article thumbnail

Pennsylvania may ban interchange fees on sales tax

Payments Dive

Democrats in the Keystone state’s House of Representatives are pushing a bill that would prohibit interchange fees from applying to sales tax when consumers make credit or debit card payments.

Taxes 435
article thumbnail

Judge partially halts Illinois law ending card fees for taxes, tips

Payments Dive

Banks seeking to halt a new Illinois law that bars credit card interchange fees on taxes and tips succeeded on one front, but not another, at least for now.

Illinois 400
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How much tax is lost each year? #defi

Chris Skinner

Building on my discussion yesterday about offshore tax havens and decentralisation to avoid governance in both the physical and virtual world, there’s a more fundamental issue at large here. Tax avoidance. defi appeared first on Chris Skinner's blog.

Taxes 361
article thumbnail

Can payments data help bridge the tax gap?

Accenture: Banking

Historically speaking, taxes have been taxing. Since the inception of taxes, the payment and collection of them has been filled to the brim with delays, hassles, and needless complications. The post Can payments data help bridge the tax gap? This is more than a silly joke—though I will grant that it’s also that.

Taxes 353
article thumbnail

Use Tax on Oracle EBS Inventory Transactions

Perficient

Do you struggle to determine and accrue the Consumers Use tax liability that is due on inventory removal transactions and transfers to other locations? If you are reading this blog, you probably already know that Oracle EBS does not support tax calculation for Inventory transactions. If so, we may have a solution for you.

Taxes 309
article thumbnail

Estimate Tax on your Oracle EBS Depot Repair Form

Perficient

Do you use Oracle’s Depot Repair module and a third-party tax engine? Your customers need to know the total amount of the service order, including any tax, before approving the service order? With standard Oracle EBS tax functionality, there is no tax calculation in the Depot Repair form.

Taxes 309
article thumbnail

Tax me, I’m a millionaire

Chris Skinner

The aim of this group is to get governments to tax them more. High Net Worth Individuals (HNWI) and Ultra High Net Work Individauls (UHNWI) are those two groups who … The post Tax me, I’m a millionaire appeared first on Chris Skinner's blog.

Taxes 311