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As The Online Tax Man Cometh, Will Smaller Retailers Embrace Marketplaces?

PYMNTS

As commerce has, increasingly, moved into the digital realm, and even the smallest merchants have gone omnichannel, tax policy has evolved as well — although perhaps it may be more apt to say tax policy has scrambled to keep up. Thus far, a bit more than a year after the ruling, tax policy remains fragmented.

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Why State And Local Governments Struggle To Shred The Paper Check

PYMNTS

Fifty-one percent of United States consumers stated in the most recent PYMNTS Disbursements Satisfaction Report that they would prefer to receive tax refunds, child support payments and other government payments through instant payout methods. The state of Illinois is still considering digital disbursements, though innovation remains slow.

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Amazon’s Billion-Dollar Marketplace Milestone

PYMNTS

Amazon Business — which first launched on April 28, 2015 — offers those organizations some of the same shopping benefits that it does individual consumers, such as two-day free shipping on orders of $49 or more, as well as additional features, notes Reuters, like exclusive pricing, discounts for buying in bulk and tax exemptions.

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Amazon (And Others) Brace For India’s New eCommerce Tax

PYMNTS

The jousting over eCommerce taxes — especially for U.S. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government.

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Facebook Tracker: East, West And Everything In Between

PYMNTS

Chicago, Illinois. Facebook will receive around $19 million in state tax exemptions through 2035, CNN Tech reported. Announcing the decision, McAuliffe said, “Working with companies like Facebook and many others, we are advancing Virginia’s position as a global leader in the technology economy.”. Cambridge, Massachusetts.

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Fintech Fundings: 26 Companies Raised $530 Million Third Week of July

Fintech Labs Insights

HQ: Chicago, Illinois. Retail deposits platform. Guideline Technologies. Tax filing portal. HQ: Chicago, Illinois. HQ: Chicago, Illinois. Tags: Consumer, tax prep, payments. Source: Crunchbase. West Creek Financial. Consumer piont of purchase financing. Latest round: $25 million Debt. million ($3.5

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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

Real estate technology. HQ: Lombard, Illinois. Tags: Consumer, 401(k), retirement savings, tax-advantaged, wealth management, Finovate alum. Source: Finovate. Mobile-optimized neo-bank. HQ: New York City. Latest round: $12 million. Total raised: $23 million. Source: Finovate. Electronic payment solutions. HQ: Paris, France.