article thumbnail

Intel Unit Case Could Mean Billions In Taxes For Big Tech

PYMNTS

A tax dispute between Intel and the Internal Revenue Service could cost large technology companies billions of dollars, according to a report by The Wall Street Journal. billion tax expense due to the case, and Alphabet turned around on a $418 million benefit. Facebook disclosed a $1.1

Taxes 116
article thumbnail

EU Wants US Tech Giants To Pay Revenue Tax

PYMNTS

Germany, France, Italy and Spain’s finance ministers have announced plans to tax tech multinationals, such as Amazon and Alphabet Inc./ billion in back taxes plus interest for “undue tax benefits” obtained from the Irish government from 2003 to 2014. That means a 10 percent tax would amount to $3.5

Taxes 115
Insiders

Sign Up for our Newsletter

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

article thumbnail

First American Financial Customers Sue Over Data Breach

PYMNTS

the title insurance company that exposed the data on hundreds of millions of mortgages dating as far back as 2003, is being sued in a class-action lawsuit. First American Financial Corp., The lawsuit contends that First American Financial Corp.

Data 148
article thumbnail

KKR To Acquire German Digital Payments Firm Heidelpay

PYMNTS

Founded in 2003, Heidelpay enables its clients to accept online and mobile payments and is used by more than 30,000 merchants, including companies such as L’Oréal. million euros ($45 million) in earnings before interest, tax, depreciation and amortization this year, FT reported. Heidelpay expects to generate 40.5

Payments 136
article thumbnail

The Need for a FinCEN Database

Abrigo

The Financial Action Task Force (FATF) led the way as the first international body to set global standards on beneficial ownership in 2003 as part of a strong CDD program. Customer due diligence (CDD) and enhanced due diligence (EDD) have become common phrases in the anti-money laundering community.

article thumbnail

SEC Probing First American Financial’s Data Breach

PYMNTS

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

Data 116
article thumbnail

FAFC Data Breach Exposed 885M Financial Records

PYMNTS

Securities and Exchange Commission is reportedly investigating a security breach at First American Financial Corporation that saw the exposure of upwards of 885 million financial records and personal files related to mortgages dating back to 2003. KrebsOnSecurity reported the breach in May.

Data 109