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JANUARY 29, 2019

Paying business taxes is a key source of friction for many legal marijuana companies in the nation, particularly for companies that operate on a cash-only basis. Under the state’s tax rules, prescription drug sales are exempt from gross receipt taxes. Last November, reports said the U.S.

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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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OCTOBER 14, 2019

Italy is preparing to tax digital companies to help fund its 2020 budget as it seeks different revenue streams to avoid a scheduled sales tax hike, sources told Reuters on Monday (Oct. Companies with annual global revenues of $827 million and digital services of $6 million in Italy will be subject to the tax.

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MARCH 12, 2019

Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. Reuters reported that Chip Harter, the U.S. Australia is planning a similar tax plan as well. The United States opposes any digital services tax proposals, whether they be French or U.K.,”

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NOVEMBER 11, 2019

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.

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MAY 28, 2020

Bitcoin transaction fees are simmering back down to ordinary levels after a heavy wave of them in early May, reports suggest. Earlier in the month, they had hit a high of around 201 BTC on May 21, reports from blockchain intelligence firm Glassnode say. The transaction fees are now around 80 BTC paid to miners on Tuesday (May 26).

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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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FEBRUARY 7, 2019

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative.

Taxes 122

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SEPTEMBER 30, 2019

Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. In one example, Indonesia is “already preparing legislation” that would require tech companies with online services to pay value-added tax on local sales, the report noted. Libra, Too.

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Taxes Regulation cryptocurrency Google 133

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JUNE 5, 2020

Citi ‘s Treasury and Trade Solutions (TTS) customers have increased their utilization of the firm’s digital banking technology, while firms globally implemented continuity plans and telecommuting to stay in operation amid the pandemic. million this March from 3.7 million in the same month last year.

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OCTOBER 11, 2019

But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes. When [eCommerce companies] can’t get through the language barrier, the outcome is large-scale tax evasion, whether through ignorance, or whether through deliberate actions across the world.”.

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JULY 19, 2018

According to the National Retail Federation , as of last year parents entered August with about 45 percent of their back-to-school shopping done. This year 17 states will have sales tax holidays of one form or another — up from 16 last year, but down from the national high of 20 states in 2010. How Tax Holidays Work.

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JUNE 19, 2018

Kenya’s biggest mobile phone operator, Safaricom , is against a proposed tax rise on mobile phone-based cash transfers. But Safaricom’s CFO Sateesh Kamath said the tax hike would only serve to discourage the drive towards modern payments systems. The proposed tax increases also included a new “Robin Hood” tax of 0.05

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APRIL 18, 2016

In what might be a blow to taxpayers seeking help on the fly, the Internal Revenue Service is mulling the idea of disallowing walk-in visits by people seeking help on their taxes or those simply looking to make payments in person, WTOP reported on Friday (April 15). This is a pilot program under consideration, said Olson.

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MARCH 19, 2020

The coronavirus could lead to tens of millions of unemployed workers and could change how businesses operate. million jobs could be lost around the world because of COVID-19, the disease caused by the coronavirus, CNBC reported. It’s hard to see how HMRC could say no to a request to cease some tax payments,” he noted, per the report.

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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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JULY 26, 2016

For others, however, entire national economies can be affected. According to the UN Conference on Trade and Development (UNCTAD), that’s exactly what’s happening in some developing nations, in which invoice errors across Africa and South America are leading to the loss of up to two-thirds of commodity export value.

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MARCH 5, 2018

Amazon, according to its in-nation general manager, is eyeing an expansion into grocery delivery in France — a part of its global push on food retail, though it has no immediate plans. The news follows reports that French supermarket operator Système U is discussing a possible grocery supply deal with Amazon.

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MAY 22, 2020

CNBC reported these independent contractors who borrowed from the PPP face the prospect of not getting the balance forgiven. The measure limits independent contractors and the self-employed to borrow up to two months of their pay based on their 2019 income tax return or $15,385, whichever is less, toward forgiveness.

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Ohio Taxes Guidelines California 248

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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. . Trackers and Reports. A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws. Colombia Blocks Uber From Using Its Ride-Hailing App.

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Taxes Mobile Management blockchain 101

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DECEMBER 23, 2019

Egypt is readying an electronic invoicing mandate for consumers to pay their taxes, an initiative that reports said will eventually expand to standardize invoicing in government procurement processes. Reports in Zawya on Monday (Dec. Reports in Zawya on Monday (Dec. That effort also aims to go live in 2020, reports said.

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Taxes Conference System Mobile 130

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MAY 19, 2020

BlockFi suffered a “temporary data breach” on May 14 that exposed some customer information, the company reported in an incident report. In other news, the government of Iran is aiming to limit digital currency exchanges with so-called “currency smuggling” regulations, CoinDesk reported.

