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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109
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Far Point Merges With Global Blue In $2.6B Deal

PYMNTS

Virginia-based FinTech firm Far Point closed a $2.6 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. Research firm Data Circle indicated that duty-free and other travel-retail channels saw a 9.3

Taxes 130
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Facebook Tracker: East, West And Everything In Between

PYMNTS

Henrico County, Virginia. Last week, Virginia Governor Terry McAuliffe announced that Facebook would be building its next data center in Henrico County, just outside of Richmond, to the tune of $1 billion — $750 million for construction and $250 million for solar facilities to power the data center. San Francisco, California.

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2021 GonzoBanker Awards

Gonzobanker

This is an innovation-seeking franchise that has built a solid brand and never got over its skis in execution. Goes to Larry Mazza and the crew at MVB Bank in West Virginia. Man, this is the bread and butter of retail banking and credit unions. The most important aspect of this deal is Huntington. The Bank That Gets Fintech.

Fintech 147
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17 Of The Biggest Startup Frauds Of All Time

CB Insights

The Honest Company’s branding and promotional materials claimed that the firm’s goods were free of synthetic chemicals. Demonstrating sales is a necessity for retail startups, especially those operating in the intensely competitive food vertical. Hampton Creek busted buying its own merchandise. Total Funding: $240M.

Fraud 78
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Politics, Retail And The Law Of Unintended Consequences

PYMNTS

This weekend, apparel retailers will be trying to clear out their winter inventory, car dealerships will try to catch the wave of early income tax refunds, and anyone looking to upgrade their TV or washer/dryer will be in heaven over the next three days. Trying to carry politics out on the showroom floor can be tricky.

Retail 101