PYMNTS

JANUARY 21, 2020

France will postpone payment requirements on its newly levied digital services tax aimed at large tech companies like Facebook and Google due to a dispute with the U.S. The payments were due in April, and Washington took issue with the tax, which it said is unfair and discriminatory toward the U.S. .

Taxes 131

Taxes US Metro Washington 131

PYMNTS

JANUARY 17, 2020

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment of tax issues. Taxing Confusion. billion in 2022.”.

Taxes 132

Taxes Online Policies Philadelphia 132

TrustBank

APRIL 26, 2021

The below is a discussion of the new Washington Long-Term Care Program. What Is the Washington Long-Term Care Program? The Washington Long-Term Care Program is the nation's first public state-operated long term care insurance program. percent payroll tax on all employee wages, beginning January 1, 2022.

Washington 64

Washington Taxes Idaho Oregon 64

PYMNTS

SEPTEMBER 24, 2019

As commerce has, increasingly, moved into the digital realm, and even the smallest merchants have gone omnichannel, tax policy has evolved as well — although perhaps it may be more apt to say tax policy has scrambled to keep up. Thus far, a bit more than a year after the ruling, tax policy remains fragmented.

Taxes 116

Taxes Retail Online South Dakota 116

PYMNTS

JULY 21, 2017

.’s largest banks are looking to Washington, D.C., According to Morgan Stanley CEO James Gorman, lower corporate taxes and more streamlined bank regulation could “allow U.S. But while many bank CEOs have fixed their eyes on Washington to promote industry growth, not every executive is optimistic.

Washington 100

Washington Taxes Regulation Analytics 100

PYMNTS

OCTOBER 19, 2020

OECD’s Tax Reform To Be Presented To G20. The Organization for Economic Cooperation and Development (OECD) , which is based in France, said its worldwide tax reform blueprint will be put in front of the Group of 20 finance ministers. France Will Proceed With Controversial Digital Services Tax Plan.

Taxes 143

Taxes Compliance Regulation Google 143

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.

Maryland 151

Maryland Taxes Online Groups 151

PYMNTS

JUNE 21, 2018

States can collect sales taxes from online retailers thanks to a U.S. The 5-4 decision essentially overturns the court’s 1992 ruling that states can collect sales taxes only from retailers that maintain a physical presence in those states. billion in tax revenue in 2017,” according to the report. Do Sales Taxes Really Matter?

Taxes 119

Taxes South Dakota Online US 119

PYMNTS

JUNE 22, 2018

Supreme Court opened the door to state collection of sales taxes for eCommerce purchases, questions swirled about software, Congressional action, marketplace sellers and how consumers would react. Speculation about hassles caused by a lack of tax-calculating software is a “nonissue,” he added. A day after the U.S.

Taxes 114

Taxes Online South Dakota Retail 114

PYMNTS

MAY 3, 2018

Tax reform played a key role for several corporate successes in the first quarter of 2018. “The optimism generated from corporate tax reform seems to have done little to persuade organizations to spend their cash during the early months of 2018,” Kaitz said in a statement.

Taxes 100

Taxes Analysis Washington Report 100

CB Insights

MARCH 4, 2022

Anrok , a SaaS sales tax solution, has raised $20M in a Series A. California-based Anrok unifies sales tax monitoring, calculation, and payments processes across the enterprise financial stack. The startup operates in the US and has teams in San Francisco, Texas, Colorado, and Washington, among other locations in the US.

Taxes 59

Taxes San Francisco Compliance Software 59

PYMNTS

FEBRUARY 26, 2020

Software developer and Ukrainian native Volodymyr Kvashuk, 25, from Renton, Washington, worked for Microsoft from 2016 to 2018, and was tasked with testing Microsoft’s online retail sales platform. On fake tax returns, he said the bitcoin was gifted to him from a relative. million in bitcoin.

