TheGuardian

OCTOBER 27, 2021

Treasury confirms that 35 bank groups and building societies will avoid sector-specific surcharges entirely TSB, Co-operative Bank and Leeds Building Society are among the lenders expected to escape a levy imposed on the sector, following the chancellor’s announcement of a £4bn City tax cut in his budget speech on Wednesday.

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Taxes Groups Operations 83

PYMNTS

AUGUST 9, 2019

FairFX, a subsidiary of international payments firm Equals Group, has acquired Hermex International Limited (HermexFX) for £2 million ($2.4 million), Equals Group said in a press release on Friday (Aug. This acquisition further demonstrates the ambition of the Group to be a dominant force in the payments market.

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Groups Payments Strategy Taxes 115

PYMNTS

SEPTEMBER 3, 2019

Europe’s The Restaurant Group (TRG), which operates over 650 restaurants and pubs across the country, is closing 150 eateries, Financial Times reported on Tuesday (Sept. million pre-tax loss for the first half of this year. Business increases were driven by the company’s pub holdings, airport concessions and Wagamama.

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Groups Taxes Branding Study 109

PYMNTS

JULY 19, 2018

billion , it is still a more valuable run of commerce activity than Mother’s Day, Father’s Day, Easter and Valentine’s Day combined — which is why state tax holidays placed at the end of July and beginning of August have become so very popular over the last two decades. How Tax Holidays Work.

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Taxes Trends Massachusetts Louisiana 101

Bobsguide

JUNE 13, 2022

– Group EBT up by 91 percent compared to first quarter of 2021, revenue up by 40 percent. – Group revenue guidance for 2022 upgraded from EUR 680 million to around EUR 720 million and EBT guidance from EUR 54.5 Pre-tax earnings for the full year are likely to reach around EUR 58 million at Group level (previously: EUR 54.5

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Groups Taxes Regional America 60

Abrigo

JANUARY 13, 2016

Sageworks recently announced its lineup for regional User Groups in 2016 , including events in Atlanta, Philadelphia, Los Angeles and Dallas. Here are 4 key lessons to be covered during the Sageworks Credit Analysis User Groups. Here are 4 key lessons to be covered during the Sageworks Credit Analysis User Groups.

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Analysis Groups Los Angeles Philadelphia 150

South State Correspondent

JUNE 7, 2023

Bank ERC Background Bank ERCs is a refundable tax credit available to businesses, including financial institutions, affected by the global pandemic as granted under the CARES Act and modified by the Relief Act. For employers with 500 or fewer employees, all wages paid to employees can be qualified.

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Taxes Meeting Operations ATM 195

South State Correspondent

MARCH 21, 2023

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects. In 2020, the U.S.

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Taxes Community Bank Community Operations 195

PYMNTS

APRIL 6, 2018

In other news, embattled cryptocurrency exchange Coincheck is expected to accept a takeover offer from Monex Group , CoinDesk reported. If the deal were to go through, Monex’s chief operating officer, Toshihiko Katsuya, would become the company’s new president. dollar before the April 15 tax filing deadline.

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Taxes Bitcoin cryptocurrency US 102

PYMNTS

APRIL 4, 2018

Home share service Airbnb , for starters, recently introduced a new tool that enables travelers to more easily split a group bill. How Smarter Payments are Enabling Instant Tax Refunds. Approximately 15 million tax filers begin the process of getting a refund in January.

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Taxes Report System blockchain 100

PYMNTS

APRIL 27, 2020

The key groups who will receive these payments include people who aren’t required to file tax returns, such as those who receive Social Security, Supplemental Security Income (SSI) and veterans’ affairs benefits. In addition, tax filers who have recently provided bank information to the IRS will get the payments.

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Taxes Security Payments Tools 257

PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . A group of state attorneys is joining together to fight a merger of Sprint and T-Mobile that the United States Justice Department supports.

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Taxes Mobile Management blockchain 101

PYMNTS

DECEMBER 2, 2019

These groups also face a common small- to medium-sized business (SMB) challenge — needing to track every transaction to prove fiscal responsibility to donors and regulators. million tax-exempt groups active in the U.S., The latter prevents these groups and their employees from spending funds inappropriately.

