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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

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Why Timing Is Everything On Tax Day

PYMNTS

Tax Day for Americans is here, or at least it will be on Tuesday, April 17. This year is a bit of an unusual year as far as taxes are concerned, since April 15 actually falls on a Sunday. Back then, taxes weren’t due on April 15. Tax season used to be a month and a half shorter.

Taxes 103
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Top News In Payments: Apple Buys AI Firm For $200M; $500M Debt Rescue Plan Considered For Taxi Drivers

PYMNTS

Apple bought AI firm Xnor for $200 million, edging out Microsoft, Amazon and Intel for the 2-year-old Seattle-based firm that makes smart devices smarter by running machine learning technologies on edge devices. 17, that would relieve medallion owners from tax liability for debt forgiveness.

Apple 130
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Malls Debate Turns To Community Planning

PYMNTS

“More companies have gone bankrupt than any of us have ever expected, and I do believe that will accelerate as we move through 2020, unfortunately,” said Deborah Weinswig , founder and CEO of Coresight Research, an advisory and research firm that specializes in retail and technology. 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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Avalara, Signifyd Bring Sales Tax, Fraud Solutions to Magento E-commerce Marketplace

Fintech Labs Insights

FinDEVr alum and long-time Magento partner, Avalara announced that its sales-tax calculation solution, Compliance Cloud, will be a part of Magento 2.0 In addition, customers will get access to Avalara’s tax prep, filing and remittance services. ” Seattle-based Avalara has spent the first quarter of 2016 lining up partners.

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