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California Expects IPO Tax Windfall

PYMNTS

California is gearing up to get a tax windfall from all the initial public offerings of California companies slated for this year. According to a report in The Wall Street Journal , close to 10 percent of the tax revenue for the state in the coming fiscal year will come from capital gains. billion in tax revenue.

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US Banks Expected To Lose 200K Jobs To Technology

PYMNTS

In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. Mayo said, according to the outlet, “It’s been a rocky 25-year marriage for banking and technology, but it’s finally getting on course.”.

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Why Timing Is Everything On Tax Day

PYMNTS

Tax Day for Americans is here, or at least it will be on Tuesday, April 17. This year is a bit of an unusual year as far as taxes are concerned, since April 15 actually falls on a Sunday. Back then, taxes weren’t due on April 15. Tax season used to be a month and a half shorter.

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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.

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How Federal Debt May Impact Banking

South State Correspondent

However, because bank capital has an average expected life of 15 to 20 years, bank managers must gauge and react to secular changes that will impact their business model. As risk management becomes more prominent, technology and data mining become an indispensable tool. With time, these changes will only amplify.

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Tax Apps Drop While Credit Karma Retains Title

Bank Innovation

Maybe tax season has mobile users worrying about their credit history, or contemplating borrowing some cash? Tax worries seem to already be a thing of the past. Last week Credit Karma passed Chase Mobile to slip into first place on both Android and iOS platforms.

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Bitcoin And The Bitter Tax Bite

PYMNTS

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride. For someone in the U.S.,

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