PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Imposing state taxes on out-of-state sellers is now the new normal, she said.

Online 132

Online Taxes Compliance Missouri 132

PYMNTS

NOVEMBER 9, 2020

Despite COVID-19, we are encouraged by the increases we are seeing in shopper traffic, retailer sales and tenant rent collections across our portfolio,” CEO David Simon said in a statement. “We We have withstood lack of federal and state help, especially in real estate taxes. billion, versus 2019’s $1.42 We have withstood COVID.

Trends 169

Trends Retail Taxes Louisiana 169

PYMNTS

SEPTEMBER 12, 2019

And additional retail bankruptcy filings are expected in the second half of the year, while brick-and-mortar stores will continue to close at a higher rate, according to a report by professional services firm BDO USA LLP. The reported noted that a subpar 2018 holiday season was a main factor, with December retail sales dropping 1.6

Retail 137

Retail Charlotte New York Taxes 137

PYMNTS

DECEMBER 16, 2019

Is there a better way to deal with online sales taxes ? 8 percent: Rise in number of small businesses using their FIs’ mobile banking apps between 2018 and 2019. . 8 percent: Rise in number of small businesses using their FIs’ mobile banking apps between 2018 and 2019. Will fraudsters run wild this holiday shopping season ?

Taxes 130

Taxes Online Mobile Data 130

PYMNTS

DECEMBER 4, 2018

France and Germany have come up with a compromise for a European Union (EU)-wide digital tax, abandoning a wide-ranging 3 percent tax on revenues generated by ad sales in the digital economy. However, officials noted that other retailers like Amazon , Airbnb and Spotify would most likely be excluded. billion USD) a year.

Taxes 115

Taxes Google Meeting Groups 115

PYMNTS

NOVEMBER 24, 2020

It became the first brick-and-mortar retailer to earn the majority of its revenue from eCommerce as 54 percent of its third-quarter take came from digital channels. “We The company did not extend any end-of-the-year guidance outside of an expected 20 percent decrease for Q4 over 2019. “As

Retail 221

Retail US Online Taxes 221

Accenture

AUGUST 20, 2019

Industry statistics (based on non-retail card issuers in scorecard section). 3 After-Tax ROA of issuers that publicly report – Citigroup, Capital One, Synchrony and Discover 4 YoY = Year-over-year change versus 2Q18. Issuer scorecard ($billions)—Q2 2019. Retail Card, Payment Solutions, and CareCredit).

US 150

US Cards Capital Apple 150

PYMNTS

JANUARY 3, 2020

Looking past the cheerful numbers tied to holiday shopping and the tens of billions of dollars spent on Black Friday, Cyber Monday and into Christmas, the decline of retail, at least the traditional retail model, continues into the new year, and across oceans. The retail sector is among the largest employers in the U.K.,

Retail 131

Retail Samsung National Taxes 131

PYMNTS

JANUARY 25, 2021

Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . After Spain’s government levied a new digital tax, Amazon plans to increase fees by 3 percent starting in April for Spanish firms harnessing its platform, Reuters reported. Google Raises Specter of Making Search Inaccessible in Australia.

Taxes 141

Taxes Google Compliance Apple 141

PYMNTS

JULY 19, 2018

According to the National Retail Federation , as of last year parents entered August with about 45 percent of their back-to-school shopping done. Retailers have reason to want to tap into it because back-to-school shopping is an incredibly valuable run of commerce activity. How Tax Holidays Work. That spend is big spend.

Taxes 101

Taxes Trends Massachusetts Louisiana 101

PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

Retail 218

Retail Online Cards Data 218

PYMNTS

APRIL 1, 2019

Retail sales fell in February, as consumers curbed their spending and the stimulus from the tax cuts began to disappear. According to the Commerce Department’s monthly retail sales report, retail and food services sales for February declined 0.2 The news outlet reported economists forecast retail sales to increase 0.3

Retail 108

Retail Taxes Report 108

PYMNTS

DECEMBER 26, 2018

A look into 2019 does show some signs for concern, however, according to a recent report from Dun & Bradstreet. PYMNTS: What industries will be at risk for delinquencies in 2019? percent respectively in the current quarter, and are ones to watch through H2 2019. The analytics company issued its Quarterly U.S. percent, 4.8

Industry 148

Industry United States Taxes Analytics 148

PYMNTS

DECEMBER 7, 2018

The “yellow vest” protests have cost French retailers about $1.1 billion dollars in revenue since they started last month, according to The French retail federation (FCD). On Friday (Dec. 7), Reuters reported that the continuing protests have had a large detrimental effect on the economy.

