PYMNTS

JULY 28, 2019

Despite President Donald Trump’s recent threats, French Finance Minister Bruno Le Maire said that his country is moving forward with taxing big tech firms. His comments came after Trump threatened to tax French wines in retaliation for its plan for a digital services tax, which he says unfairly targets U.S.

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Taxes United States National Apple 148

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.

Taxes 141

Taxes Google Seattle National 141

PYMNTS

SEPTEMBER 16, 2020

To assist companies in following Goods and Services Tax (GST) rules in India, Avalara, Inc. The solution comes on top of the technology firm’s array of offerings to bolster the GST compliance experience for companies in the country, according to a Wednesday (Sept. has debuted its Avalara India GST e-Invoicing product.

Taxes 163

Taxes Compliance Software Resources 163

PYMNTS

MARCH 6, 2019

The European Union has announced that it will not move forward with a digital tax plan covering the entire EU, but also said it would look at reforming tax laws for internet companies, according to a report from Reuters. The global tax reform is being prepared by the Organisation for Economic Co-operation and Development (OECD).

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Taxes Google United States Maine 123

PYMNTS

DECEMBER 13, 2020

The incoming administration of President-elect Joe Biden should avoid the broad-based use of tariffs, re-engage allies and spend more on education — but preserve the President Donald Trump administration's tax and regulation cuts, nearly 300 CEOs assembled for a virtual Wall Street Journal conference said.

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Taxes Regulation Conference Washington 186

PYMNTS

NOVEMBER 24, 2020

European nations are hoping that an expected thaw in their relations with the U.S., after the change of administrations, will include an agreement over taxing Big Tech. President-elect Joe Biden's team about trade and taxes, according to Accounting Today.

Taxes 142

Taxes Groups Policies National 142

PYMNTS

APRIL 10, 2019

France’s lower parliament has passed a proposed tax that targets the revenue of tech giants like Google , Amazon and Facebook. Last month, France’s finance minister announced the 3 percent tax, which targets digital businesses with €750 million ($845 million USD) in global revenue and €25 million in domestic revenue.

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Taxes National Google Maine 108

PYMNTS

FEBRUARY 10, 2020

The jousting over eCommerce taxes — especially for U.S. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government.

Taxes 175

Taxes Illinois Study Operations 175

PYMNTS

JANUARY 3, 2019

Overstock , the online retailer and blockchain company, announced Thursday (Jan. 3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. state to offer this way of paying for business taxes, noted Overstock in the press release. “We

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Ohio Taxes Bitcoin cryptocurrency 177

PYMNTS

AUGUST 26, 2019

have reached a deal to end the standoff over a French tax on big internet companies, The Hill reported. Macron also took to Twitter : “Some digital players pay very little tax. realDonaldTrump and I have just agreed to work together on an agreement at the @OECD level to modernize international tax rules. G7Biarritz”.

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Taxes Report US United States 116

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. International internet companies will reportedly have to pay a 3 percent levy on web-based sales.

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Taxes National Report Operations 116

PYMNTS

JANUARY 29, 2019

Paying business taxes is a key source of friction for many legal marijuana companies in the nation, particularly for companies that operate on a cash-only basis. Under the state’s tax rules, prescription drug sales are exempt from gross receipt taxes. million refund. million refund.

New Mexico 134

New Mexico Taxes Operations National 134

PYMNTS

DECEMBER 18, 2018

France, which had vowed to start taxing Google , Apple , Facebook , and Amazon in December if the European Union failed to agree on a digital tax, now says the tax will be implemented on January 1. If the European states do not take their responsibilities on taxing the GAFA, we will do it at a national level in 2019.”.

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Taxes Google Apple Company 128

PYMNTS

JANUARY 22, 2020

Big Tech, too, of course, and digital taxes. And Digital Taxes. With a nod to digital taxes and trade disputes, the U.S. has suspended tariffs that would have been levied on French imports amid disagreements over digital taxes France imposed on Big Tech firms. have been considering or embracing digital taxes.

Taxes 131

Taxes Regulation Conference National 131

PYMNTS

OCTOBER 19, 2020

Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. The new regulations would also reshape the manner in which these companies collect and harness information. Regulation.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

NOVEMBER 25, 2020

Please note that as per our terms of use, we are unable to service US persons,” the company reportedly said in the email, as per the outlet. On another note, the national assembly of South Korea is advocating for the debut of certain taxation for crypto assets to be postponed, Coindesk reported.

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Taxes US Report social media 243

PYMNTS

MARCH 15, 2019

With the first tax season post-tax reform nearing completion in the U.S., Ongoing regulatory changes and persistent uncertainty mean that that importance will continue even outside of tax season, with challenges that even the most automated of accounting software solutions cannot always tackle. Tackling Tax.

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Taxes South Dakota Software Survey 193

PYMNTS

JANUARY 25, 2021

Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . After Spain’s government levied a new digital tax, Amazon plans to increase fees by 3 percent starting in April for Spanish firms harnessing its platform, Reuters reported. Google Makes Deal to Pay Media Companies for Content in France.

