article thumbnail

Overstock To Pay Some Ohio Business Taxes With Bitcoin

PYMNTS

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

Ohio 177
article thumbnail

What The Streamlined Sales And Use Tax Agreement Means After Wayfair

PYMNTS

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. . SSUTA’s Role in South Dakota v.

Taxes 141
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

EU ‘Link Tax’ May Shutter Google News Abroad

PYMNTS

A “link tax” might mean the end of Google News in the EU. Richard Gingras, the search engine’s vice-president of news, said while “it’s not desirable to shut down services” the company isn’t happy with Brussels’ current proposal to charge a link tax for using news stories.

Taxes 144
article thumbnail

Tax Reform Pushes SMEs To Ditch Paper Accounting

PYMNTS

Tax reform in the U.K. Government authorities are set to publish proposals that would require SMEs to submit quarterly tax returns online, reports said Tuesday (Jan. It’s an initiative, dubbed Making Tax Digital, the U.K. It’s an initiative, dubbed Making Tax Digital, the U.K.

Taxes 120
article thumbnail

Is Sales Tax An Anchor On Amazon?

PYMNTS

One of the more long-grumbled complaints in retail is that Amazon and other eCommerce players are able to exploit a loophole that allowed them to mostly avoid charging sales tax. Would collecting sales tax 100 percent of the time take a bit out of Amazon’s bottom line? Recent data suggests — probably not.

Taxes 101
article thumbnail

Grocery Tracker: Food Markets’ Lag In Online Presence

PYMNTS

Elsewhere, a new tax is set to be levied on sugary beverages sold in restaurants and supermarkets in five more U.S. In San Francisco, Oakland and Albany, California, consumers voted to see a one-cent-per-ounce tax on all sugary beverages, joining Berkeley, California, which instated a similar tax two years ago.

Online 100
article thumbnail

Online Shopping Drives Up Rent For Warehouses

PYMNTS

percent from 2014-2019. Urban developers confront “competition with other uses such as retail, multi-family apartments, offices and mixed-use developments that generate higher taxes and higher rents,” Walaszek added. Space availability is down 7.4 percent from 11.3 percent, CBRE said. Overall industrial rents are up 23.9

Online 116