article thumbnail

Italy approves 40% windfall tax on banks for 2023 as profits soar

TheGuardian

Proceeds from levy on interest rate income will be used to help mortgage holders and cut taxes Business live – latest updates Italy has approved a 40% windfall tax on banks and will use proceeds to help mortgage holders and cut taxes, the deputy prime minister said, in a move that sent banking shares plunging.

Taxes 75
article thumbnail

At Davos, Eyeing Sovereign Debt, Digital Taxes And Regulating AI

PYMNTS

Big Tech, too, of course, and digital taxes. And Digital Taxes. With a nod to digital taxes and trade disputes, the U.S. has suspended tariffs that would have been levied on French imports amid disagreements over digital taxes France imposed on Big Tech firms. have been considering or embracing digital taxes.

Taxes 131
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Taxes 134
article thumbnail

China Turns To Tax Policy To Bolster Entrepreneurs

PYMNTS

China introduced new tax initiatives aimed at bolstering the nation’s entrepreneurs, according to local news reports on Friday (May 4). Vice finance minister Cheng Lihua introduced seven new tax policies during a press conference Friday, with the goal of saving small businesses $9.45

Taxes 100
article thumbnail

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. A “material contributor” to growth in the first quarter included the new branded prepaid card for TurboTax customers, CEO Steve Streit said on the post-earnings conference call Wednesday. The company processed 8.75

Taxes 100
article thumbnail

Becoming a “Bahama Mama” Crypto-Style: A Closer Look at The Digital Asset Landscape in The Bahamas

Perficient

Ryan Salame, the co-CEO of FTX, said the campus could serve as a bellwether for similar crypto companies looking to take advantage of the island country’s favorable tax and regulatory frameworks. Crypto Conference. In April 2022, Nassau, the capital of the Bahamas, hosted the invitation-only Crypto Bahamas Conference.

article thumbnail

Surprises from the Consumer Financial Decision Making Conference (Behavioral Economics)

Celent Banking

A highlight of my year is the Boulder Summer Conference on Consumer Financial Decision Making put on by the Leeds Business School’s Center for Research on Consumer Financial Decision Making. Why consumers make illogical (or even harmful) financial decisions is the general theme of the conference.