PYMNTS

JANUARY 6, 2020

As 2020 dawns, regulators are continuing to focus on taxes and possible anti-competitive behavior on the part of tech’s marquee names. As reported last week, hardware spanning computers and mobile devices sold in Russia will be required to have Russian software pre-installed beginning July 1, according to The Hollywood Reporter.

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PYMNTS

JANUARY 10, 2019

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process, promises to become even more digital this year. And digital payers are striving to win more business from tax filers this year. Rise of Quicker Payments. New Products.

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Taxes Payments Report System 120

PYMNTS

DECEMBER 18, 2018

France, which had vowed to start taxing Google , Apple , Facebook , and Amazon in December if the European Union failed to agree on a digital tax, now says the tax will be implemented on January 1. If the European states do not take their responsibilities on taxing the GAFA, we will do it at a national level in 2019.”.

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PYMNTS

DECEMBER 17, 2018

17) that he wants France to start taxing big tech giants beginning Jan. 1, 2019, according to a report. He pushed for an EU-wide digital tax for the end of 2018. He pushed for an EU-wide digital tax for the end of 2018. “We He expects the new tax revenue could be up to $565 million in 2019.

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PYMNTS

NOVEMBER 16, 2020

Lau’s comments came when the China-based company registered a September quarter that exceeded expectations due to spiking demand for digital games, Nikkei Asia reported. "As Group Seeks to Block Maryland Online Advertising Tax. Group Seeks to Block Maryland Online Advertising Tax. Larry Hogan vetoed the levy.

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Maryland Taxes Online Groups 151

PYMNTS

APRIL 4, 2018

In the rideshare market, for example, Uber and Lyft are allowing drivers to get paid more quickly, and with greater flexibility, than waiting for payday to roll around. Introducing the new Smarter Payments Tracker , a report following the latest developments reshaping and improving the payment experience. About the Tracker .

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Taxes Report System blockchain 100

PYMNTS

OCTOBER 11, 2019

In the digital age, it’s become easier than ever for companies of all sizes to broaden their reach and sell to new markets. But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes.

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PYMNTS

JUNE 22, 2018

Supreme Court opened the door to state collection of sales taxes for eCommerce purchases, questions swirled about software, Congressional action, marketplace sellers and how consumers would react. Speculation about hassles caused by a lack of tax-calculating software is a “nonissue,” he added. A day after the U.S.

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Taxes Online South Dakota Retail 114

PYMNTS

FEBRUARY 23, 2020

Intuit is known for making online tax filing service TurboTax, which is used by millions of people. Credit Karma offers a number of services including free access to one’s credit score and borrowing history, alerts to potential data breaches, and tax preparation and filing. Intuit is valued at around $77 billion.

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South State Correspondent

MARCH 21, 2023

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects. In 2020, the U.S.

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Taxes Community Bank Community Operations 195

PYMNTS

SEPTEMBER 24, 2020

24), could put digital currency exchanges under one national structure, CoinDesk reported. It would organize them into a distinct legal category and have the Commodity Futures Trading Commission (CFTC) in charge of supervision, according to the report. The Digital Commodity Exchange Act of 2020, which was proposed by a U.S.

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National Report Taxes Bitcoin 121

PYMNTS

JUNE 21, 2018

States can collect sales taxes from online retailers thanks to a U.S. The 5-4 decision essentially overturns the court’s 1992 ruling that states can collect sales taxes only from retailers that maintain a physical presence in those states. billion in tax revenue in 2017,” according to the report. retail sales.

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Taxes South Dakota Online US 119

PYMNTS

JANUARY 16, 2019

million, Reuters reported on Tuesday (Jan. million loss last year, reports noted. million profit upon completion, reports said. Sage first entered the payroll market in 2015 with the launch of the Sage Payroll Center , enabling its small business accountant users to introduce payroll services for their own business clients.

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PYMNTS

AUGUST 10, 2020

Consumers and other businesses can access their tax refunds, benefits, freelance income, insurance claims, dividend payments and other disbursements within 30 minutes of being paid — sometimes even within seconds. We also identified existing market gaps across specific disbursement categories. . We surveyed more than 5,000 U.S.

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Report Payments Millennials Cards 228

PYMNTS

AUGUST 9, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. The publication reported Thursday (Aug. As of last year, the company employed 63 people, reports said, citing Utah Business data.

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Capital Marketing Utah Taxes 108

PYMNTS

APRIL 6, 2018

In investment news, Chainalysis has notched $16 million in Series A funding from Benchmark , TechCrunch reported. In other news, embattled cryptocurrency exchange Coincheck is expected to accept a takeover offer from Monex Group , CoinDesk reported. dollar before the April 15 tax filing deadline. As of 11:31 p.m.

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PYMNTS

APRIL 12, 2016

China has some new taxes on goods imported through eCommerce sites, though it has also removed some duties that had previously been assessed. Food will now import at a higher duty price; previously the tax was 10 percent. Instead, it will wipe out those companies that were only seeking a policy loophole and operating in a gray zone.”.

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PYMNTS

DECEMBER 15, 2017

A new survey from Citizens Bank explores how mid-market CFOs in the U.S. are anticipating new technologies and market trends for the year to come, with these professionals signaling interest in real-time and electronic payments. In an announcement Thursday (Dec. In an announcement Thursday (Dec. ”

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PYMNTS

JANUARY 25, 2018

s financial services market is expanding, with FinTechs — dubbed challenger banks — rivaling traditional financial institutions (FIs). This week, the industry got a bit bigger: Recent reports said the sector’s newest entrant, Countingup , has officially launched to disrupt the small business (SMB) banking space.

