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Big Tech Compliance Tracker: Tencent Says Big Tech Needs Greater Oversight; Group Seeks To Block Maryland Online Ad Tax

PYMNTS

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.

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Many Unemployed Still Waiting For Their First Check

PYMNTS

While many states where workers who receive a 1099 tax form instead or a W-2 and don’t qualify for benefits, the legislation provides cash for those independent contractors. One of the solutions some states, such as New Hampshire and New York, have adopted is to have applicants apply on specific days of the week based on their name.

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Turo Sets Its Sights Overseas With Expansion Into The U.K.

PYMNTS

This month, for example, Maryland passed a bill that requires car-sharing companies to comply with regulations similar to rules for car rental companies, including paying sales tax. Some cities and states are also getting involved. Turo has countersued and the outcome is pending.

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Site Visits Fuel Anticipation For Amazon’s HQ2

PYMNTS

However, the suburbs of Montgomery County, Maryland and Northern Virginia, along with the District of Columbia, have “long been speculated to be frontrunners,” according to the paper. According to The New York Times in August, there are concerns that taxpayers could get stuck with a huge bill to cover those tax breaks and other incentives.

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Regulators Eye P2P Car-Sharing Platforms

PYMNTS

This month, for example, Maryland passed a bill that requires car-sharing companies to comply with regulations similar to rules for car rental companies, including paying sales tax. Some cities and states are also getting involved. Turo has countersued and the outcome is pending.

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Buying into AML risks in real estate

Abrigo

In 2016 when the Panama Papers exposed an international network of offshore entities involved in tax evasion, fraud, and sanction evasion, some of which included real estate holdings, regulations began to change.

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Some Fraudsters Go Low-Tech To Grab Credit Card, Personal Data

PYMNTS

She also submitted a false tax return in 2016, omitting those funds as income. Separately, invoice fraud of course remains popular, as illustrated by a case in Silver Spring, Maryland. The woman, Gina Preble, had stolen from TransWood Carriers by creating what were termed fraudulent “draft checks” that were subsequently paid for.

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