PYMNTS

DECEMBER 7, 2020

UK Regulations to Create New Digital Markets Unit. antitrust regulators are creating a Digital Markets Unit that will be given the duty to enforce rules applicable to Big Tech firms. Regulators also called out the tech company’s warranty terms for not covering water damage. Canada Looks to Tax International Tech Firms.

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Apple Regulation Taxes Marketing 143

PYMNTS

OCTOBER 12, 2020

Here’s the latest news from Big Tech firms, which are coming under increasing scrutiny from regulators and politicians from the U.S. German Finance Minister: More Than 130 Nations Agree to Corporate Tax Framework. Verkhovna Rada, the parliament of Ukraine, is mulling a law taxing digital communication platforms from abroad.

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Taxes Google social media Regulation 142

PYMNTS

JULY 1, 2019

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. However, the tax would only be payable in the event that total capital gains are more than the annual capital gains tax exemption of £12,000.

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Taxes social media cryptocurrency Capital 115

PYMNTS

JANUARY 29, 2020

29) that it supports plans to establish a digital regulator. The short-term home rental firm won an exemption from European property regulations in a ruling last month of the Court of Justice of the European Union (CJEU), Reuters reported. Airbnb made its support official in a series of letters to EU and city leaders.

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Regulation New York Taxes Policies 142

PYMNTS

MAY 7, 2018

China introduced new tax initiatives aimed at bolstering the nation’s entrepreneurs, according to local news reports on Friday (May 4). Vice finance minister Cheng Lihua introduced seven new tax policies during a press conference Friday, with the goal of saving small businesses $9.45 billion a year, reports from Xinhua said.

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PYMNTS

SEPTEMBER 3, 2019

Today in the payments news roundup, transformative innovations in payments and commerce are making the visible, invisible. And regulators are taking a close look at payroll advance apps. Why Invisible Will Make 2020’s Payments Innovation Roar. Report: The Risky Business of Navigating Online Sales Tax for Merchants.

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Innovation Data Taxes Payments 101

PYMNTS

SEPTEMBER 8, 2020

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Regulation. The FAA supports innovation that is beneficial to the public, especially during a health or weather-related crisis.”. and other countries.

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Taxes Google Apple social media 131

PYMNTS

JANUARY 15, 2021

To get a bit more granular, in an interpretive letter , the OCC said that regulated financial institutions (FIs) can participate in independent node verification networks (INVN for short – namely, a blockchain network). But if the road to stablecoins is getting clearer, don’t expect rush-hour traffic on that road yet, cautioned Allaire.

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Regulation US Payments Compliance 253

PYMNTS

MARCH 18, 2019

It’s been a whirlwind few weeks — OK, make that months — for big tech firms as regulators look ever more closely at business tactics. Businesses that are built and invested in and become successful because of their innovation.”. Google, Amazon and Facebook would be subject to the tax, as would a few dozen companies operating in France.

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Regulation social media Google Taxes 159

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. Reports said legislators are also planning to lessen payroll taxes for small businesses. Reports Tuesday (Sept. billion for extra spend. percent, higher than that of the U.K.

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Taxes National Report Groups 128

PYMNTS

MAY 3, 2019

They should have spent money on innovating. Unfortunately for Turo (the competition), that has meant a push in state after state for regulations supposedly aimed at “leveling the playing field” between P2P carsharing services and regular rental car companies. Reasonable And Unreasonable Regulations.

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CFPB Monitor

MAY 13, 2022

The Treasury Department’s General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals includes a proposal concerning how EWA programs should be characterized for tax purposes. It would also add a definition of on-demand pay arrangements to the IRC.

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Taxes California Regulation Exercises 78

PYMNTS

SEPTEMBER 24, 2019

Bank of Japan Head Haruhiko Kuroda spoke to business leaders in Osaka about the importance of having a coordinated global plan to regulate Libra and other cryptocurrencies, Reuters reported on Tuesday (Sept. He urged policymakers to ensure that the highest level of regulation is applied to such assets.