Fraud 207

Fraud Bitcoin Washington Taxes 207

PYMNTS

DECEMBER 16, 2020

news publishers, including The New York Times , The Washington Post , NPR , ESPN , Bloomberg and others, have now joined the Coalition for App Fairness , according to a report from 9to5Mac , with the intent to protest the “ Apple tax.”.

Apple 181

Apple Groups US Taxes 181

PYMNTS

JANUARY 19, 2017

This week’s announcement is an expansion of the program, which is now available in New York City, Boston, Chicago, Washington, D.C., Riders need to first decide how much pre-tax income they’d like to contribute to the account, with the maximum being $255 for the 2017 year.

Taxes 100

Taxes Las Vegas San Diego Los Angeles 100

Jeff For Banks

MARCH 2, 2013

In the midst of all the clamor in Washington over what is our "fair share" of paying taxes, I wondered how much my family contributed to the bureaucratic tax machine at the Federal, State, and local level. Yes, it''s tax season again and this year I am determined to do my own taxes. Hey, I can vent. It''s my blog.

Taxes 86

Taxes Washington Groups System 86

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.

Taxes 128

Taxes social media cryptocurrency Washington 128

PYMNTS

JULY 1, 2020

Washington D.C. ” The opinion also noted that the IRS treats cryptocurrency more as a property than as a currency for tax purposes. lawyers will be allowed to accept cryptocurrency as payment, according to an opinion by the District of Columbia Bar.

District of Columbia 197

District of Columbia DC North Carolina New York City 197

TrustBank

AUGUST 1, 2023

Also, some of the provisions change the timing of tax revenue to the government. This catch up could be made in pre-tax dollars or to a Roth account if the employer had it available. This will reduce the amount of tax deferral that older workers can do currently. This is not considered tax advice.

Security 52

Security Taxes Washington Course 52

SWBC's LenderHub

MARCH 13, 2020

As our leaders in Washington DC bicker over a fiscal response to COVID-19, mostly coming up with ideas that look to win votes (payroll tax holidays, guaranteed sick leave for everyone, tax credits for affected companies) as opposed to actually saving the economy from a credit induced depression, it looks like it is on the Fed again to do the job.

DC 78

DC Taxes Washington Company 78

PYMNTS

JANUARY 26, 2018

Washington Post reports this week said GE revealed the SEC’s probe was linked to its disclosure of a miscalculation in its insurance unit. The Washington Post said the SEC had not yet commented on the investigation. billion tax charge related to the nation’s recent tax reform.

Washington 117

Washington Taxes Course National 117

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

Retail 109

Retail Taxes Virginia South Dakota 109

PYMNTS

MARCH 17, 2020

The most high-profile local interventions have happened Washington, D.C. has hiked the normal commercial property tax rate on vacant property from between $1.65 On March 3, San Francisco voters approved Proposition D , a property tax aimed at filling vacancies. Even smaller cities are opting for such taxes. Starting Jan.

Retail 135

Retail Arlington San Francisco Milwaukee 135

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

Finer Points

NOVEMBER 23, 2015

While many Americans are gearing up for the holiday season, ICBA and community bankers are gearing up for a bustling couple of weeks in Washington.

Washington 100

Washington Taxes Community Industry 100

PYMNTS

SEPTEMBER 25, 2019

The bill was sponsored by Congressmen Ed Perlmutter of Colorado, Denny Heck of Washington, Steve Stivers of Ohio and Warren Davidson of Ohio, all members of the House Financial Services Committee. Cannabis-related businesses are locked out of the banking system, and cannot maintain checking accounts, process payroll obligations or pay taxes.

Ohio 235

Ohio Colorado Washington California 235

PYMNTS

APRIL 21, 2020

Plus, the IRS has shelved processing tax refunds to make room for sending stimulus payments. IRS Puts Tax Refunds In Storage As It Works On Stimulus Checks. The Washington, D.C. Public Businesses Reap PPP Relief Of $300M. Grab has said it is trying to offset the loss of ride-hailing business with its food delivery service.

