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Indonesia Levies 10 Pct Tax On Sales From Tech Firms

PYMNTS

The Southeast Asian country’s national tax office announced it will impose a 10 percent value-added tax (VAT) on foreign global technology companies as the nation looks for ways to defray the costs of battling the economic effects of the COVID-19 pandemic, Reuters reported. The country’s total budget for 2020 is $177.6

Taxes 141
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Death And Taxes: One Is Becoming Much More Digital

PYMNTS

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.

Taxes 120
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US Supreme Court Gives The Green Light For Online Sales Taxes

PYMNTS

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. Do Sales Taxes Really Matter?

Taxes 119
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Interview: Gary Johnson on How COVID-19 Can Power the Electric Vehicle Market

Perficient

They had to change the way they operate with new social distancing guidelines. What about the tax incentives and credits? Studies show that when you stack up the best-selling EVs against the best selling ICE vehicles, EVs have a lower total cost of ownership. No one knew what to make of it.

Marketing 309
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Italian Shoppers Embrace New Cash-Back Program For Credit Card Payments

PYMNTS

Italian consumers are embracing a new government program aimed at boosting retail sales while tamping down on tax evasion that allows buyers to receive a 10% refund on card payments made in stores. By offering the incentive, they hope to cut down on black market deals and fraud, according to The Financial Times.

Cards 188
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Virtual Cards Help Companies Manage Spend In Real Time

PYMNTS

Most are encouraging employees to work from home while also moving their back-office operations online, and payments operations are no exception. Many are also revamping their B2B payment systems to accommodate this semi-permanent remote work arrangement, driving a surge in digital solution adoption.

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The effects of subsidised flood insurance on real estate markets

BankUnderground

It provides insurers with an option to pass the flood-risk element of their policies on to the reinsurer at a lower fixed price according to property council tax band. In our regression, we interact this flood exposure with a binary variable capturing the time period when Flood Re was operating.