PYMNTS

SEPTEMBER 4, 2019

Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. States can now tax sales by companies that do not have a physical presence within the state. Will this increasingly regulated online sales tax environment affect this growth? Online Sales Tax and Marketplaces.

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Taxes Online South Dakota Louisiana 129

PYMNTS

SEPTEMBER 3, 2019

Merchants working to expand and sell online in more markets must comply with each market’s local sales tax regulations, however, and that is an increasingly complicated task. Levy laws can vary widely between states, with one state taxing a product that another does not, for example. Around The Next-Gen Sales Tax World.

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Taxes South Dakota Online Report 133

PYMNTS

JANUARY 17, 2020

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment of tax issues. Taxing Confusion. billion in 2022.”.

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Taxes Online Policies Philadelphia 132

PYMNTS

OCTOBER 19, 2020

Regulation. Keijzer serves as the state secretary for economic affairs and climate policy for the Netherlands, while O is the secretary of digital transition and electronic communications for France. The new regulations would also reshape the manner in which these companies collect and harness information.

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Taxes Compliance Regulation Google 143

BankUnderground

OCTOBER 26, 2021

The Bank of England co-organised a ‘ History and Policy Making Conference ‘ in late 2020. History offers policymakers and academics useful case studies that can serve as distant mirrors beyond the study of crises and policy responses to them. Monetary theory and policy in Medieval France. Nathan Sussman.

Policies 108

Policies Taxes Maine National 108

Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets – Perficient Blogs. Crypto Conference.

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

PYMNTS

SEPTEMBER 28, 2020

Regulations. SocialMediaToday reported that in early September, an EU “privacy regulator … sent Facebook a preliminary order to suspend data transfers to the U.S. Canadian Lawmakers Want Big Tech to Pay for Content, Taxes . EU Renews Demand for Back Taxes on Apple’s Ireland Ops. billion back-tax bill in Ireland.

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Taxes Compliance Illinois Las Vegas 162

PYMNTS

OCTOBER 28, 2019

Wayfair case that allowed states and individual cities to launch tax policies aimed at remote sellers and marketplaces is still reverberating in 2019 and will likely affect online retail in 2020. In Q3 2019, 14 states started collected online sales tax and 11 more followed in October. eBay Makes a Deal.

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Taxes Online San Jose South Carolina 102

PYMNTS

FEBRUARY 10, 2019

Karan Bhatia, vice president of global public policy and government relations at Google, said there should be common rules when it comes to regulating technology on a global basis. To date, the countries have cobbled together their own regulation — but there hasn’t been one international approach.

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Policies Google Regulation California 122

PYMNTS

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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Taxes Course Company Training 123

PYMNTS

SEPTEMBER 24, 2019

Bank of Japan Head Haruhiko Kuroda spoke to business leaders in Osaka about the importance of having a coordinated global plan to regulate Libra and other cryptocurrencies, Reuters reported on Tuesday (Sept. He urged policymakers to ensure that the highest level of regulation is applied to such assets.

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Regulation social media cryptocurrency Policies 108

PYMNTS

JANUARY 21, 2019

Her term ends in October, so she’s working a report that will lead competition policies in the digital era, according to a report by the AP. Feedback has been collected from companies, experts and business groups that show the need for more regulation, and her report — which is scheduled to be released in March — will reflect that need.

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Policies Report Apple Google 147

PYMNTS

APRIL 12, 2016

China has some new taxes on goods imported through eCommerce sites, though it has also removed some duties that had previously been assessed. Food will now import at a higher duty price; previously the tax was 10 percent. Instead, it will wipe out those companies that were only seeking a policy loophole and operating in a gray zone.”.

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Taxes Policies Metro Retail 100

PYMNTS

AUGUST 28, 2019

And the United Kingdom’s National Liberal Party (NLP) has posted what it believes is the only coherent policy regarding cryptocurrencies. The current policy is a non-policy. If a voluntary fund cannot be established, a transactional tax should be imposed to fund the initiative.”.

