IRS Launches Gig Economy Tax Center

by Mike Godfrey, Tax-News.com Washington

Last updated 45 hours ago | Wednesday, January 15, 2020

On January 9, 2019, the United States Internal Revenue Service announced the launch of a new Gig Economy Tax Center, which is intended to help taxpayers meet their tax obligations through more streamlined information. Read Full Story

Dutch Senate Approves Tax Plan

by Ulrika Lomas, Tax-News.com, Brussels

Monday, December 23, 2019

On December 17, 2019, the Dutch Senate approved numerous tax measures as part of the 2020 Tax Plan, including changes to corporate, individual, and value-added taxes. Read Full Story

Wyden Bill Would Close US Carried Interest 'Loophole'

by Mike Godfrey, Tax-News.com, Washington

Friday, May 31, 2019

On May 23, 2019, the Ranking Member of the United States Senate Finance Committee, Ron Wyden (D-OR), introduced a bill to change the tax treatment of income earned by investment fund managers. Read Full Story

Denmark Seeking To Modernize Labor Tax Rules

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 5, 2019

On March 25, 2019, the Danish Tax Ministry announced that it is studying ways in which the tax system can be adapted to new forms of employment and ways of working, with an emphasis on technological developments. Read Full Story

Switzerland To Maintain 2018 Interest Rates For Overdue Tax, Refunds in 2019

by Ulrika Lomas, Tax-News.com, Brussels

Monday, October 29, 2018

Switzerland will keep unchanged the amount of interest charged to taxpayers on outstanding tax payments during 2019. Read Full Story

US Urged To Trim Tax Form W-4

by Mike Godfrey, Tax-News.com, Washington

Monday, July 16, 2018

The American Institute of CPAs has urged the Internal Revenue Service and the US Treasury Department to simplify the draft 2019 Form W-4, Employee's Withholding Allowance Certificate, and the accompanying instructions, to reduce administrative burdens on taxpayers. Read Full Story

Scottish Taxpayers 'Grappling With Complexity Following Tax Devolution': CIOT

by Jason Gorringe, Tax-News.com, London

Thursday, April 12, 2018

The Chartered Institute of Taxation says Scottish taxpayers now face more complexity than ever before, due to the introduction on April 6, 2018, of new rates and bands of income tax. Read Full Story

IRS Warns Taxpayers On Virtual Currency Tax Compliance

by Mike Godfrey, Tax-News.com, Washington

Monday, March 26, 2018

The US Internal Revenue Service on March 23 warned taxpayers that they must report income from virtual currency transactions in their income tax returns. Read Full Story

Tax Fallout From Uber's Lost Appeal On Employment Rights

by Jason Gorringe, Tax-News.com, London

Monday, November 13, 2017

Per the findings of a London-based Tribunal, Uber, and other gig economy companies like it, may face footing taxes normally borne by traditional employers on behalf of those making a living by offering services to users through its app. Read Full Story

UK Taxpayer Group Welcomes National Insurance Decision

by Jason Gorringe, Tax-News.com, London

Monday, November 6, 2017

The announcement from the UK Government that it will delay repealing Class 2 national insurance contributions (social security tax) has been welcomed by the Low Incomes Tax Reform Group. Read Full Story

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