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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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Malls Debate Turns To Community Planning

PYMNTS

The death knell for malls tolled loudly in the media during the Fourth of July weekend as retailers continue to assess their long-term prognosis from the pandemic damage. But the focus of developing the mall has fallen to housing as anchor tenants, not retail. Stores will still take up 90,000 square feet of Avalon.

Community 132
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Microsoft, KIND Financial Inhale Marijuana Partnership

PYMNTS

Ultimately, that goal was to to provide states, counties and municipalities with solutions for track-and-trace (‘seed to sale’ in the cannabis industry) technology. What that means and includes is overseeing and ensuring that legally grown pot doesn’t abscond to the black market and those that need to pay taxes on it do.

Software 100
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What’s Next For Real Estate In Amazon’s HQ2 Cities?

PYMNTS

The Seattle-based eCommerce operator and cloud computing provider decided to build in both Crystal City, an urban area in North Virginia near Washington, D.C., billion refundable tax credit is reportedly based on the “percentage of salaries Amazon expects to pay employees over the next decade, or $48K per job for 25K jobs.”

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

‘PayFac’ technology simplifies underwriting and onboarding. ‘PayFac’ technology simplifies underwriting and onboarding merchants. Stripe often states that less than 8% of total commerce occurs online, suggesting roughly $26T in global, omnichannel retail sales. TABLE OF CONTENTS. Focus on developers.

Online 98
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GonzoBanker Awards 2017

Gonzobanker

Bravo to CEO Brian Vance, President Jeff Deuel and team for a watershed expansion into the hot Seattle market with a bank whose commercial skills can complement those of its acquirer. Monty Python “I’m Not Dead … Yet” Award – Goes to physical retail. Malls, retail stores and even some bank branch closings proliferated in 2017.

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Fintech Fundings: 22 Companies Raise $300 Million Plus 2 IPOs Raise $5.9 Billion

Fintech Labs Insights

Real estate technology. HQ: Seattle, Washington. Tags: Consumer, 401(k), retirement savings, tax-advantaged, wealth management, Finovate alum. Source: Finovate. Mobile-optimized neo-bank. HQ: New York City. Latest round: $12 million. Total raised: $23 million. Source: Finovate. Electronic payment solutions. HQ: Paris, France.