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Online Sales Tax’s ‘Pivotal,’ Post-Wayfair 2019 — And What Lies Ahead

PYMNTS

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Even the consequences of non-compliance can be fragmented. And we’re not done.”.

Online 132
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What Wayfair’s Lawyer Says About The Wayfair v. South Dakota Decision

PYMNTS

The latest spate of lawsuits has seen a small Louisiana parish going head to head with Walmart, and even an Alabama county fighting itself over how to properly disburse revenue from its online sales tax. Though tax compliance may be painful for businesses, those taxes are making positive impacts on residents’ lives.

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

PYMNTS

consumers are expected to be shopping online by 2021. The ruling meant that online retailers could be mandated to collect sales tax — and taxes can be levied by states on firms that do not have physical presence in those states. The costs of compliance — both in terms of administration and financial penalties — can mount.

Taxes 116
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When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase

PYMNTS

Louisiana exempts most food purchased outside restaurants, for example, while Missouri exempts clay pigeons and targets used in skeet shooting. NorthShore’s sales tax compliance costs wipe out approximately 1 percent of its sales revenue, Greenberg said. Managing compliance.

Taxes 146
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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. Online lending . Costco Card.

Lending 101
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Big Tech Compliance Tracker: Google Faces Questions Over Digital Ads; Australian Watchdog Says Facebook’s Proposed Ban On News Sharing Would Be Its Loss

PYMNTS

European Commission Vice President Vera Jourova said the new European Democracy Action Plan aims to fight online disinformation that could influence elections in EU countries. Von der Leyen also said the EU will earmark €150 billion (approximately $176 billion) from a COVID-19 support fund toward online investments.

Google 147
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Fintech Fundings: 12 Companies Raise $240 million Week Ending June 25

Fintech Labs Insights

Payments risk & compliance management. Payments gateway for online marketplaces. Louis, Missouri. Online investment manager. Tags: Payments, risk, compliance, SMB, merchants, cards, acquiring. Total raised: $15.2 Source: The Oregonian. HQ: Palo Alto, California. Latest round: $12 million. Total raised: $21.5