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Amazon (And Others) Brace For India’s New eCommerce Tax

PYMNTS

The jousting over eCommerce taxes — especially for U.S. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government.

Taxes 175
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The Difference Between Long-Term vs. Short-Term Capital Gains

MyBankTracker

New investors may not be familiar with the terms long-term capital gains and short-term capital gains. The best part is, understanding these terms could save you money on your taxes. Here’s what you need to know about short-term and long-term capital gains in general. What Are Capital Gains? Capital Asset.

Capital 52
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The Gap Sets Out Digital-First Strategy

PYMNTS

According to several sources, the company’s four brands — Gap, Old Navy , Banana Republic and Athleta — have different strategies to achieve the new business focus. The three-year formula will focus on product assortment, customer loyalty and brand awareness, online sales and omnichannel capabilities and a revised store profile.

Strategy 150
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Walgreens Fights Promotion Abuse With Digital Tracking

PYMNTS

Twenty-two percent of Americans have reported being targeted by pandemic-related fraud, for example, such as schemes involving fake personal protective equipment (PPE) merchants or fraudsters impersonating tax officials. Walgreens On Stopping Promotion Abuse Fraud Through Online Deals.

Fraud 255
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Neon Lands $300M In VC Funding For Brazilian Expansion

PYMNTS

Brazilian digital bank Neon is gearing up for another big wave of expansion after landing hundreds of millions of dollars in venture capital funding. The MEI Fácil platform provides tax and payments products. Founded in 2016, Neon Pagamentos on Wednesday (Sept. Neon says its user base now tops 9.4

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Flow Lands $16M In VC Funding, Wants VC Insight

PYMNTS

Flow, a startup that helps companies sell their products around the globe, has raised fresh funding from Forerunner Ventures and Fung Capital. According to a report in TechCrunch profiling the startup, Flow created a platform that helps brands and retailers sell their products in multiple regions and geographies.

Regional 100
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Virtual Mall Platform Finds Traction

PYMNTS

The platform to bring malls online — or create a virtual mall — is being led by an Alibaba-owned company called Lazada. It connects shoppers to more than 18,000 leading international and local brands. For brands and sellers,” the company says, “LazMall offers an opportunity to create a customized experience for their customers.”.

Groups 153