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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

For inspiration in banking innovation, we often look to other industries. Instead of thinking traditionally, Gentle Monster pursued a strategy of innovation and creativity to become the hottest sunglass company globally, creating a company currently valued at $900 million. These striking designs paid for themselves in media exposure.

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Libra Could Pose Tax Challenges In Europe

PYMNTS

With the idea of pegging Libra’s value to a basket of international currencies, Facebook ’s proposed cryptocurrency would bring tax challenges to European users, per tax lawyers. However, the tax would only be payable in the event that total capital gains are more than the annual capital gains tax exemption of £12,000.

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Big Tech Regulatory Tracker: Supreme Court Hears Arguments In Oracle, Google Dispute; Ukraine Considers Tax On Digital Platforms From Abroad

PYMNTS

German Finance Minister: More Than 130 Nations Agree to Corporate Tax Framework. The primary aim of any deal would be to make sure that Big Tech firms like Facebook , Google and Amazon were forced to pay their fair share when it comes to tax, according to Scholz. Facebook Could Face Penalties If It Contravenes Turkish Social Media Law.

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Big Tech Compliance Tracker: Europe Plans To Release Drafts Of Digital Regulation Legislation; UN Initiative To Tax Big Tech In Developing Nations Gains Momentum

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European Commission Executive Vice President Margrethe Vestager said in a webinar that to make the 2020s the continent’s digital decade “is every bit as much about building trust as it is about investing in digital innovation.”. “In UN Committee Indicates Support For Initiative To Tax Big Tech In Developing Nations. and Facebook Inc.

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Big Tech Compliance Tracker: Apple, Google, Amazon Boost UK Fees To Cover New Digital Tax; Amazon Gets FAA’s OK For Drone Delivery 

PYMNTS

Tumusov wrote in a social media post that “lowering the commission and having the ability to bring products to users is a growth opportunity for IT developers.”. The FAA supports innovation that is beneficial to the public, especially during a health or weather-related crisis.”. customer charges to cover the new tax.

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The Financial Technologies SMEs Aren’t Using

PYMNTS

Only 13 percent say they’re willing to jump on the innovation bandwagon. 70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. Nearly a quarter of small businesses said they still use paper forms when filling out taxes. 37 percent of SMEs in the U.K.

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Robots Sizzle, Tax Reform Fizzles And Facebook Raises Eyebrows With Its Timing

PYMNTS

The social media giant had lots of things to announce this week at F8 : new features, like the “clear history” button; upgrades, like the video chat enhancements coming to Instagram and Snapchat and redesigns, like the great streamlining of Messenger. Fizzle of the Week: Timing. Even on Facebook.

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