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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

PYMNTS

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. And, the U.S.

Taxes 170
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Market Awaits FOMC Decision and Powell’s Comments

South State Correspondent

Market Awaits FOMC Decision and Powell’s Comments. As we said on Monday, if recent history is any guide, expect Powell to sound more hawkish than the market expects. Instead of layoffs increasing, companies may acknowledge easing demand by first reducing open job positions then later turn to layoffs.

Marketing 195
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Online Coupon Company Honey Nets Founders $1.5B After Sale

PYMNTS

George Ruan and Ryan Hudson, the co-founders of online coupon service Honey, received a pre-tax haul of $1.5 billion after their company was sold to PayPal, according to a report Tuesday (Jan. The men are from Los Angeles and the company was sold for $4 billion. Amazon said the extension posed a “security issue.”.

Online 144
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Use Our ERC Assist Program to Raise Deposits

South State Correspondent

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. The ERC Assist Program SouthState has partnered with SmartBiz, a fintech company, and several known CPAs and ERC processors to assist banks in processing ERC payments for their small business customers. In 2020, the U.S.

Taxes 195
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EU Eyes Single European Data Market

PYMNTS

In Europe, the continued evolution of data policies and regulation now point toward a single market across the Continent. As reported mid week, the European Commission is planning a single European market for data , in hopes that by pooling talent, the region can compete with Big Tech in Silicon Valley and China.

Data 130
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Macy’s Recognizes $3.1B Charge As Pandemic Reshapes Outlook

PYMNTS

billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. Gennette also said the company does not expect another complete closure, but is “staying flexible” and is “prepared to address increases in cases on a regional level.”.

Taxes 232
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How Cannabis Companies Can Leapfrog Into Payments Digitization

PYMNTS

The compliance burden of a legal marijuana business having to manage regulations that vary by state, and between the state and federal level, has created a banking conundrum for a market forced to rely heavily on cash. But the compliance challenges associated with this market are not easily (or quickly) addressed.

Company 109