Chris Skinner

MAY 25, 2020

Things we’re reading today include … This is why we’re proposing a wealth tax in Spain to help us out of this crisis | Pablo Echenique Companies in new investment fund must be ‘made in Yorkshire’ Goldman Sachs ramps up cash management plans despite coronavirus UBS announces global financing team … The post Things (..)

Taxes 251

Taxes US Management Company 251

PYMNTS

JANUARY 6, 2020

As 2020 dawns, regulators are continuing to focus on taxes and possible anti-competitive behavior on the part of tech’s marquee names. One continuing theme that will play out into the new year (and well beyond): taxes. The tax took effect at the beginning of this year. million euros of that tally derived from Italy.

Taxes 131

Taxes Regulation Samsung Google 131

Chris Skinner

MARCH 19, 2020

Things we’re reading today include … Former London bankers convicted after Germany’s ‘greatest tax robbery’ Why America’s financial plumbing has seized up ECB U-turn shows it fears coronavirus could destroy eurozone project The agonies of stock-picking in a falling market School closures in the UK are a financial catastrophe (..)

Taxes 242

Taxes Marketing 242

PYMNTS

NOVEMBER 25, 2019

The Supreme Court ruling has started the ball rolling for states and municipalities to tax eCommerce – specifically, out-of-state firms and online marketplaces. But there have already been disputes making their way through the courts, as detailed in the latest Next-Gen Sales Tax Tracker.

Taxes 150

Taxes South Dakota Louisiana Massachusetts 150

PYMNTS

DECEMBER 1, 2020

Governments around the world are setting their sights on putting a variety of digital taxes on Big Tech giants. France has long been angling to levy digital taxes, although such moves have become a bone of contention with the United States and have faced significant delays. billion of French goods. Indonesia .

Taxes 130

Taxes National United States America 130

BankBazaar

JANUARY 31, 2020

To this end, the government proposed a slew of changes and incentives among which was a major tax rejig. Let’s take a look at the major highlights of Union Budget 2020: The budget had three main themes: Aspirational India. The FM said that GST has integrated the economy and consolidated multiple taxes. Tax Changes.

Taxes 146

Taxes Policies Maine Regional 146

PYMNTS

DECEMBER 27, 2019

Retailers that want to sell merchandise nationwide must pay attention to how each state’s tax code treats their goods. For example, products considered to be exempt medical necessities in some states might be taxed at high rates in others. 100: Minimum number of local tax codes in Alaska.

Taxes 131

Taxes Alaska Minnesota Compliance 131

PYMNTS

MARCH 17, 2020

The federal tax filing deadline in 2020 has been waived in the wake of coronavirus disruptions. But come coronavirus or the Martian measles, taxes will be filed, and refunds issued. But come coronavirus or the Martian measles, taxes will be filed, and refunds issued. It’s unprecedented. Amazing development.

Taxes 130

Taxes United States Millennials Payments 130

PYMNTS

JANUARY 7, 2021

South Korea will begin taxing crypto benefits 20 percent, from both buying and selling, beginning in 2023, according to a report from Asia Today. million won (about $2,200) from digital assets will be hit with the 20 percent tax. The report stated the tax announcements were made Wednesday (Jan.

Bitcoin 276

Bitcoin Taxes Washington Report 276

PYMNTS

FEBRUARY 12, 2020

The Australian Taxation Office (ATO) is warning small and medium-sized businesses (SMBs) that if they don’t pay their taxes on time, they could face consequences like a reduction in credit rating, Mozo reported on Wednesday (Feb. percent of respondents said meeting tax payments promptly would create cash flow issues in their business.

Taxes 152

Taxes Meeting National Strategy 152

BankBazaar

FEBRUARY 3, 2023

Confused about the changes in income tax rules announced in the latest budget introduced in Parliament on 1 st February, 2023? If you’re still a little at sea about the changes in income tax rules announced by the Finance Minister recently, here’s everything you need to know at a glance. We’re breaking it down for you.