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Taxes Google Compliance Apple 141

PYMNTS

JULY 13, 2020

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. Abra, which works by letting users bet on price movements of listed U.S.

Taxes 170

Taxes Bitcoin Capital cryptocurrency 170

PYMNTS

NOVEMBER 25, 2019

Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports , be levied on revenues tied to Czech users across advertising, digital marketplaces and data sales.

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Taxes Google Data Regulation 130

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. Don’t cry for eBay, though.

Taxes 102

Taxes Online San Jose South Carolina 102

PYMNTS

OCTOBER 11, 2019

In the digital age, it’s become easier than ever for companies of all sizes to broaden their reach and sell to new markets. But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes.

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Taxes Course Company Training 123

PYMNTS

SEPTEMBER 6, 2017

Sweden is looking to become an epicenter for entrepreneurs and hopes to entice small businesses to set up shop, thanks to tax legislation changes in the country. We want to make it possible for these companies to stay and grow in Sweden.”. Reports said legislators are also planning to lessen payroll taxes for small businesses.

Taxes 128

Taxes National Report Groups 128

PYMNTS

DECEMBER 16, 2020

16), the National Restaurant Association offered up seven public policy tenets that – in collaboration with delivery aggregators – are being billed as a “framework” for the delivery industry. In most cases, those commissions charged by companies like Grubhub, Uber Eats and DoorDash have been reduced to 15 percent from a 30 percent threshold.

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National New York City Policies New Jersey 160

PYMNTS

NOVEMBER 11, 2019

The state of Missouri is reportedly considering a ban on cash tax payments, a move that has raised concerns for local legal marijuana businesses that are struggling to obtain banking services and relying on cash to remain in operation. On a national level, the U.S.

Taxes 101

Taxes Missouri Payments National 101

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.

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Taxes Regulation cryptocurrency Google 133

PYMNTS

NOVEMBER 29, 2019

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. At the same time, navigating tax policies is proving to be a complex business. tax policy at Avalara , noted that this holiday season is the second one post-Wayfair. The hard part?

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Taxes South Dakota New York Nebraska 134

PYMNTS

NOVEMBER 30, 2020

million of the 18 million users of the social media company in Korea was given to operators beyond Facebook without them knowing between May 2012 and June 2018. to the nation’s prosecution for a criminal probe. The French Finance Ministry has told Big Tech firms that the Digital Service Tax is now due, PYMNTS reported, citing Reuters.

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Taxes Chicago Compliance Apple 130

PYMNTS

AUGUST 12, 2020

Venezuela may be going forward with a plan to allow the use of the Petro (PTR) cryptocurrency to pay taxes, according to Cointelegraph. His charges involve Q3 telling investors the company used a proprietary algorithm that guaranteed returns trading on cryptocurrency.

Taxes 160

Taxes Bitcoin cryptocurrency New York 160

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

OCTOBER 24, 2019

Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. Online retailers aren’t sitting still when faced with new taxes — and some are even fighting back in court.

Taxes 101

Taxes San Jose Kansas South Dakota 101

PYMNTS

OCTOBER 12, 2020

German Finance Minister: More Than 130 Nations Agree to Corporate Tax Framework. 9) that over 130 nations have consented to a framework to bring forward international business taxation rules for discourse by the G20 finance ministers this week, Reuters reported. German Finance Minister Olaf Scholz said Friday (Oct.

Taxes 142

Taxes Google social media Regulation 142

PYMNTS

AUGUST 22, 2019

The Navajo Nation announced that it has settled its lawsuit against Wells Fargo & Co for $6.5 The Navajo Nation sued Wells Fargo in federal and tribal courts in 2017, claiming it targeted tribal members with “predatory sales tactics.”

National 108

National Alabama Colorado Taxes 108

PYMNTS

NOVEMBER 13, 2017

small business (SMB) lobby, the National Federation of Independent Business (NFIB), denounced the House Republican tax plan, it has reversed its opinion and backed the proposals following revisions proposed by Representative Kevin Brady (R-Texas). Days after U.S.

Taxes 100

Taxes Texas Survey Policies 100

PYMNTS

JANUARY 17, 2018

Tax preparation firm H&R Block announced Tuesday (Jan. Under the terms of the deal, H&R Block will become the sole provider of tax software available at Walmart stores. “At The company has not yet named Collins’ replacement. Its shares rose 1 percent intraday in the wake of the news, CNBC reported.

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Taxes Software Kansas City Kansas 108

PYMNTS

JULY 24, 2017

Aside from the eCommerce overload, retailers from across the board have been showing increased amounts of concern over a potential new border adjustment tax (BAT) proposed by U.S. The hope in President Donald Trump’s administration is that through the implementation of this new tax American jobs will see a resurgence.

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Taxes Retail Industry Washington 108

PYMNTS

NOVEMBER 7, 2019

The tax man looms across state and international borders, searching for digitally derived dollars due — scanning sites, platforms and even pop-up stores. However, as has been the case in so much of eCommerce, venturing into new geographies means companies must grapple with a host of new issues. Last year, in the case of South Dakota v.

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Taxes South Dakota Online Compliance 100