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. eBay Makes a Deal.

Taxes 102

Taxes Online San Jose South Carolina 102

PYMNTS

JULY 31, 2019

Albania has announced it will implement a new online billing system to prevent businesses from circumventing tax payments and to boost revenue in the country, according to a report by Reuters. The minister said that 1,600 hotels on a booking site were not registered with the proper tax authorities.

Taxes 116

Taxes System Compliance Online 116

PYMNTS

NOVEMBER 5, 2018

China is reportedly looking at new regulations that would impact Alibaba and Ant Financial in an effort to boost oversight of financial holding companies. This comes as Ant Financial, the Chinese FinTech giant and an affiliate of Alibaba Group, posted an earnings pre-tax loss of 2.4 Reuters cited two sources at the time.

Regulation 128

Regulation Company Taxes Groups 128

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. percent, a dip from the 17 percent currently being charged as a value-added tax in Chinese physical stores.

Taxes 100

Taxes Policies Metro Retail 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. Easy come, easy go, in crypto-driven enrichment.

Bitcoin 123

Bitcoin Taxes cryptocurrency Regulation 123

PYMNTS

MARCH 19, 2020

million jobs could be lost around the world because of COVID-19, the disease caused by the coronavirus, CNBC reported. ILO Director General Guy Ryder said, per the report, that COVID-19 is no longer just a “global health crisis, it is also a major labor market and economic crisis.”

Taxes 130

Taxes National Retail Report 130

PYMNTS

JANUARY 2, 2020

The finance ministry in India passed a new regulation saying that companies with sales of more than ?50 50 crores (about $7 million) will have to offer customers electronic payment modes like debit cards, powered by RuPay, according to a report by LiveMint. . The new regulation went into effect on Jan.

Cards 130

Cards blockchain Retail Cyber Security 130

PYMNTS

AUGUST 24, 2020

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Regulations. 22 Federal Trade Commission (FTC) hearing on the matter, Reuters reported. Facebook Supports Data-Portability Law. The support comes before a planned Sept.

social media 152

social media Data Apple Compliance 152

PYMNTS

NOVEMBER 10, 2020

Formal antitrust charges against Amazon will be announced by EU competition commissioner Margrethe Vestager over how the eCommerce giant handles data from the merchants on its platform, according to a Financial Times (FT) report citing sources. Apple faced €13 billion in back taxes to Ireland. In the U.S. Both companies have appealed.

Data 185

Data Illinois Taxes Compliance 185

PYMNTS

JANUARY 19, 2018

Fizzle of the Week: Cryptocurrency Regulation. The saga over bitcoin and its relationship to various regulators has become something of the payments answer to a romantic comedy. But the idea that regulators can wave a wand and make bitcoin go away? Easy come, easy crypt-go, it seems. They may have some luck. As for next week?

Bitcoin 123

Bitcoin Regulation cryptocurrency Taxes 123

PYMNTS

MAY 3, 2016

This is proving particularly true for more and more cash-strapped states that have spent years staring at soaring traffic for online retailers but little — if any — increases in the taxes reaped from this digital, transcontinental economy. proper to occupy much of the conversation. And South Dakota, for one, has had enough.

South Dakota 100

South Dakota Taxes Online North Dakota 100

PYMNTS

FEBRUARY 20, 2019

That means otherwise straightforward and common small business duties, like banking , taxes and payroll, can be problematic for firms in the cannabis industry that are legally required to operate almost entirely in cash. Instead, CBD is known for its reported pain-reducing properties and stress-relieving abilities.

Retail 136

Retail District of Columbia San Francisco Denver 136

PYMNTS

FEBRUARY 28, 2019

Wirex, a cryptocurrency and fiat (real money) payments platform, is releasing a beta version of a regulated crypto-oriented business account, according to reports. to allow businesses to pay their corporate taxes in bitcoin. According to Good Audience , hundreds of thousands of retailers currently accept cryptocurrency.

Ohio 162

Ohio cryptocurrency Taxes Bitcoin 162

PYMNTS

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. That’s due in part to a sales tax boost that now has been hurting consumer spending.

