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In South Korea, Treating (And Taxing) Crypto Gains As Income

PYMNTS

To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of course). Under rules governing “other income,” a 20 percent rate is levied on 40 percent of total other income; the remaining 60 percent can be tax-deductible. Tax Policy Still Fluid.

Taxes 130
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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.,

Bitcoin 123
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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

PYMNTS

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . Gov’t Fights States’ Bid To Block Sprint, T-Mobile Merger Saying Move Would Slow 5G. A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws.

Taxes 101
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Small Business Lending Is Crucial in Fighting the Deposit Wars

Gonzobanker

The right talent and tools can equip bankers to take advantage of opportunities in the small business market. As bankers continue to fight the deposit wars, they must move past the polite talk and build a true go-to-market plan to capture the lucrative U.S. No two markets are created equal.

Lending 78
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IMF: Debt Levels At Historic High, Govts Should Look To Trim

PYMNTS

The IMF said that debt taken on by developed markets dwarfed that of emerging economies. is concerned, said Gaspar, “the United States is the only country where the public debt-to-GDP ratio is forecast to go up, from 108 percent of GDP in 2017 to 117 percent in 2023.” will decline through 2023. As far as the U.S.

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Dangerous Road Ahead On Auto Loans?

PYMNTS

While consumer confidence may be good, the stock market is at new highs and wages in general are up, there are some concerns bubbling up in this crucial sector of credit and lending. And in the United States, auto loans are growing as a class of consumer credit. Yet the market – as in the stock market – seems largely unfazed.

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Will The Coronavirus Unleash Corporate Debt Contagion?

PYMNTS

As the coronavirus roils markets, as indexes swing down — and up — by several percentage points daily, and as interest rates get ever smaller, we’re in uncharted territory. The Markets. First thing’s first: Markets look overvalued in his estimation, even against recent pullbacks. government is not going out of business.

Marketing 175