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Thailand to Tax Cryptocurrencies

Bank Innovation

Taxes on cryptocurrency? According to a report by Nikkei Asian Review, after a cabinet meeting suggested that crypto traders could be charged with as much as 7% value added tax as well as up to 15% tax on capital gains. Taxing cryptocurrency is a way for […].

Taxes 220
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3 Ways to capitalize on your tax season engagements

Abrigo

Every year, accountants brace themselves for the inevitable tax season. For many accountants, unfortunately, tax season means that lucrative consulting work that can diversify revenue and bolster firm growth throughout the year gets put on hold in order to handle the mountains of personal and business tax returns.

Taxes 150
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Libra Could Pose Tax Challenges In Europe

PYMNTS

With the idea of pegging Libra’s value to a basket of international currencies, Facebook ’s proposed cryptocurrency would bring tax challenges to European users, per tax lawyers. These issues would hamstring the digital currency’s mainstream adoption, the Financial Times reported.

Taxes 115
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Crypto Fails To Impress For Corporate Tax Payments

PYMNTS

to allow businesses to pay their corporate taxes in bitcoin. The Cambridge Centre for Alternative Finance released a study last year, finding a sharp increase in the onboarding of new cryptocurrency users, rising from 18 million at the end of 2017 to 35 million at the end of 2018, Invest in Blockchain reports said.

Taxes 145
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Facing pressure, HSBC rethinks US strategy

Bank Innovation

billion in costs and reallocates capital away from underperforming units. 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

Strategy 243
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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

PYMNTS

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. . Trackers and Reports. A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws. Colombia Blocks Uber From Using Its Ride-Hailing App.

Taxes 101
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WeChat, Alipay Partner QFPay Notches $20M For Payment Innovation

PYMNTS

Digital payments startup QFPay , the largest global partner of WeChat Pay and Alipay, raised $20 million in new funding led by returning investors Sequoia Capital China and Matrix Partners, TechCrunch reported on Tuesday (Aug. QFPay was founded in China in 2012 and is known for its QR code-based technology.