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Policies National cryptocurrency Bitcoin 116

PYMNTS

SEPTEMBER 12, 2019

Facebook’s Libra project has renewed focus on how cryptocurrencies are regulated, with current rules on the sector patchy and varying from country to country. In July, cryptocurrency exchange IDEX officially ended a policy under which users could remain anonymous while trading up to $5,000. The drivers of AML initiatives in the U.S.

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cryptocurrency Regulation Compliance blockchain 116

PYMNTS

SEPTEMBER 9, 2016

Facebook’s WhatsApp, Apple’s FaceTime and Skype are all on the European Commission’s list, which would include tightening security regulations. Regulatory changes are anticipated to include how security breaches are reported, as well as backup plan maintenance and other service policies.

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Regulation Policies Apple Security 100

PYMNTS

JANUARY 26, 2018

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride.

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Bitcoin Taxes cryptocurrency Regulation 123

PYMNTS

FEBRUARY 12, 2019

Govindacharya have asked lawmakers in India to call leaders of Google and Facebook to the country to ask them about data privacy and their compliance on tax laws, according to a report from Reuters. Some firms, Reuters reported, are taking another look at their policies and making changes to combat misinformation before voting begins.

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Taxes Google social media Groups 108

TheGuardian

SEPTEMBER 7, 2022

Kwarteng, who previously led the business department, told 14 executives from City firms, including HSBC, NatWest and Barclays, that the government was pursuing “unashamedly pro-growth” policies that would involve slashing taxes and regulations, while creating the right conditions for investment and innovation.

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Policies Taxes Meeting Regulation 98

Chris Skinner

JUNE 2, 2017

The race to become Islamic banking’s fintech hub The super-rich are different: they pay less tax. The post Things worth reading: 2nd June 2017 appeared first on Chris Skinner's blog.

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Policies Community Bank Taxes Regulation 185

TheGuardian

NOVEMBER 28, 2023

CEO Charlie Nunn calls for measures such a windfall tax to be ruled out before next general election The chief executive of Lloyds Banking Group has fired a warning shot at UK policymakers, saying measures such as a windfall tax on banks should be ruled out before what is expected to be a hard-fought election year.

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Taxes Groups Regulation Policies 102

PYMNTS

JANUARY 19, 2021

MEPs will be sending invitations directly to the four biggest tech platforms — Google, Amazon, Facebook and Apple — for a virtual hearing about tax and competition policy, the sources told FT. DMA draft regulations would compel Big Tech platforms to allow third-party software firms to use their platforms and services.

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Taxes Apple Google Regulation 153

PYMNTS

MARCH 1, 2020

s audit regulator, announced plans this week to break up the dominance of the largest four accounting firms, Deloitte, EY, KPMG and PwC , according to the Financial Times. The regulator issued letters to those firms, known as the Big Four, Thursday. The Financial Reporting Council (FRC), the U.K.’s

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Regulation Taxes Industry Policies 230

PYMNTS

OCTOBER 25, 2019

tax laws, and some businesses and public sector stakeholders are now pushing back. The case ushered in a wave of state- and municipality-issued economic nexus laws that tax remote sellers based on economic activity rather than physical presence. The 2018 South Dakota v. Wayfair ruling paved the way for broadened U.S.

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Taxes South Dakota Policies Compliance 100

PYMNTS

DECEMBER 19, 2019

A number of Chinese tech companies were ordered to clean up policies on the way their apps deal with user information or face penalties, according to an Associated Press report on Thursday (Dec. In other recent crackdowns by China’s Communist authorities, companies have faced increasingly steep control and regulation by the government.

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PYMNTS

DECEMBER 2, 2019

These groups also face a common small- to medium-sized business (SMB) challenge — needing to track every transaction to prove fiscal responsibility to donors and regulators. million tax-exempt groups active in the U.S., according to the latest figures from the IRS, which monitors and regulates such organizations.

