PYMNTS

AUGUST 26, 2019

Will Big Tech face bigger tax bills on an international stage? Beyond the debates on data privacy and compliance, marquee names in technology face greater scrutiny from various governments, and perhaps bigger tax bills, too. As reported, the tax imposed could be as much as 20 percent on social media and search ads.

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Taxes social media Google Course 118

PYMNTS

OCTOBER 12, 2020

German Finance Minister: More Than 130 Nations Agree to Corporate Tax Framework. The primary aim of any deal would be to make sure that Big Tech firms like Facebook , Google and Amazon were forced to pay their fair share when it comes to tax, according to Scholz. Facebook Could Face Penalties If It Contravenes Turkish Social Media Law.

Taxes 142

Taxes Google social media Regulation 142

PYMNTS

JULY 13, 2020

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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PYMNTS

AUGUST 26, 2019

Thailand hopes to annually collect 3 billion to 4 billion baht ($98 million to $131 million) by introducing a tax on tech businesses, Reuters reported on Monday (Aug. If approved by Parliament, Thailand will institute a value-added-tax starting next year on electronic businesses, leveraging the eCommerce boom in the country.

Taxes 139

Taxes social media Cards Mobile 139

PYMNTS

FEBRUARY 1, 2021

In today’s top payments news around the world, Grab said it has closed on a loan facility, while Getir announced on social media that it has come to London. Plus, European Union legislators have told four tech companies that they are willing to delay a potential hearing past its initially scheduled date. London, we’ve arrived!

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social media Taxes Payments Apple 236

PYMNTS

NOVEMBER 2, 2020

UN Committee Indicates Support For Initiative To Tax Big Tech In Developing Nations. The United Nation’s Tax Committee of Experts has indicated support for an initiative to assist developing nations in taxing Big Tech, Bloomberg Tax reported on Wednesday (Oct. streaming company to pay taxes, Techwire Asia reported.

Taxes 212

Taxes National Regulation Google 212

PYMNTS

SEPTEMBER 8, 2020

Tumusov wrote in a social media post that “lowering the commission and having the ability to bring products to users is a growth opportunity for IT developers.”. Big Tech Updates Fees to Reflect UK Digital Services Tax. Apple announced upcoming tax changes for apps and in-app purchases to include tax law changes in the U.K.

Taxes 131

Taxes Google Apple social media 131

PYMNTS

SEPTEMBER 28, 2020

With the fate of TikTok grabbing all the press, you may have missed the news that Facebook is talking about denying itself and its sister social platform Instagram to the European Union (EU) over new proposals that would stop the social media giant from transferring data on EU users back to Facebook headquarters in Silicon Valley.

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PYMNTS

JANUARY 11, 2021

US Trade Representative: India, Italy, Turkey Digital Taxes Discriminates Against US Firms. Trade Representative (USTR) recently released the results of Section 301 probes of digital services taxes (DSTs) that Turkey, Italy and India have adopted, finding that each tax “discriminates against U.S. Billion Of French Products.

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PYMNTS

FEBRUARY 12, 2019

Govindacharya have asked lawmakers in India to call leaders of Google and Facebook to the country to ask them about data privacy and their compliance on tax laws, according to a report from Reuters. When asked if he would call on the leaders of other giant online companies, Thakur said he was thinking about it. We’re calling everyone.

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Taxes Google social media Groups 108

PYMNTS

NOVEMBER 30, 2020

million of the 18 million users of the social media company in Korea was given to operators beyond Facebook without them knowing between May 2012 and June 2018. The French Finance Ministry has told Big Tech firms that the Digital Service Tax is now due, PYMNTS reported, citing Reuters. for bulkier parcels.

Taxes 130

Taxes Chicago Compliance Apple 130

PYMNTS

NOVEMBER 16, 2020

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. "As The tech company’s formidable performance comes as Chinese authorities seek to exercise more control over the nation’s top digital platforms.

Maryland 151

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South State Correspondent

MAY 1, 2024

Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. Leveraging social media, Gentle Monster started to get traction.

Innovation 195

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PYMNTS

DECEMBER 3, 2019

President Donald Trump and French President Emmanuel Macron, however, had initially come to a deal on France’s tax on tech companies, according to reports. The United States Trade Representative had published a report after an investigation into the French tax. companies.”. companies.”.

Taxes 131

Taxes US social media United States 131

PYMNTS

AUGUST 24, 2020

The social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction. The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct.

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social media Data Apple Compliance 152

PYMNTS

JANUARY 17, 2020

The company already has scale, having integrated with 15,000 financial institutions in Canada and the United States and recently made forays into Ireland and Spain. Separately, in a deal tied to a “blank check” company, Far Point said it had struck a $2.6 Pinterest: Pinned as the third largest social media platform in the U.S.,

Company 132

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PYMNTS

OCTOBER 14, 2019

Alfa-Bank and Novolipetsk Steel Company (NLMK), along with Commerzbank, Germany, and Vesuvius GmbH, Germany, have launched a pilot project of cross-border payments via Marco Polo. We expect Marco Polo to ensure seamless collaboration of several sides engaged in international trade operations (banks, suppliers, insurance companies, etc.)

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Taxes blockchain Bitcoin social media 109

PYMNTS

MARCH 19, 2019

Instagram has launched a checkout feature designed to help the social media platform become a more attractive place for consumers to buy retail products, and to capture more sales via what is coming to be known as contextual commerce. Social Media Purchases. In other words, consumers are shopping contextually.

social media 212

social media Retail Video Taxes 212

PYMNTS

MARCH 13, 2017

70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. Nearly a quarter of small businesses said they still use paper forms when filling out taxes. There are so many options available to small businesses today, the executive added. 37 percent of SMEs in the U.K.