Taxes 178

Taxes Google Apple United States 178

PYMNTS

DECEMBER 12, 2017

Major retailers such as Target, Home Depot, Walmart and Lowe’s have been forced to introduce stricter return, store credit and gift card policies in response to a troubling trend. Booth has been arrested twice for retail return fraud related to gift cards and is now in recovery from heroin and oxycodone addiction at Gateway with Smith.

Retail 105

Retail Fraud Cards Florida 105

PYMNTS

NOVEMBER 1, 2018

These markets have similar challenges to the legal marijuana sector: products that are regulated, expire and have unique needs in terms of compliance and shipping. billion valuation by the end of the year, accepting cash at the point-of-sale (POS) and using cash to pay vendors, business partners and taxes remain commonplace.

Taxes 122

Taxes California Regulation Innovation 122

Abrigo

DECEMBER 18, 2023

Retail and multi-family CRE opportunities Similarly, retail CRE has been painted as too risky because of online sellers’ growth. But even online giant Amazon is trying out various store formats to find its next growth engine, and demand for retail space across the U.S. The impact is not consistent.”

Risk Management 222

Risk Management Management Lending Capital 222

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.

Taxes 100

Taxes South Dakota Policies Compliance 100

PYMNTS

AUGUST 21, 2019

Amazon opened its biggest campus in the world on Wednesday (Aug 21) in Hyderabad, India, according to a report by Reuters. The move illustrates Amazon’s aggressive push to expand in the country, despite stiff competition from companies like Walmart, and stringent regulations in the country regarding foreign eCommerce sites.

Arlington 170

Arlington Virginia New York Video 170

PYMNTS

MAY 4, 2018

To find companies that may be using software to fix prices, EU regulators may create their own algorithms. European Competition Commissioner Margrethe Vestager said that it’s now easy for price collusion to occur, Reuters reported. “It

Regulation 123

Regulation Software Taxes Study 123

PYMNTS

MARCH 2, 2020

In Kenya, competition regulators recently warned French grocery and retail giant Carrefour that it faces fines of up to $140 million after the Competition Authority of Kenya discovered that the company, via its franchise holder Majid Al Futtaim (MAF), has been treating suppliers unfairly. In the context of late payments in the U.K.

Payments 143

Payments Report Training Regulation 143

PYMNTS

OCTOBER 31, 2019

billion for a stake in the bank, according to a report in the Financial Times. Regulators must approve it as well. Yes Bank is a private-sector bank that mainly operates as a corporate bank, but it also does asset management and retail banking. Yes Bank in India has received an offer from an unnamed investor in the amount of $1.2

Regulation 100

Regulation Taxes Maine Capital 100

PYMNTS

MAY 8, 2020

consumers more frugal, but other individuals are still turning to retail therapy to cope with stresses. The importance of fast, secure disbursements might hold a different weight now that players are betting online more often and more readily looking for the speeds they experience with typical retail transactions.

Online 176

Online Industry New Jersey Pennsylvania 176

PYMNTS

FEBRUARY 14, 2019

Amazon is under fire in Austria, with the Austrian Federal Competition Authority reviewing the firm’s dual role as a leading retailer and a platform for small merchants. Companies operating on a global scale must adhere to applicable Austrian laws and regulations.

Regulation 122

Regulation Taxes Apple Google 122

PYMNTS

FEBRUARY 16, 2018

PepsiCo turned some heads with its quarterly earnings call announcement that it would take some of its tax reform windfall and reinvest it in improving the firm’s eCommerce efforts. And the numbers in this regard don’t lie: Physical retail is growing at a rate of about 3.6 According to PepsiCo CEO Indra K.

Retail 124

Retail Branding Mobile Strategy 124

PYMNTS

JANUARY 12, 2021

As PYMNTS has reported, consumer expectations and retail commerce have both evolved quickly to meet the demand that everything from credit to debit cards to digital wallets be on offer as payments choice. billion in 2024, PYMNTS reported in The FI’s Guide to Modernizing Digital Payments. Flexibility Is Key.

