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Report: The Risky Business Of Navigating Online Sales Tax For Merchants

PYMNTS

Merchants working to expand and sell online in more markets must comply with each market’s local sales tax regulations, however, and that is an increasingly complicated task. Levy laws can vary widely between states, with one state taxing a product that another does not, for example. Around The Next-Gen Sales Tax World.

Taxes 133
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NRF On The Case For Revising eCommerce Sales Tax Laws

PYMNTS

Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. Online retailers aren’t sitting still when faced with new taxes — and some are even fighting back in court.

Taxes 101
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How Online Sales Tax Impacts Different eCommerce Models

PYMNTS

Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. States can now tax sales by companies that do not have a physical presence within the state. Will this increasingly regulated online sales tax environment affect this growth? Online Sales Tax and Marketplaces.

Taxes 129
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As The Online Tax Man Cometh, Will Smaller Retailers Embrace Marketplaces?

PYMNTS

As commerce has, increasingly, moved into the digital realm, and even the smallest merchants have gone omnichannel, tax policy has evolved as well — although perhaps it may be more apt to say tax policy has scrambled to keep up. Thus far, a bit more than a year after the ruling, tax policy remains fragmented.

Taxes 116
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Small banks: Big challenges and big opportunities

Abrigo

According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. At the same time, the technology can reduce to seconds the time it takes for routine tasks like adding information from tax returns and financial spreading. Check out our 1071 compliance resources.

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Visa’s Approach To Simplifying Cross-Border Payments

PYMNTS

Brazil requires tax IDs to accompany all payments made, for example, while many intra-European transactions are treated as quasi-domestic transfers with their own sets of rules. A transfer from Kansas to Africa could route through multiple different banks, each on its own network, before reaching the recipient’s account.

Payments 144
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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

HQ: Leawood, Kansas. Bitcoin compliance solutions. Tags: Consumer, 401(k), retirement savings, tax-advantaged, wealth management, Finovate alum. Source: Finovate. 401(k) management. Latest round: $4 million Series A. Total raised: $4.1 Source: Finovate. Real-time investment strategies. HQ: Boston, Massecheusetts. Scorechain.