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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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Today In Data: Self-Employment, Finance Jobs And PayPal’s Woes

PYMNTS

The self-employed workforce is growing, despite hurdles like financial insecurity, lack of pension, expense tracking, tax returns and more. 100 percent | Growth of international payments solution Flywire’s business in the Asia-Pacific region over the last year. because of Brexit.

Data 101
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Time Tried, Panic Tested. The Forgotten Story of the First National Bank of Keystone

Jeff For Banks

The bank, First National Bank of Keystone, was $1.1 billion in assets, had 87 full-time equivalent employees, and accounted for two-thirds of the town's tax revenue. In 2015, nearly sixteen years to the day of the failure, the last defendant, Terry Church, was released from prison. And Church was released in 2015.

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JPMorgan Business Report: Positive On Growth, Weary Of Economy

PYMNTS

As detailed in the 2016 JPMorgan Chase Business Leaders Outlook report, the outlook is positive on a local economy level, but nationally/globally is a little more shaky. But when looking at that from a more national perspective? Local economy: 50 percent optimistic, compared to 62 percent in 2015. Taxes (28 percent).

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South Korean Starbucks Accepts Alipay For Tourists

PYMNTS

Alipay was introduced in South Korea in 2015, and is now available at various merchants around the country. Users can even receive an instant tax refund at four major airports in the country. Overseas, Alipay now covers 38 countries and regions to provide payment services for Chinese visitors who are traveling overseas.

Mobile 101
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Belarus: Silicon Valley Of Eastern Europe

PYMNTS

The former Soviet Union republic may be known for manufacturing tractors, but the region has its eye on becoming Eastern Europe’s Silicon Valley. This week, our Tech Center Roundup heads to Belarus to see how the nation has become one of the largest and most established places in Europe for information technology outsourcing.

Taxes 100
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Kenya Economic Update 2015

Bankelele

But the government getting more revenue from income tax, but what is coming from VAT is declining. Also that stocks in Nakumatt aisles are like those in SA, and perhaps Treasury should consider excise tax on unnecessary imports. trillion in 2015/16. In 2012-13 national government was 24% of (XX), today it’s 26%.

Taxes 28