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Indonesia Reduces Import Tax Threshold To Protect Smaller Firms

PYMNTS

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

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Tax Season Helps Green Dot to Beat Q1 Revenue Estimates

PYMNTS

Direct deposits, new products and tax refunds helped Green Dot beat revenue expectations for the first quarter of 2018. Green Dot on Wednesday (May 9) reported that total operating revenue increased 25 percent year over year in the first quarter, to $315 million. Green Dot’s tax refund business also showed gains. billion.

Taxes 100
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Bankers: Can You Create a Culture of Operating Discipline Even if You Have No or Few Shareholders?

Jeff For Banks

I posed this question while speaking at a recent conference. Even though they pay no federal corporate income taxes? For those that are not shareholder owned or are privately held, implement cultural operating discipline so you have the resources to be relevant, even important to the other stakeholders. YTD=June 30, 2022.

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After A Century, Barclays Steps Back From Africa Operations

PYMNTS

The decision to pare back operations in Africa — where the company will sell off much of its 62 percent ownership in publicly traded Barclays Africa — represents what The New York Times said was a step back from one of the key pillars of Barclays’ long-term strategy, right in lockstep with credit cards and investment banking.

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Egypt Eyes eInvoicing To Modernize Public Procurement

PYMNTS

Egypt is readying an electronic invoicing mandate for consumers to pay their taxes, an initiative that reports said will eventually expand to standardize invoicing in government procurement processes. Reports in Zawya on Monday (Dec. Reports in Zawya on Monday (Dec.

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Western Union Mulls Sale Of B2B Payments Unit

PYMNTS

Western Union is reportedly considering a sale of its business payments operation, unnamed sources told Bloomberg on Wednesday (Sept. “We certainly need to evaluate other potential opportunities for that business,” Agrawal said of the unit during a banking conference presentation. businesses in their overseas operations.

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Build-A-Bear Projects 90-100 Pct Jump In eCommerce Demand

PYMNTS

Moreover, the company noted that retail stores were affected by fewer operating hours in addition to restrictions on store capacity due to government orders. “We John noted that the company’s workforce has evolved with the ongoing changes in its operating environment, “while leveraging the power and consumer affinity for our brand.”.