Even though each digital service provider differs from the next, all DSPs are forced to navigate a complicated, evolving and non-harmonized set of tax rules that govern their businesses around the world. | IRS offers safe harbor for carbon capture credits | | By Michael Cohn 2 min read | | The Internal Revenue Service provided guidance and a safe harbor Wednesday for businesses that claim carbon capture credits in an effort to reduce emissions of carbon dioxide. | |
| IRS coordinates with other countries to combat tax evasion | | By Michael Cohn 2 min read | | Leaders from the service’s Criminal Investigation unit and tax authorities from Australia, the U.K., Canada and the Netherlands met in Australia this week to set priorities in the fight against international tax crimes. | |
| In the blogs: No bots about it | | By Jeff Stimpson 4 min read | | 5G and the cloud; EITC refund timeframe; EideBailly; and other highlights from our favorite tax bloggers. | |
| Bloomberg vows tougher Wall Street rules, transactions tax | | By Mark Niquette and Laura Davison 4 min read | | Michael Bloomberg is proposing a financial transactions tax of 0.1 percent and merging Fannie Mae and Freddie Mac as part of a proposal for regulating Wall Street for a financial system “strong enough to weather crises without harming the broader economy or requiring taxpayer bailouts.” | |
| Spain plans tax on jumbo tech companies despite U.S. warning | | By Jeannette Neumann 2 min read | | Spain will introduce a digital services tax at the end of the year that would hit the revenue of companies such as Facebook Inc. and Alphabet Inc.’s Google in a move likely to draw the ire of the U.S. administration. | |
| Taxpayers were on losing side more often in SALT lawsuits | | By Michael Cohn 3 min read | | Taxpayers prevailed in only 23 out of 55 (41.8 percent) of the significant tax cases involving state and local taxes in the fourth quarter of 2019, and for the entire year only 83 out of 218 (38.1 percent) of the significant tax cases in 2019, according to a recent analysis. | |
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