PYMNTS

SEPTEMBER 3, 2019

Merchants working to expand and sell online in more markets must comply with each market’s local sales tax regulations, however, and that is an increasingly complicated task. Levy laws can vary widely between states, with one state taxing a product that another does not, for example. Around The Next-Gen Sales Tax World.

Taxes 133

Taxes South Dakota Online Report 133

PYMNTS

SEPTEMBER 3, 2019

A tax dispute between Intel and the Internal Revenue Service could cost large technology companies billions of dollars, according to a report by The Wall Street Journal. billion tax expense due to the case, and Alphabet turned around on a $418 million benefit. Facebook disclosed a $1.1

Taxes 116

Taxes San Francisco Regulation Company 116

PYMNTS

DECEMBER 17, 2018

17) that he wants France to start taxing big tech giants beginning Jan. The idea comes after years of negotiations at the European level, where France and other larger European countries have tried and so far failed to convince smaller countries that tech companies have been taking advantage of the region’s tax structure.

Taxes 122

Taxes Google Apple Meeting 122

PYMNTS

OCTOBER 28, 2019

The 2018 South Dakota v. Wayfair case that allowed states and individual cities to launch tax policies aimed at remote sellers and marketplaces is still reverberating in 2019 and will likely affect online retail in 2020. In Q3 2019, 14 states started collected online sales tax and 11 more followed in October. eBay Makes a Deal.

Taxes 102

Taxes Online San Jose South Carolina 102

PYMNTS

SEPTEMBER 3, 2019

eCommerce firms are navigating a tax collection environment that increasingly requires technology and automation to ensure compliance. 2018: The year of the Supreme Court decision in the South Dakota vs. Wayfair case. All this, Today in Data. Data: 8,000: Square footage of The North Face’s recently opened store in Soho.

Taxes 122

Taxes South Dakota Technology New York 122

PYMNTS

MARCH 19, 2018

Tax season, indeed. The regulatory landscape was dotted with news out of Europe centered on the way that tech firms do business — and how they’re taxed. As for taxes , tech behemoths under scrutiny across a separate proposal might face taxation on digital activities of as much as 3 percent of turnover.

Taxes 122

Taxes United States Community Bank Analytics 122

PYMNTS

NOVEMBER 6, 2018

France is plowing ahead with its vision for a European Union-wide digital tax, with the country’s Finance Minister Bruno Le Maire saying he wants the tax approved by the end of 2018. ” He noted that a delay could raise the risk of individual countries that are in favor of the tax, including the U.K.

Taxes 122

Taxes Google Apple Regional 122

PYMNTS

AUGUST 29, 2019

And students are showing interest, with twice as many students taking a crypto or blockchain course this year than they did in 2018. In other news, Portugal’s Tax Authority has announced that both cryptocurrency trading and payments in crypto will not be taxed in the country.

Course 116

Course Taxes Bitcoin blockchain 116

PYMNTS

SEPTEMBER 6, 2017

Sweden is looking to become an epicenter for entrepreneurs and hopes to entice small businesses to set up shop, thanks to tax legislation changes in the country. Reports said legislators are also planning to lessen payroll taxes for small businesses. Reports Tuesday (Sept. billion for extra spend.

Taxes 128

Taxes National Report Groups 128

PYMNTS

JANUARY 4, 2019

Indian tech startups had a huge year in 2018, but the way the money is being distributed has some experts concerned about the future of the country’s financial ecosystem, according to reports. Early startups were a part of 304 deals in 2018 and raised $916 million. billion in funding – the most ever. In 2017, Indian startups got $10.4

Company 162

Company Taxes Innovation Capital 162

PYMNTS

FEBRUARY 13, 2019

The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. In addition, taxes generated by the industry grew by nearly 8 percent last year. Last year, regulated marijuana sales in Colorado were nearly $1.55 billion the previous year.

Industry 155

Industry Colorado Taxes California 155

PYMNTS

MAY 3, 2018

Tax reform played a key role for several corporate successes in the first quarter of 2018. “The optimism generated from corporate tax reform seems to have done little to persuade organizations to spend their cash during the early months of 2018,” Kaitz said in a statement.

