To paraphrase an old investment ad campaign: “When Charlie Munger speaks, people listen.” After all, Munger has had a storied career spanning decades with Warren Buffett, is a billionaire and as vice chairman of Berkshire Hathaway has a platform to discuss all manner of public...
France and Germany have come up with a compromise for a European Union (EU)-wide digital tax, abandoning a wide-ranging 3 percent tax on revenues generated by ad sales in the digital economy. According to the Financial Times (FT), the new version would target tech giants like Facebook...
The Internal Revenue Service (IRS) is paying $1.7 million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.” According to Quartz, the U.S. government collected approximately $4.7 billion in taxes last year on nearly $13 billion in revenue from legal cannabis...
With news of the Trump Administration’s planned 25 percent tariff on Chinese imports circulating, the National Retail Federation (NRF) said the move could be very detrimental to the U.S. economy. In particular, the NRF’s president and CEO Matthew Shay told Chain Store Age that the move would...
A day after the U.S. Supreme Court opened the door to state collection of sales taxes for eCommerce purchases, questions swirled about software, Congressional action, marketplace sellers and how consumers would react. Five Supreme Court justices may have settled one of the longstanding issues of...
Before the recent tax reform passed in December, it was thought that the tax cuts could boost corporate spending on new offices, equipment and factories. But that may not be the case – yet – which means S&P 500 companies have a record high of...
While Americans rush to file their taxes this Tax Day, some computer systems at the Internal Revenue Service (IRS) are “experiencing technical difficulties.” As a result, the agency said it is having trouble taking in returns from tax preparers, The Wall Street Journal reported. While the...
Tax Day for Americans is here, or at least it will be on Tuesday, April 17. This year is a bit of an unusual year as far as taxes are concerned, since April 15 actually falls on a Sunday. Normal protocol would automatically push the tax filing deadline to...
