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Washington Capital Gains Tax Update

TrustBank

You may recall that in 2021 Washington state passed legislation to implement a 7% capital gains tax on certain asset sales, with the tax applying to profits that exceed $250,000. There will be an online portal to file a return and pay the tax starting in February 2023. The tax is due April 18 th.

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The Digital Evolution Of The Online Gaming Ecosystem

PYMNTS

The decision opened the floodgates to legalized sports betting – both in-person and online – in the U.S. states, with only Arizona, Hawaii, Idaho, Montana, Nevada and Washington labeling DFS as illegal. All in, counting online and in-person wagers, Super Bowl betting was worth roughly $6.8

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

PYMNTS

consumers are expected to be shopping online by 2021. The ruling meant that online retailers could be mandated to collect sales tax — and taxes can be levied by states on firms that do not have physical presence in those states. As it stands now, the number of states with economic nexus laws on the books is 43, plus Washington, D.C.

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Are Online Merchants The Mall’s Unlikely Salvation?

PYMNTS

One might imagine that mall operators nationwide take a rather jaundiced view of the internet, since online shopping has more or less killed the mall. But perhaps that is the old conventional wisdom — the emerging idea is that online retailers are giving back some of what they’ve taken away these days. “We

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Amazon Plans To Expand Grocery Stores Across The US

PYMNTS

billion for Whole Foods , the online retail giant is planning to open its second automated-checkout grocery store in Seattle’s Eastside neighborhood and is hiring managers for a third store in the city’s Capitol Hill district, The Seattle Times reported. Amazon must like the supermarket business. Three years after it paid $13.4

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A Rough Map To The New World Of Online Sales Taxes

PYMNTS

Five Supreme Court justices may have settled one of the longstanding issues of online retail, but that does not mean everything has suddenly cleared up. That’s not to say that some consumers might be put off by the looming expansion of sales taxes to more online purchases and shift dollars to brick-and-mortar retail. Big Ticket Blues?

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DOJ Nearing Decision On Antitrust Suit Against Google

PYMNTS

Supreme Court to announce a bipartisan investigation into whether the company has abused its position in the online advertising market. It controls one-third of the world’s online ad spending, but 90 percent of the market for some ad tech tools. Last fall, most of the country’s state attorneys generals gathered on the steps of the U.S.

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