Taxes 100

Taxes Analysis Washington Report 100

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. Between 2008 and 2018, approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance. The Cost of Compliance. imposed a full $23.52

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

PYMNTS

NOVEMBER 10, 2020

Part of an investigation launched in 2018, the updated charge sheet questions if Amazon abused its position to use merchants’ collected data against them. Apple faced €13 billion in back taxes to Ireland. to develop new, stricter regulations that govern big tech. Both companies have appealed.

Data 185

Data Illinois Taxes Compliance 185

PYMNTS

APRIL 26, 2019

The Indian government has drafted a bill that would ban cryptocurrencies and attempt to regulate any official digital money, according to reports. . Patil told the victims that the KBC coin was worth $0.0056, but that it would rise to $1 by March of 2018.

cryptocurrency 182

cryptocurrency Taxes Regulation Leadership 182

CFPB Monitor

JANUARY 9, 2020

The New York Department of Financial Services has sent a letter to the institutions that it regulates requiring each such institution, by February 7, 2020, to provide to DFS a description of its “plan to address its LIBOR cessation and transition risk.” (LIBOR is the acronym for the London Inter-Bank Offered Rate.).

Regulation 78

Regulation New York Management Taxes 78

PYMNTS

SEPTEMBER 12, 2019

Compliance failures are prevalent worldwide: Approximately $26 billion worth of fines were levied against banks for AML, KYC and sanctions noncompliance between 2008 and 2018. billion — 91 percent — of those penalties, while European regulators demanded $1.7 A report found that the U.S. imposed a full $23.52 million. .

Fraud 189

Fraud Fintech Compliance Regulation 189

PYMNTS

FEBRUARY 28, 2019

Wirex, a cryptocurrency and fiat (real money) payments platform, is releasing a beta version of a regulated crypto-oriented business account, according to reports. to allow businesses to pay their corporate taxes in bitcoin. Last year, Ohio partnered with cryptocurrency company BitPay, and the state became first in the U.S.

Ohio 162

Ohio cryptocurrency Taxes Bitcoin 162

PYMNTS

JANUARY 26, 2020

Corbett stepped down from the job because it was “impossible” to overcome regulations on Bird Rides while Brexit was in process. The micromobility company launched in London in 2018, and has struggled since then to get its business off the ground. The eScooters receive active use within that area.

Regulation 133

Regulation Taxes Company Operations 133

Abrigo

NOVEMBER 21, 2019

This was long before the United States passed legislation in 2018 to unveil the secrecy of legal entity ownership. has continued to be under scrutiny by FATF for not having strong beneficial ownership regulations to prevent the use of shell companies for nefarious purposes. BSA Rules and Regulation. BSA Rules and Regulation.

United States 195

United States Regulation National Taxes 195

PYMNTS

OCTOBER 25, 2019

The 2018 South Dakota v. tax laws, and some businesses and public sector stakeholders are now pushing back. The case ushered in a wave of state- and municipality-issued economic nexus laws that tax remote sellers based on economic activity rather than physical presence. Wayfair ruling paved the way for broadened U.S.

Taxes 100

Taxes South Dakota Policies Compliance 100

PYMNTS

JULY 2, 2020

David Cicilline (D-Rhode Island), chairman of the House Antitrust Subcommittee, has asked each of the company’s executives to testify before completing its investigation and crafting reforms that would regulate the digital market. Pichai testified in 2018 over charges that Google is politically biased in its treatment of content.

Google 171

Google Apple Rhode Island Taxes 171

Abrigo

JUNE 10, 2020

The regulators don’t care what your budget is,” Luttrell says. But inadequate staffing appears in regulatory consent orders more often than many people would expect, and regulators are not sympathetic when it comes to violations as a result of underemployment in compliance. BSA Rules and Regulation. Get adequate resources.

Resources 195

Resources Regulation Compliance Policies 195

PYMNTS

SEPTEMBER 25, 2018

The company closed a $104 million Series D round earlier in 2018, which included Sumitomo Corporation and American Express Ventures as investors, noted the report. could face regulation similar to that of traditional car rental companies. The expansion comes as Turo and other car-sharing services in the U.S.

