PYMNTS

AUGUST 26, 2019

Thailand hopes to annually collect 3 billion to 4 billion baht ($98 million to $131 million) by introducing a tax on tech businesses, Reuters reported on Monday (Aug. If approved by Parliament, Thailand will institute a value-added-tax starting next year on electronic businesses, leveraging the eCommerce boom in the country.

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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. The group is asking a parliamentary panel on information technology to investigate the tech giants.

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PYMNTS

SEPTEMBER 28, 2020

With the fate of TikTok grabbing all the press, you may have missed the news that Facebook is talking about denying itself and its sister social platform Instagram to the European Union (EU) over new proposals that would stop the social media giant from transferring data on EU users back to Facebook headquarters in Silicon Valley.

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PYMNTS

FEBRUARY 1, 2021

In today’s top payments news around the world, Grab said it has closed on a loan facility, while Getir announced on social media that it has come to London. German Finance Minister Says OECD Digital Tax Deal Likely By Summer. OECD member states have until this summer to come to a consensus on a tax. London, we’ve arrived!

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PYMNTS

SEPTEMBER 8, 2020

Tumusov wrote in a social media post that “lowering the commission and having the ability to bring products to users is a growth opportunity for IT developers.”. Big Tech Updates Fees to Reflect UK Digital Services Tax. Apple announced upcoming tax changes for apps and in-app purchases to include tax law changes in the U.K.

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PYMNTS

JANUARY 11, 2021

US Trade Representative: India, Italy, Turkey Digital Taxes Discriminates Against US Firms. Trade Representative (USTR) recently released the results of Section 301 probes of digital services taxes (DSTs) that Turkey, Italy and India have adopted, finding that each tax “discriminates against U.S. Billion Of French Products.

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PYMNTS

NOVEMBER 16, 2020

Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy. percent to 10 percent.

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PYMNTS

AUGUST 24, 2020

The social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction. The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct.

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PYMNTS

OCTOBER 14, 2019

The Internal Revenue Service (IRS) now has a question on crypto ownership on its 1040 income tax form. And Block Matrix , which created an app that allows users to send bitcoin through their social media accounts, has secured a $2 million investment for the development of a new app for the retail sector.

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PYMNTS

MARCH 13, 2017

70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. Nearly a quarter of small businesses said they still use paper forms when filling out taxes. There are so many options available to small businesses today, the executive added. 37 percent of SMEs in the U.K.

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PYMNTS

MARCH 19, 2019

Instagram has launched a checkout feature designed to help the social media platform become a more attractive place for consumers to buy retail products, and to capture more sales via what is coming to be known as contextual commerce. Social Media Purchases. In other words, consumers are shopping contextually.

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PYMNTS

APRIL 16, 2020

People took to social media to express their anger, some stating that they’ve had the same bank account for a dozen years and others complaining that their tax payments got deducted but they can’t get a deposit. If you filed last year’s or this year’s taxes we have your information.”. The funds are part of the $2.2

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PYMNTS

DECEMBER 12, 2019

The social media company is now reportedly investing $130 million to the effort, Engadget reported. It will have the role of handling such tasks as ensuring tax compliance, administering payroll and reviewing the annual budget of the board. Facebook has been at work creating a content oversight board over the past year.

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PYMNTS

FEBRUARY 8, 2018

If death and taxes are sureties, insurance payments rank up there, as people insure homes and autos and apartments against any number of calamitous scenarios. It is now social media that cements the carrier/insured relationship. This creates some challenges on the reporting side, particularly as it relates to reconciliation.

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PYMNTS

JULY 23, 2018

Coverage includes a new acquisition by online payment firm PayU, European finance ministers pushing for more progress on taxing digital firms and SoftBank planning to launch a new mobile payment service in Japan. European Finance Ministers Seek Progress on Taxing Digital Companies. SoftBank to Launch Digital Pay Service in Japan.

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PYMNTS

JULY 26, 2019

The Internal Revenue Service (IRS) is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will face if they don’t report their income or pay taxes on the transactions, according to a report by The Wall Street Journal. at the World Bank.

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PYMNTS

JULY 23, 2018

ClientWhys , a provider of marketing automation software and marketplace for cloud accounting and tax industries, has launched a new small business accounting marketplace. CountingWorks and TaxBuzz blogs also provide users with timely tax and accounting resources, as well as articles written by member professionals and industry experts.

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PYMNTS

SEPTEMBER 3, 2020

The remote payments app allows merchants to charge customers by sending a payment link via SMS, Whatsapp, email or social media. The feature can be used to adjust any change in the tax rate charged on food and non-alcoholic beverages.

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PYMNTS

FEBRUARY 16, 2020

He has recently signaled that he would support Facebook paying higher taxes in Europe. And in comments made last March, he said he believes more regulation is needed on social media companies. Next week, Zuckerberg will visit Brussels and speak with the European Union about regulatory issues.

