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Navigating The ‘Hot Mess’ Of Online Food Delivery Sales Tax

PYMNTS

In commerce, when it comes to taxes, new business models beget new (tax) problems. Against that backdrop, tax collection in the nascent restaurant delivery space remains fragmented at best — and confusing at worst. But in many cases, these firms may not be collecting sales taxes at all. billion received in 2017.

Taxes 131
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Casino Reopenings Draw In Gamblers Despite Online Gaming Surges

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The mayor, who is also a table games manager at a local casino and hotel, said per the report that he has come across people traveling from states that are close by as well as those that have come from Florida, Texas, New Mexico and New York. million from online gaming since the summer of last year. million in March of last year.

Online 130
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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109
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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

Florida, which recently legalized medical marijuana, saw its issuing of state ID cards slowed dramatically because Bank of America rather adamantly refused to touch online payments for medical marijuana cards. A very wide path. The exchange we are working on building will be up and launched by Jan.

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Here’s How The Opioid Crisis Is Losing Retailers $9B A Year

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Smith used drugs for the past decade before starting her recovery journey at Gateway Community Services in Jacksonville, Florida. “As In addition, the crime cuts into state sales tax revenue: Tennessee loses more than $14 million a year to return fraud. As an addict, I just feel like I go to any length.”.

Retail 105
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JPMorgan Hack Indictment Unearths Bitcoin Bribery Link

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Prosecutors in the case also linked a Florida man, Anthony Murgio, to the three suspects. They then reportedly used a bitcoin exchange to cover up the violations that the compromised credit union was flying under the radar of from regulators. Clearly, that plan didn’t really stack up. Bitcoin As An ID Theft Solution? .

Bitcoin 100
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Deep Dive: Wayfair’s Complex, Ongoing And Unexpected Effects On Retailers

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Wayfair’s case enabled cities and states to pass economic nexus laws that require out-of-state sellers to collect and remit taxes on local residents’ sales, and it permitted these jurisdictions to implement marketplace facilitator laws necessitating that eCommerce platforms collect and remit taxes on third-party merchants’ sales. .