San Francisco 122

San Francisco Maryland Illinois Taxes 122

PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. percent tax on each imported premium cigar, limited to a maximum of about $0.40 in 2017 had a 52.75

Retail 109

Retail Taxes Virginia South Dakota 109

PYMNTS

OCTOBER 1, 2020

Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. 1: Instant disbursements as a percentage of all non-tax disbursements in the U.S. percent as of 2018. Fast Fact No. are growing — but slowly. percent in 2019 and 9.5

Trends 306

Trends Study Taxes Payments 306

PYMNTS

JANUARY 17, 2018

Bitcoin wasn’t alone in its fall, as other cryptocurrencies lost value over investor concerns that regulators would take measures to curb speculation. Earlier in 2018, the price of bitcoin fell overnight, following reports that South Korea had decided to ban cryptocurrency trading. at 5:25 P.M. according to CoinDesk.

Bitcoin 126

Bitcoin cryptocurrency Taxes Regulation 126

FICO

MAY 25, 2017

million digital records exposed the dark deeds of dirty money and tax evasion and burst the bubble of pretense that the world is effective at dealing with corruption. One in five banks in Asia Pacific say that they expect tax evasion to increase 100 to 500 percent over last year’s levels according to a recent poll by FICO.

Taxes 40

Taxes Survey Compliance Regional 40

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community.

Compliance 186

Compliance Regulation blockchain Taxes 186

PYMNTS

MAY 22, 2019

The government cannot tax such transactions nor check any crimes related to such unregistered payment systems,” Niroula said, noting the ban went into effect at the start of the week. In a statement to Reuters, Tencent said its WeChat Pay unit meets all regulations in the countries where it operates. “As

Taxes 158

Taxes Regulation Payments System 158

PYMNTS

MAY 8, 2020

Supreme Court decision allowed sports betting in 2018 and inspired 2019 laws that govern the fledging industry in 10 states and set guidelines such as how online casinos can operate and how sports betting would be taxed. Pennsylvania reported similar figures, with tax revenues from brick-and-mortar gambling declining to $50.5

Online 176

Online Industry New Jersey Pennsylvania 176

PYMNTS

MARCH 14, 2019

Both corporates and banks have said Know Your Customer ( KYC ) regulations are their most pressing compliance concerns, with nearly three-quarters of businesses with more than $1 billion in revenues pointing to KYC as their top challenge. ” and an overall rise in complexity of current regulations. ” Technological Troubles.

Fraud 115

Fraud Survey Taxes Regulation 115

PYMNTS

JANUARY 22, 2018

Bitcoin wasn’t alone in its fall, as other cryptocurrencies lost value over investor concerns that regulators would take measures to curb speculation. Earlier in 2018, the price of bitcoin plummeted overnight following reports that South Korea had decided to ban cryptocurrency trading. at 5:25 P.M., according to CoinDesk.

cryptocurrency 140

cryptocurrency Bitcoin Taxes America 140

PYMNTS

JANUARY 7, 2020

The financial center operates with its own legal, regulatory and tax infrastructure and traces its roots back to 2005. As reported by the Gulf Times , the Qatar Central Bank adopted new regulations in December that focus on combating money laundering and terrorist financing.

cryptocurrency 132

cryptocurrency Bitcoin blockchain Course 132

PYMNTS

NOVEMBER 13, 2017

Small business owners have a lot on their plates today and, depending on who one asks, top concerns range from taxes to late invoice payments. Still, less than half said they expect their local economies and the national economy to improve in 2018. Eighty-one percent of U.S. billion in working capital is on the books for U.K.

Taxes 105

Taxes Survey Capital America 105

Abrigo

FEBRUARY 10, 2022

Since 2016, three serious document leaks have made international news and exposed the activity of powerful political elites or wealthy individuals who used shell companies to disguise the source of funds and avoid taxes. As of 2018, financial institutions must determine beneficial ownership as determined by two prongs: ownership and control.

Training 195

Training Regulation Report Compliance 195

PYMNTS

AUGUST 2, 2019

Launched in 2018, the project monitors products sent via several steps to the customer, including product returns, to prevent counterfeit drives from being sent back. In other news, Brazil’s Tax Authority has announced that transactions involving cryptocurrencies must now be reported to the Department of Federal Revenue ( RFB ).

blockchain 148

blockchain Fraud Data Report 148