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Is Sales Tax An Anchor On Amazon?

PYMNTS

One of the more long-grumbled complaints in retail is that Amazon and other eCommerce players are able to exploit a loophole that allowed them to mostly avoid charging sales tax. Would collecting sales tax 100 percent of the time take a bit out of Amazon’s bottom line? Recent data suggests — probably not.

Taxes 101
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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109
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Time Tried, Panic Tested. The Forgotten Story of the First National Bank of Keystone

Jeff For Banks

The bank, First National Bank of Keystone, was $1.1 billion in assets, had 87 full-time equivalent employees, and accounted for two-thirds of the town's tax revenue. The Bank's Rise McConnell came to the bank in 1977 from McKeesport, Pennsylvania. And so went the birth of First National Bank of Keystone's meteoric rise.

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Big Tech Compliance Tracker: EU Aims To Have Big Tech Share Data With Smaller Competitors; Banks Oppose Potential Big Tech Banking Charters

PYMNTS

By providing a national servicing platform, the charter would enable those kinds of companies to bypass the process by which they have to collect money transmitter licenses from states. University of Pennsylvania Carey Law School Professor Christopher Yoo had a differing opinion. Banks Oppose Idea Of Possible Big Tech Banking Charters.

Data 229
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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

The first plane hitting the Twin Towers, the second plane, the Pentagon, and then our heroes on Flight 93 crashing into a Pennsylvania field. BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. October 26 is now nationally recognized as BSA/AML Day.)

Training 195
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Widening Borrower Protection’s Scope To SMBs

PYMNTS

When it comes time to apply for financing, he said, it’s often because there’s an emergency – they must make payroll or find cash for an upcoming tax bill, for instance. At this point, these business owners will flock to the most convenient and visible option, which is increasingly becoming digital alternative lending platforms.

Lending 136
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What The Streamlined Sales And Use Tax Agreement Means After Wayfair

PYMNTS

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. . SSUTA’s Role in South Dakota v.

Taxes 141