PYMNTS

DECEMBER 30, 2019

Merchants’ marketing departments may find bundling useful, but their accountants are less likely to see it positively — determining individual items’ tax obligations in the different states into which they are sold can be challenging, and putting offerings into bundles only magnifies complexities. Unpacking States’ Unbundling Policies .

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PYMNTS

MARCH 12, 2019

Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. Treasury’s top international tax official, called the taxes “ill-conceived,” and said the better option was to go after tax reform internationally at the Organisation for Economic Co-operation and Development ( OECD ).

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PYMNTS

JANUARY 25, 2021

Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . After Spain’s government levied a new digital tax, Amazon plans to increase fees by 3 percent starting in April for Spanish firms harnessing its platform, Reuters reported. Google Raises Specter of Making Search Inaccessible in Australia.

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PYMNTS

JANUARY 19, 2021

But reaching a broader range of consumers, accommodating their payment preferences, and satisfying regulatory and tax issues in unfamiliar territory introduces a host of new operational challenges for these companies. Retailers are entering new markets at a time when regulations are becoming more complex and costly, not less.

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PYMNTS

JANUARY 15, 2021

To get a bit more granular, in an interpretive letter , the OCC said that regulated financial institutions (FIs) can participate in independent node verification networks (INVN for short – namely, a blockchain network).

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PYMNTS

FEBRUARY 12, 2019

Govindacharya have asked lawmakers in India to call leaders of Google and Facebook to the country to ask them about data privacy and their compliance on tax laws, according to a report from Reuters. The group is asking a parliamentary panel on information technology to investigate the tech giants.

Taxes 108

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Abrigo

MARCH 29, 2023

Here's how to detect fraudulent loans still in the portfolio. Takeaway 3 Following the use of funds can lead to fraud detection, and regulators will expect enhanced due diligence on PPP fraud. This will require them to: Follow the use of loan proceeds from funding to the current date Review payroll expenditures and taxes.

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PYMNTS

DECEMBER 10, 2020

Several companies, including Twitter , are urging European Union regulators to “defend the Open Internet.” Beyond addressing the problem of illegal and harmful internet content, there are questions regarding antitrust rules as well as how to reform the tax system. Strict rules must be enforceable,” he said.

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Abrigo

JANUARY 29, 2020

The passing of the 2018 Farm Bill , for example, legalized the regulated production of hemp, and it is becoming a hot topic amongst producers and lenders. The Current State of Ag Lending: Challenges for Borrowers, Lenders, and How to Overcome Them. Here’s How to Gain it Back. Learn More. Lending & Credit Risk. Learn More.

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PYMNTS

JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. At the same time, it was said that those who engage in digital asset dealing will have to follow rules for anti-money laundering (AML), among other regulations.

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PYMNTS

AUGUST 14, 2019

New Zealand tax authorities published a ruling this month that includes guidance for employers that wish to pay their staff in cryptocurrency. Tax regulators noted that businesses can use foreign exchanges to facilitate their crypto payments, and offered guidance on how to calculate PAYE taxes and levies when paying in crypto. “If

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PYMNTS

NOVEMBER 8, 2020

European Union regulators determining how to implement new rules governing dominant internet players may include short-term rental leaders Airbnb and Booking.com on a list of companies the guidelines cover, the Financial Times (FT) reported. In October, Airbnb executives hoped the IPO would raise as much as $3 billion.

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PYMNTS

NOVEMBER 20, 2020

I'm not convinced at all that we have enough information to know how to deal with this type of problem,” Greenspan said, according to CNN, also saying there could be “unintended consequences” for society.

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PYMNTS

NOVEMBER 1, 2018

These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping. billion valuation by the end of the year, accepting cash at the point-of-sale (POS) and using cash to pay vendors, business partners and taxes remain commonplace.

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Abrigo

SEPTEMBER 1, 2021

financial institutions' improved compliance with Bank Secrecy Act and anti-money laundering regulations, such as cash reporting requirements.” . Financial institutions can expect additional scrutiny from regulators and auditors on EDD processes and high-risk customer monitoring. BSA Rules and Regulation. Going Forward.

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PYMNTS

SEPTEMBER 5, 2019

Governments rely on tax revenues to fuel the vital services they provide to residents and businesses – from firefighting and public education to water system repair and road maintenance. Retail sales taxes have long been key sources of state governments’ budgets and have been their greatest single stream of revenue since the mid-1900s. .

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South Dakota Taxes Policies North Dakota 116

Abrigo

MARCH 4, 2020

Periodically review the entire relationship, obtain financial statements and tax returns, balance cash deposits against state law restrictions, and perform site visits. NO, TELL ME HOW TO STAY COMPLIANT. We have the resources and solutions to help you navigate through regulation and keep you compliant. GO FOR THAT FEE INCOME!

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PYMNTS

OCTOBER 25, 2019

tax laws, and some businesses and public sector stakeholders are now pushing back. The case ushered in a wave of state- and municipality-issued economic nexus laws that tax remote sellers based on economic activity rather than physical presence. States have long debated how to write these definitions. The 2018 South Dakota v.

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Taxes South Dakota Policies Compliance 100

Abrigo

FEBRUARY 10, 2015

A recent blog post on CPA.com said tax work generates most of the claims brought against CPAs, based on statistics tied to the AICPA Professional Liability Insurance Program, which is underwritten by CNA.

How To 150

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PYMNTS

AUGUST 29, 2019

28) said the ATO is championing the end of the paper invoice, saying electronic invoices and other government initiatives to digitize business processes, such as single-touch payroll, can help address the ballooning small business tax gap. billion gap in tax payments, with cash-only businesses leading the tax-dodging behavior.