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Regulation social media cryptocurrency Policies 108

PYMNTS

DECEMBER 22, 2016

are eyeing incoming regulations likely to impact their businesses, and small business payroll and HR firm Paychex has identified the legislation about which SMEs are most concerned. Tax reform takes the top spot of regulations SMEs are watching most closely, Paychex said in its release of the survey results Wednesday (Dec.

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The Banker

OCTOBER 3, 2019

Aggressive tax planning costs governments billions of dollars a year – not helped by an uneven regulatory playing field between the US and Europe, as Anastasia Nesvetailova and Ronen Palan of City University, London, discover.

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Taxes Regulation Innovation US 28

PYMNTS

JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. At the same time, it was said that those who engage in digital asset dealing will have to follow rules for anti-money laundering (AML), among other regulations.

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Bitcoin Regulation New York Video 108

PYMNTS

NOVEMBER 1, 2018

FinTech innovation is often a layered process, taking existing infrastructures and processes, and developing new tools to improve upon them. These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping. .

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Taxes California Regulation Innovation 122

Jeff For Banks

JULY 8, 2018

Rather than searching reputable sources for how this bank or that bank innovates, I thought I would give it to you straight from the gut. Because experience tells me that bankers are struggling with innovation. At its core, innovation should solve problems. Make innovation a bank wide call to arms. What's a banker to do?

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Innovation Resources Taxes Leadership 60

TheGuardian

SEPTEMBER 7, 2022

Kwarteng, who previously led the business department, told 14 executives from City firms, including HSBC, NatWest and Barclays, that the government was pursuing “unashamedly pro-growth” policies that would involve slashing taxes and regulations, while creating the right conditions for investment and innovation.

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Policies Taxes Meeting Regulation 98

PYMNTS

SEPTEMBER 6, 2019

Why Invisible Will Make 2020’s Payments Innovation Roar. Two hundred and seventy-four years later, those words are the perfect framework for understanding what will define the next decade of innovation in payments and any ecosystem that touches it. Regulators Taking Close Look At Payroll-Advance Apps. Trackers and Reports.

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Innovation Payments Apple United States 116

PYMNTS

MARCH 17, 2020

The DEO “seeks concepts and an operator to program the space to boost innovation and entrepreneurship, demonstrate creative placemaking and feature the Made in Fairfax Network. Craftmakers, according to the regulation, must sell as well as manufacture, with the retail side of the business-boosting commerce in mixed-use districts.

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PYMNTS

JUNE 9, 2019

Reuters reported Lagarde said that technology companies’ use of big data and AI i ncreases big tech companies’ dominance in the mobile payments market, which could result in policymakers around the world rethinking how they regulate the banking system and how they ensure financial settlements are made safely and securely. “A

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Industry Big Data Fintech Taxes 190

PYMNTS

APRIL 19, 2019

The EU’s General Data Protection Regulation (GDPR) is a prime example, said Jones. Payroll and tax-related regulations are also a strategic focus for accountants handling payroll for their customers.

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Innovation Compliance Technology Resources 154

Payments Source

NOVEMBER 20, 2017

Beyond overall tax cuts, there's also potential benefits for investors in fintech and payments innovation, writes Rick Lazio, former Republican Representative from New York and current senior vice president at alliantgroup.

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Taxes New York Industry Payments 71

PYMNTS

JULY 29, 2019

Ripple CEO Brad Garlinghouse and its Executive Chairman Chris Larsen penned an open letter to Congress regarding the regulations of cryptocurrencies. The Ripple founders then urged Congress to support regulation of crypto, in a way that doesn’t harm companies’ abilities to make the most out of the technology and continue to innovate.

