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GeForce RTX 4080 SUPER Custom Model €1109 MSRPs Appear on German Webshop

European buyers are facing a baseline MSRP of €1109 for the upcoming GeForce RTX 4080 SUPER graphics card family, thanks to extra sales taxes affecting purchases in the region's various countries. North American customers are set to "enjoy" a more reasonable entry point of $999 come January 31, including various custom options from NVIDIA's board partners—ZOTAC lead the charge with their non-overclocked offerings matching Team Green's Founders Edition MSRP. A small selection of brave retailers have already delivered GeForce RTX 4080 SUPER graphics cards to customers, while others have simply gone live with their asking prices.

Germany's Notebooksbilliger (translation: cheaper laptops) online store has produced product pages for all sorts of custom GeForce RTX 4080 SUPER cards—prices start off at NVIDIA's €1109 baseline, and ramp up to a maximum of €1379 for the fanciest option (ASUS ROG STRIX RTX 4080 SUPER OC). A VideoCardz report focuses mostly on the cheapest products listed by Notebooksbilliger.de. Five non-overclocked custom designs sits at the bottom of the webshop's RTX 4080 SUPER pricing pile: ASUS TUF GAMING, GIGABYTE SUPER WINDFORCE, SUPER WINDFORCE V2, Inno3D X3 and ZOTAC's Trinity Black Edition. At the time of writing, Notebooksbilliger's customers cannot pre-order any of the listed GeForce RTX 4080 SUPER cards—the full checkout process could be unlocked early next week, a few days ahead of the official January 31 launch day.

US Government Targeting Crypto Miners With Proposed Energy Bill Tax

The US Government is considering new plans that will attempt to curb the after effects of cryptocurrency mining. The White House revealed details about its proposed "DAME Tax" scheme on Tuesday of this week - the Digital Asset Mining Energy excise tax is under consideration for this year's US Budget. The government wants to address the impact that cryptomining has on the US economy as well as the environment, alongside numerous other national challenges. Companies engaged in the extraction of cryptocurrencies could be charged extra for the running of computer equipment (starting in early 2024). A White House spokesperson states: "after a phase-in period, firms would face a tax equal to 30 percent of the cost of the electricity they use in cryptomining."

American crypto companies are facing a 10 percent taxation of their energy bill for 2024, that will then increase to 20 percent in 2025, and the maximum tax rate will hit a high of 30 percent in 2026. The White House number crunching team reckons that $3.5 billion could be generated by the proposed DAME excise tax. The new rules would represent a radical change for large scale cryptomining efforts: "Currently, cryptomining firms do not have to pay for the full cost they impose on others, in the form of local environmental pollution, higher energy prices, and the impacts of increased greenhouse gas emissions on the climate. The DAME tax encourages firms to start taking better account of the harms they impose on society," reads a White House statement." The government's investigation has determined that the domestic cryptomining industry is close to consuming more electricity than the entire nation's residential lighting system. US lawmakers last year calculated that some of the larger digital asset mining firms are capable of using more energy than nearly all of the residential population based in Houston, TX.

EU Changes VAT Rules for Imported Products; Everything to be Taxed Independent of Value

European Union residents are now looking at paying even more tax - in even more products - than before. Following changes to the EU tax policy, all products imported from outside that special political, economic and frontier union will be subject to the appropriate tax according to its nature. Until now, imports of value (or should we say declared value) lower than €22 were free from the bureaucratic and economic burden of taxation; however, that situation is about to change come July 1st.

Following abuses to that €22 declared value exemption, all imported products from July 1st 2021 will be subject to customs processing and taxation. The decision follows years of abuse, with customers and businesses declaring false, lower values for products so as to try and skirt any additional taxation. Of course, this creates a lopsided, uphill battle for EU-based manufacturers and distributors, who have to collect the appropriate tax upon all sales - whilst businesses outside the EU enjoyed more competitive pricing due to the absence of tax for the final customer. That is what this change aims to fight against. A shame for users and businesses that did follow the rules, who now face more higher pricing for small acquisitions at the expense of those who employed these tax evasion practices.