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PYMNTS

APRIL 14, 2020

Gig workers’ rights and benefits — including healthcare and access to unemployment — have become key topics debated by regulators in th e United States as they work to figure out how to provide support. and other countries is the way consumers and regulators th ink about it. How The Pandemic Is Impacting Business Regulations.

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Regulation Examples United States National 285

Abrigo

JUNE 10, 2020

The regulators don’t care what your budget is,” Luttrell says. But inadequate staffing appears in regulatory consent orders more often than many people would expect, and regulators are not sympathetic when it comes to violations as a result of underemployment in compliance. BSA Rules and Regulation. BSA Rules and Regulation.

Resources 195

Resources Regulation Compliance Policies 195

Abrigo

MAY 11, 2021

How to properly use GCF. An institution can look at their debt-to-income (DTI) ratio, which does not count for living expenses or taxes, or their debt service coverage (DSC) ratio, which is generally the net of their living expenses and taxes. three years) or the weighted average over a specific time period (i.e.,

Analysis 195

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MyBankTracker

APRIL 14, 2021

If you want to invest in the company, here’s how to do it. How to Buy Coinbase Shares. Regulation. One major risk that Coinbase faces is the regulation of cryptocurrencies. For example, the IRS has issued specific guidance on how taxpayers should treat cryptocurrency investments when filing their taxes.

How To 52

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MyBankTracker

DECEMBER 1, 2020

Regulation. One unique risk that Uber faces is regulation from the government. Some regulators have tried to fight this by forcing Uber and similar gig economy services as employees. Still, other states or the federal government may try to enact similar regulations that could increase Uber’s costs or reduce its profits.

How To 52

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PYMNTS

JANUARY 4, 2019

A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports.

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cryptocurrency New York New York City Study 163

PYMNTS

DECEMBER 27, 2016

“Our overarching mission is to provide compliance services for small businesses, businesses that don’t have in-house attorneys or tech professionals, to provide the info that small businesses need to comply with employee management and tax reporting requirements,” said Susan Drenning, president of ComplyRight Inc.

Regulation 100

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BankBazaar

JULY 19, 2022

In May 2022, the Central Board of Direct Taxes (CTBT) rolled out a new set of rules and regulations pertaining to cash deposits. 50,000 per day without furnishing such details and the Income Tax department had not defined an annual limit. Additional Reading: How to Use a Cash Deposit Machine. This is How It Works.

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Taxes Cards Regulation System 78

PYMNTS

APRIL 3, 2020

In practice, however, understanding which organizations can benefit most, and how to take the first steps in a seemingly monumental task of shifting from manual to automated AP workflows, can overwhelm any organization. A Payments Balancing Act. “We started out with spreadsheets just like everybody else,” he said.

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Taxes Compliance Payments Data 131

PYMNTS

APRIL 25, 2016

Unfortunately, judging from the news over the last few weeks, there are still a lot of folks, many of them who work in government, who – I swear – must have a whole playlist of “free” songs and listen to them constantly for inspiration about how to make decisions. Take the European Commission. Free – a good gig if you can get it.

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Regulation Google Course Cards 100

PYMNTS

MARCH 3, 2020

Some have pointed to a similar attempt by H&R Block, when it tried to purchase another do-it-yourself tax software company in 2011 but was blocked by regulators. Several legal experts have said that TurboTax’s deal to buy personal finance site Credit Karma for $7.1 billion raises serious antitrust concerns.

Apple 132

Apple National cryptocurrency Payments 132

Abrigo

MARCH 22, 2023

Misrepresentation is used to justify the movement of funds and, in some cases, reduce the tax obligation reflected on customs documents. Over- or under-shipment or phantom shipments: Over- or under-shipment involves misrepresenting the number of goods in a shipment. Gain confidence in your BSA program.

Training 195

Training Fraud New Jersey Regulation 195

Abrigo

FEBRUARY 24, 2020

Despite Federal ambiguity, Illinois State Regulators defined their stances on cannabis banking. While there is still uncertainty about what banking legislation will pass, FIs are slowly but surely gaining more guidance on how to bank cannabis. If so, how do you bank them? Illinois State Banking Regulators.

Illinois 195

Illinois Regulation United States California 195

Abrigo

FEBRUARY 5, 2021

Takeaway 3 Meanwhile, regulators continue to reinforce the importance of lenders knowing customers and beneficial owners. Even after redoing this certification, borrowers may then still be declined on the same application due to another incorrect validation rule (for instance, an Applicant Tax ID issue),” the letter said.

Fraud 195

Fraud Lending Taxes Regulation 195

Independent Banker

FEBRUARY 28, 2022

No other event provides more opportunities for community bankers to engage with lawmakers, regulators and government officials. Part of being organized is knowing what to say and how to say it. They can advocate for their industry while getting the inside scoop from pundits and other insiders. Advocacy coaching.

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Community Washington Community Bank Capital 180

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. It is likely that regulators will soon ask banks to come up with a plan.

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Conference Payments Fraud Data 195

PYMNTS

MARCH 14, 2018

“The same innovations that power crypto-assets can also help us regulate them,” said Christine Lagarde in an IMF blog post Tuesday, according to CoinDesk reports. Blockchain, on the other hand, has a potential to facilitate data exchange between regulators and relevant parties to combat this threat. In the U.S.,

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blockchain cryptocurrency Regulation Taxes 129