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Data Bitcoin cryptocurrency Taxes 212

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SEPTEMBER 9, 2020

Luno, which is headed by Co-Founder and CEO Marcus Swanepoel , has over 5 million worldwide clients covering more than 40 nations and almost 400 staffers, according to the announcement. In August, a large share of a group of mayors inked a deal to take payment for taxes through the country’s digital currency.

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Groups Bitcoin blockchain cryptocurrency 151

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MAY 1, 2020

The company takes a cut as high as 35 percent in addition to VAT (value-added tax) on select orders, which means many restaurant owners are left with not a lot of funds to handle their expenditures, CNBC reported. The layoffs are reportedly occurring throughout multiple European nations.

National 142

National Taxes Report Operations 142

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FEBRUARY 20, 2020

Earlier this week, Japan ’s cabinet proposed a bill that seeks to, as reported by the country’s national daily, The Mainichi , “improve contract transparency” for deals struck by Big Tech firms — specifically, platform operators — and their smaller vendors. percent, and the first drop seen in five quarters.

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Taxes Google Apple United States 178

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MAY 19, 2020

The Security Service of Ukraine is reportedly holding a hacker for allegedly selling a database with 773 million email addresses and 21 million unique passwords, CoinDesk reported. Meanwhile, BlockFi suffered a “temporary data breach” on May 14 that exposed some customer information, the company reported in an incident report.

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Bitcoin cryptocurrency Taxes Security 148

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APRIL 30, 2018

National Small Business Week is this week in the U.S., But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. and finance experts are celebrating with new data on the state of the entrepreneurial community.

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Taxes America National Community 144

PYMNTS

NOVEMBER 21, 2018

Analysts estimate the South African government has lost a total of about $37 billion as a result of misinvoicing in its global trade operations. Reports this week in South African publication the Daily Maverick said think tank Global Financial Integrity (GFI) has calculated the South African government lost about $7.4

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Taxes National Report Data 122

PYMNTS

MARCH 15, 2019

Some of the largest global financial institutions are taking steps further into Mexico’s small business lending and finance space, the result of heightened competitive pressure imposed by FinTechs and alternative lenders in the market, reports in the Wall Street Journal said Thursday (March 14). ”

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Lending Fintech National Taxes 189

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DECEMBER 20, 2017

Reuters, citing the FATF, reported that in addition to failing to punish money launderers, Mexico’s tax authorities aren’t regulating money from real estate and luxury goods firms, which are just a front for drug operations. The report is slated to be published in early January. percent rate.

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JANUARY 5, 2020

India’s state-owned banks are going through changes that could mean an overhaul in business lending, The Economic Times (ET) reported on Friday (Jan. For decades, public sector undertaking (PSU) banks have largely been responsible for handling the working capital loans that many firms need for daily operations.

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Lending Capital National Taxes 130

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SEPTEMBER 16, 2020

Kohl’s said it foresees costs of roughly $23 million before tax for the actions, most of which will be registered in Q3 of this year. Kohl’s reported in August that its digital sales jumped 58 percent in Q2 compared to the prior year, as net sales dropped 23 percent amid COVID-19. Securities and Exchange Commission (SEC).

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Taxes National Report Security 130

PYMNTS

MAY 22, 2019

Reuters , citing Laxmi Prapanna Niroula, a spokesman for the Nepal Rastra Bank, reported that the two digital payment services are not registered with the central bank in Nepal and are therefore illegal. ” Individuals found guilty of embezzling foreign exchange could face jail time of as much as three years, noted the report.

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Taxes Regulation Payments System 158

PYMNTS

OCTOBER 8, 2019

Coin Telegraph reported that Token Analyst found that almost 1.2 Court filings show that Cotten and his wife Jennifer Robertson “incurred significant personal, living and travel-related expenses” before his death last year, Bloomberg reported. QuadrigaCX Founder Gerald Cotten wasn’t as wealthy as many assumed at the time of his death.

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Bitcoin Taxes cryptocurrency Innovation 181

PYMNTS

JULY 27, 2018

intelligence experts are warning of the risks of major cyberattacks on the technology operating throughout businesses’ supply chains, according to BBC reports Thursday (July 26), raising alarms for enterprises that increasingly rely on software to function and interact with their business partners. A report by the U.S.

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Community US Software National 104

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AUGUST 3, 2020

HSBC, Europe’s biggest bank, has seen its profits plunge in the first six months of 2020, squeezed by low interest rates and the COVD-19 pandemic, The Telegraph reported. Pre-tax profits fell to $4.3 billion, nearly two-thirds lower than a year earlier, while its European operations suffered a $3.1

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Taxes Report National US 141

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NOVEMBER 9, 2017

According to reports in CNN Money on Wednesday (Nov. One small business owner, factory operator Vinod Gupta, told CNN Money “it’s been a terrible year.”. India’s small- and medium-sized businesses (SMBs) have had a rough ride since the government’s surprise demonetization initiative went into effect a year ago.

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