Taxes 78

Taxes System Management 78

PYMNTS

JULY 7, 2020

The Southeast Asian country’s national tax office announced it will impose a 10 percent value-added tax (VAT) on foreign global technology companies as the nation looks for ways to defray the costs of battling the economic effects of the COVID-19 pandemic, Reuters reported. The country’s total budget for 2020 is $177.6

Taxes 141

Taxes Google Seattle National 141

PYMNTS

NOVEMBER 25, 2020

The potential amendment to bring in the tax plan is intended to take effect in October of next year, but the legislative body is aiming to have the taxation timeframe begin in the first month of 2022.

Taxes 243

Taxes US Report social media 243

PYMNTS

MAY 28, 2020

The last halving was on May 11, 2020. South Korea is pondering a modification to its tax law which could place taxes on cryptocurrencies. South Korea attempted to impose taxation on cryptocurrency early in 2020. Decenter reported that the country’s legislation would be brought before Parliament in September 2020.

Taxes 142

Taxes Bitcoin cryptocurrency blockchain 142

PYMNTS

NOVEMBER 25, 2019

Isaacson, a lawyer, Bowdoin College professor, senior partner at Brann & Isaacson and Data & Marketing Association tax counsel, argued Wayfair’s side in the precedent-setting Supreme Court case that has small businesses struggling. is the only country that has such a complex consumption tax system.” .

Taxes 132

Taxes South Dakota Compliance Policies 132

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.”.

Taxes 132

Taxes Online Policies Philadelphia 132

PYMNTS

OCTOBER 14, 2019

Italy is preparing to tax digital companies to help fund its 2020 budget as it seeks different revenue streams to avoid a scheduled sales tax hike, sources told Reuters on Monday (Oct. Companies with annual global revenues of $827 million and digital services of $6 million in Italy will be subject to the tax.

Taxes 116

Taxes National Report Operations 116

PYMNTS

DECEMBER 23, 2019

Indonesia has announced it’s going to reduce the threshold for taxing imported eCommerce consumer goods from $75 to $3, to help control the purchases of cheap foreign goods and help protect smaller Indonesian firms, according to a report by Reuters. They’ll be taxed at a rate of 32.5 million last year and 6.1 percent to 37.5

Taxes 134

Taxes Conference Capital Cards 134

PYMNTS

JULY 15, 2020

Today (July 15) is Tax Day , and despite it coming three months later than normal due to COVID-19, several million Americans will be scrambling to get their returns (or at least their applications for extensions) out the door by midnight. Olson thinks the IRS might need 18 months to work through all of that paper, delaying some tax refunds.

Taxes 146

Taxes National Regional Report 146

PYMNTS

SEPTEMBER 27, 2019

In a move that increases pressure on multinationals, European Union commissioners-designate said the bloc should come to an agreement on a digital tax if a deal doesn’t happen at a worldwide level by the conclusion of 2020. He would aim to prevent separate bloc governments from having the ability to nix tax decisions.

Taxes 128

Taxes Report National Company 128

PYMNTS

DECEMBER 16, 2019

Is there a better way to deal with online sales taxes ? And how will challenger banks fare in 2020? Can digital technology really take the hassle out of used car sales – and compete with dealerships and lots? Will fraudsters run wild this holiday shopping season ? Data: 62 percent: Portion of U.S. 73 percent: Share of U.S.

Taxes 130

Taxes Online Mobile Data 130

PYMNTS

FEBRUARY 10, 2019

In other news, New Hampshire is considering a law that would allow residents to pay their taxes with cryptocurrency. CoinDesk reported that NH House Bill 470 would allow state agencies to accept digital currency for tax payments. The payments will then begin to be accepted by July 2020.

Bitcoin 184

Bitcoin Taxes New Hampshire Payments 184

PYMNTS

SEPTEMBER 30, 2019

Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. In one example, Indonesia is “already preparing legislation” that would require tech companies with online services to pay value-added tax on local sales, the report noted. Libra, Too.

Taxes 133

Taxes Regulation cryptocurrency Google 133

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 […].

