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In Asia, Focus On Big Tech Regs And Taxes

PYMNTS

Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. Together, we are 80 percent of the region,” Indonesian Communications Minister Rudiantara told the newswire. The tax would be in force even when the companies are located offshore. Libra, Too.

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New Digital Taxes Loom On Tech Firms In Europe

PYMNTS

Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports , be levied on revenues tied to Czech users across advertising, digital marketplaces and data sales. In Japan, Crypto Scrutiny.

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Mastercard Tops 20174Q Views on Robust Cross-Border Transactions

PYMNTS

tax laws had on other firms recently reporting results, Mastercard put up numbers Thursday (Feb. Excluding the aforementioned tax impact, earnings per share came in at $1.14, two pennies better than Wall Street expectations. As for its own tax savings, the company will use at least part of the money to boost financial inclusion.

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Union Budget 2022: Highlights

BankBazaar

No change in personal tax slabs . This will be helpful especially for farmers and senior citizens in rural areas, enabling inter-operability and financial inclusion. . Tax breather for cooperative societies: Alternate Minimum Tax to be cut to 15%. The government will tax income from digital asset transfers at 30%. .

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Retail Crisis In U.S., U.K. A Fizzle For 2020?

PYMNTS

More than 9,300 stores went dark, and among them were locations operated by marquee names, such as Sears , Party City and Payless. Jens Weidmann, European Central Bank policymaker, has advocated that banks within the region find alternatives to Facebook’s cryptocurrency. consumers spent $462 billion.

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Startup Roundup: The Storm Before The Calm

PYMNTS

Parker said the startup is working to get the payments industry comfortable with the idea of operating in the cloud. While some countries are struggling more than others, Emailage found that every region is facing new challenges in the wake of EMV going online. Here’s what’s been going on in the world of startups in the month of March.

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Governments Fuel Blockchain’s Global Proliferation

PYMNTS

A regional government in Russia is now working with state-backed VEB, reports in CoinDesk said this week, as authorities explore how to use blockchain “to improve the quality of management decisions.”. In Spain, regulators are reportedly exploring how to support blockchain developers.