Payments 260

Payments Compliance Technology Taxes 260

PYMNTS

OCTOBER 17, 2018

DMG said it is in discussions with its partners — cannabis industry licensed producers, retailers, quality management service providers and government regulators — to design a compliant supply chain management solution to enhance transparency and traceability of the cannabis supply chain.

blockchain 156

blockchain Compliance Management Bitcoin 156

PYMNTS

DECEMBER 28, 2018

It has been a busy year for the world of bank regulations, particularly Know Your Customer (KYC). Financial services regulations are notorious for their complexity and ever-changing demands for financial institutions and corporates, but another fuel for development in the KYC space was the FinTech community. ” .

Compliance 186

Compliance Regulation blockchain Taxes 186

PYMNTS

JULY 5, 2018

Reports are surfacing that, since the European Union’s General Data Protection Regulation took effect on May 25, customers exercising their rights under the law are contacting companies with questions about how their online data is being handled, and to request copies of that data. Breathing Room. Brazil Law?

Regulation 102

Regulation Data Exercises Online 102

PYMNTS

OCTOBER 22, 2018

In yet another addition to the “why we can’t have nice things” files, the Federal Trade Commission (FTC) released a report this week indicated that fraudsters love gifts cards to the extent that many are requesting them as a form of payment these days. In 1969 Sears was the largest retailer in the U.S. (a locations at its peak.

Data 134

Data Fraud Cards Regulation 134

PYMNTS

JANUARY 8, 2020

Call it, perhaps, a New Year’s Resolution list — for regulators. The digital assets market has grown rapidly and presents various risks, including for retail investors who may not adequately understand the differences between these assets and more traditional products,” according to the office. In documents released Tuesday (Jan.

blockchain 138

blockchain Phoenix Compliance cryptocurrency 138

PYMNTS

MAY 2, 2016

It’s a big litigious party out in South Dakota these days, as the state is suing four eCommerce merchants for their lost sales tax – and different merchants (in a separate suit) are suing right back. According to various reports , the case could well find itself being settled by the United States Supreme Court.

South Dakota 100

South Dakota North Dakota Taxes United States 100

PYMNTS

OCTOBER 7, 2020

Online retail has exploded in popularity over the past 20 years, with online giants like Amazon, eBay and big-box retailers’ marketplaces becoming consumers’ go-to alternatives to brick-and-mortar merchants. The eCommerce industry is expected to generate $4.5 The eCommerce industry is expected to generate $4.5

Payments 171

Payments Analytics Online Retail 171

PYMNTS

MARCH 9, 2020

The move will enable the company to focus on producing shareholder returns and cash from its United Kingdom, Central Europe and Ireland markets, The Wall Street Journal reported. billion, prior to taxes and other charges. billion, prior to taxes and other charges. Tesco said the deal’s net cash proceeds will arrive at $10.3

Groups 130

Groups Taxes Resources Operations 130

PYMNTS

SEPTEMBER 17, 2019

Amazon said it has started hiring delivery drivers in Germany as it ramps up its logistics arm, with plans to open 11 more distribution centers in the country, according to a report by Reuters. The push is part of the retail giant’s plan to build its own land, sea and air logistics operation to help contain shipping costs. “If

Taxes 108

Taxes Policies US Retail 108

PYMNTS

JANUARY 24, 2020

Government disbursements can range from child support payments and annual tax returns to pension and retirement fund payouts. Some reports put the cost of cutting, mailing and processing checks at nearly $8 per instance — a hefty price for those required to send out thousands, if not millions, of these payments each year.

Payments 130

Payments US Fraud Innovation 130

PYMNTS

MARCH 15, 2017

Naturally, investors are taking notice — though marijuana is still classified as a Schedule I narcotic by federal guidelines, and regulations in states where cannabis is legal can get complicated. Baker also reports that its capabilities can increase average order size for dispensaries by 40 percent via enabling online ordering.

District of Columbia 101

District of Columbia Technology Guidelines Software 101