Chris Skinner

MARCH 12, 2019

Congress isn’t so sure Deutsche Bank’s Arranged Marriage Gets Shove From ECB Sweden Wants a Bank Tax That ‘Really Hits’ the Right Targets NatWest trials fingerprint debit cards to remove £30 limit Brexit fallout on UK … The post Things worth reading: 12th March 2019 appeared first on Chris Skinner's blog.

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Taxes Cards 172

PYMNTS

JANUARY 17, 2020

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment of tax issues. Taxing Confusion. billion in 2022.”.

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Taxes Online Policies Philadelphia 132

Chris Skinner

JANUARY 21, 2019

Things we’re reading today include … UBS posts fourth-quarter pre-tax profit miss, sees bumpy road ahead European ETF trading increasingly automated as Mifid II takes hold Up to 25% wiped off house prices in some of UK’s wealthiest areas North-east England will be hit hardest by no-deal Brexit, says CBI … The post Things worth (..)

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Taxes 165

PYMNTS

JANUARY 30, 2020

Zermatt, a ski resort town of 5,400 residents in Switzerland, has decreed that cryptocurrency bitcoin can now be utilized to pay taxes and other government services, Bloomberg reported. Ransomware, tax evasion and money laundering data, however, are more than likely underestimated because of the difficulty in tracking the relevant data.

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Taxes Bitcoin cryptocurrency blockchain 153

Chris Skinner

FEBRUARY 17, 2019

Things we’re reading today include … New Zealand to target online giants with digital tax Problem gamblers are using PayPal to spend up to £150,000 a day Banks could easily stumble over Brexit and buybacks Tiger Global dumps Barclays stake in blow to Staley Russia’s Gazprombank freezes accounts of Venezuela’s … The post (..)

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PYMNTS

MARCH 15, 2019

With the first tax season post-tax reform nearing completion in the U.S., Ongoing regulatory changes and persistent uncertainty mean that that importance will continue even outside of tax season, with challenges that even the most automated of accounting software solutions cannot always tackle. Tackling Tax.

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Taxes South Dakota Software Survey 193

PYMNTS

NOVEMBER 16, 2018

Cloud accounting software firm Xero is broadening its reach in the small business tax filing space through an acquisition of Instafile. based Instafile to integrate its cloud-based tax preparation and filing solution. The company connects accountants, bookkeepers and small businesses to tax authorities to maintain compliance.

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Taxes Software Compliance Meeting 148

PYMNTS

DECEMBER 18, 2018

France, which had vowed to start taxing Google , Apple , Facebook , and Amazon in December if the European Union failed to agree on a digital tax, now says the tax will be implemented on January 1. If the European states do not take their responsibilities on taxing the GAFA, we will do it at a national level in 2019.”.

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Taxes Google Apple Company 128

PYMNTS

OCTOBER 28, 2019

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.

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Taxes Online San Jose South Carolina 102

PYMNTS

AUGUST 7, 2019

Ted Budd (NC) has reintroduced the Virtual Value Tax Fix Act, Coindesk reported. Budd noted prior to an introduction of the bill earlier in the summer that the code puts a 40 percent tax rate on transactions. Tom Emmer (MN) reintroduced the Safe Harbor for Tax Payers with Forked Assets Act of 2019 in July.

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Taxes Bitcoin cryptocurrency Regulation 129

PYMNTS

DECEMBER 17, 2018

17) that he wants France to start taxing big tech giants beginning Jan. 1, 2019, according to a report. He pushed for an EU-wide digital tax for the end of 2018. He pushed for an EU-wide digital tax for the end of 2018. “We He expects the new tax revenue could be up to $565 million in 2019.

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Taxes Google Apple Meeting 122

PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Imposing state taxes on out-of-state sellers is now the new normal, she said.

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Online Taxes Compliance Missouri 132

Accenture

MAY 30, 2019

Credit card volume and receivables continue to grow amongst the top issuing banks for the first quarter of 2019; however, the growth rate of each has been slowing compared to prior years. Loss rates increased slightly YoY, and issuer after-tax returns are strong for those that report. Issuer scorecard ($billions)—Q1 2019.

