PYMNTS

SEPTEMBER 15, 2020

Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient. The world needs a FinTech operating system.”. And governments have an incentive to foster growth in debit payments because they want to collect tax revenue on cash transactions.

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System Operations Fintech Taxes 258

PYMNTS

OCTOBER 19, 2020

Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. It is probable that size and market share will be determining factors in who lands on the “Big Tech hit list.”.

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Taxes Compliance Regulation Google 143

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

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. The initiative is potentially harmful to the market,” a spokesman said, as quoted in the Reporter. “It One continuing theme that will play out into the new year (and well beyond): taxes.

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Taxes Regulation Samsung Google 131

PYMNTS

OCTOBER 9, 2018

tax reform on the small business community, but so far, small business owners say the overhauls have made little impact on their hiring practices. “We asked, ‘What effect on your hiring plans has the Tax Cuts and Jobs Act had?' . “We asked, ‘What effect on your hiring plans has the Tax Cuts and Jobs Act had?'”

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Taxes Survey Community Regulation 140

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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Taxes Google Apple Company 128

PYMNTS

MAY 22, 2019

Likewise, small business owners need credit to help them get operations in place to get top lines flowing. As relayed in recent coverage and interviews with Fundbox and Keeper Tax, the needs (and opportunities) are significant. trillion: Value of the small business lending market as estimated by the CFPB.

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Taxes Lending Data Operations 134

PYMNTS

DECEMBER 17, 2018

17) that he wants France to start taxing big tech giants beginning Jan. The idea comes after years of negotiations at the European level, where France and other larger European countries have tried and so far failed to convince smaller countries that tech companies have been taking advantage of the region’s tax structure.

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Taxes Google Apple Meeting 122

PYMNTS

NOVEMBER 16, 2020

Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy. percent to 10 percent.

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Maryland Taxes Online Groups 151

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.

Taxes 123

Taxes Course Company Training 123

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

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.

Taxes 114

Taxes Online South Dakota Retail 114

PYMNTS

FEBRUARY 18, 2020

In today’s top news, Alibaba has made almost $3 billion in loans available for companies hurt by the coronavirus, and Japan’s recent sales tax triggers fears of a recession. Japanese Sales Tax Triggers 6 Pct Economic Contraction. Also, HSBC cuts 35,000 jobs and $100 billion in assets in a streamlining and restructuring effort.

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Taxes Apple Payments Cards 130

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. Do Sales Taxes Really Matter?

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Taxes South Dakota Online US 119

PYMNTS

JANUARY 16, 2019

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. However, the company has been investing more into its cloud operations as of late. million profit upon completion, reports said.

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Operations US Taxes Resources 134

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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Taxes Policies Metro Retail 100

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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Marketing Payments Survey Taxes 116

PYMNTS

AUGUST 9, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. GPS Capital Markets, founded by Al Manbeian and Ryan Gibbon, posts between $20 million and $30 million earnings before interest, taxes, depreciation and amortization (EBITDA), one source told the publication.

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Capital Marketing Utah Taxes 108

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. In the inaugural Tracker, PYMNTS examines the rise of faster payment systems emerging in several global markets like the U.S., Australia and the European Union.

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Taxes Report System blockchain 100

PYMNTS

APRIL 6, 2018

If the deal were to go through, Monex’s chief operating officer, Toshihiko Katsuya, would become the company’s new president. And the jump in bitcoin prices in 2017 has created massive tax liabilities – to the tune of $25 billion, per a research note from Fundstrat Global Advisers , Reuters reported.

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Taxes Bitcoin cryptocurrency US 102

Perficient

JANUARY 7, 2021

They had to change the way they operate with new social distancing guidelines. What about the tax incentives and credits? I remember seeing shoppers wearing gloves and masks as they entered establishments. No one knew what to make of it. At the same time, dealers were closing their doors temporarily to help reduce the spread.

Marketing 309

Marketing Industry Mobile Massachusetts 309

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. A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws.

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Taxes Mobile Management blockchain 101

Chris Skinner

SEPTEMBER 13, 2019

Things we’re reading today include … Deutsche Bank is first to settle bond-rigging lawsuit, amid federal probe Hong Kong’s bourse seeks to snap up the London Stock Exchange Steven Mnuchin begins reforming America’s giant mortgage-guarantee firms Google to pay €1bn to end French tax probe Hong Kong stock market operator … The post (..)

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Taxes Google Operations Marketing 178

PYMNTS

FEBRUARY 13, 2019

In addition, taxes generated by the industry grew by nearly 8 percent last year. And the state’s marijuana taxes, including licenses and fees from dispensaries, were more than $266.5 To date, marijuana tax, license and fee revenue totals for Colorado are over $927 million. billion the previous year.

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Industry Colorado Taxes California 155

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. eCommerce operation. customers, these early figures are pretty exciting. We’re super-happy.

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Marketing US United States South Carolina 198

South State Correspondent

NOVEMBER 29, 2023

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. The data would indicate not marketing to a new customer is a mistake. There is a reason for this.

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Marketing Regional National Nashville 195

PYMNTS

JANUARY 25, 2018

s financial services market is expanding, with FinTechs — dubbed challenger banks — rivaling traditional financial institutions (FIs). The solution provides automated accounting and tax management for its entrepreneur clients. million sole traders that operate in the U.K. Countingup’s launch comes soon after the U.K.

Marketing 109

Marketing Taxes Google Fintech 109

PYMNTS

OCTOBER 3, 2019

sales tax obligations via the company’s sales tax application programming interface (API). Wayfair last year, many online retailers now have to collect sales tax in additional states. ” “ Quill creates rather than resolves market distortions,” Justice Anthony Kennedy wrote in the majority decision. .”

South Dakota 164

South Dakota North Dakota Taxes Retail 164

Jeff For Banks

NOVEMBER 4, 2022

Even though they pay no federal corporate income taxes? But I know of no credit union that pays their employees materially above market wages or has materially better tech than their banking brethren. So why is their profitability in the form of Return on Average Assets ("ROA") noticeably and consistently inferior to banks?

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Operations Analysis Capital Community 78

FluentBanking

JULY 3, 2021

Lenders were able to make a compelling profit through investments in the capital market during the first half of the current year Despite the disruptions caused by the ongoing Covid-19 pandemic, Bangladeshi banks have seen a rise in operating profits within the first six months of this year. There are currently 60 banks in Bangladesh.

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Operations Lending Capital Taxes 52

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

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.

South Dakota 100

South Dakota Taxes Online North Dakota 100

PYMNTS

FEBRUARY 1, 2021

Special purpose acquisition companies, or SPACs , are now eyeing the Asian market for merger deals as they compete to finalize deals before their initial public offerings (IPOs) expire. market for taking private companies public. Funds that have expertise in both companies operating in Asia and how U.S.

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Capital Taxes Operations America 198

PYMNTS

AUGUST 29, 2017

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.

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Marketing Taxes Online Cards 108

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

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 19, 2020

The coronavirus could lead to tens of millions of unemployed workers and could change how businesses operate. ILO Director General Guy Ryder said, per the report, that COVID-19 is no longer just a “global health crisis, it is also a major labor market and economic crisis.” The International Labour Organization (ILO) said as many as 24.7

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Taxes National Retail Report 130