PYMNTS

AUGUST 27, 2019

The Australian government is preparing a strategy to combat tax dodging among small businesses amounting to an estimated $11 billion in missing tax payments, News.com.au billion small business “tax gap” — the difference between income tax collected and what small businesses actually owed. reported Monday (Aug.

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PYMNTS

APRIL 10, 2019

One of the largest challenges for procurement chiefs today, according to Sovos VP of Strategy Christiaan Van Der Valk, is tax compliance, and it can easily trip up organizations as regulations become more complex — and as regulators’ strategies to ensure tax compliance become more sophisticated.

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PYMNTS

NOVEMBER 15, 2018

million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.”. billion in taxes last year on nearly $13 billion in revenue from legal cannabis companies. Most of these companies were forced to pay their federal taxes in cash because about 70 percent of all legal cannabis businesses are unbanked.

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PYMNTS

JANUARY 17, 2020

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.”.

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PYMNTS

APRIL 1, 2019

California is gearing up to get a tax windfall from all the initial public offerings of California companies slated for this year. According to a report in The Wall Street Journal , close to 10 percent of the tax revenue for the state in the coming fiscal year will come from capital gains. billion in tax revenue.

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South State Correspondent

MAY 4, 2022

Market Awaits FOMC Decision and Powell’s Comments. As we said on Monday, if recent history is any guide, expect Powell to sound more hawkish than the market expects. Powell will certainly let the market know those numbers and whether those reductions will begin this month or in June. – – – 3.06.

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PYMNTS

JULY 7, 2020

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

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PYMNTS

JANUARY 3, 2019

3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. company to pay state taxes in bitcoin. state to offer this way of paying for business taxes, noted Overstock in the press release. “We Overstock , the online retailer and blockchain company, announced Thursday (Jan.

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PYMNTS

NOVEMBER 16, 2018

Cloud accounting software firm Xero is broadening its reach in the small business tax filing space through an acquisition of Instafile. based Instafile to integrate its cloud-based tax preparation and filing solution. The company connects accountants, bookkeepers and small businesses to tax authorities to maintain compliance.

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TheGuardian

AUGUST 9, 2023

Apparent backtrack to fifth of level of assets analysts had estimated follows fall in shares on Tuesday Business live – latest updates Italy has watered down its new windfall tax on banks and set a cap on payouts, after the surprise levy spooked investors and sent shares in local lenders plunging.

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PYMNTS

JANUARY 21, 2020

To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of course). Under rules governing “other income,” a 20 percent rate is levied on 40 percent of total other income; the remaining 60 percent can be tax-deductible. Tax Policy Still Fluid.

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PYMNTS

MARCH 6, 2019

EY announced in a press release this week that its new crypto accounting tool targets the tax preparation process. The CAAT solution automates data collection and automatically generates reports for visibility and analytics, while supporting IRS tax return preparation.

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Perficient

DECEMBER 1, 2022

Across industries, so much of marketing effectively comes down to timing — appealing to the right person, at the right place, at the right time. Timing for marketing financial services and products as a financial advisor is especially crucial, as many financial needs follow the timeline of milestones in an individual’s life.

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PYMNTS

SEPTEMBER 4, 2019

Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. States can now tax sales by companies that do not have a physical presence within the state. Will this increasingly regulated online sales tax environment affect this growth? Online Sales Tax and Marketplaces.

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PYMNTS

SEPTEMBER 3, 2019

Merchants working to expand and sell online in more markets must comply with each market’s local sales tax regulations, however, and that is an increasingly complicated task. Levy laws can vary widely between states, with one state taxing a product that another does not, for example. There are already more than 2.5

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Taxes South Dakota Online Report 133

PYMNTS

NOVEMBER 25, 2019

Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports , be levied on revenues tied to Czech users across advertising, digital marketplaces and data sales.

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PYMNTS

AUGUST 7, 2019

And it pointed out that the lack of hard transaction information that encompasses off- and on-chain activity makes for a partial view of the market for digital assets. Ted Budd (NC) has reintroduced the Virtual Value Tax Fix Act, Coindesk reported. In other news, U.S.

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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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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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BankBazaar

APRIL 11, 2021

Got a big tax refund? We all dread that time of the year when we have to file our Income Tax returns. All those calculations and figuring out which section of the Income Tax Act to claim refunds under can get pretty complicated, we admit. But think of the time when you get a sudden windfall as a sizeable tax refund.

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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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PYMNTS

JULY 13, 2020

South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. Abra, which works by letting users bet on price movements of listed U.S.

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Independent Banker

DECEMBER 31, 2021

To satisfy the banking needs of some commercial and high-net-worth clients, some community banks provide trust and tax strategy services. For some banks, those services include specialty trust and tax strategy services. is one community bank that offers a wide range of trust and tax services. By Don Sadler.

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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

FEBRUARY 10, 2019

Jay Clayton, chairman of the SEC, has said he doesn’t see that happening until worries about market manipulation are addressed. In other news, New Hampshire is considering a law that would allow residents to pay their taxes with cryptocurrency. Carol McGuide, who is serving on the subcommittee.

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PYMNTS

JANUARY 8, 2019

Stocks in Mexico rose on the news that the country’s government would cut the tax rate for equity IPOs, and allow private pension funds the chance to invest in more instruments. The tax rate for new equity will get slashed to 10 percent from 30 percent. Financial Times reported that Mexico’s IPC stock index was trading at 1.6

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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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ABA Community Banking

SEPTEMBER 1, 2021

The Treasury Department’s Community Development Financial Institutions Fund today announced the recipients of $5 billion in new markets tax credits to spur investment in low-income urban and rural communities. The post Treasury Announces New Markets Tax Credit Recipients appeared first on ABA Banking Journal.

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Taxes Marketing Community Community Bank 52

PYMNTS

FEBRUARY 18, 2020

The coronavirus outbreak has pushed Japan to the brink of a recession as tourism slides and spending drops in response to a sales tax hike, The Wall Street Journal (WSJ) reported on Monday (Feb. A dip in private consumption was blamed on the hike in the national sales tax to 10 percent on Oct. percent contraction. 1 from 8 percent.

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Taxes Security National Industry 130

PYMNTS

JULY 31, 2019

Albania has announced it will implement a new online billing system to prevent businesses from circumventing tax payments and to boost revenue in the country, according to a report by Reuters. The minister said that 1,600 hotels on a booking site were not registered with the proper tax authorities.

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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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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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TheGuardian

JUNE 1, 2021

EU forecast to reap extra €50bn per year with UK expected to gain €200m from BP alone A proposal to be tabled by the US president, Joe Biden, at the upcoming G7 meeting for a 15% global corporate tax rate could reap the EU €50bn (£43bn) a year, and earn the UK nearly €200m extra alone from the British multinational BP, according to research.

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PYMNTS

MAY 22, 2019

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. 20 percent: Keeper Tax’s estimate of gig workers’ tax “overpayment.”.

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PYMNTS

NOVEMBER 7, 2019

The tax man looms across state and international borders, searching for digitally derived dollars due — scanning sites, platforms and even pop-up stores. For retailers and other firms, there’s the persistent lure of broadened reach into new markets. That means they must navigate tax collection nuances. Wayfair, Inc. ,

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SWBC's LenderHub

JUNE 17, 2021

The municipal bond market took a wild ride in the first half of the year to near-historic levels of richness versus Treasuries that is rarely seen, and the environment is ripe for the second half of the year to take it even further.

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