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Indonesia Levies 10 Pct Tax On Sales From Tech Firms

PYMNTS

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

Taxes 141
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The Strange Spending Trends Around Sales Tax Holidays

PYMNTS

According to the National Retail Federation , as of last year parents entered August with about 45 percent of their back-to-school shopping done. Retailers have reason to want to tap into it because back-to-school shopping is an incredibly valuable run of commerce activity. How Tax Holidays Work. That spend is big spend.

Taxes 101
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Decoding QR Codes: Retailers Embrace Simple, Secure Touchless Payments Option

PYMNTS

In the inaugural QR Code Payments Tracker® , PYMNTS explores the latest in the world of QR codes, including new implementations at retailers and payment providers, the security concerns facing this payment method, and the pandemic’s effect on the development and rollout of QR code-enabled payment options. Retail Environment.

Retail 207
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National Restaurant Association Framework Aims To Close Gap Between Restaurants And Aggregators

PYMNTS

16), the National Restaurant Association offered up seven public policy tenets that – in collaboration with delivery aggregators – are being billed as a “framework” for the delivery industry. The study found that 76.7 With data sharing, to boot. To that end, as reported on Wednesday (Dec. percent and 37.6

National 160
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CRE risk management: Navigating hazards and opportunities

Abrigo

Use portfolio risk management tools, which make it easier to continue supporting local and national economies prudently. For example, a recent study found that trips to central business districts in large cities have plateaued at about 60% of pre-pandemic levels, while those in smaller towns have fully bounced back.

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Why Target Is Better For Home Price Than Walmart

PYMNTS

Which retail store do you live closer to — Target or Walmart? Fortune shares that a new report from online real estate company RealtyTrac analyzed the value (including appreciation and property taxes) of homes located in U.S. The answer could affect the worth of your home.

Study 100
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Consumer Spending, SMB Optimism On The Decline

PYMNTS

Part of the reason for the potential slowdown is that taxpayers won’t be getting the boost in take-home pay many got last year, as a new tax law went into effect recently. Less money coming in means less spending at businesses that rely on consumers for revenue, like restaurants, retailers and those in the service industry. percent.