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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

PYMNTS

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. They falsely claimed to have a Harvard-educated CEO backing them.

Taxes 170
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Brexit And Beyond: Crossing The International eCommerce Tax Rubicon

PYMNTS

But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes. When [eCommerce companies] can’t get through the language barrier, the outcome is large-scale tax evasion, whether through ignorance, or whether through deliberate actions across the world.”.

Taxes 123
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Plastiq Talks Commercial Cards, ePayment Trends

PYMNTS

Adoption of commercial cards in B2B payments has emerged as one of the hottest industry topics of the year thanks to new FinTech innovations and industry leaders like Visa and Mastercard making a push further into the market. These are optimistic observations for an industry where commercial cards have struggled to get off the ground.

Trends 171
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Understanding 1st-party fraud: Risks and resolutions

Abrigo

Rather than stealing someone's identity or using a friend or family member's details, the account holder is who they say they are and uses their account to commit fraud—for example, applying for a loan with no intention of paying it back or filing a false chargeback claim. The scam here is an inside job, making it inherently more elusive.

Fraud 195
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MTrac Launches Marijuana Payments Platform For Louisiana

PYMNTS

Though the company did not say which bank this is, MTrac said that collaboration will enable it to provide card processing services and B2B payments down the industry’s supply chain. MTrac added in its announcement that it aims to operate as an example for other states that have legalized marijuana for recreational and/or medical use.

Louisiana 135
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New money, old money

BankUnderground

Prior to the late-seventeenth century, English money comprised predominantly silver coin and in the subsequent two centuries mainly gold coin, before evolving to include paper banknotes and bank accounts linked to card, internet and app-based payment systems. They became the first paper money accepted for payment of tax.

Taxes 100
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What to Do If You?re Claimed Wrongly as a Dependent on Someone Else?s Tax Return

MyBankTracker

Being claimed as a dependent on someone else’s tax return or claiming a dependent on your tax return can have a direct impact on the amount of your tax refund or the amount you owe. Two tax returns can’t both claim the same dependent even if they have different filing statuses. This could be identity theft.

Taxes 52