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How Pilot Is Innovating Corporate Taxes For Millennial-Run Businesses

PYMNTS

Tax season frustrations can blossom into real financial problems, especially when refunds are paper checks sent through postal mail. tax code changes passed in 2017 did not soothe these frictions, either, as they shifted income brackets and altered rates, affecting consumers’ refunds and earnings.

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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. This seems to us to be a significant barrier to wide adoption.”. As a result, capital gains and losses would be created.

Taxes 115
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Facing pressure, HSBC rethinks US strategy

Bank Innovation

The top-10 global bank reported Tuesday that in 2019, net profit fell 53% to $6 billion, while pre-tax profits fell 33% to $13.3 […]. HSBC, a global bank with $2.7 trillion in assets, is blazing a new path for its U.S. business as it cuts $4.5 billion in costs and reallocates capital away from underperforming units.

Strategy 243
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US News Publishers Join Group Seeking To Lower App Store Fees

PYMNTS

news publishers, including The New York Times , The Washington Post , NPR , ESPN , Bloomberg and others, have now joined the Coalition for App Fairness , according to a report from 9to5Mac , with the intent to protest the “ Apple tax.”.

Apple 181
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US Local Governments And The Slow Death Of The Check

PYMNTS

Local and state government agencies tend to approach innovation slowly and methodically, but careful vetting and execution have drawbacks for disbursement developments. The same is true for business entities on other tax programs. We issue checks when a citizen doesn’t designate direct deposit and provide account information.

Oregon 131
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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

Federal Aviation Administration (FAA) has granted Amazon Prime Air a Part 135 air carrier certificate authorizing the use of drones. The FAA supports innovation that is beneficial to the public, especially during a health or weather-related crisis.”. Big Tech Updates Fees to Reflect UK Digital Services Tax. and other countries.

Taxes 131
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How Federal Debt May Impact Banking

South State Correspondent

The relationship between federal deficits and interest rates may depend on many complex factors, such as: whether tax rate changes, money supply changes, government spending changes, or political and economic stability worldwide accompany the deficits.