PYMNTS

NOVEMBER 14, 2019

New Jersey’s Department of Labor and Workforce Development claims that Uber owes the state around $650 million in unemployment and disability insurance taxes because it has been wrongly classifying its drivers as independent contractors.

Taxes 142

Taxes NJ New Jersey California 142

PYMNTS

AUGUST 12, 2020

Venezuela may be going forward with a plan to allow the use of the Petro (PTR) cryptocurrency to pay taxes, according to Cointelegraph. Because of the new campaign, Petro’s usage has seen a surge in recent days, according to the report. The software would cost $10.4

Taxes 160

Taxes Bitcoin cryptocurrency New York 160

PYMNTS

NOVEMBER 8, 2018

billion euros for what it contends is helping wealthy people in the country evade taxes. According to a report in Reuters , UBS is facing accusations of laundering the proceeds of tax fraud and illegally going after clients in France. France isn’t the only country investigating allegations that the bank helps clients evade taxes.

Taxes 128

Taxes Fraud New York Community 128

PYMNTS

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. percent rate.

Taxes 122

Taxes Lending National New York 122

PYMNTS

NOVEMBER 6, 2018

Today’s coverage includes the latest European push to tax such companies as Google, Apple, Facebook and Amazon. France’s Finance Minister Wants EU-Wide Digital Tax By Year End. The new tax would apply to Google, Apple, Facebook and Amazon so that they are paying what the government sees as a fairer tax rate in the region.

Taxes 108

Taxes New York City Dallas Virginia 108

PYMNTS

FEBRUARY 15, 2019

In a series of commentaries at the annual shareholder meeting of the Daily Journal, Munger said that some states — including California, Connecticut and New York — have been “stupid” as they have driven wealthier individuals away amid onerous tax and regulatory policies. In addition, some politicians, such as New York Rep.

Taxes 100

Taxes Policies Connecticut New York 100

PYMNTS

AUGUST 21, 2020

To that end, as reported by Bloomberg , several publishers – including The New York Times, CNBC and News Corp., The “Apple tax” – namely, the commission structure – is also the focus of part of an antitrust investigation in the European Union. The ultimate question may be: What price will Apple pay for its Apple tax?

Apple 141

Apple Taxes Video Branding 141

PYMNTS

SEPTEMBER 29, 2020

Bankruptcy filings are surging in New York City with almost 6,000 closures, representing a 40 percent increase, according to Bloomberg , and it's forecasted to keep getting worse. New York's Metropolitan Opera announced cancellations for its entire 2020-21 season, which CNBC called "ominous" for all other performing groups.

New York 224

New York New York City Taxes Community 224

PYMNTS

SEPTEMBER 24, 2019

As commerce has, increasingly, moved into the digital realm, and even the smallest merchants have gone omnichannel, tax policy has evolved as well — although perhaps it may be more apt to say tax policy has scrambled to keep up. Thus far, a bit more than a year after the ruling, tax policy remains fragmented.

Taxes 116

Taxes Retail Online South Dakota 116

PYMNTS

MARCH 20, 2019

The ride-hailing startup launched its road show on Monday (March 18), and sources told Reuters that executives have been meeting with investors in New York for the past two days. California could receive “$1 billion or more” from the capital gains taxes on the IPO’s stock sales. “We percent for the millionaires,” he added. “If

Taxes 101

Taxes CA San Francisco California 101

American Banker

JANUARY 17, 2020

would ensure that taxi drivers don't get taxed on medallion debt that gets forgiven. The bill dovetails with a debt forgiveness plan under development in New York, where hundreds of drivers have filed for bankruptcy. Federal legislation introduced this week by Rep. Gregory Meeks, D-N.Y.,

New York 50

New York Taxes Payments Community Bank 50

PYMNTS

JULY 19, 2018

billion , it is still a more valuable run of commerce activity than Mother’s Day, Father’s Day, Easter and Valentine’s Day combined — which is why state tax holidays placed at the end of July and beginning of August have become so very popular over the last two decades. How Tax Holidays Work. Do Tax Holidays Work? .

