PYMNTS

OCTOBER 19, 2020

Regulation. EU regulators are reportedly creating a “hit list” of approximately 20 firms — Big Tech signature names among them — that will encounter stricter regulations over market competition and other operational activities. OECD’s Tax Reform To Be Presented To G20. EU Watchdogs Create ‘Big Tech Hit List’.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

DECEMBER 30, 2019

Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. have moved to collect sales tax from remote sellers, and it’s just the beginning. To date 43 states and Washington, D.C.

Taxes 130

Taxes Alaska South Dakota South Carolina 130

PYMNTS

MARCH 13, 2020

Tax season frustrations can blossom into real financial problems, especially when refunds are paper checks sent through postal mail. Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. Proper tax education is critical to any business’s future, Daher said.

Millennials 160

Millennials Taxes Innovation Operations 160

PYMNTS

SEPTEMBER 28, 2020

Regulations. SocialMediaToday reported that in early September, an EU “privacy regulator … sent Facebook a preliminary order to suspend data transfers to the U.S. 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.

Taxes 162

Taxes Compliance Illinois Las Vegas 162

PYMNTS

SEPTEMBER 30, 2019

Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. In one example, Indonesia is “already preparing legislation” that would require tech companies with online services to pay value-added tax on local sales, the report noted. Libra, Too.

Taxes 133

Taxes Regulation cryptocurrency Google 133

PYMNTS

NOVEMBER 25, 2019

Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports , be levied on revenues tied to Czech users across advertising, digital marketplaces and data sales.

Taxes 130

Taxes Google Data Regulation 130

PYMNTS

MARCH 6, 2019

The European Union has announced that it will not move forward with a digital tax plan covering the entire EU, but also said it would look at reforming tax laws for internet companies, according to a report from Reuters. The global tax reform is being prepared by the Organisation for Economic Co-operation and Development (OECD).

Taxes 123

Taxes Google United States Maine 123

PYMNTS

NOVEMBER 16, 2020

Regulation. Tencent Holdings President Martin Lau said further regulations are needed in China to mirror a “new reality.”. Lau’s comments came when the China-based company registered a September quarter that exceeded expectations due to spiking demand for digital games, Nikkei Asia reported. Larry Hogan vetoed the levy.

Maryland 151

Maryland Taxes Online Groups 151

PYMNTS

DECEMBER 23, 2019

Indonesia has announced it’s going to reduce the threshold for taxing imported eCommerce consumer goods from $75 to $3, to help control the purchases of cheap foreign goods and help protect smaller Indonesian firms, according to a report by Reuters. They’ll be taxed at a rate of 32.5 million last year and 6.1 percent to 37.5

Taxes 134

Taxes Conference Capital Cards 134

PYMNTS

SEPTEMBER 3, 2019

A tax dispute between Intel and the Internal Revenue Service could cost large technology companies billions of dollars, according to a report by The Wall Street Journal. Since then more than 20 companies have revealed how they think the case could affect them financially. . Facebook disclosed a $1.1 Facebook disclosed a $1.1

Taxes 116

Taxes San Francisco Regulation Company 116

PYMNTS

NOVEMBER 18, 2018

A “link tax” might mean the end of Google News in the EU. Richard Gingras, the search engine’s vice-president of news, said while “it’s not desirable to shut down services” the company isn’t happy with Brussels’ current proposal to charge a link tax for using news stories. There’s no advertising in Google News.

Taxes 144

Taxes Google Regional Mobile 144

PYMNTS

JANUARY 29, 2020

businesses are likely already feeling tax season’s pressures. Filing is exhausting and complicated for individuals, and businesses experience those tax difficulties to a far greater degree. SMBs need to remain compliant with increasingly complex financial regulations. SMBs And Manual Tax Frustrations.

Taxes 141

Taxes Fraud Tools System 141

PYMNTS

SEPTEMBER 8, 2020

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Regulation. The FAA’s role is to ensure that any [drone] operation is performed safely,” the FAA said in a statement to PYMNTS. and other countries.

Taxes 131

Taxes Google Apple social media 131

PYMNTS

OCTOBER 11, 2019

In the digital age, it’s become easier than ever for companies of all sizes to broaden their reach and sell to new markets. But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes.

Taxes 123

Taxes Course Company Training 123

PYMNTS

OCTOBER 14, 2019

Italy is preparing to tax digital companies to help fund its 2020 budget as it seeks different revenue streams to avoid a scheduled sales tax hike, sources told Reuters on Monday (Oct. International internet companies will reportedly have to pay a 3 percent levy on web-based sales.

Taxes 116

Taxes National Report Operations 116

PYMNTS

DECEMBER 17, 2018

17) that he wants France to start taxing big tech giants beginning Jan. The idea comes after years of negotiations at the European level, where France and other larger European countries have tried and so far failed to convince smaller countries that tech companies have been taking advantage of the region’s tax structure.

Taxes 122

Taxes Google Apple Meeting 122

PYMNTS

NOVEMBER 11, 2019

The state of Missouri is reportedly considering a ban on cash tax payments, a move that has raised concerns for local legal marijuana businesses that are struggling to obtain banking services and relying on cash to remain in operation. On a national level, the U.S.

Taxes 101

Taxes Missouri Payments National 101

PYMNTS

JANUARY 24, 2021

Cygnet Infotech promotes FACE as a product that handles not only conventional accounting processes, but also provides specialized handling of challenges around goods and services taxes. The new version supports accounting for multiple companies working in multiple currencies, among other aspects, the report stated.

