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EU Will Not Implement Digital Tax, Agrees To Internet Tax Reform

PYMNTS

The European Union has announced that it will not move forward with a digital tax plan covering the entire EU, but also said it would look at reforming tax laws for internet companies, according to a report from Reuters. The global tax reform is being prepared by the Organisation for Economic Co-operation and Development (OECD).

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NRF On The Case For Revising eCommerce Sales Tax Laws

PYMNTS

Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. Online retailers aren’t sitting still when faced with new taxes — and some are even fighting back in court.

Taxes 101
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Becoming a “Bahama Mama” Crypto-Style: A Closer Look at The Digital Asset Landscape in The Bahamas

Perficient

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. The paper also lays out plans to expand the resources of the Securities Commission of The Bahamas to bolster its role as the main crypto regulator.

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Union Budget 2020 Highlights

BankBazaar

To this end, the government proposed a slew of changes and incentives among which was a major tax rejig. Let’s take a look at the major highlights of Union Budget 2020: The budget had three main themes: Aspirational India. The FM said that GST has integrated the economy and consolidated multiple taxes. Tax Changes.

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Will Amazon, eBay And Apple Have A Happy Holiday Season?

PYMNTS

Online spending will increase nearly 15 percent compared with last year, reaching $124.1 percent, according to an estimate from the National Retail Federation. That might explain some of the anticipated Q4 slowdown for major online retailers — but not all of it. billion, according to a fresh forecast from Adobe Analytics.

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Businesses Can Have Their Identities Stolen, Too, Experts Warn

PYMNTS

A new report from The National Cybersecurity Society (NCSS) published this week warns that business identity theft is an emerging threat for entrepreneurs and executives. Business identities can be used to open card accounts, initiate wire transfers or commit tax fraud. with more than 16,800 victims recorded in 2016.

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The Gig Economy Gets Its Props

PYMNTS

Online gig work platforms have predictably been seeing more activity in recent weeks as the newly unemployed on one side, and overwhelmed business owners on the other, seek a new (if temporary) arrangement. Expect more ironies small and large as the nation at long last recognizes gig workers. You cannot have your staff doing it.

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