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To ease fuel-price pain, subsidies, rebates gain momentum

Payments Dive

Chicago and California propose giving prepaid gas cards to eligible residents and assistance to public transit users. State and federal efforts to suspend gas taxes face criticism for potential economic and environmental impacts.

Chicago 195
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Trillion-dollar industry powering Chicago at risk of leaving

American Banker

The commitment of derivatives firms headquartered in Chicago is being tested by some $800 million in taxes proposed by the new mayor.

Chicago 36
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The Strange Spending Trends Around Sales Tax Holidays

PYMNTS

billion , it is still a more valuable run of commerce activity than Mother’s Day, Father’s Day, Easter and Valentine’s Day combined — which is why state tax holidays placed at the end of July and beginning of August have become so very popular over the last two decades. How Tax Holidays Work. Do Tax Holidays Work? .

Taxes 101
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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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Uber Adds Pre-Tax Commuter Benefits Option

PYMNTS

This week’s announcement is an expansion of the program, which is now available in New York City, Boston, Chicago, Washington, D.C., Riders need to first decide how much pre-tax income they’d like to contribute to the account, with the maximum being $255 for the 2017 year.

Taxes 100
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Report: Taxpayers Face $400B Hit On Bad Student Loans

PYMNTS

Private lenders lost $535 billion on low-quality mortgages during the 2008 Global Financial Crisis, Mark Zandi of Moody’s Analysics told the WSJ, according to Saturday’s article.

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COVID-19 Scams Target The Business Community

PYMNTS

This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 According to the publication, the individual is accused of issuing fraudulent invoices from legitimate suppliers in order to secure tax repayments for the company.

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