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US Treasury: Taxes On Digital Companies Are Discriminatory

PYMNTS

Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. Treasury’s top international tax official, called the taxes “ill-conceived,” and said the better option was to go after tax reform internationally at the Organisation for Economic Co-operation and Development ( OECD ).

Taxes 132
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Japan’s Central Bank Chief Presses For Global Effort To Regulate Libra 

PYMNTS

The creation of money will “strictly remain the province of sovereign nations,” CoinTelegraph reported. Japanese authorities formed a task force in July to study the impact of Facebook’s proposed cryptocurrency. The group’s goal is to work on policies to deal with how Libra will affect payments, monetary policy, regulation and taxes.

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The Rapid Rise Of Social Credit Scores 

PYMNTS

Last year, millions of Chinese travelers were banned from buying airline tickets because of outstanding social credit offenses. million times last year for offenses such as unpaid taxes and fines. million times from purchasing train tickets, and 128 people were blocked from leaving the country because of unpaid taxes.

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Don’t let love blind you from Romance Scams

Qudos Bank

While dating apps, social media networks and gaming apps are great to connect with like-minded people, they could also put you at risk of connecting with a scammer that will manipulate you for money. You are asked to pay a deposit or overseas taxes or duty prior to being able to make a withdrawal. Million in overall losses.

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Deep Dive: Striking A Balance In Digital ID Security

PYMNTS

It’s undeniably advantageous to the world economy, with a recent study finding that national digital ID systems could induce GDP growth of up to 13 percent. A study by LastPass found that 59 percent of consumers used the same passwords for multiple accounts, despite the fact that 91 percent acknowledged that as a risk factor.

Security 129
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Don’t let love blind you from Romance Scams

Qudos Bank

While dating apps, social media networks and gaming apps are great to connect with like-minded people, they could also put you at risk of connecting with a scammer that will manipulate you for money. You are asked to pay a deposit or overseas taxes or duty prior to being able to make a withdrawal. Million in overall losses.

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Facebook Q2 Earnings Preview: Ad Sales, Libra To Affect Growth

PYMNTS

The Senate’s hearing ended with a lack of clarity on what data Facebook would collect from Calibra transactions, including financial habits of users, and how the company would ensure both national and personal security. For those who missed it, PYMNTS published a recap of Libra’s week in Washington.).