Listen to The Big Take on iHeart, Apple Podcasts, Spotify and Terminal.
(Bloomberg) — Listen to The Big Take on iHeart, Apple Podcasts, Spotify and Terminal.
In almost every wealthy country, governments offer a free way for citizens to calculate what they owe in taxes. A notable exception is the US, where online tax prep is a big business dominated by TurboTax owner Intuit Inc., which has maintained its position despite an onslaught of lawsuits and public criticism. But the threat of a publicly run competitor, which has been bubbling under the surface since the internet’s early days, may be more serious than ever.
Bloomberg reporters Laura Davison, Brody Ford and Ben Steverman join this episode to talk about the promise and potential pitfalls of a public filing option for all.
Read more: Free IRS TurboTax Competitor Is Closer After Biden Funding
This podcast is produced by the Big Take Podcast team: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Rebecca Chaisson, Michael Falero and Federica Romaniello, Associate Producers: Sam Gebauer and Zaynab Siddiqui. Sound Design/Engineers: Raphael Amsili and Gilda Garcia.
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