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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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Sprint And T-Mobile Merger, Spend Management And State Tax Top This Week’s News

PYMNTS

It’s the end of a short holiday workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . Trackers and Reports.

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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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Today In B2B: TD's New Commercial Bank; FLEETCOR's AP Acquisition

PYMNTS

Today in B2B payments, TD Bank forms the new Commercial Bank, FLEETCOR acquires Roger, and City National Bank pairs up on virtual corporate cards. Plus, OnPay strikes accounts payable partnership and an OECD digital tax deal looms. German Finance Minister Says OECD Digital Tax Deal Likely by Summer.

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On Demand Pay Finds A Home In Financial Services

PYMNTS

Any number of variables can highlight how the traditional two-week pay cycle puts pressure on the management of household finances. He pointed to advancements in technology that allow people to tap into wages as they are earned to help alleviate financial stresses. Yet, in neighboring Connecticut, the top income tax rate is 7 percent.

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Cannabis Dispensary SaaS Provider Baker Technologies Raises $3.5M

PYMNTS

Within banking, SolarisBank garnered $28 million, with venture capital provided by Arvato Financial Solutions, among others, which will be taken to expand the European technology platform, furthering geographic reach. Cannabis Dispensary Software-as-a-Service Provider Baker Technologies Raises $3.5M. The same is true for investments.

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Getting Past ‘Standard’ To ‘Fair’: Tech Brings Efficiency To Mileage Reimbursements

PYMNTS

For that, thank digital and mobile technologies, and the ability to analyze data in such a way as to find those seemingly small, but meaningful differences in the cost of driving throughout various locations. Beyond that, though, using the IRS rate can lead to unnecessary expenses, including tax-related ones, for employers.

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