tax bills

tax bills

California To Hit Startup Founders with Big Retroactive Tax Bills

www.xconomy.com
Brian Overstreet California is a great place to live and work, but it is not a particularly friendly place to start and run a small business. In 1999, I co-founded Sagient Research Systems, an enterprise-focused data company in San Diego. Over the ensuing 13 years we tinkered, triumphed, failed, and...
California To Hit Startup Founders with Big Retroactive Tax Bills

Apple CEO Tim Cook Will Take Hard Questions From Congress This Week

www.businessinsider.com
The Apple chief executive is likely to be asked to justify why his company reports a 25.2 per cent tax rate, yet pays 15 per cent to the US authorities and then sets aside additional cash for possible future tax liabilities. The complex tax planning, commonplace in large companies, has allowed...
Apple CEO Tim Cook Will Take Hard Questions From Congress This Week

Facebook paid £2.9m tax on £840m profits made outside US, figures show

www.guardian.co.uk
Company channelled bulk of profits through Ireland and onto Cayman Islands, allowing to it pay just £238,000 to UK taxmanFacebook has become the latest multinational to come under the spotlight for its tax affairs after figures revealed it paid just £2.9m in tax on profits of more than more than...
Facebook paid £2.9m tax on £840m profits made outside US, figures show

How Apple's Phantom Taxes Hide Billions In Profits

www.businessinsider.com
NEW YORK (AP) -- On Tuesday, Apple is set to report financial results for the second quarter. Analysts are expecting net income of $9.8 billion. But whatever figure Apple reports won't reflect its true profit, because the company hides some of it with an unusual tax maneuver. Apple Inc., already...
How Apple's Phantom Taxes Hide Billions In Profits

Tax: how Amazon passed the Slough test and prospered

www.guardian.co.uk
HMRC believes Amazon has no fixed place of business in the UK. Perhaps it needs to look again at what goes on in BerkshireThe way companies are taxed has changed with the way corporations have developed in the last 100 years, expanding beyond national borders. The emergence of substantial international...
Tax: how Amazon passed the Slough test and prospered

How to have an Amazon-free Christmas ... and save money

www.guardian.co.uk
We price checked this year's top toys and found that people concerned about the online giant's tax issues can easily shun itAmazon, Britain's biggest online retailer, is undeniably cheap. But in the three years in which it amassed £7bn in UK sales, it paid no corporation tax on any of...
How to have an Amazon-free Christmas ... and save money

Mark Zuckerberg Will Have To Pay $1.5 Billion In Taxes After The Facebook IPO

www.businessinsider.com
Facebook CEO and cofounder Mark Zuckerberg is going to have to pay $1.5 billion in income taxes after the company's shares begin public trading in May, the Financial Times reports. The reason: In 2005, Zuckerberg was granted new stock options as part of his compensation. Facebook says that those...
Mark Zuckerberg Will Have To Pay $1.5 Billion In Taxes After The Facebook IPO

Yes, it's another Verizon-Vodafone rumor, this time of a $100B buyout

gigaom.com
And lo, the Verizon-Vodafone rumor mill rumbles on. Just weeks after Verizon scotched rumors that it was planning a $245 billion takeover of its British counterpart, we have a new report, coming out of Reuters, that suggests Verizon is now preparing to buy out Voda’s share in their joint venture,...
Yes, it's another Verizon-Vodafone rumor, this time of a $100B buyout

Inquiry Into Tech Giants' Tax Strategies Nears End

www.nytimes.com
Companies like Apple have drawn scrutiny because of their penchant for shifting profits overseas, resulting in low American tax bills....
Inquiry Into Tech Giants' Tax Strategies Nears End

Facebook to Halve Its Credit Line

online.wsj.com
Facebook is planning to reduce by half a $3 billion line of credit that it received from its bankers prior to its May initial public offering, as its slumping stock leaves it with lower tax bills....
Facebook to Halve Its Credit Line

Twitter Posts A Profit In The U.K.

www.businessinsider.com
Twitter, which is inching towards an $11bn (£6.8bn) US stock market flotation, posted profits of just £16,500 in the much-delayed maiden accounts for its UK subsidiary. It is too early to tell, however, whether the microblogging website will adopt the kind of financial structures favoured by other internet firms such...
Twitter Posts A Profit In The U.K.

