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Seattle OKs Head Tax Aimed At Big Business

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Seattle’s City Council passed a new tax for big businesses operating in the city, including Amazon , according to CNBC. The tax, called the JumpStart Seattle Tax, will target businesses with at least $7 million in annual revenue. Those businesses will be taxed 0.7 Those businesses will be taxed 0.7

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Seattle Approves Next Tax For Big Companies Like Amazon

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Seattle’s city council has approved a new tax for the city’s biggest companies, including Amazon , to combat a housing crisis impacting the city’s working class. The new tax was passed with a 9-0 vote, and would affect most companies grossing at least $20 million a year.

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Tax Compliance Software Firm Avalara Acquires INPOSIA

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Avalara , a tax compliance software firm with a focus on the business sector, said on Tuesday (Dec. The Seattle-based firm, which did not disclose the purchase price, said in a press release that the transaction is expected to close in the first half of 2021. 29) that it has struck a deal to buy INPOSIA Solutions GmbH.

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Data Dive: The Uncertain Future Edition, MoviePass, Credit Cards And Seattle Taxes

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Seattle Taxation Change of Heart. It looks like the tax situation in Seattle may be getting a bit stickier: Seattle’s city council has approved a new tax for the city’s biggest companies, including Amazon, to combat a housing crisis impacting the city’s working class.

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Seattle Warns NY About Amazon Effect Of HQ2

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Two politicians traveled to New York to warn the city about the troubles Amazon’s headquarters brought to Seattle, according to a report in Bloomberg. ” Mosqueda went on to say that New York should act quickly and create new taxes to collect the revenue they’ll need to make sure housing stays affordable.

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Indonesia Levies 10 Pct Tax On Sales From Tech Firms

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The Southeast Asian country’s national tax office announced it will impose a 10 percent value-added tax (VAT) on foreign global technology companies as the nation looks for ways to defray the costs of battling the economic effects of the COVID-19 pandemic, Reuters reported. The country’s total budget for 2020 is $177.6

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Bitcoin Daily: UK Tax Agency Defines Crypto As Commodities; Crypto Exchange Bittrex Sued For SIM Card Bitcoin Theft

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s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments.

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