Remove Marketing Remove Operations Remove Pennsylvania Remove Taxes
article thumbnail

Will eSports And Other Online Businesses Spike Digital Taxes?

PYMNTS

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment of tax issues. Taxing Confusion. billion in 2022.”.

Taxes 132
article thumbnail

Deep Dive: How The COVID-19 Virus Is Impacting The Online Gambling Industry

PYMNTS

Supreme Court decision allowed sports betting in 2018 and inspired 2019 laws that govern the fledging industry in 10 states and set guidelines such as how online casinos can operate and how sports betting would be taxed. Pennsylvania reported similar figures, with tax revenues from brick-and-mortar gambling declining to $50.5

Online 176
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Widening Borrower Protection’s Scope To SMBs

PYMNTS

But according to Pat MacKrell, president and CEO of New York-based small business lending firm Pursuit , the online alternative lending market has gotten good at hiding the true cost of financing from SMBs. “For a small business to start, sustain and scale operations, they need a ‘friend in court,’ so to speak.”

Lending 136
article thumbnail

How About Profits in the Branch of the Future?

Jeff For Banks

These pre-tax profit ratios are a percent of average branch deposits, and excludes indirect branch operating expense such as Deposit Operations and IT, and overhead such as Executive and Finance. Imagine holding branch managers accountable for increasing deposit and loan spreads, and generating direct pre-tax profits.

article thumbnail

Banking's Top 5 in Total Return to Shareholders: 2018 Edition

Jeff For Banks

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. The Bank operates five full service offices. It also operates 13 Home Loan Centers in Oregon and Idaho.

Oregon 101
article thumbnail

Time Tried, Panic Tested. The Forgotten Story of the First National Bank of Keystone

Jeff For Banks

billion in assets, had 87 full-time equivalent employees, and accounted for two-thirds of the town's tax revenue. She effectively ran the bank and its operations. The Bank's Rise McConnell came to the bank in 1977 from McKeesport, Pennsylvania. The government guarantee allowed for a secondary market in these loans.

article thumbnail

Deep Dive: Wayfair’s Complex, Ongoing And Unexpected Effects On Retailers

PYMNTS

Wayfair’s case enabled cities and states to pass economic nexus laws that require out-of-state sellers to collect and remit taxes on local residents’ sales, and it permitted these jurisdictions to implement marketplace facilitator laws necessitating that eCommerce platforms collect and remit taxes on third-party merchants’ sales. .