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Abrigo

AUGUST 14, 2017

When business owners think of their accountant, some might immediately think of the money they pay for tax preparation, an audit or other compliance services – the type of service “a client doesn’t want but needs,” as accounting thought leader Allan Koltin has described “Level 1” or “Type 1” services.

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PYMNTS

MARCH 19, 2020

lawmakers are reportedly introducing a digital services tax of as much as 2 percent of revenues tied to business activities in the country. The government has said the tax is aimed at “large multi-national enterprises with revenue derived from the provision of a social media service, a search engine or an online marketplace to U.K.

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PYMNTS

JULY 7, 2019

In an interview, McAfee also revealed that he believes that income tax is illegal and will run for the Libertarian Party nomination for U.S. tax authorities. He said he did not pay income tax for eight years for ideological reasons and was indicted. trade embargo. president. “It It would be trivial to get around the U.S.

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PYMNTS

JULY 21, 2020

Salesforce has announced a broad expansion of its Order Management offerings, including the ability for companies to let online shoppers complete purchases without leaving social media channels. Those include support for multiple languages and currencies and the capacity to calculate and display value-added taxes.

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PYMNTS

JULY 9, 2019

The social media company began to launch fan subscriptions last year and enabled creators to charge fans $4.99 The company is reportedly committed to letting creators retain 70 percent of subscription revenue less “applicable taxes and fees.” The change will take effect Jan. each month, according to reports.

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PYMNTS

AUGUST 25, 2019

Vietnam ranks seventh in terms of the number of Facebook users, but the social media giant could face hurdles in the country after the Vietnamese government asked Facebook to authenticate its users and indicated that only authenticated users will be allowed to use its live-streaming service. Gapo has received 500 billion dong ($21.7

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PYMNTS

JULY 19, 2018

Thanks to Amazon and sales tax , eBay is reportedly enjoying a fresh opening in Australia. Taxes aren’t helping, either. Starting July 1, Australia has imposed a 10 percent goods and services tax on “all goods online bought from overseas.” But Amazon offers “a product range roughly one ninth of the U.S.

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Payments Source

JULY 28, 2017

Starting next month, Prime Minister Narendra Modi’s government will begin amassing a warehouse of virtual information collected not just from traditional sources like banks but also from social media sites, as it looks to match residents’ spending patterns with income declarations, said people familiar with the matter.

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BankBazaar

FEBRUARY 11, 2021

. – Senior citizens will not be required to file income tax returns. – Silver prices rise to 8-year highs due to social media frenzy. – GST collections for January 2021 touches all-time high at Rs.1.2 lakh crore. – Import duty on gold and silver cut down by 5% to 7.5%.

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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. in 2017 had a 52.75

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PYMNTS

APRIL 22, 2020

The G-Group ecosystem includes Vietnam’s social media network Gapo and P2P lending platform Tima. The ruling Communist party in Vietnam does not tolerate dissent and has strict media censorship in Vietnam, leading to new cybersecurity laws in January.

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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.

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PYMNTS

APRIL 14, 2019

In fact, residents use the products for their investment and retirement savings for the tax benefits. And billionaire venture capitalist Tim Draper will meet with Facebook about the possibility of investing in the social media giant’s cryptocurrency project. “I I am interested to hear the story.

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PYMNTS

JULY 15, 2020

The user received a now-infamous crypto letter from the IRS last August, which informed him and others that the IRS had “information” on their crypto accounts and that the government agency believed taxes had not been paid on the crypto, according to CoinDesk.

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Qudos Bank

FEBRUARY 15, 2024

While dating apps, social media networks and gaming apps are great to connect with like-minded people, they could also put you at risk of connecting with a scammer that will manipulate you for money. You are asked to pay a deposit or overseas taxes or duty prior to being able to make a withdrawal. Million in overall losses.

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Abrigo

JANUARY 20, 2016

Information overload seems to be an occupational hazard for anyone spending time on the internet these days, particularly on social media channels. Follow Kelly for all things tax-related. He reaches a large number of accounting professionals via his CPA Trendlines website, but it’s his Twitter reach that really turns heads.

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PYMNTS

SEPTEMBER 16, 2019

On the Continent — and Taxes in Sight. Google’s own regulatory and tax issues extend well beyond domestic markets. As has been reported, larger tech firms, with international presence, have been under examination for allegedly paying less tax than is owed in certain countries in which they do business.

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PYMNTS

SEPTEMBER 17, 2019

million times last year for offenses such as unpaid taxes and fines. million times from purchasing train tickets, and 128 people were blocked from leaving the country because of unpaid taxes. government is not building a social credit system a la China, private industry arguably is. Consumers were also barred 5.5

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