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Cards US Taxes Apple 158

PYMNTS

DECEMBER 16, 2019

Is there a better way to deal with online sales taxes ? 8 percent: Rise in number of small businesses using their FIs’ mobile banking apps between 2018 and 2019. . 8 percent: Rise in number of small businesses using their FIs’ mobile banking apps between 2018 and 2019. Will fraudsters run wild this holiday shopping season ?

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Taxes Online Mobile Data 130

PYMNTS

FEBRUARY 10, 2020

Data Shows 41 Pct Hike In Ransomware Attacks In 2019. In the fourth quarter of 2019, companies paid on average $84,116 to get their files back from online thieves. Crypto Fraud Scores More Than $4B In 2019. billion in 2019, much larger than the $3 billion incurred in 2017 and 2018 combined.

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US Taxes Millennials Payments 142

PYMNTS

DECEMBER 4, 2018

France and Germany have come up with a compromise for a European Union (EU)-wide digital tax, abandoning a wide-ranging 3 percent tax on revenues generated by ad sales in the digital economy. According to the Financial Times ( FT ), the new version would target tech giants like Facebook and Google through their sales of advertising.

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Taxes Google Meeting Groups 115

PYMNTS

APRIL 5, 2020

Online tax preparation service TurboTax has announced that it is rolling out a free, stimulus registration solution to assist people who are not required to file a tax return. who are not required to file taxes, and some 80 percent are eligible for a stimulus check. There are roughly 10 million people in the U.S.

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Tools Taxes Payments Online 227

BankBazaar

JULY 4, 2019

The salaried-class, especially, hopes against hope that they will get some relief from with respect to Income Tax. The general ask is to either have a higher tax-exemption limit or more tax breaks. Psst… did you know that a Home Loan can help you save on Income Tax? Higher income tax exemption limit. 50,000 in NPS.

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Taxes National Capital Security 90

PYMNTS

JANUARY 25, 2021

Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . After Spain’s government levied a new digital tax, Amazon plans to increase fees by 3 percent starting in April for Spanish firms harnessing its platform, Reuters reported. Google Raises Specter of Making Search Inaccessible in Australia.

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Taxes Google Compliance Apple 141

PYMNTS

APRIL 10, 2020

Treasury to assist people who don’t typically file taxes. . citizens and resident aliens who are not claimed as dependents and had gross income below $12,200 ($24,400 for married couples) in 2019, according to the IRS site. Using the tool does not result in any taxes being owed. . The non-filer tool can be used by U.S.

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Taxes Tools Security Payments 363

PYMNTS

DECEMBER 26, 2018

A look into 2019 does show some signs for concern, however, according to a recent report from Dun & Bradstreet. PYMNTS: What industries will be at risk for delinquencies in 2019? percent respectively in the current quarter, and are ones to watch through H2 2019. The analytics company issued its Quarterly U.S. percent, 4.8

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Industry United States Taxes Analytics 148

PYMNTS

MARCH 20, 2019

California could receive “$1 billion or more” from the capital gains taxes on the IPO’s stock sales. “We We need those billions for education and other areas,” John Chiang, the state’s former treasurer and controller, told CNBC , adding that the collection of taxes “may not happen all at once, and could be spread over time.”. “If

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Taxes CA San Francisco California 101

Accenture

AUGUST 20, 2019

3 After-Tax ROA of issuers that publicly report – Citigroup, Capital One, Synchrony and Discover 4 YoY = Year-over-year change versus 2Q18. Issuer scorecard ($billions)—Q2 2019. The post Q2 2019: US credit card issuer snapshot appeared first on Accenture Banking Blog. Click/tap to view larger. Click/tap to view larger.

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US Cards Capital Apple 150

PYMNTS

JULY 19, 2018

billion , it is still a more valuable run of commerce activity than Mother’s Day, Father’s Day, Easter and Valentine’s Day combined — which is why state tax holidays placed at the end of July and beginning of August have become so very popular over the last two decades. How Tax Holidays Work.

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Taxes Trends Massachusetts Louisiana 101

PYMNTS

NOVEMBER 5, 2019

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments.