Company 141

Company Payments Taxes Fraud 141

PYMNTS

AUGUST 9, 2020

A Washington, D.C.-headquartered compounding on differences over digital taxes and tariffs, Reuters reported. -India Business Council (USIBC), which said this was “anathema” to promoting competition, and that it could potentially hurt trade and investment in developing countries, Reuters reported.

Data 168

Data US Washington Regulation 168

PYMNTS

DECEMBER 16, 2020

That roster includes Washington State, New Jersey, Chicago and New York City. As PYMNTS reported in this space earlier in the month , the aggregators have faced challenges from several states and cities that have instituted caps on the fees that can be charged to restaurants.

National 160

National New York City Policies New Jersey 160

PYMNTS

DECEMBER 5, 2018

billion in tax breaks and incentives offered to Amazon to come to Queens, 46 percent said they are in support and 44 percent said they oppose the idea. Amazon was offered $1.525 billion in performance-based direct incentives, as well as a refundable tax credit by New York State’s Excelsior Program, which could total as much as $1.2

Arlington 100

Arlington New York New York City Taxes 100

PYMNTS

DECEMBER 17, 2020

A less sunny aphorism, to be sure, but one that is unfortunately applicable this week as two pieces of good news – the circulation of a vaccine for COVID-19 and signs of life in a stimulus deal out of Washington before Congress breaks for the holidays – are spotlighting the dark clouds accompanying them.

Fraud 210

Fraud Taxes Washington Security 210

PYMNTS

APRIL 22, 2020

The Cato Institute, a Washington, D.C. Every dollar borrowed causes damage down the road from the resulting higher taxes extracted from the private sector,” Cato wrote. Cato disputes Mnuchin’s view that low interest rates will make the debt easier to swallow.

US 141

US Washington Taxes Policies 141

TrustBank

APRIL 10, 2020

Foregoing a 2020 RMD allows tax-deferred dollars to remain in an investor’s retirement account. This will provide a potentially significant tax break to some investors, as they can avoid paying federal or state income tax on those dollars on their 2020 tax returns. Please consult with your tax and financial advisors.

Taxes 52

Taxes Guidelines Washington Security 52

PYMNTS

FEBRUARY 21, 2020

The IRS is committed to fairness in the tax system, and we want to remind people across all income categories that they need to file their taxes,” said Paul Mamo, director of collection operations for the agency’s small business and self-employed division. Part of that may be solved through personal contact.

Taxes 141

Taxes Boston Florida Course 141

PYMNTS

JULY 14, 2019

The news is reportedly according to a slide deck from a cyber training session that discussed many ways that criminal investors might come across potential digital currency tax cheats. The materials were reportedly presented to agency staff at a June event in Washington, D.C. at the World Bank.

blockchain 140

blockchain Bitcoin Fraud social media 140

PYMNTS

SEPTEMBER 11, 2019

Washington State and Oregon failed to pass a bill that was similar in nature AB 5, the NYT said. . They would also have to pay payroll taxes, all of which could change their business models. Uber is going a step further and has pledged it will litigate misclassification claims from drivers. .

California 150

California Oregon New York Washington 150

TrustBank

DECEMBER 16, 2021

This amount is calculated using your income tax information from two years ago. So, for 2022, your tax information from 2020 will be assessed. Surcharge amounts vary based on your income bracket and how you filed your taxes. The surcharge for Part D is also determined based on your income tax information from two years ago.

Taxes 52

Taxes Washington Security Maine 52

PYMNTS

OCTOBER 19, 2018

That is partly because Amazon Chief Executive Jeff Bezos owns The Washington Post and has a house in the region. According to The New York Times in August, there are concerns that taxpayers could get stuck with a huge bill to cover those tax breaks and other incentives.

District of Columbia 135

District of Columbia Indianapolis New York City Columbus 135