Retail 130

Retail Taxes Groups Report 130

PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . These are are the 2019 payment trends that made the most significant impact and promise to make even more substantial impacts in the new decade. Did Blockchain Peak In 2019?

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

DECEMBER 26, 2018

and China, local Chinese vendors operating in Yiwu International Trade City are upbeat about 2019. tariffs placed on Chinese exports and a crackdown on eCommerce platforms like Amazon by the European Union to stop online vendors from evading taxes, local Chinese merchants expect cross-border sales to grow.

Training 126

Training Taxes Online Operations 126

PYMNTS

JANUARY 25, 2021

The extra costs were definitely a bit of a shock," 26-year-old Londoner Ellie Huddleston told the BBC upon discovering that she owed about $100 in additional tax and duties on a $275 jacket. "I had no idea at all I was going to be charged any more for deliveries after Brexit. and Europe are mulling the unthinkable to avoid the ridiculous.

Retail 188

Retail Branding Taxes Report 188

PYMNTS

DECEMBER 15, 2020

The chain currently has 167 retail locations, most of them operating under the Shoe Palace flag. More than 50 percent of the retail locations are in California, but the retailer has an “established retail presence” in Hawaii, New Mexico, Colorado, Florida, Arizona, Nevada and Texas.

California 220

California Hawaii Arkansas Nevada 220

Bank Innovation

FEBRUARY 18, 2020

The top-10 global bank reported Tuesday that in 2019, net profit fell 53% to $6 billion, while pre-tax profits fell 33% to $13.3 […]. HSBC, a global bank with $2.7 trillion in assets, is blazing a new path for its U.S. business as it cuts $4.5 billion in costs and reallocates capital away from underperforming units.

Strategy 243

Strategy US Taxes Capital 243

PYMNTS

OCTOBER 14, 2019

The Internal Revenue Service (IRS) now has a question on crypto ownership on its 1040 income tax form. Cointelegraph reported that the question states, “At any time during 2019, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?”.

Taxes 109

Taxes blockchain Bitcoin social media 109

PYMNTS

SEPTEMBER 9, 2020

The apparel retailer reported that Aerie digital demand jumped 113 percent and AE rose 21 percent, according to an announcement. “In American Eagle Outfitters concluded Q2 with $899 million in cash and short-term investments, marking a rise from $317 million in 2019, after generating $173 million in operating cash flow in Q2.

Taxes 131

Taxes Retail Branding Report 131

PYMNTS

SEPTEMBER 5, 2019

Luxury retail is being revised — and in some cases, reinvented — and those trends are worth attention as the 2019 holiday shopping season approaches. Not only that, but the luxury online consignment retailer opened a brick-and-mortar store on New York City’s famed Madison Avenue. Indeed, in its recent U.S. Barneys Woes.

Retail 123

Retail New York New York City Philadelphia 123

PYMNTS

JANUARY 11, 2021

anticipates that eCommerce demand for the fiscal 2020 fourth quarter will jump 90 percent to 100 percent in contrast to the fiscal 2019 fourth quarter, according to a Monday (Jan. million in the fiscal 2019 fourth quarter. million in the fiscal 2019 fourth quarter. Build-A-Bear Workshop, Inc. 11) announcement.

Conference 159

Conference Taxes Retail Operations 159

PYMNTS

DECEMBER 17, 2020

Digital fraud is a long-running problem for merchants, retailers, banks and businesses of all types. Account takeovers and shipping fraud increased by 347 percent and 391 percent, respectively, between 2018 and 2019, and the pandemic has only exacerbated these issues. Developments From The World Of Digital Fraud.

Fraud 255

Fraud Online Retail Examples 255

PYMNTS

FEBRUARY 20, 2019

The legal cannabis industry is large as of the start of 2019 – and, according to most experts, it’s on track to get even larger. Somewhat less apparent, however, are the complexities that the “legalish” status of cannabis consumption creates for retailers that one might not immediately associate with legalized marijuana.

