Facts check: Treasury offer wouldn’t levy new tax for the PayPal, Venmo deals

Facts check: Treasury offer wouldn't levy new tax for the PayPal, Venmo deals The allege: Lent fund surpassing $600, transferred via mobile software, might possibly be taxed less than a unique costs A proposition on the Agencies of one's Treasury geared towards coming down taxation avoidance is probably the topic off misinformation online. One Myspace blog post claims this new “the fresh new goverment tax bill” perform income tax transactions surpassing $600 towards mobile phone software particularly PayPal and Venmo. “Which means for individuals who borrow cash ...