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Tax havens cost the European Community EUR 170 billion a year

The Paypers

EU Member States lose EUR 170 billion a year due to tax avoidance practices exercised by the wealthiest citizens and multinational corporations operating in the EU.

Taxes 31
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Is Small Business Lending Facing a ‘Moment of Reckoning?’

Gonzobanker

article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.” Institutions are “spreading” financial statements for electronically provided tax returns or financial statements.

Lending 136
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ClassPass CEO: The Feds Need To Flex Their Muscles To Help The Fitness Industry

PYMNTS

And unlike restaurant operators who find themselves in a similar position, there is just no way to box up an aerobics class and hand it off to a customer curbside. There is something ephemeral about being in the room where it happens with one’s workout community that can’t quite be recreated via video chat from one’s living room.

Industry 176
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The Beginning Of The End For Bitcoin?

PYMNTS

Sebastian Quinn-Watson of Blockchain Global, a bitcoin exchange operator, told Business Insider that the news out of China was an “absolute win” for the cryptocurrency community, because it will weed out illegitimate ICOs. Even they are exercising caution, however, capping bitcoin payments at $261 USD (at least for now).

Bitcoin 177
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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

Payments for goods between suppliers, wholesalers and retail distributors are in cash; payments to employees are in cash; tax payments are in cash; even paying the power company and water bill are contingent on cash. And so, when we talk to the community, we are seeing a lot of demand of a different solution that provides more function.”. “The

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Cybersecurity Spring Cleaning Checklist 2023

Ublocal

With tax season in full flow, stay safe and spring clean your physical and digital data, strengthen your passwords and keep cybercriminals at bay. Additionally, exercise caution when communicating through direct messaging as it’s difficult to verify the identity of the person on the other end.

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Aaron Stetter: Back to Capitol Hill

Independent Banker

The ICBA Capital Summit is the premier event for community bankers looking to advocate for their industry. Community bankers, pack your bags for Washington, D.C. Community bankers, pack your bags for Washington, D.C. While at the ICBA Capital Summit, community bankers will enjoy insights from expert speakers.

Community 180