Financial Technology 127

Financial Technology Technology social media Taxes 127

PYMNTS

DECEMBER 12, 2019

The social media company is now reportedly investing $130 million to the effort, Engadget reported. It will have the role of handling such tasks as ensuring tax compliance, administering payroll and reviewing the annual budget of the board. Brown Brothers Harriman Trust Company of Delaware, N.A

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social media Delaware Tools Policies 130

PYMNTS

DECEMBER 10, 2019

As reported by The Japan Times , the efforts would come through the government and social media companies. Taxes Too, of Course. This past week saw a continued debate, too, over digital taxes. companies when it comes to digital activities, the U.K. The panel was created by the internal affairs ministry.

Data 131

Data Taxes social media Google 131

PYMNTS

FEBRUARY 16, 2020

Facebook is something in between a newspaper and a telecommunications company, said CEO Mark Zuckerberg , and he wants it to be regulated accordingly, The Wall Street Journal reported. He has recently signaled that he would support Facebook paying higher taxes in Europe.

Guidelines 131

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PYMNTS

JULY 23, 2018

Coverage includes a new acquisition by online payment firm PayU, European finance ministers pushing for more progress on taxing digital firms and SoftBank planning to launch a new mobile payment service in Japan. PayU, the online payment company owned by Naspers, has announced the acquisition of ZOOZ, a payments technology platform.

social media 100

social media Taxes Payments Mobile 100

PYMNTS

NOVEMBER 5, 2018

There exists no shortage of issues that will be top of mind as Americans head to the polls, from healthcare to taxes to immigration. However, the notion of transparency is key in the age of social media — and transparency is lacking. And I think that lawmakers were surprised by the impact that social media can have.”.

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PYMNTS

JULY 26, 2019

The Internal Revenue Service (IRS) is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will face if they don’t report their income or pay taxes on the transactions, according to a report by The Wall Street Journal. at the World Bank.

Taxes 128

Taxes social media cryptocurrency Washington 128

PYMNTS

MAY 4, 2018

The social media giant had lots of things to announce this week at F8 : new features, like the “clear history” button; upgrades, like the video chat enhancements coming to Instagram and Snapchat and redesigns, like the great streamlining of Messenger. Fizzle of the Week: Timing. Even on Facebook.

Taxes 115

Taxes social media Data Millennials 115

PYMNTS

SEPTEMBER 3, 2020

The intuitive product offers a smooth checkout and easy for staff to use, the company said. The remote payments app allows merchants to charge customers by sending a payment link via SMS, Whatsapp, email or social media. The feature can be used to adjust any change in the tax rate charged on food and non-alcoholic beverages.

social media 298

social media Taxes Online Payments 298

PYMNTS

MARCH 19, 2020

EWCs represent the interests of employees of multinational companies, giving them the right to consult with management about any issues that could affect their employment. If enough employees ask for a council, the EU mandates that the company complies. That’s a roster that includes Google, Amazon and Facebook.

Google 174

Google social media Taxes Software 174

PYMNTS

JULY 21, 2020

Salesforce has announced a broad expansion of its Order Management offerings, including the ability for companies to let online shoppers complete purchases without leaving social media channels. Salesforce’s new packages also include features that the company says will ease international transactions.

social media 145

social media Taxes Management Online 145

PYMNTS

JULY 9, 2019

The social media company began to launch fan subscriptions last year and enabled creators to charge fans $4.99 The company is reportedly committed to letting creators retain 70 percent of subscription revenue less “applicable taxes and fees.” The change will take effect Jan. each month, according to reports.

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social media Video Comparison Google 120

PYMNTS

APRIL 22, 2020

GPay , a member company of the Vietnam investment firm G-Group , joins a tight FinTech market in Vietnam with 33 other firms licensed for intermediary payment services. GPay has a supportive ecosystem from G-Group with above 20 million users of financial platforms, game community, social network and technology companies.

Payments 154

Payments social media Groups Taxes 154

Abrigo

AUGUST 14, 2017

When business owners think of their accountant, some might immediately think of the money they pay for tax preparation, an audit or other compliance services – the type of service “a client doesn’t want but needs,” as accounting thought leader Allan Koltin has described “Level 1” or “Type 1” services.

social media 150

social media eBook Taxes Examples 150

PYMNTS

SEPTEMBER 3, 2019

The guidelines would address concerns over customer data and would impact companies such as Facebook, Apple and Amazon, among others. The concerns are centered on how companies obtain and use customer data through the means of what is being termed their “superior bargaining position.”. Taxes, Too.

Guidelines 116

Guidelines Regulation Taxes United States 116

PYMNTS

DECEMBER 19, 2019

A number of Chinese tech companies were ordered to clean up policies on the way their apps deal with user information or face penalties, according to an Associated Press report on Thursday (Dec. The tech companies cited included social media giant Tencent , Sina Corp., Sohu.com Ltd. and Xiaomi Corp.

social media 130

social media Regulation Exercises Policies 130

PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109

Retail Taxes Virginia South Dakota 109

PYMNTS

AUGUST 25, 2019

Vietnam ranks seventh in terms of the number of Facebook users, but the social media giant could face hurdles in the country after the Vietnamese government asked Facebook to authenticate its users and indicated that only authenticated users will be allowed to use its live-streaming service. Gapo has received 500 billion dong ($21.7

social media 125

social media Taxes Groups Report 125

PYMNTS

APRIL 14, 2019

The National Assembly of France has voted to allow local insurance companies to include cryptocurrencies in life insurance contracts. In fact, residents use the products for their investment and retirement savings for the tax benefits. The life insurance market in France makes up 40 percent of financial assets among local households.

Bitcoin 187

Bitcoin cryptocurrency social media New York 187