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Management Taxes Groups Regulation 141

Abrigo

JUNE 10, 2020

The Bank did not begin to address its deficient policies and procedures for monitoring transactions and generating alerts until June 2014, when questions from the OCC and reports from an internal complainant caused the Bank’s Chief Risk Officer to retain outside counsel to investigate the Bank’s practices,” it said. Get adequate resources.

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Resources Regulation Compliance Policies 195

PYMNTS

NOVEMBER 27, 2018

“In harnessing the potentials of the new economy, we shall promote the production of a comprehensive policy on blockchain technology and cryptocurrencies by the relevant government agencies,” he said. Abubakar added that regulation will “provide clarity” and allow for jobs and income for Nigeria.

blockchain 193

blockchain cryptocurrency Bitcoin Ohio 193

Abrigo

MARCH 4, 2020

Cannabis Related Businesses (CRBs) should be analyzed even more carefully within your institution's risk assessment and the decision to bank or not to bank CRBs should be clearly stated in your BSA/AML Policy. Within the policy, it should also state which types of CRBs you're willing to bank, i.e., hemp only, limited to indirect CRBs, etc.

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Resources Policies Regulation Taxes 195

CFPB Monitor

OCTOBER 20, 2021

A group of 96 organizations and individuals, who describe themselves as consisting of “consumer, labor, civil rights, legal services, faith, community and financial organizations and academics,” have sent a letter to the CFPB urging the Bureau to regulate fee-based earned wage access (EWA) products as credit subject to the Truth in Lending Act.

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Regulation Groups Analysis Lending 78

PYMNTS

MAY 21, 2019

But as Reuters reports , when the next CEO takes the reins, he or she will be required to do everything from submit fingerprints to offer up tax documents, and will generally face a “vetting process that could rival that of top government officials.”. Allen Parker is interim head of the company.

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Taxes Regulation Policies Report 152

PYMNTS

APRIL 10, 2020

To help businesses contend with new procedures and regulations related to the Families First Coronavirus Response Act (FFCRA), GoCo has rolled out a new feature to manage and track COVID-19 paid leave. The creation of the feature stemmed from the law, which took effect on April 1, according to an announcement.

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Tools Taxes Texas Policies 185

PYMNTS

JANUARY 21, 2020

After a ruling by a location regulator that the firm wasn’t fairly engaged in competition, Uber Technologies Inc. is asking for the Colombian government to put emergency regulations into place to enable its ridesharing service to continue running.

Regulation 130

Regulation Taxes America Policies 130

PYMNTS

JULY 16, 2019

Cryptocurrencies such as bitcoin have been exploited to support billions of dollars of illicit activity like cyber crime, tax evasion, extortion, ransomware, illicit drugs and human trafficking,” Mnuchin said, adding that he is “not comfortable today” with the social media giant’s planned launch. “We

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National Security cryptocurrency US 187

PYMNTS

MARCH 19, 2020

On another note, trade organizations are asking the government of Britain for a payment holiday on taxes like VAT and national insurance after many firms reportedly stopped making HM Revenue & Customs contributions, the Financial Times reported. In other news, the Financial Conduct Authority (FCA), the U.K.’s ”

Taxes 130

Taxes National Retail Report 130

PYMNTS

SEPTEMBER 30, 2019

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. How economic nexus policies play out with restricted substances .

Retail 109

Retail Taxes Virginia South Dakota 109

PYMNTS

JULY 29, 2019

Ripple CEO Brad Garlinghouse and its Executive Chairman Chris Larsen penned an open letter to Congress regarding the regulations of cryptocurrencies. We don’t take for granted the vital role of central banks in issuing currencies and setting monetary policy in concert with the complex dynamics of economies around the world.

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cryptocurrency Regulation Taxes Policies 182