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Five At Five: France Aims To Tax Big Tech

PYMNTS

Today’s coverage includes the latest European push to tax such companies as Google, Apple, Facebook and Amazon. France’s Finance Minister Wants EU-Wide Digital Tax By Year End. The new tax would apply to Google, Apple, Facebook and Amazon so that they are paying what the government sees as a fairer tax rate in the region.

Taxes 108
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Local Governments Move In On Retail Vacancies

PYMNTS

It was supposed to be a thriving retail center in Milwaukee when it was built seven years ago. In fact, last week, it was announced that the building would be the new home of the Milwaukee School of Engineering’s K-12 STEM program. has hiked the normal commercial property tax rate on vacant property from between $1.65

Retail 135
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NYC Sees 40 Pct Hike In Bankruptcies As Office Workers, Tourists Stay Home

PYMNTS

Bankruptcy filings are surging in New York City with almost 6,000 closures, representing a 40 percent increase, according to Bloomberg , and it's forecasted to keep getting worse. The spikes were especially concentrated in the south Brooklyn and Queens neighborhoods with large Orthodox Jewish communities observing Yom Kippur.

New York 224
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COVID Retail Update: Mall Group Asks For Bailout

PYMNTS

For most retailers, this virus thing is starting to hurt. Retailers are now in full-on battle mode,” said Jefferies Analyst Randal Konik , who foresees a 90 percent to 100 percent drop in mall traffic. For retailers, this is now about near-term survival.”. “For For retailers, this is now about near-term survival.”.

Retail 161
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CRE risk management: Navigating hazards and opportunities

Abrigo

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. But that might not be the best move for your financial institution or your community. I'm not saying go out and make every retail loan that you can get your hands on,” he said.

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Fizzle Of The Week: The NYC Amazon HQ That Will Never Be

PYMNTS

Reports indicated that four Amazon executives met in Governor Cuomo’s office with “the presidents of the New York State AFL-CIO, a regional chapter of the Teamsters and his group, as well as some officials from the governor’s office.” Instead of working with the community, Amazon threw away that opportunity.”.

New York 115
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Austin Is Bringing The FinTech Heat

PYMNTS

tech hubs, like Silicon Valley and New York City, the city has been recognized as having a fast-growing tech sector with strong expansion. Austin’s startup community has seen a big transformation over the years. Not only was the city recognized as having the fastest growing tech scene in the U.S.

Austin 100