022

November 13, 2021

Finance

British Reporter — The Internal Revenue Service today announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2021-45 PDF provides details about these annual adjustments.

IRS Criminal Investigation identifies $2.3 bln in tax fraud

The FINANCIAL — The Internal Revenue Service released the Criminal Investigation Division’s annual report PDF,

by The FINANCIAL

November 17, 2020

2 mins read

National EIP Registration Day: Community partners can help people sign up for Economic Impact Payment

The FINANCIAL — The Internal Revenue Service urged anyone who doesn’t normally

by The FINANCIAL

November 10, 2020

2 mins read

IRS urges students to register so they can receive $1,200 Economic Impact Payment

The FINANCIAL — The Internal Revenue Service (IRS) today urged any eligible self-supporting

by The FINANCIAL

November 6, 2020

2 mins read

America

IRS and tax industry warn taxpayers of a new coronavirus-related scam

The FINANCIAL — The Internal Revenue Service, state tax agencies and the tax industry today warned of a new text scam created by thieves that trick people into disclosing bank account information under the guise of receiving the $1,200 Economic Impact Payment.

by The FINANCIAL

November 5, 2020

1 min read

Finance

Internal Revenue Service announced changes to help struggling taxpayers

The FINANCIAL — The Internal Revenue Service announced a number of changes designed to help struggling taxpayers impacted by COVID-19 more easily settle their tax debts with the IRS. The IRS assessed its collection activities to see how it could apply relief

by The FINANCIAL

November 3, 2020

3 mins read

Finance

IRS released tax inflation adjustments for 2021

The FINANCIAL — The Internal Revenue Service announced the tax year 2021 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2020-45 PDF provides details about these annual adjustments. Highlights of changes in Revenue

by The FINANCIAL

October 27, 2020

2 mins read

Business

International community addresses tax challenges that occur from digitalisation of the economy

The FINANCIAL — The international community has made substantial progress towards reaching a consensus-based long-term solution to the tax challenges arising from the digitalisation of the economy, and agreed to keep working towards an agreement by mid-2021, according to a Statement released today. The OECD/G20 Inclusive

by The FINANCIAL

October 12, 2020

2 mins read

Tech

Apple won appeal over €13 billion against EU

The FINANCIAL — The General Court of the European Union issued its judgment in the Apple State Aid case today (Wednesday 15 July 2020) annulling the European Commission Decision. In 2016 The European Commission concluded that Ireland granted undue tax benefits of up to

by The FINANCIAL

July 15, 2020

2 mins read

Europe

The UK’s tax regime should be simplified, Blick Rothenberg

The FINANCIAL -- The UK’s tax regime should be simplified in an effort to get the UK economy open again, say leading tax and advisory firm Blick Rothenberg.

by The FINANCIAL

April 30, 2020

2 mins read

Tech

Facebook sued for $9bn in a tax court trial

The FINANCIAL — The Internal Revenue Service have accused Facebook of deliberately “downplaying” the value of its assets as part of a scheme to pay less US tax. The IRS claims that Facebook owes more than $9 billion linked to its decision

by The FINANCIAL

February 19, 2020

2 mins read

Georgia

AmCham Georgia has Criticized New Tax Rule

AmCham Georgia has sent letter to Minister of Finance Machavariani requesting suspension of recent changes in tax law, that requires all companies to pay tax within 5 days of import, rather than the 30 days that many companies are currently allowed. AmCham

by The FINANCIAL

June 8, 2019

5 mins read