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Macy’s Recognizes $3.1B Charge As Pandemic Reshapes Outlook

PYMNTS

billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. Gennette also said the company does not expect another complete closure, but is “staying flexible” and is “prepared to address increases in cases on a regional level.”.

Taxes 232
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Profits in a time of inflation: what do company accounts say in the UK and euro area?

BankUnderground

Some have said that companies have increased their profits over that period: so-called ‘greedflation’. We use published company accounts for thousands of large listed companies to look for signs of increased profits in the data. Companies in the euro area are in a similar position. Why look at large companies?

Company 102
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ZenLedger, a crypto tax prep software company, raises $15M in round backed by AngelList. ZenLedger competitors are Accointing, BearTax, CoinLedger, CoinTracker, CoinTracking, CryptoTaxCalculator, Koinly, Sovos Compliance, and TaxBit.

CB Insights

ZenLedger , a provider of crypto tax prep software, has raised $15M in a Series B. The round drew participation from ParaFi Capital, AngelList, King River Capital, and Blizzard Fund, among others. <span The post ZenLedger, a crypto tax prep software company, raises $15M in round backed by AngelList.

Taxes 55
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Climate and capital: some outstanding issues

BankUnderground

There is a lively debate about whether and how capital regulations for banks and insurers should be adjusted in response to climate change. Incorporating climate-related risks into the capital regime will require a reliable methodology to measure these risks. Marco Bardoscia, Benjamin Guin and Misa Tanaka.

Capital 97
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UK Election Puts Big Tech Digital Tax On Hold

PYMNTS

have resulted in a delay for legislation that is now in draft form, which would include a provision to tax larger tech firms that derive sales from the region. The bill has proposed a 2 percent tax on revenues for firms as diverse as Facebook and Amazon. Looking At First-Time Payments. Separately, but also in the U.K.,

Taxes 101
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Relationship Pricing is Key to Performance

South State Correspondent

Research by various consultants shows that 80% of companies across industries rate themselves as providing superior service, but only 8% of these companies genuinely deliver such service. Banks can then calculate SVA, which requires banks to subtract their cost of capital from net operating profit after tax for each client.

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Tech Center: EU’s Capital City Grows Tech Reputation

PYMNTS

Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. The region is also home to an active and fast-growing startup scene. The city was ranked as a strong innovator by the latest edition of the Regional Innovation Scoreboard (RIS 2016).

Capital 100