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Big Tech Compliance Tracker: Facebook Hints At EU Pullout Over Data Transfers Laws; Appeal Filed Over Apple’s $15B Tax Bill On Ireland Operations; In-App Billing Battle Rages On

PYMNTS

Canadian Lawmakers Want Big Tech to Pay for Content, Taxes . EU Renews Demand for Back Taxes on Apple’s Ireland Ops. billion back-tax bill in Ireland. Margrethe Vestager, executive vice president of the European Commission for a Europe Fit for the Digital Age , last week appealed that ruling and wants the tax bill paid.

Taxes 162
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On Demand Pay Finds A Home In Financial Services

PYMNTS

The tax situation can also improve for individuals and their employers alike as workers move to leafier, suburban locales. For example, in New York state, the top marginal income tax rate is nearly 9 percent, plus another 3 percent in New York City. Yet, in neighboring Connecticut, the top income tax rate is 7 percent.

Taxes 170
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Buying into AML risks in real estate

Abrigo

In 2016 when the Panama Papers exposed an international network of offshore entities involved in tax evasion, fraud, and sanction evasion, some of which included real estate holdings, regulations began to change. The institutions are the ones shouldering the costs of compliance, examinations, and fines.

El Paso 195
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The future of accounting: Key trends to know

Abrigo

If you think back to the start of your accounting career – whether it was 40 years ago or four – much has changed in the intervening years: technology, of course, tax laws, professional standards, even workplace traditions. Son : Mind. Some of these changes occurred slowly, while others seem to have happened overnight.

Trends 150
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4 Traits of quality industry data for valuing a business

Abrigo

Some automated valuation solutions incorporate data updated annually or based on prior years’ tax returns, but other automated valuation solutions have real-time updates. Appraising a house in Chicago based on sales of comparably sized houses in Tulsa, Okla., Ask data providers how current the data is and how often it is updated.

Industry 150
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4 Traits of quality industry data for valuing a business

Abrigo

Some automated valuation solutions incorporate data updated annually or based on prior years’ tax returns, but other automated valuation solutions have real-time updates. Appraising a house in Chicago based on sales of comparably sized houses in Tulsa, Okla., Ask data providers how current the data is and how often it is updated.

Industry 150
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Big Tech Compliance Tracker: Facebook Faces $6.06 Million Fine From South Korea; Big Tech Tax Becomes Due In France

PYMNTS

The French Finance Ministry has told Big Tech firms that the Digital Service Tax is now due, PYMNTS reported, citing Reuters. Companies subject to the tax have received notice to pay the 2020 installment,” an official from the Finance Ministry said. Chicago Alderman Proposes Tax on Deliveries. for bulkier parcels.

Taxes 130