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Management Taxes Groups Regulation 141

PYMNTS

DECEMBER 27, 2020

PayPal’s move, given its size and clout, is an important indication that cryptocurrencies are poised for more mainstream adoption, Daniel Gouldman , chief executive of crypto-banking platform operator Ternio , told PYMNTS ’s Karen Webster. “I Bloomberg reported earlier this year that BitGo’s backers include Goldman Sachs Group Inc.,

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Report cryptocurrency Bitcoin Taxes 245

Jeff For Banks

NOVEMBER 4, 2022

Even though they pay no federal corporate income taxes? If the median size credit union from the $1B-$10B group I analyzed achieved the bank versus the credit union expense ratio, the CU would make $11.8 Twenty-seven basis points YTD inferior. Look no further than their expense ratio (non-interest expense / average assets).

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Operations Analysis Capital Community 78

PYMNTS

MARCH 1, 2016

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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Operations Strategy United States Regional 100

PYMNTS

MAY 3, 2016

This is proving particularly true for more and more cash-strapped states that have spent years staring at soaring traffic for online retailers but little — if any — increases in the taxes reaped from this digital, transcontinental economy. Fields, chair of Morrison & Foerster LLP’s state and local tax group, told Bloomberg BNA.

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South Dakota Taxes Online North Dakota 100

PYMNTS

DECEMBER 15, 2020

The group’s cash resources and current bank facilities are funding the cash consideration. Also, the Mersho Brothers, who operate Shoe Palace, have been issued equity in Genesis so that they will have 20 percent ownership of the enlarged group in the U.S. Shoe Palace provided a $52 million pre-tax profit in the year ending Dec.

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California Hawaii Arkansas Nevada 220

PYMNTS

JUNE 24, 2020

Those who are left taking part in the auction are Adevinta ASA, Prosus NV, and a group composed of Blackstone Group Inc., It has valuation exceeding 20 times earnings before interest, tax, depreciation and amortization (EBITDA). With the last bids due in early July for eBay Inc.’s And, in May, news surfaced that KKR & Co.-backed

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NV Groups Taxes Report 141

PYMNTS

MAY 6, 2020

The COVID-19 pandemic has had a noted effect on how several industries can operate and interact with their customers during this time including retail stores, movie theaters and casinos. TurboTax is among the platforms seeking to make it easier for U.S.

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Online Taxes United States Industry 222

PYMNTS

MARCH 17, 2020

The DEO “seeks concepts and an operator to program the space to boost innovation and entrepreneurship, demonstrate creative placemaking and feature the Made in Fairfax Network. The law opens up much more territory to these operations, which had only been permitted in areas zoned for industry. and San Francisco. Starting Jan.

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Retail Arlington San Francisco Milwaukee 135

PYMNTS

JULY 21, 2020

Groups are an issue, until regulations change and we can put more than 25 to 50 people in one meeting at a time.”. Tisch declined to provide occupancy rates at the two dozen luxury hotels Loews owns or operates in the U.S. “There probably will be no return to significant business travel in the fall,” he told the network. and Canada.

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Taxes Survey New York Security 189

PYMNTS

NOVEMBER 9, 2020

Simon addressed several issues on the company’s earnings call from tax relief to the pandemic to its joint venture with Brookfield Properties to take over operations at JCPenney. We have withstood lack of federal and state help, especially in real estate taxes. We have withstood COVID. We have withstood government shutdowns.

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Trends Retail Taxes Louisiana 169

PYMNTS

OCTOBER 28, 2019

HSBC posted an 18 percent loss in pre-tax profits for the third quarter of 2019, compared to the same period last year, reports said. HSBC group CFO Ewen Stevenson announced plans to restructure the businesses with the greatest losses, its U.K. billion in pre-tax profits, below analyst expectations, with revenue at $13.36

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Taxes Operations Groups Report 101

BankUnderground

AUGUST 11, 2022

Examples include tax measures to stimulate firm-level Research & Development and structural reforms to eliminate distortions in labour, financial, and product markets. This means that the majority of firms that will be in operation 20 years from now are yet to founded, while many current firms will no longer exist by then.