Taxes 51

Taxes 51

Perficient

DECEMBER 17, 2020

With the de-support of Adobe Flash by the major browsers at the end of 2020, access to the user interface for the older versions of Vertex O Series will no longer be available in 2021 using Microsoft IE and MS Edge, Google Chrome and Apple Safari. And, let’s hope that 2021 is an improvement over 2020! Versions 6.0,

Apple 332

Apple Google Security Groups 332

PYMNTS

FEBRUARY 18, 2020

The coronavirus outbreak has pushed Japan to the brink of a recession as tourism slides and spending drops in response to a sales tax hike, The Wall Street Journal (WSJ) reported on Monday (Feb. A dip in private consumption was blamed on the hike in the national sales tax to 10 percent on Oct. percent contraction. 1 from 8 percent.

Taxes 130

Taxes Security National Industry 130

PYMNTS

JUNE 9, 2019

The Group of 20 finance ministers said over the weekend that they will come up with common rules to prevent tech companies from using tactics to lower taxes. We will redouble our efforts for a consensus-based solution with a final report by 2020.”. having to pay more taxes overseas. Reuters noted that the U.K.

Taxes 116

Taxes Google Groups Meeting 116

PYMNTS

SEPTEMBER 3, 2019

eCommerce firms are navigating a tax collection environment that increasingly requires technology and automation to ensure compliance. eCommerce sales in 2020. In corporate payments news, Citi is tapping into application programming interface (API) calls to make treasury ops real-time. 659B : Estimated potential value of U.S.

Taxes 122

Taxes South Dakota Technology New York 122

PYMNTS

APRIL 17, 2020

The ongoing coronavirus pandemic has caused Uber to withdraw its 2020 guidance as it anticipates a $1.9-$2.2 The company retracted its 2020 forecast for gross bookings, adjusted net revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA).

Conference 145

Conference Taxes Industry Company 145

PYMNTS

OCTOBER 1, 2019

Japan has introduced a system of cash-back rewards points in response to increasing the consumption tax from 8 percent to 10 percent. The new system — which rebates the tax increase in some stores when paying with a card rather than cash — will run until June 2020.

Taxes 101

Taxes System Security Retail 101

PYMNTS

JANUARY 11, 2021

US Trade Representative: India, Italy, Turkey Digital Taxes Discriminates Against US Firms. Trade Representative (USTR) recently released the results of Section 301 probes of digital services taxes (DSTs) that Turkey, Italy and India have adopted, finding that each tax “discriminates against U.S. Billion Of French Products.

Taxes 132

Taxes US Compliance social media 132

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.

Taxes 102

Taxes Online San Jose South Carolina 102

Matt Wilcox Pro

FEBRUARY 6, 2020

Perhaps you heard: 2020’s tax seasons is upon us. You may also be aware that August of 2020 will mark 100 years since the adoption of the 19th Amendment, finally acknowledging women’s right to vote. It’s an issue that, like many, today makes us shake our heads to think it was ever hotly contested. It seems [.]

Taxes 97

Taxes US 97

BankBazaar

FEBRUARY 22, 2020

Should you opt for the new tax regime or stick to the old one? Budget 2020 announcement on the introduction of a new tax system from FY20-21 has confused many taxpayers. Once you add up all your tax deductions (like the standard deduction of Rs. If no, you’re likely to save more in tax by adopting the new system.

Taxes 78

Taxes System Video Management 78

PYMNTS

JANUARY 16, 2020

In other news, South Korean cryptocurrency exchange Bithumb is going to court to fight an almost $69 million tax bill from the National Tax Service (NTS), according to a report Thursday (Jan. The tax is called a retention tax, which is an income tax paid to the government by the income payer and not its recipient.

Taxes 131

Taxes Bitcoin cryptocurrency National 131

Abrigo

OCTOBER 28, 2015

Likewise, accountants each year experience a tax season that requires detailed planning and precise execution. One way to organize those efforts as tax season approaches is to think of your planning in terms of three general areas: capacity, communication and conclusion.

Taxes 150

Taxes Meeting Software Examples 150

PYMNTS

NOVEMBER 16, 2020

Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy.

Maryland 151

Maryland Taxes Online Groups 151