Last month, several external hard drives with confidential state taxpayer information went missing from the Florida Department of Revenue. And this week, the Florida Department of Law Enforcement arrested the suspected culprit: 21-year-old Andru Reed, who allegedly took the hard drives home to download video games for…
The IRS’s direct payment system crashed hard on Tuesday, which just so happens to be the filing deadline for returns from 2017. As a result, numerous taxpayers who waited until the last minute complained that they would be forced to turn to high-fee alternative methods or brave Mad Max-style conditions at the Post…
Bitcoin may have peaked in terms of value and public interest in 2017, but the cryptocurrency has been far less popular this tax season. According to a recent report, fewer than 100 people have reported bitcoin holdings so far.
1-Click ordering a massively discounted flat-screen TV, or seventy pounds of coarse-grained salt, it can be easy to forget, or temporarily repress, all those stories you’ve read about, say, working conditions in Amazon’s warehouses, or its propagation of the gig economy through contract labor.
During his first State of the Union on Tuesday, in between cloying pleas for Democrats to help build his dumb wall and confused references to “beautiful clean coal,” President Donald Trump once again promised the country that tech giant Apple would be investing a badly needed $350 billion in the U.S.
If Miami is still around in 100 years, its residents should probably be thanking outgoing mayor Tomas Regalado’s barista, who also happens to be his son.
If devastating wildfires sweep across California again next year—not unlikely considering even Governor Jerry Brown has called it the “new normal”—the hardest hit may not be eligible for the same support as they are this year, thanks to the GOP’s fast-moving tax bill.
Apple, whose CEO Tim Cook likes to talk a big game about how the tech industry should be more socially responsible while overseeing an international tax-avoidance regime that puts Scrooge McDuck’s gold-filled vault/swimming pool to shame, has agreed to repay Ireland $14.6 billion (around €13 billion) in unpaid taxes,…
Apple CEO Tim Cook, whose company mostly sells consumer products, has largely avoided being sucked into the rapidly expanding scandal over the alleged Russian effort to promote internal division in the US before the 2016 elections—unlike other tech giants like Google, Twitter and Facebook, all of which now admit some…
The European Union’s competition commissioner Margrethe Vestager issued a recovery order against Amazon on Wednesday over hundreds of millions of euros in back taxes the company avoided by routing its finances through Luxembourg.
US tech giants like Google, Amazon, Apple and Facebook which do business in the European Union have long ... avoided paying billions in taxes on their European operations through, uh, creative use of tax laws. That all might come to an end soon, if a group of member countries led by France is able to get their way.
It’s always a good time to check in on former Microsoft CEO Steve Ballmer. It seems that since he retired he’s been bored. So, he decided to pour millions of dollars into figuring out how the U.S. government spends his millions (billions?) of dollars in taxes. And he’s releasing all of that data on tax day so the…
Alabama is launching a pilot program this year that will allow residents to more “securely” file their taxes by using an app that verifies their identity with a selfie. Those who try it out are promised faster processing and a quicker return. As tempting as that is, you probably shouldn’t do it.
On Wednesday, a federal judge authorized a summons requiring Coinbase, America’s largest Bitcoin service, to provide the IRS with the records of every user who traded on the site between 2014 and 2015. Covering the identities and transaction histories of millions of costumers, the request is believed to be the largest…
The EU’s Executive Commission just ordered Apple €13 billion ($14.5 billion) plus interest for back taxes it owes Ireland. So what does that bill really mean? For the most valuable company on Earth, not much.
Facebook could be in trouble with the US Internal Revenue Service. The Justice Department filed a lawsuit on Wednesday, hoping compel Facebook to turn over information regarding any transfer of global assets to an Irish-based holding company on its 2010 tax return. The IRS is investigating whether Facebook undervalued…
Cupertino mayor Barry Chang is apparently not an Apple fanboy. In a fiery interview with The Guardian, Chang says he was kicked out of Apple HQ when he was a city councilman. He was hoping to have a meeting about the city’s growing traffic congestion to which Apple contributes considerably. He didn’t get one.
Apple, like many other companies, is infamous for funneling money through its European headquarters in Ireland and benefitting from a lower tax rate. Well, Italy’s had enough of it, and Apple just agreed to pay the boot-shaped country $348 million in back taxes. Tim Cook must be pissed.
The Internal Revenue Service suspect that Russian hackers are the culprits who stole the tax records of at least 100,000 people this year, and—yep, you read that right. Russian hackers! If you’re getting déjà vu, that’s because this marks the third time in very recent history that US government websites have been…
Paying taxes is generally an unpleasant time. But the baseline misery of siphoning cash back to bureaucrats sounds downright delightful compared to getting straight up robbed, which is what happened to a lot of people this year. The Internal Revenue Service shut down an online tax filing program today after announcing…
