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Posts Tagged ‘taxes’

IRS erroneously considered Fortnite V-Bucks and Roblox Robux “virtual currencies” subject to taxation

The IRS removed language from their Web site that listed Fortnite V-Bucks and Roblox Robux as examples of convertible virtual currencies, like Bitcoin. They were included on a page about virtual currencies as they relate to a new question on IRS Form 1040 that asks whether the taxpayer, sold, exchanged, or acquired financial interest ...

For the first time ever, taxes on the 400 richest Americans were lower than taxes on everyone else

In 2018, for the first time in recorded US history, the 400 richest American households paid a lower rate of tax than any other group of American taxpayers: 23%, down from 70% in 1950 and 47% in 1980.

The data come from a new book, The Triumph of Injustice: How the Rich Dodge Taxes and ...

Federal judge opens path for NY Grand Jury to review Trump’s tax returns

Immediately after a Federal judge dismissed President Trump's attempt to block a Grand Jury from reviewing his taxes, his lawyers appealed.

CNN:

A federal judge on Monday dismissed President Donald Trump's effort to prevent his tax returns from being turned over to a New York grand jury.

The ruling raises the likelihood that Trump's tax returns will ...

France’s tax on tech giants passes first vote

The lower house of the French parliament has voted in favor of the new tax on tech giants without any modification. Big tech companies that generate significant revenue in France will be taxed on their revenue generated in France. Economy Minister Bruno Le Maire has been lobbying other European countries so that big tech companies ...