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Taxes Bitcoin blockchain Seattle 100

PYMNTS

AUGUST 29, 2019

Cornell University tops the Coinbase 2019 Leaders in Crypto Education list, currently offering 14 classes on cryptocurrency and/or blockchain. In other news, Portugal’s Tax Authority has announced that both cryptocurrency trading and payments in crypto will not be taxed in the country.

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Course Taxes Bitcoin blockchain 116

TrustBank

MARCH 19, 2020

Tax News – Just In…. In an unprecedented move the IRS has postponed the tax payment deadline for many filers. Nearly all taxpayers who have not yet filed their federal income tax returns will have until mid-July to make any balance due payments for 2019 without interest and penalties.

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PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . These are are the 2019 payment trends that made the most significant impact and promise to make even more substantial impacts in the new decade. Did Blockchain Peak In 2019?

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Taxes Mobile Management blockchain 101

PYMNTS

NOVEMBER 4, 2019

have resulted in a delay for legislation that is now in draft form, which would include a provision to tax larger tech firms that derive sales from the region. The bill has proposed a 2 percent tax on revenues for firms as diverse as Facebook and Amazon. within the first six months of 2019. “If

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Taxes Fraud Data Regional 101

PYMNTS

FEBRUARY 6, 2019

More people are working, they’re making more money, their taxes are lower and their confidence remains high. The Federation is now predicting that there will be growth in 2019 of between 3.8 “We believe the underlying state of the economy is sound,” NRF President and CEO Matthew Shay said in a press release. percent to $3.68

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Retail Taxes National Marketing 116

Bank Innovation

FEBRUARY 18, 2020

The top-10 global bank reported Tuesday that in 2019, net profit fell 53% to $6 billion, while pre-tax profits fell 33% to $13.3 […]. HSBC, a global bank with $2.7 trillion in assets, is blazing a new path for its U.S. business as it cuts $4.5 billion in costs and reallocates capital away from underperforming units.

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Strategy US Taxes Capital 243

PYMNTS

APRIL 22, 2020

IRS figures show that nearly 156 million Americans filed taxes last year, including about 89 percent (138 million) who filed electronically. This may occur for a variety of reasons, for example, if you didn’t file either a 2018 or 2019 tax return or you recently filed and the return has not been fully processed.”.

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Taxes Examples Payments Tools 326

BankBazaar

JULY 16, 2019

There’s a reason (or rather reasons) why they tell you to file your income tax returns (ITR) on time. Just so you know, the last date for filing your income tax returns (ITR) is fast approaching. We’d say that you better get it done before the 31 st if you’d want to avoid getting a notice from the Income Tax department.

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Taxes Cards Tools Capital 60

PYMNTS

DECEMBER 26, 2018

and China, local Chinese vendors operating in Yiwu International Trade City are upbeat about 2019. tariffs placed on Chinese exports and a crackdown on eCommerce platforms like Amazon by the European Union to stop online vendors from evading taxes, local Chinese merchants expect cross-border sales to grow.

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Training Taxes Online Operations 126

PYMNTS

DECEMBER 20, 2019

That famous literary opener could apply to the mobile order-ahead (MOA) space in 2019. As city councils all over the nation get a hankering for MOA tax revenue, the category just keeps growing and evolving. “It was the best of times, it was the worst of times.” Tons of capital was raised and spent on new systems and processes.

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Mobile Fraud New York City Metro 131

BankBazaar

JULY 2, 2019

The Income Tax department introduced many changes to the ITR filing process and forms this Assessment Year (AY). Note that the last date for filing your ITR is July 31, 2019, and this hasn’t been extended yet. This has been a year of modifications when it comes to filing taxes. Find out all about them. The Changes.

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Taxes Capital Company Online 60

Bankelele

DECEMBER 31, 2019

A look at some of the Tax changes that become effective on January 1, 2020, as a result of the Finance Bill 2019 that was signed by the President on 7 November 2019. The highlight was the repeal of Section 33B of the Banking Act which had put an interest rate cap on commercial bank […].

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Taxes 51