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Intel Unit Case Could Mean Billions In Taxes For Big Tech

PYMNTS

A tax dispute between Intel and the Internal Revenue Service could cost large technology companies billions of dollars, according to a report by The Wall Street Journal. Altera Corp, acquired by Intel, which inherited the case, sued the IRS in 2012. The case has been rolling along for years, and the latest ruling was in June.

Taxes 116
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3 top tech trends for public accountants to watch in 2017

Abrigo

Ellison-Taylor, chairman of the AICPA , recently noted that technology tops her list of the most important trends shaping 2017 because it will drive so many of the profession’s opportunities and challenges in the year ahead. But how are accountants supposed to keep up with all of the technological trends ?

Trends 218
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WeChat, Alipay Partner QFPay Notches $20M For Payment Innovation

PYMNTS

QFPay was founded in China in 2012 and is known for its QR code-based technology. Real-time tax refund services are in over 80 airports and 49 markets outside Mainland China, supporting cross-border payment transactions in 16 currencies. This new round of funds brings QFPay’s total funding to $36.5

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Top News In Payments: Grubhub Denies Sale Rumors; PayU Acquires India FinTech PaySense

PYMNTS

Chamber of Commerce, criticized presidential candidates on their proposed policies concerning Medicare and taxing of the wealthy. Amazon is planning to launch a luxury fashion platform in the beginning half of 2020, an initiative it first attempted without success in 2012. US Chamber Leader Criticizes Presidential Candidates.

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Small Businesses At The Center Of Bots Vs Accountants

PYMNTS

Separate reports from The Wall Street Journal ( WSJ ), published last April, also demonstrated the changing nature of corporate finance: While the Big Four accounting firms’ advisory and consulting revenue jumped by a combined 44 percent since 2012, revenue from straightforward auditing for the firms rose just 3 percent in that time.

Taxes 179
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Challenges to monetary policy: lessons from Medieval Europe

BankUnderground

This is done by ensuring money is produced according to the strictest standards and avoiding manipulating it to the king’s benefit ( inflation tax ). The French crown successfully engaged in repeated episodes of inflation-tax financing of wars ( Sussman and Zeira (2003) ). Lesson from the Medieval French monetary experience.

Policies 116
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Google Tracker: Making Allies And Enemies

PYMNTS

The Israeli cybersecurity company Check Point Software Technologies alerted Google to the cyberattack on Aug. 2012 not to use third-party content such as images and reviews from parties that opted out, a practice known as “scraping.” The company is now demanding the Federal Trade Commission reopen that 2012 Google case “ immediately.”.

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