Taxes 101

Taxes Trends Massachusetts Louisiana 101

PYMNTS

JANUARY 16, 2020

A New York City-appointed panel is seeking a $500 million bailout to help taxi drivers trapped in unscrupulous medallion loans, The New York Times reported on Wednesday (Jan. 17) that would relieve medallion owners from tax liability for debt forgiveness. “We

New York City 178

New York City New York Taxes Analysis 178

PYMNTS

DECEMBER 27, 2019

It’s the end of a short holiday workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. 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. .

Taxes 101

Taxes Mobile Management blockchain 101

PYMNTS

JANUARY 11, 2021

There were around 13 million defunct accounts that accidentally received stimulus check payments by the IRS , which the agency is now attempting to get to their right places, according to The New York Times on Sunday (Jan. The tax-prep companies say they're working to help the IRS resolve the issue.

Payments 161

Payments Taxes New York Company 161

PYMNTS

DECEMBER 29, 2020

And the Indian government is mulling an 18 percent goods and services tax (GST) for bitcoin transactions, the Times of India reported. A finance ministry division, The Central Economic Intelligence Bureau (CEIB), introduced the idea to the Central Board of Indirect Taxes and Customs (CBIC). In other news, GMO Internet Inc.

Bitcoin 233

Bitcoin Taxes New York Report 233

PYMNTS

DECEMBER 16, 2020

news publishers, including The New York Times , The Washington Post , NPR , ESPN , Bloomberg and others, have now joined the Coalition for App Fairness , according to a report from 9to5Mac , with the intent to protest the “ Apple tax.”.

Apple 181

Apple Groups US Taxes 181

PYMNTS

JANUARY 19, 2017

This week’s announcement is an expansion of the program, which is now available in New York City, Boston, Chicago, Washington, D.C., San Francisco, Philadelphia, Las Vegas, Denver, Atlanta, Miami, Los Angeles, San Diego, Seattle and New Jersey. However there are still some parameters that riders need to take into account.

Taxes 100

Taxes Las Vegas San Diego Los Angeles 100

PopularBank

OCTOBER 28, 2020

Popular”) (NASDAQ: BPOP), bank holding company of Popular Bank, today announced Popular Bank’s strategic realignment of its New York Metro branch network. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc. About Popular, Inc.

Puerto Rico 52

Puerto Rico New York Metro Community 52

PYMNTS

FEBRUARY 3, 2020

Daya Shankar Kushwaha was arrested by tax officers in New Delhi for allegedly using fake invoices worth over Rs 1,200 crore to get tax benefits, according to reports on Monday (Feb. Kushwaha reportedly used fraudulent Input Tax Credit (ITC) of Rs 124 crore. .

Taxes 132

Taxes New York Fraud Report 132

PYMNTS

MARCH 2, 2020

As the leader in DIY taxes, TurboTax has been dealing with escalating competition from Credit Karma, which is now a leading financial app among younger customers. Credit Karma started offering a free tax filing service in 2017. Credit Karma’s tax filing market share is growing at a rate of 3 percent.

Taxes 130

Taxes Miami Software New York 130

PYMNTS

JANUARY 7, 2019

Two politicians traveled to New York to warn the city about the troubles Amazon’s headquarters brought to Seattle, according to a report in Bloomberg. ” Mosqueda went on to say that New York should act quickly and create new taxes to collect the revenue they’ll need to make sure housing stays affordable.

Seattle 131

Seattle New York Taxes Retail 131

PYMNTS

JANUARY 4, 2019

A New York State politician announced the creation of what he called the nation’s first cryptocurrency task force, to “study how to properly regulate, define and use” the currency, according to a Facebook post and reports.

cryptocurrency 163

cryptocurrency New York New York City Study 163

PYMNTS

FEBRUARY 21, 2020

New York Attorney General Letitia James announced plans to sue New York City for allegedly fraudulent practices by its Taxi and Limousine Commission (TLC), according to reports on Thursday (Feb. She’s alleging the city profited by that same amount selling medallions and by collecting a 5% tax on third-party transfers.

Fraud 223

Fraud New York City New York Taxes 223

PYMNTS

JANUARY 7, 2020

China’s Guangdong province has launched a blockchain financing platform for small and medium-sized businesses, backed by OneConnect , a Chinese FinTech recently listed on the New York Stock Exchange, according to a press release. . In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding.

Bitcoin 132

Bitcoin blockchain Taxes Austin 132

PYMNTS

APRIL 30, 2019

A venure that would make it easier for consumers to pay for purchases in bitcoin is applying for a license from New York state regulators. But the Wall Street Journal said the move will further delay Bakkt’s launch since the process for approval from New York could take six months or more.

