When the IRS began using computers in the early 60s, there was national outrage: how could a machine be trusted to look after our finances? This 10-minute video, fresh from the archives, was an attempt to convince people that everything would be OK.
The design of disco supergroup Abba’s stagewear was not just influenced by the sequined needs of being a dancing queen; the design of their clothes was also a form of tax evasion.
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So far, governments have had polarized reactions to Bitcoin: they either recognize it as a fully regulated currency or ban it outright. Germany, however, has just taken a more nuanced position. The country now recognizes Bitcoin as private money that stays tax-free for personal uses, such as non-commercial internet auctions. You’ll only have to pay taxes on business transactions. While the decision doesn’t give Bitcoin as much weight as the euro, it should reassure Germans who want to stay on the right side of the law.
[Image credit: Zach Copley, Flickr]
Filed under: Internet
Via: RT News
Source: Die Welt (translated)
If you’re a regular Internet shopper, you were probably paying close attention to the news yesterday as the U.S. Senate was in the process of voting on a bill deemed the “Internet Sales Tax” bill. Unexpectedly, the Senate passed the bill Monday night, which was being introduced as a way for states to collect sales tax for online purchases more easily.
The so-called Marketplace Fairness Act passed with a vote of 69 – 27 and will now head to the House where its future is uncertain at this point due to a number of Republicans possibly viewing the bill as an increase on taxes. A total of 45 states which currently charge sales tax would require large online retailers to collect taxes on purchases made by the resident of their state. The new law would only apply to online sellers whose sales reach at least $1 million outside of states where the company has a physical operations, such as stores or warehouses. (more…)
By Ubergizmo. Related articles: Pentagon Okays Use Of BlackBerry And Samsung Devices , Under the Radar: Meet C-Level Execs From Rackspace, BofA, Virgin America and more ($200 off door price promo code), 
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The debate over taxing out-of-state online sales in the US has been raging for years, but there are signs that the often messy saga is finally winding to a close… well, maybe. The Senate just voted 69-27 in favor of the Marketplace Fairness Act, a bill that would make internet retailers collect out-of-state sales taxes that Americans are already obligated to pay, but rarely do under a current system that puts the onus on (frequently unaware) buyers. Don’t be too hasty in cheering or jeering the apparent conclusion, however. The bill’s next stop is the House of Representatives, and the reception may be decidedly colder this time around. The act could be submitted to the President this year if it does survive the gauntlet, although a six-month buffer would likely push any tax changes to 2014 if the bill is ever signed into law.
[Image credit: Scrumshus, Wikipedia]
Filed under: Internet
Source: The Washington Times
A band of pro-tax Senators are attempting to rush through policy that would see online sales tax being paid even in states that don’t have sales tax. More »
Amazon has always been skilled when it comes to avoiding the tax man, but now tides are turning. Reuters reports that France is demanding $250 million in tax payments for a start. More »
According to an international financial statement filed by Apple, the company manages to pay just 1.9 percent income tax on its foreign earnings, meaning it pays a mere $713 million in tax on earnings of $36.8 billion. More »
Californians. Dudes. Dudettes. The gig is up, folks. Starting midnight, Amazon customers in the Golden State of California will have to start paying tax on purchases made on Amazon and “other large internet retailers”. Go click crazy now while you can! More »
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