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Taxes Policies Exercises Examples 94

PYMNTS

NOVEMBER 5, 2018

Ant Financial , the Chinese FinTech giant and an affiliate of Alibaba Group , posted an earnings pre-tax loss of 2.4 The Wall Street Journal ( WSJ ), citing Ant, reported that the company had a pre-tax profit of 5.3 billion yuan in pre-tax profit in the fiscal year ending in March, Bloomberg reported. It posted 9.18

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Taxes Lending Operations Marketing 134

South State Correspondent

NOVEMBER 29, 2023

The Recency Trap in Banking Background Consider how much of your bank’s operating, sales, and marketing effort is spent acquiring new customers versus growing your existing customers. Then, banks can establish a control group and a test group of customers drawn from the front and middle of the curve who ordinarily would be ignored.

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Marketing Regional National Nashville 195

PYMNTS

FEBRUARY 26, 2020

The bank had to reconfigure its strategy after fourth-quarter results showed a pre-tax loss of £130.8 The banks beat out better-known organizations like TSB Bank, The Co-operative Bank and CYBG. The company’s plans were thwarted when it was revealed that it was miscategorizing a number of loans when figuring out capital requirements.

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Metro Lending Strategy Taxes 154

PYMNTS

DECEMBER 12, 2017

According to news from Reuters , the government in France wanted tax authorities to investigate Airbnb’s payment system over suspicions that it was enabling the avoidance of taxes after it learned the company was allowing hosts to use a prepaid Payoneer card. Hotel operators in France contend Airbnb is creating unfair competition.

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System Regulation Payments Taxes 100

PYMNTS

MAY 19, 2020

BlockFi said it was “able to confirm that no funds, passwords, social security numbers, tax identification numbers, passports, licenses, bank account information, nor similar non-public identification information was exposed as a result of this incident.”. Celo also said a Celo Gold auction that was oversubscribed brought in $10 million.

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Data Bitcoin cryptocurrency Taxes 212

PYMNTS

JULY 11, 2019

It will allow friends to plan gatherings and pay in groups. The VibePay app makes it easier for groups of friends to plan and pay for their social activities. It takes the pain out of collecting council tax from flatmates and planning holidays with friends,” said Luke Massie, VibePay CEO and founder. “At

Groups 128

Groups Taxes Regulation Maine 128

PYMNTS

AUGUST 4, 2019

Gobal investment firm KKR is acquiring a majority in German payments group Heidelpay for more than 600 million euros ($668 million), according to the Financial Times. Heidelpay Group and its majority stakeholder AnaCap Financial Partners reached an agreement on the terms of the investment from KKR, making KKR the new majority shareholder.

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Payments Groups Taxes Regional 136

PYMNTS

FEBRUARY 20, 2020

Earlier this week, Japan ’s cabinet proposed a bill that seeks to, as reported by the country’s national daily, The Mainichi , “improve contract transparency” for deals struck by Big Tech firms — specifically, platform operators — and their smaller vendors. That’s due in part to a sales tax boost that now has been hurting consumer spending.

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Taxes Google Apple United States 178

PYMNTS

JANUARY 16, 2020

To that end, Far Point Acquisition – which operates as a “blank check” company that focuses on financial technology deals – said on Thursday (Jan. Other investors include Alibaba affiliate Ant Financial Services Group, which will invest $125 million and will “accelerate strategic collaboration with the company.”. billion euros.

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Payments Taxes Groups Fintech 100

PYMNTS

JUNE 29, 2018

Kerala will recommend startups that have been in operation for less than three years, bridging them to YES BANK for structured loan offerings and other services. Their collaboration isn’t YES BANK’s first with a government group aimed at supporting small- to medium-sized businesses (SMBs) and startups.

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Taxes Groups Operations Report 102

PYMNTS

FEBRUARY 20, 2020

based Wells Fargo and Malaysian group MUI Asia , it should be well-poised to utilize the needed funds from its working capital facility to meet its immediate funding needs. before taxes and exceptional items and repaid debt using the proceeds of property sales. The company operates 155 stores in the U.K. In the U.S.,

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Maine Taxes Retail Groups 130

PYMNTS

JULY 15, 2020

“As a reputable law firm, they would have investigated EMIF’s position and been satisfied as to matters such as EMIF’s beneficial ownership, compliance with money-laundering and terrorist financing laws, and the absence of tax and other fraud,” Cranston wrote, FT reported. Still, this is not the end of troubles for Wirecard.

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Fraud Taxes Groups Compliance 160