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cryptocurrency Regulation Taxes Policies 182

PYMNTS

JULY 22, 2019

They grilled execs from Google, Amazon and Facebook over claims of their size and power, which is said to be driving smaller companies out of business, reducing opportunities for new innovators to emerge and tilting the competitive playing field too far in their direction. That’s what teenagers did 34 years ago for fun.

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PYMNTS

DECEMBER 27, 2016

Regulation is a strong factor behind why SMEs have such a bright outlook for next year, but it’s also the reason many small businesses are forced to keep on their toes. Analysts say small business owners are confident in a unified Republican government, as well as plans to cut corporate taxes.

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Regulation Survey Taxes Cards 108

PYMNTS

JANUARY 27, 2020

The change may have been telegraphed more than a year ago in October 2018, when Mick Mulvaney, who had been serving as acting director of the agency, said that the CFPB was working on a new regulation to define those practices, as reported in The Wall Street Journal. Digital Taxes, Abroad.

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New York Taxes California Conference 179

PYMNTS

SEPTEMBER 20, 2020

Breton’s remarks come amid public hearings on amendments to the EU’s 20-year-old Digital Services Act (DSA), a measure crafted to strengthen digital services, foster innovation and competitiveness of Europe's online environment. Violators would be assessed penalties for non-compliance.

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Compliance Regulation System Taxes 175

PYMNTS

DECEMBER 18, 2020

Progressive continues to innovate and make it easier for good drivers to save on auto insurance,” said Jim Haas , usage-based insurance business leader for Progressive. . The deal got the attention of antitrust regulators due to Intuit’s ownership of Turbotax. Intuit closed its $8.1 However, the U.S.

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Tools Taxes Regulation Innovation 242

PYMNTS

AUGUST 3, 2018

For much of the world, electronic invoicing is taking off — not only for the benefits it offers, like enhanced cash flow visibility, but largely because jurisdictions are implementing eInvoicing regulatory requirements to crack down on tax evasion. Europe and Australia, too, have eInvoicing mandates in place. While the U.S.

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Regulation Data America Payments 101

PYMNTS

DECEMBER 3, 2020

Like all regulations, the new Digital Services Act brewing in the European Union has its detractors (those who will be regulated) and its fans (those who are writing the regulations). Its detractors say it will stifle innovation. Yet the DCP still sees the need for regulations. Somewhere in between are consumers.

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Regulation Google National Marketing 204

PYMNTS

JANUARY 16, 2019

The CBA said it will look to include smaller and mid-sized banks on the platform, with eventual additions of tax agencies and customs activities to the platform. Separately, the South Korean government has been eyeing tax breaks for blockchain in a move that looks to bring innovation to the region.

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blockchain Taxes Security Survey 206

PYMNTS

JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. Payment Challenges Stall Government Innovations . State and local government disbursements are no exception to these expectations, since many consider them to be crucial parts of their incomes.

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Payments US Fraud Innovation 130

PYMNTS

SEPTEMBER 17, 2019

And an increased number of banks are swapping their own regulators for Office of the Comptroller of the Currency (OCC) oversight. Square Launches SMB Tax ID Tool. Its purpose is to simplify the challenging EIN acquisition process to create a separate tax infrastructure for the business.

Payments 100

Payments Taxes Regulation Tools 100

PYMNTS

JULY 26, 2020

“Our charter application incorporates truly novel ideas that have received detailed scrutiny from multiple regulators,” Caitlin Long , CEO and founder of Avanti, said in the release. ” Avanti intends to use Avit, an equivalent to cash that is nicknamed a “stablecoin disruptor,” according to the release. ”

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Wyoming cryptocurrency Regulation blockchain 153

PYMNTS

MARCH 26, 2018

The rise of RegTech is not by chance: There is an undeniable link between regulatory changes and technological innovation, and that link has a profound impact on FinTech and the financial services market. Europe is an epicenter for both regulatory shifts and FinTech innovation. Tax fraud is a massive threat of corporates.

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Taxes Fraud Compliance Regulation 102