Microsoft: Tax bills for Windows 8 gift tablets just a mistake

www.zdnet.com
If you’re among those who received a free Samsung Windows 8 tablet from Microsoft at Build and have erroneously gotten a tax bill for it, Microsoft plans to make good on it....
Microsoft: Tax bills for Windows 8 gift tablets just a mistake

The California tax that terrifies tech

tech.fortune.cnn.com
Retroactive tax bills and the elimination of a state tax-break for California's entrepreneurs and early stage investors could force them to move to ... Texas. By Omar Ahktar, reporter FORTUNE -- Entrepreneurs and investors in California can expect to receive a rude shock in the mail if they sold their...
The California tax that terrifies tech

Looming Internet sales tax bills jolt consumers, retailers

news.cnet.com
U.S. Senate begins debate on proposed law that would require Internet retailers to collect sales taxes around the country, despite objections from online sellers that it goes too far. [Read more]...
Looming Internet sales tax bills jolt consumers, retailers
IRS to Zuck: Nice IPO, bro! That'll be $1 billion

Idaho Wants to Tax the Cloud

online.wsj.com
Businesses have found out that buying cloud services can help them cut their technology costs, but many companies in Idaho are now discovering it can also increase their tax bills....
Idaho Wants to Tax the Cloud

Amazon boss quizzed on tax - video

www.guardian.co.uk
Amazon's vice-president of Europe operations is asked to respond to MPs' allegations that the firm is 'immorally' minimising its UK tax bills...
Amazon boss quizzed on tax - video

Last Year's Tax Rate May Not Survive In 2013, But Your Cable Service Probably Will

allthingsd.com
Image copyright Vicki FranceNow that the fiscal cliff has collapsed, we can be pretty certain our tax bills are going up unfortunately. And a Reuters report in August suggested that cable/satellite TV subscribers are dropping like flies, with the industry losing 400,000 customers in just seven months. But as Peter...
Last Year's Tax Rate May Not Survive In 2013, But Your Cable Service Probably Will
Here's Why Facebook Is Getting A Refund On Its Income-Tax Bills (FB)

Maine Gov adds voice to growing cacophony in support of collecting online sales tax

thenextweb.com
There’s a bill in Congress that is designed to give states the ability to force online retailers to collect sales tax. Called the Marketplace Fairness Act, you can read it here, it looks to level the market, making local businesses more competitive with online stores, which often do not collect sales...
Maine Gov adds voice to growing cacophony in support of collecting online sales tax

US Senate votes in support of comprehensive online sales tax

thenextweb.com
The US Senate has voted in favor of a proposal that could give states power to collect taxes on Internet purchases made from out-of-state retailers, the Associated Press reports. The provision hasn’t become law just quite yet, but the vote reveals the strong level of support it has on the...
US Senate votes in support of comprehensive online sales tax
Use stocks, not options, as a solution to dilution

HMRC has questions to answer over Amazon and Google's tax bills | Nils Pratley

www.guardian.co.uk
Surely when a company employs staff in the UK to conduct trade with UK customers it is doing business in the UK - if HMRC thinks its hands are tied it had better explain whyAre Amazon and Google the lucky beneficiaries (or shameless exploiters, if you prefer) of tax rules...
HMRC has questions to answer over Amazon and Google's tax bills | Nils Pratley

Australia wants $29M in back taxes from Apple

gigaom.com
Apple’s well-documented accounting acrobatics have saved it from larger tax bills in its home country and abroad, but apparently not in Australia. On Friday the Sydney Morning Herald reported that Australian government billed Apple Australia for a whopping $28.5 million in taxes it hadn’t paid for fiscal year 2011. Apple’s...
Australia wants $29M in back taxes from Apple
Zuck’s docs get fast-tracked by the FTC in pre-IPO rush

Vince Cable criticises foreign firms over tax

www.guardian.co.uk
Business secretary Vince Cable says chancellor should tackle multinationals which are 'abusing' UK tax systemThe chancellor should use his autumn statement next month to "get to grips" with growing evidence that multinational corporations are "systematically abusing" the UK tax system, business secretary Vince Cable said yesterday."Some of them do seem...
Vince Cable criticises foreign firms over tax

Facebook accused of taking UK for a ride over taxes

www.guardian.co.uk
Figures suggest only 11% of sales in UK are declared, with company benefiting from basing its HQ in DublinFacebook has been accused of taking the British taxpayer for a ride after experts suggested the company had depressed sales figures and that the website's average UK employee earned more last year...
Facebook accused of taking UK for a ride over taxes

Struggling with Time-Debt

www.getrichslowly.org
I recently found myself, late one night, staring at my computer screen with a sinking, hard feeling in my stomach and a bad taste in my mouth. A familiar bad taste. The taste of debt. But I wasn’t looking at my bank statement — I was looking at my calendar....
Struggling with Time-Debt

Anger grows over large companies' tax bills as attention turns to eBay and Ikea

www.guardian.co.uk
Companies come under pressure after revelation that Starbucks has not paid UK corporation tax for three yearsPressure is mounting on large multinational companies to pay their fair share of tax following new revelations about the amount of tax paid by eBay and Ikea.The focus on the tax affairs of the...
Anger grows over large companies' tax bills as attention turns to eBay and Ikea

Online sales tax bills gather major congressional support

www.computerworld.com
A large group of U.S. lawmakers has reintroduced legislation that would require online retailers to collect sales tax for state and local governments, essentially raising the cost of many online purchases by 10 percent or more....
Online sales tax bills gather major congressional support
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