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2023 Fraud trends: What banks and credit unions can expect

Abrigo

Fraud trends for financial institutions to watch for in 2023 Financial institutions should not expect a slowdown of any of 2022’s fraud trends. Be on the lookout in 2023 for the following trends identified by the FBI. No fraud decrease likely for 2023. Current economic indicators do not bode well for fraud stabilization in 2023.

Fraud 195
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Navigating The ‘Hot Mess’ Of Online Food Delivery Sales Tax

PYMNTS

In commerce, when it comes to taxes, new business models beget new (tax) problems. Against that backdrop, tax collection in the nascent restaurant delivery space remains fragmented at best — and confusing at worst. But in many cases, these firms may not be collecting sales taxes at all. billion received in 2017.

Taxes 131
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Will eSports And Other Online Businesses Spike Digital Taxes?

PYMNTS

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment of tax issues. Taxing Confusion. billion in 2022.”.

Taxes 132
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How Used Cars And Sales Taxes Are Building The Digital Future

PYMNTS

Is there a better way to deal with online sales taxes ? 10B: Estimated online food delivery fees by 2023. consumers who most often access bank accounts online and via mobile. Will fraudsters run wild this holiday shopping season ? And how will challenger banks fare in 2020? Data: 62 percent: Portion of U.S.

Taxes 130
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Washington Capital Gains Tax Update

TrustBank

You may recall that in 2021 Washington state passed legislation to implement a 7% capital gains tax on certain asset sales, with the tax applying to profits that exceed $250,000. The assets subject to this tax are, in general, stocks, bonds, business interests, and tangible property, but not real estate.

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Dubai Creating $870M Free Trading Zone For eCommerce

PYMNTS

Having previously identified the region’s growing eCommerce market and given the traction witnessed by clients (going) online due to the pandemic, we are on track for the scheduled opening by the end of 2020.”. The first phase of the project is anticipated to open in November and be completed in 2023. . The proposed 2.1

Regional 266
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Cybersecurity Spring Cleaning Checklist 2023

Ublocal

With tax season in full flow, stay safe and spring clean your physical and digital data, strengthen your passwords and keep cybercriminals at bay. Check the strength of your passwords using online tools like bitwarden’s Password Strength Tester. The post Cybersecurity Spring Cleaning Checklist 2023 appeared first on Union Bank.