Retail 136

Retail District of Columbia San Francisco Denver 136

PYMNTS

MAY 31, 2019

Credit unions (CUs) are combining resources to offer better products and services their members crave, while car manufacturers are increasingly working with retailers to unlock new connected car buying experiences. as of April 2019. 64 million: Number of connected cars expected to be on the road by the end of 2019.

blockchain 115

blockchain Taxes Resources Retail 115

PYMNTS

JANUARY 2, 2020

5,000 a day, and the new rule was brought forward through the Income Tax Rules of 2019, with the idea of boosting more digital transactions as well as supporting NPCI, which is a not for profit organization. RuPay is a payment network offered by National Payments Corp. The fine for non-compliance is going to be ?5,000

Cards 130

Cards blockchain Cyber Security Retail 130

PYMNTS

DECEMBER 22, 2020

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. The government plans to spend 4.75 suggests businesses could be following suit.

Cards 188

Cards Payments Taxes Study 188

PYMNTS

APRIL 5, 2018

retailers (or any foreign players) to establish a strong presence in the Chinese market. For China, the tax hikes target everything from soybeans to aircrafts. retail brand flavor with design elements such as reclaimed wood walls, vintage furniture and inlaid gold accents against the company’s signature green coloring.

Retail 115

Retail US Regional Branding 115

PYMNTS

JANUARY 18, 2021

At the same time, sales tax receipts in the downtown’s retail, hotel and business districts fell more than 70 percent in the second quarter last year compared with the same period in 2019, Bloomberg reported. Unlike many communities, San Francisco has not seen an increase in online sales tax.

San Francisco 141

San Francisco Taxes New York California 141

PYMNTS

SEPTEMBER 30, 2019

The filing will allow the retailer to continue operating while it attempts to reorganize the business and return to profitability. is expected to reach $64 billion by 2028, according to the retail analytics firm GlobalData , CNBC reported. Fast-fashion chain Forever 21 has filed for Chapter 11 bankruptcy protection.

Retail 148

Retail Taxes Analytics America 148

Abrigo

SEPTEMBER 12, 2019

The Federal Trade Commission’s latest round of warning letters to companies selling products containing cannabidiol (CBD) is a reminder to financial institutions to tread carefully as they look into the possibility of providing banking services to cannabis-related retailers and other cannabis-related businesses (CRBs).

Retail 150

Retail Policies Regulation Compliance 150

PYMNTS

JULY 23, 2018

Coverage includes a new acquisition by online payment firm PayU, European finance ministers pushing for more progress on taxing digital firms and SoftBank planning to launch a new mobile payment service in Japan. European Finance Ministers Seek Progress on Taxing Digital Companies. SoftBank to Launch Digital Pay Service in Japan.

social media 100

social media Taxes Payments Mobile 100

PYMNTS

FEBRUARY 13, 2019

In addition, taxes generated by the industry grew by nearly 8 percent last year. And the state’s marijuana taxes, including licenses and fees from dispensaries, were more than $266.5 And the state’s marijuana taxes, including licenses and fees from dispensaries, were more than $266.5 billion the previous year.

Industry 155

Industry Colorado Taxes California 155

PYMNTS

JANUARY 16, 2020

billion merger deal with Switzerland’s tourism shopping tax refund company Global Blue , earning it a listing on the New York Stock Exchange (NYSE), the companies announced Thursday (Jan. Global Blue runs airport kiosks and storefronts that enable shoppers to get sales tax refunds when they return home.

Taxes 130

Taxes New York Virginia Leadership 130

PYMNTS

APRIL 28, 2020

billion in sales from 2019. The Fed has been looking for help from investment, retail and reserve banks. Retail and hospitality lobbyists have expressed concerns that debt requirements are too constricting. The program in question will create up to $600 billion in loans for companies with 10,000 employees or less, or up to $2.5

Maine 184

Maine Lending Taxes Industry 184

CFPB Monitor

MARCH 14, 2019

The CFPB’s Winter 2019 Supervisory Highlights discusses the Bureau’s examination findings in the areas of automobile loan servicing, deposits, mortgage loan servicing, and remittances. However, the servicer charged late fees based on a percentage of the full periodic payment of principal, interest, taxes, and insurance. Remittances.

Taxes 68

Taxes Leadership Policies Exercises 68