article thumbnail

Missouri’s Cash Tax Payment Ban Proposal Irks Cannabis Firms

PYMNTS

The state of Missouri is reportedly considering a ban on cash tax payments, a move that has raised concerns for local legal marijuana businesses that are struggling to obtain banking services and relying on cash to remain in operation. On a national level, the U.S.

Taxes 101
article thumbnail

When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase

PYMNTS

Sales taxes empower governments to maintain critical public services, but they can also make medical essentials too expensive for those who need them. Campaigns against taxing obligatory items are spreading across the United States, forcing states to rethink their revenue generation decisions. Sales taxes’ price tags.

Taxes 146
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Industry Trade Groups Respond to FHFA Request for Input on PACE Transactions

CFPB Monitor

FHFA describes PACE transactions as being part of residential energy retrofitting programs that are created through special state legislation and result in the financed part of the transaction resulting in a tax assessment on the home, which is a ‘‘super-priority lien’’ over existing and subsequent first mortgages. (As

article thumbnail

Big Tech Compliance Tracker: Google Faces Questions Over Digital Ads; Australian Watchdog Says Facebook’s Proposed Ban On News Sharing Would Be Its Loss

PYMNTS

EU Undecided Whether To Appeal Ruling Upholding Apple’s Irish Tax Breaks . EU Will Implement Digital Tax Next Year Unless Global Rules Pass . The European Union will propose a digital tax in early 2021 if governments don’t reach a worldwide consensus on such taxes for the online era, EU President Ursula von der Leyen said recently. “We

Google 147
article thumbnail

Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

PYMNTS

Missouri seems to be focusing on riverboat casinos and sports fantasy leagues. The state reportedly would impose a $250,000 licensing fee on betting providers, along with a 3 percent tax. percent state tax on sports wagers. Iowa, for instance, is considering letting casinos and racetracks offer on-site and online wagering.