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EU Wants US Tech Giants To Pay Revenue Tax

PYMNTS

Germany, France, Italy and Spain’s finance ministers have announced plans to tax tech multinationals, such as Amazon and Alphabet Inc./ billion in back taxes plus interest for “undue tax benefits” obtained from the Irish government from 2003 to 2014. That means a 10 percent tax would amount to $3.5

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NerdWallet Acquires SMB Finance Platform Fundera

PYMNTS

The acquisition will help NerdWallet expand its options for financial guidance and financing options for SMB owners, giving it a bigger piece of the SMB market and "advancing its mission of providing clarity for all of life's financial decisions," according to the release. The deal for NerdWallet didn't end up going through.

Resources 209
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Xero Partners With Square For Faster B2B Payments

PYMNTS

Xero also summarizes point-of-sale Square sales, including tips, surcharges and taxes. Square is headquartered in San Francisco, California and was founded in 2009 by Jim McKelvey and Jack Dorsey. This integration is intended to make it easier for SMBs to track sales and simplify reconciliation. last year and has offices in 20 cities.

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Intuit Eyes Buying Credit Sesame, NerdWallet And Finicity

PYMNTS

Intuit , the tax software company best known as being the enterprise behind QuickBooks and TurboTax , is looking into acquiring FinTech Finicity , according to reports. On Monday (March 9), the market saw Intuit’s shares dip 4.3 Intuit recently bought Credit Karma for $7 billion. percent, which is $11.45, to $263.73.

Taxes 154
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Government Aid Expected To Spur Economy To Pre-COVID Peak In Mid-2021

PYMNTS

economy and jobs market will take years to recover from the coronavirus economic crash. The CBO’s projections assume that “current laws governing federal taxes and spending (as of Jan. percent, the first economic contraction since 2009 and the biggest drop since 1946, another U.S. A new report predicts the U.S.

Taxes 150
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Guest Post: Quarterly Financial Markets and Economics Update by Dorothy Jaworski

Jeff For Banks

His election has already brought change to the financial markets, sending stocks rising 6%, as measured on the S&P 500 index, and sending interest rates to their highest levels in years. Clearly, the markets expect change. Since the recovery began in June, 2009, real GDP growth has averaged 2.3%.

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Retail Bankruptcies, Closures Faster This Year Than Last

PYMNTS

percent from the month prior — the weakest sales performance since December 2009. The reported noted that a subpar 2018 holiday season was a main factor, with December retail sales dropping 1.6 The bankruptcies of just these three retailers led to the closure of roughly 3,700 stores.

Retail 137