Taxes 178

Taxes Compliance Software Fraud 178

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. were equally split between regulatory compliance (69 percent) and reputational risk (69 percent), though reputation was a larger motivation among larger companies.

cryptocurrency 116

cryptocurrency Regulation Compliance blockchain 116

South State Correspondent

JUNE 7, 2023

Bank ERC Background Bank ERCs is a refundable tax credit available to businesses, including financial institutions, affected by the global pandemic as granted under the CARES Act and modified by the Relief Act. Unable to hold in-person meetings—with customers, partners, regulators, industry representatives, and more.

Taxes 195

Taxes Meeting Operations ATM 195

Payments Source

OCTOBER 3, 2016

has agreed to buy most of the assets and liabilities for a company that handles transactions for tax preparers. Meta Financial in Sioux Falls, S.D.,

Taxes 67

Taxes Operations Company Compliance 67

PYMNTS

APRIL 12, 2016

China has some new taxes on goods imported through eCommerce sites, though it has also removed some duties that had previously been assessed. Food will now import at a higher duty price; previously the tax was 10 percent. Instead, it will wipe out those companies that were only seeking a policy loophole and operating in a gray zone.”.

Taxes 100

Taxes Policies Metro Retail 100

PYMNTS

JULY 20, 2018

Tilray , the first cannabis company to conduct an initial public offering on a U.S. at the close of trading on Thursday (July 19), the company had a market value of nearly $2 billion. Senate panel voted to block an amendment that would allow banks to open accounts for marijuana businesses without being punished by federal regulators.

Company 144

Company Capital Taxes Industry 144

PYMNTS

NOVEMBER 19, 2019

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. You need to watch every transaction.”. The Compliance Burden Proliferates.

Company 109

Company Compliance Payments Taxes 109

PYMNTS

FEBRUARY 13, 2019

The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. In addition, taxes generated by the industry grew by nearly 8 percent last year. Last year, regulated marijuana sales in Colorado were nearly $1.55 billion the previous year.

Industry 155

Industry Colorado Taxes California 155

PYMNTS

DECEMBER 12, 2017

According to news from Reuters , the government in France wanted tax authorities to investigate Airbnb’s payment system over suspicions that it was enabling the avoidance of taxes after it learned the company was allowing hosts to use a prepaid Payoneer card.

System 100

System Regulation Payments Taxes 100

PYMNTS

MARCH 1, 2016

Oh, and the company is also cutting its dividend – something no one on Wall Street likes to see. The Tuesday news takes place as the company brings a new leader, James E. Other exits in the works include walking away from the Zimbabwe and Egypt operations, reported The Times. Staley, on board.

Operations 100

Operations Strategy United States Regional 100

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. With the treasury market for S&P 500 companies valued at $2.3

cryptocurrency 323

cryptocurrency Regulation Trends Bitcoin 323

CFPB Monitor

JANUARY 9, 2020

The New York Department of Financial Services has sent a letter to the institutions that it regulates requiring each such institution, by February 7, 2020, to provide to DFS a description of its “plan to address its LIBOR cessation and transition risk.” (LIBOR is the acronym for the London Inter-Bank Offered Rate.).

Regulation 78

Regulation New York Taxes Management 78

PYMNTS

JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. At the same time, it was said that those who engage in digital asset dealing will have to follow rules for anti-money laundering (AML), among other regulations.

Bitcoin 108

Bitcoin Regulation New York Video 108

PYMNTS

MARCH 19, 2020

The coronavirus could lead to tens of millions of unemployed workers and could change how businesses operate. HMRC said, per the report, that “businesses of all shapes and sizes” had phoned into the new helpline of the authority to discuss referrals for taxes. The International Labour Organization (ILO) said as many as 24.7 ”

Taxes 130

Taxes National Retail Report 130

PYMNTS

SEPTEMBER 28, 2020

They also need to collect and verify vendors’ details to comply with anti-crime regulations, adhere to tax reporting requirements and deliver convenient digital payments to these suppliers. Corporate buyers that have gathered enough information on potential business partners then need to answer to regulators. Digital Fixes.

Data 166

Data Management Taxes Meeting 166

PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. TaxBit was founded by software developers, tax attorneys and CPAs to automate and simplify tax compliance for crypto users. ” TaxBit will use the funding to speed up customer growth, and make its products better.

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

PYMNTS

DECEMBER 2, 2019

These groups also face a common small- to medium-sized business (SMB) challenge — needing to track every transaction to prove fiscal responsibility to donors and regulators. million tax-exempt groups active in the U.S., according to the latest figures from the IRS, which monitors and regulates such organizations.

Management 141

Management Taxes Groups Regulation 141

PYMNTS

JANUARY 21, 2020

After a ruling by a location regulator that the firm wasn’t fairly engaged in competition, Uber Technologies Inc. is asking for the Colombian government to put emergency regulations into place to enable its ridesharing service to continue running. Colombia stayed behind.”.

Regulation 130

Regulation Taxes America Policies 130

PYMNTS

MARCH 17, 2020

The DEO “seeks concepts and an operator to program the space to boost innovation and entrepreneurship, demonstrate creative placemaking and feature the Made in Fairfax Network. The law opens up much more territory to these operations, which had only been permitted in areas zoned for industry. and San Francisco. Starting Jan.

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Retail Arlington San Francisco Milwaukee 135

PYMNTS

NOVEMBER 1, 2018

The problem with that, according to CEO Keith McCarty of cannabis logistics company WAYV (which recently raised Seed funding ), is that many of the existing tools and processes are broken. In California, where WAYV operates, and where the legal cannabis market is expected to reach a $5.1

Taxes 122

Taxes California Regulation Innovation 122