A Reprieve: Select PC Hardware Exempt of Tariffs on Chinese Imports to the US

The US Trade Representative on Friday granted a reprieve to the increased tariffs being levied at China-imported electronic goods. The exemption, valid for one year until 20th August 2020, includes some products that will be welcome to PC hardware enthusiasts, including motherboards, graphics cards, desktop cases, "mouse input devices" valued over $70, "trackpad input units" valued at over $100, and power supply units that output more than 500 W.

The exempts have come as fruits of requests from US stakeholders in the hardware space; should imports be available only from China (meaning there are no alternate sources of said materials) or if the tariff could cause "severe economic harm", a temporary reprieve on the levies could be sought. And so the exempts were requested, and now granted. Prices paid before the announcement of the reprieve that included the added tax penalties are final; the exemption is only valid for orders after September 20th. This means the 25% increased rates (itself an increase on the initial 10%) on the tax basis are now frozen when it comes to the aforementioned hardware. This means companies no longer have to scramble to source their manufacturing to countries other than China, and that prices increased for end consumers on the basis of the tax increase are now meritless.

India First Country to Deploy AI Machine Learning to Fight Income Tax Evasion

India is building a large AI machine learning data-center that can crunch through trillions of financial transactions per hour to process income tax returns of India's billion-strong income tax assessee base. India's Income Tax Department has relied on human tax assessment officers that are randomly selected by a computer to assess tax returned filed by individuals, in an increasingly inefficient system that's prone to both evasion and corruption. India has already been using machine learning since 2017 to fish out cases of tax-evasion for further human scrutiny. The AI now replaces human assessment officers, relegating them up an escalation matrix.

The AI/ML assessment system is a logical next step to two big policy decisions the Indian government has taken in recent years: one of 100% data-localization by foreign entities conducting commerce in India; and getting India's vast population to use electronic payment instruments, away from paper-money, by de-monetizing high-value currency, and replacing it with a scarce supply of newer bank-notes that effectively force people to use electronic instruments. Contributing to these efforts are some of the lowest 4G mobile data prices in the world (as low as $1.50 for 40 GB of 4G LTE data), and low-cost smartphone handsets. It's also free to open a basic bank account with no minimum balance requirements.

US: The Tax Man Cometh After Online Sales Tax Following Supreme Court's Decision

A Supreme Court decision last Thursday may be just what the doctor ordered for states' ability to collect taxes on online sales from a much wider variety of businesses. The decision, passed with 5-4 votes from the Justices involved, overrules previous understandings regarding the physical presence rule: essentially, that a business was only forced to collect sales tax and send it to the State it's operating if it had some sort of physical presence (be it warehouses or some such) in that particular state. If not, taxes were still due - but shoppers had to take the initiative of delivering their taxable amount to the state. That, naturally, very rarely happened, which led to reported billion dollar losses in tax revenue for a variety of US states.

Now, states have essentially been given the green light to pass laws requiring out-of-state sellers to collect the state's sales tax from customers and send it to the state. More than a dozen states have already adopted such laws even ahead of the court's decision, confident in the decision's direction, said state tax policy expert Joseph Crosby.

EU Plans to Add 3% Tax On Tech Giants' Revenue Based on Customers' Location

"Treat equally that which is equal, treat differently that which is different" seems to be the motto of the new EU proposal for increased taxation on tech giants. The proposal, which will be presented just this Wednesday (March 21st), could lead to increased taxation to tech giants that do business with EU customers by as much (or as little, depending on your point of view) as 3% of their gross revenue (the value still isn't final, but should stay within 1% and 5%). It isn't clear how the customer location business will be defined, but it seems that the EU believes its citizens provide increased revenues for companies than other citizens in other parts of the less developed world do.

This move specifically aims to capture real growth and value of digital-first companies, such as Facebook and Amazon. These are types of companies that the EU feels aren't being taxed proportionally (meaning, they currently provide less than they should to public coffers) to the true value they derive from the region. As most EU matters, any tax proposal will need the unanimous approval of all 28 current members before turning into law, so one country alone could block it.
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