Bitcoin 134

Bitcoin Taxes New York Oklahoma 134

PYMNTS

JULY 15, 2019

With a liquidity crunch brought on by a rise in rent at its flagship in New York City, Barneys New York is reportedly preparing for a bankruptcy filing. According to previous reports from the outlet, that nearly wiped out earnings prior to tax, interest, amortization and depreciation.

New York City 109

New York City New York Retail Taxes 109

PYMNTS

JANUARY 16, 2020

billion merger deal with Switzerland’s tourism shopping tax refund company Global Blue , earning it a listing on the New York Stock Exchange (NYSE), the companies announced Thursday (Jan. Global Blue runs airport kiosks and storefronts that enable shoppers to get sales tax refunds when they return home.

Taxes 130

Taxes New York Virginia Leadership 130

PYMNTS

DECEMBER 11, 2020

New York City's famous FAO Schwartz store will be listed on Airbnb for someone to stay in for a night on Dec. The booking will only be available for one New York City family of four, all living under the same roof, for just $25 plus taxes. 21 this year, Radio.com reports.

New York City 216

New York City New York Taxes Report 216

PYMNTS

DECEMBER 8, 2019

Amazon said it is taking the space in the property, which is being redeveloped, without any of the special tax credits it had been offered previously. And New York City still retains that attraction.”. The eCommerce giant has signed a lease for 335,000 square feet at 410 Tenth Ave. Facebook signed a lease for a 1.5

New York City 131

New York City New York Google social media 131

PYMNTS

DECEMBER 5, 2018

The poll surveyed 1,075 New York City registered voters, with a margin of error of plus or minus 3.8 billion in tax breaks and incentives offered to Amazon to come to Queens, 46 percent said they are in support and 44 percent said they oppose the idea. percentage points. When it came to the issue of the $2.8

Arlington 100

Arlington New York New York City Taxes 100

PYMNTS

SEPTEMBER 8, 2020

The tax situation can also improve for individuals and their employers alike as workers move to leafier, suburban locales. For example, in New York state, the top marginal income tax rate is nearly 9 percent, plus another 3 percent in New York City. Other states, like Florida, may have no state income tax.

Taxes 170

Taxes Los Angeles New York City New York 170

PYMNTS

AUGUST 17, 2020

It collects taxes, administers tax law and policy and oversees charities. As a result of the breach, the CRA said more than 11,000 of 12 million personal accounts were compromised, including online portals accessing tax payer data and COVID-19 relief programs. The CRA plays multiple roles. 19), officials told CNN.

Cyber Security 163

Cyber Security Taxes Survey New York 163

PYMNTS

MAY 5, 2019

The calls, which came in the form of letters sent to the IRS and FTC from presidential hopefuls Senator Elizabeth Warren and Bernie Sanders among other lawmakers, stem from allegations the companies didn’t promote free government tax preparation options to customers, reported CNBC. TaxSlayer, FreeTaxUSA, and 1040.com

Taxes 108

Taxes New York Software Online 108

PYMNTS

DECEMBER 15, 2020

The fees are outrageous,” said Nick Sanford, owner of Toss ‘n Fire Pizza locations in Syracuse, New York. “We Apply the local sales tax and the new total is $48.07. Customers using DoorDash also have the option to leave a tip for the courier – say, $9, for a new total of $65.36. will go to taxes, $8.29

California 227

California New York Taxes Illinois 227

PYMNTS

JANUARY 18, 2021

This week's B2B Data Digest takes a look at the numbers behind the latest instances of fraud, including fraudulent invoices, corporate tax scams and more. $19 Reports in Boss Hunting said two brothers based in New York are accused of committing fraud with the eCommerce conglomerate by posing as a legitimate B2B wholesaler. .

Community 219

Community Fraud Taxes Massachusetts 219

PYMNTS

JANUARY 18, 2021

The New York Times reported that remote work has meant many San Franciscans have fled the Bay area. At the same time, sales tax receipts in the downtown’s retail, hotel and business districts fell more than 70 percent in the second quarter last year compared with the same period in 2019, Bloomberg reported.

San Francisco 141

San Francisco Taxes New York California 141