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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 141
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Getting the Most Value from Your ALM Process

ABA Community Banking

Asset-liability management is often treated as a compliance exercise, not a decision engine. How can ALM help improve banks’ performance? . The post Getting the Most Value from Your ALM Process appeared first on ABA Banking Journal.

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Food for Thought: A Policy on Credit Exceptions

Abrigo

and property tax payments. There probably should be no more than 3-5 exception types in each of those major categories. For example, documentation would encompass perfection, administrative (insurance, UCC-11s, etc.), The following is an example of how I would address the structural exception of non-recourse lending.

Policies 195
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The Beauty Of Being Brandless

PYMNTS

It was an insight that pushed Brandless CEO and Co-founder Tina Sharkey to rethink an online commerce offering in a very fundamental way, by eliminating what she calls the “ brand tax.” And that curation is becoming more about building a community – or dare we say an ecosystem – around the Brandless collection of goods.

Branding 103
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ClassPass CEO: The Feds Need To Flex Their Muscles To Help The Fitness Industry

PYMNTS

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. But, he noted, working out is a communal activity for many people; it’s part of what inspires and motivates them, it is a necessary part of the experience.

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