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JD Sports Purchases California-Based Shoe Palace

PYMNTS

Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. Shoe Palace provided a $52 million pre-tax profit in the year ending Dec.

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On Demand Pay Finds A Home In Financial Services

PYMNTS

The tax situation can also improve for individuals and their employers alike as workers move to leafier, suburban locales. For example, in New York state, the top marginal income tax rate is nearly 9 percent, plus another 3 percent in New York City. Yet, in neighboring Connecticut, the top income tax rate is 7 percent.

Taxes 170
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Tech Center: Orlando Dips Its Toes Into Tech Startup Water

PYMNTS

The city had a population of 270,934 in 2015, making it the 73rd largest city in the United States and the fourth largest in Florida. When thinking about Orlando’s tech industry, some say the city’s access to capital, accelerator programs and tech clusters are what sets it apart. Median household income (2015): $42,318.

Florida 110
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Trade-based money laundering: The link to terrorist financing

Abrigo

Misrepresentation is used to justify the movement of funds and, in some cases, reduce the tax obligation reflected on customs documents. Over- or under-shipment or phantom shipments: Over- or under-shipment involves misrepresenting the number of goods in a shipment.

Training 195
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Whole Paycheck Tracker: Accelerating Automation To Capture Consumer Spend

PYMNTS

All in, Walmart plans to spend $173 upgrading in Florida, $265 million in Texas and $145 million in California. billion on 500 remodels in 2018 — more than a fifth of the retailer’s total capital expenditure of $10.3 In 2019 Walmart plans to employ $11 billion in capital expenditures. 2: People in Glass Houses Should Pay Taxes.

Taxes 100
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Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange. DadeSystems.

Taxes 107
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Startup Roundup: Letting The Machines Do Their Thing

PYMNTS

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange. DadeSystems.

Taxes 101