How to Pay for Tax Cuts? Look to Airbnb Hosts and Etsy Vendors [Bloomberg Business News]
Etsy, Inc. (ETSY)
Last etsy, inc. earnings: 2/26 04:05 pm
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Source: Bloomberg Business News
Airbnb Inc. hosts and Etsy Inc. vendors who have avoided taxes on income from the sharing economy might have to start sharing more with the Internal Revenue Service. Federal rules don’t require such companies to withhold any income taxes on the payments they route to people who provide services or sell items via their online platforms. The companies do have to notify the IRS about some participants’ earnings -- but only if they exceed $20,000 and conduct more than 200 transactions a year. A proposal last week from Republican Senator John Thune would lower that threshold to $1,000, providing a potential new source of billions of dollars in revenue as Congress mulls major cuts to business and individual tax rates. “That’s going to raise a ton of money," said Caroline Bruckner, managing director of American University’s Kogod Tax Policy Center in Washington. Billions of dollars in taxable income are probably going unreported every year, Bruckner wrote in a
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ETSY
News
- Why the Market Dipped But Etsy (ETSY) Gained Today [Yahoo! Finance]Yahoo! Finance
- ETSY Gears Up to Report Q1 Earnings: What's in the Cards? [Yahoo! Finance]Yahoo! Finance
- Etsy, Inc. (NASDAQ: ETSY) had its price target lowered by analysts at Wedbush from $80.00 to $70.00. They now have a "neutral" rating on the stock.MarketBeat
- Why Etsy (ETSY) is a Top Growth Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- Handmade Jewelry Market to Reach $472.5 Billion Globally by 2032 at 11.9% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
ETSY
Earnings
- 2/21/24 - Miss
ETSY
Sec Filings
- 4/22/24 - Form ARS
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- ETSY's page on the SEC website