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PYMNTS

MARCH 19, 2020

The coronavirus could lead to tens of millions of unemployed workers and could change how businesses operate. million jobs could be lost around the world because of COVID-19, the disease caused by the coronavirus, CNBC reported. It’s hard to see how HMRC could say no to a request to cease some tax payments,” he noted, per the report.

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Taxes National Retail Report 130

PYMNTS

DECEMBER 27, 2019

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. . The country’s Superintendency of Industry and Commerce (SIC) reportedly said Uber went against market rules. Trackers and Reports. Colombia Blocks Uber From Using Its Ride-Hailing App.

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Taxes Mobile Management blockchain 101

PYMNTS

AUGUST 7, 2020

German authorities are cracking down on several allegedly illicit cryptocurrency-related operations in the country. BaFin, Germany’s financial regulatory authority, has begun shuttering crypto ATMs run by KKT UG, CoinDesk reported. The crypto company operates 17 of the 67 bitcoin ATMs in Germany, according to CoinDesk.

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Bitcoin ATM cryptocurrency Operations 157

PYMNTS

NOVEMBER 7, 2018

And while those numbers aren’t likely to keep Amazon or H&M up at night, for a small Cuban eCommerce startup operating out of nation where internet access is patchy and from which the company can’t ship goods directly to U.S. The brand reports that 70 percent of its shoppers are foreigners, and that half come from the United States.

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PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. TaxBit was founded by software developers, tax attorneys and CPAs to automate and simplify tax compliance for crypto users. ” TaxBit will use the funding to speed up customer growth, and make its products better.

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Bitcoin blockchain Taxes Austin 132

PYMNTS

AUGUST 29, 2017

Reports released Monday (Aug. According to Magow, the MyBusiness solution will also help business users remain compliant under new goods and services tax (GST) rules and streamline the process by which SMBs claim GST credits. Reports also noted India has responded to rising demand among small businesses for business travel solutions.

Marketing 108

Marketing Taxes Online Cards 108

PYMNTS

MAY 19, 2020

The purchase comes as Ontario Systems has recently shifted to being backed by private equity money, as it was acquired last year by New Mountain Capital, according to a Government Technology report. SwervePay, meanwhile, offers text payments and automated balance messages on top of its main services for electronic payments.

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System Payments Taxes Software 239

PYMNTS

AUGUST 12, 2020

In a stock market that seems to continuously flirt with new highs, the answer seems to be: Aim for the IPO. To that end, as reported earlier this week, BigCommerce , the software as a service (SaaS) firm that focuses on eCommerce, went public, surging more than 200 percent on its first day of trading. million from $10.3

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Taxes Survey Online Tools 276

PYMNTS

SEPTEMBER 23, 2019

billion people, The New York Times reported on Sunday (Sept. As China increasingly becomes a market economy, the government is becoming more concerned about improper conduct in the marketplace. The firm recently published a report on social credit. million times last year for offenses such as unpaid taxes and fines.

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Taxes New York System Training 177

PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Imposing state taxes on out-of-state sellers is now the new normal, she said.

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Online Taxes Compliance Missouri 132

PYMNTS

MARCH 30, 2018

tax deadline approaches, CNBC reported. And, in China, the country’s central bank is planning on cracking down on cryptocurrencies this year, Reuters reported. In other news, Ripple ’s XRP coin fell to its lowest point since December, Business Insider reported. Youbit’s operating company, Yapian Corp.,

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Bitcoin cryptocurrency Marketing Taxes 124

PYMNTS

OCTOBER 27, 2017

India has overtaken the United States to become the world’s second largest smartphone market. According to news from a report by Canalys , smartphone shipments in India grew 23 percent year over year in Q3 2017 to reach just over 40 million units, making the country the world’s second largest smartphone market after China.

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Marketing Samsung United States Apple 100

PYMNTS

NOVEMBER 5, 2018

Ant Financial , the Chinese FinTech giant and an affiliate of Alibaba Group , posted an earnings pre-tax loss of 2.4 The Wall Street Journal ( WSJ ), citing Ant, reported that the company had a pre-tax profit of 5.3 billion yuan in pre-tax profit in the fiscal year ending in March, Bloomberg reported. It posted 9.18

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PYMNTS

MAY 3, 2016

This is proving particularly true for more and more cash-strapped states that have spent years staring at soaring traffic for online retailers but little — if any — increases in the taxes reaped from this digital, transcontinental economy. Fields, chair of Morrison & Foerster LLP’s state and local tax group, told Bloomberg BNA.

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South Dakota Taxes Online North Dakota 100

PYMNTS

JULY 11, 2016

Reports by Seeking Alpha late last week offered a summary of the online meeting held by Amex and Deutsche Bank Research. billion in pre-tax earnings, reports added, and holds a return on investment at about 27 percent. Amex Vice Chairman Steve Squeri pointed to high expectations for its Global Commercial Services (GCS).

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Cards Report Leadership Taxes 100

PYMNTS

APRIL 15, 2019

. “For many businesses, reconciling B2B transactions can be challenging due to lack of robust reporting tools,” the company said in a release. Now, Mastercard said, it is providing mid- and large-sized operations with an easier way to understand and manage expenses. The product is currently available in the U.S.,

Data 177

Data Taxes Tools Analytics 177

PYMNTS

DECEMBER 7, 2020

Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. The benefits of using digital B2B payments solutions extend far beyond their ability to support a decentralized workforce.

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Management Cards Company Innovation 268

PYMNTS

FEBRUARY 20, 2020

Earlier this week, Japan ’s cabinet proposed a bill that seeks to, as reported by the country’s national daily, The Mainichi , “improve contract transparency” for deals struck by Big Tech firms — specifically, platform operators — and their smaller vendors. As measured on an annualized basis, GDP contracted by more than 6 percent.

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