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Indonesia Levies 10 Pct Tax On Sales From Tech Firms

PYMNTS

The Southeast Asian country’s national tax office announced it will impose a 10 percent value-added tax (VAT) on foreign global technology companies as the nation looks for ways to defray the costs of battling the economic effects of the COVID-19 pandemic, Reuters reported. The country’s total budget for 2020 is $177.6

Taxes 141
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Microsoft, KIND Financial Inhale Marijuana Partnership

PYMNTS

Ultimately, that goal was to to provide states, counties and municipalities with solutions for track-and-trace (‘seed to sale’ in the cannabis industry) technology. What that means and includes is overseeing and ensuring that legally grown pot doesn’t abscond to the black market and those that need to pay taxes on it do.

Software 100
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Avalara, Signifyd Bring Sales Tax, Fraud Solutions to Magento E-commerce Marketplace

Fintech Labs Insights

FinDEVr alum and long-time Magento partner, Avalara announced that its sales-tax calculation solution, Compliance Cloud, will be a part of Magento 2.0 In addition, customers will get access to Avalara’s tax prep, filing and remittance services. e-commerce platform.

Taxes 12
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Microsoft Marketing Vet Jeremy Korst Joins Avalara as New CMO

Fintech Labs Insights

Starting in 2017 former Microsoft executive Jeremy Korst will be the man driving the message at tax compliance innovator and FinDEVr alum , Avalara. The Seattle-based company announced this week that Korst will join Avalara as its new chief marketing officer and executive vice president.

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Avalara Raises $96 Million in New Funding

Fintech Labs Insights

Avalara , an innovator in automated tax management for small businesses, raised $96 million in new funding from a group of investors including Warburg Pincus, Sageview Capital, and Technology Crossover Ventures this week. Last month, Avalara added a number of new enhancements to its compliance document management solution, CertCapture.

Taxes 12
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security. ‘PayFac’ technology simplifies underwriting and onboarding. ‘PayFac’ technology simplifies underwriting and onboarding merchants. TABLE OF CONTENTS. Focus on developers.

Online 98
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GonzoBanker Awards 2017

Gonzobanker

Bravo to CEO Brian Vance, President Jeff Deuel and team for a watershed expansion into the hot Seattle market with a bank whose commercial skills can complement those of its acquirer. For core legacy vendors, there is a three-to-four year window to put some new technology sparkle in your solutions or risk being tagged for replacement.