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EU ‘Link Tax’ May Shutter Google News Abroad

PYMNTS

A “link tax” might mean the end of Google News in the EU. Richard Gingras, the search engine’s vice-president of news, said while “it’s not desirable to shut down services” the company isn’t happy with Brussels’ current proposal to charge a link tax for using news stories.

Taxes 144
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EU Wants US Tech Giants To Pay Revenue Tax

PYMNTS

Germany, France, Italy and Spain’s finance ministers have announced plans to tax tech multinationals, such as Amazon and Alphabet Inc./ They would like the EU to develop a region-wide plan to implement their proposal, and plan to present it to all 28 EU finance ministers at a meeting next week. billion in revenue tax.

Taxes 115
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Foreign Tax Compliance Reporting — FATCA vs. CRS

FICO

You would think one system would be enough to manage foreign tax compliance. In 2010 the IRS (Internal Revenue Service) started to define the details of FATCA (Foreign Account Tax Compliance Act). CRS reporting is more of a regional topic (e.g., Managing FATCA/CRS Regulations with One Tax Compliance & Reporting System.

Taxes 53
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Big Tech Compliance Tracker: France Fines Amazon And Google $164 Million; Australia Warns Facebook And Google To Pay News Firms 

PYMNTS

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

Google 132
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Singapore Bitcoin Exchange Startup Raises $16M

PYMNTS

This follows its $2 million Series A round in December 2014. What that would do, of course, is put bitcoin in a regulatory framework that enables lawmakers to tax, regulate and monitor bitcoin transactions in a way that may give more legitimacy to the concept of the cryptocurrency.

Bitcoin 110
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A Global Approach To Local B2B Payments Digitization

PYMNTS

percent between 2014 and 2014 representing the highest growth in a decade, researchers said. Regional Trends. percent through 2020, led by growing global trade as B2B payment volumes in the region rise. The 2017 report , released Monday (Oct. Developing markets are driving this growth, too. What’s Holding Them Back.

Payments 124
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After A Century, Barclays Steps Back From Africa Operations

PYMNTS

And while some of these strategy revamps have been telegraphed, the numbers show some impact from regulations and investigations, as the firm posted a net loss of roughly $547 million (394 million pounds), which is far worse than a year ago at 174 million pounds. Staley, on board. Staley took the reins as CEO at the end of last year.