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Amazon (And Others) Brace For India’s New eCommerce Tax

PYMNTS

The jousting over eCommerce taxes — especially for U.S. firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small.

Taxes 175
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Investing in America: 7 Strategies and 7 Tactics That Can Drive Business

South State Correspondent

The various programs are wide ranging, complicated, and impactful which is why now is an excellent inflection point to provide financial advisory to both your retail and commercial customers. The breadth of these programs is massive and combines grants, tax credits, production incentives, tax relief, and private investment stimulus.

America 195
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Capital One Trains Virtual Assistant Eno To Be Proactive with New Tax Feature

Bank Innovation

Most virtual assistants are reactive, but Capital One is training its virtual assistant, Eno, to be proactive, according to Ken Dodelin, VP of conversational AI products at the bank. Most [virtual assistants] are chasing reactive customer questions,” Dodelin told Bank Innovation. “We

Training 170
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Crypto Fails To Impress For Corporate Tax Payments

PYMNTS

to allow businesses to pay their corporate taxes in bitcoin. According to Good Audience , hundreds of thousands of retailers currently accept cryptocurrency. During the first tax season in which crypto payments were an option for Ohio companies, only two businesses in the state actually used cryptocurrency to do so.

Taxes 145
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Commercial Landlords Pinched As Retailers, Theaters, Gyms Skip Rent Payments

PYMNTS

As property executives report their quarterly earnings, some landlords are starting to put the squeeze on retailers that have skipped rent payments as a means to survive pandemic-triggered lockdowns. Spirit Realty Capital told FT that it had collected just 12 percent of the rent owed by movie theaters last month.

Retail 152
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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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Bitcoin Daily: China Construction Bank Grows Blockchain Platform; IRS Tax Forms Now Ask About Crypto

PYMNTS

In other news, the Marco Polo Network has announced that it has secured its first Russian-German import-export operations financing project. We expect Marco Polo to ensure seamless collaboration of several sides engaged in international trade operations (banks, suppliers, insurance companies, etc.)

Taxes 109