Tag Archives: Tax

New Taxes on the Digital Economy: A Closer Look at the New York Data Tax Proposal

By Matt Hunsaker, Jeewon Serrato and Foram Dmytryk on March 24, 2021 Posted in Tax

Over the last year, state and local governments have proposed a variety of novel taxes on the digital economy, including taxes on digital advertising and social media platforms. Two factors have motivated these proposals: (1) closing budget gaps by taxing out-of-state companies and (2) addressing perceived public policy concerns with out-of-state companies profiting on information … Continue Reading

Digital Currency Exchange Customers Targeted in IRS Information-Gathering Sweep

By Carol Van Cleef, Jeffrey H. Paravano and Jay R. Nanavati on November 21, 2016 Posted in Financial Privacy

Coinbase, one of the largest digital currency exchange companies in the world, will likely be asked to provide the Internal Revenue Service (IRS) with transactional data and other information on all U.S. customers who used its services over a three-year period. Using what is known as a “John Doe” summons, the IRS has formally requested … Continue Reading