Remove 2004 Remove Management Remove Taxes
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NYC Taxi Commission Accused Of $810 Million Fraud

PYMNTS

She’s alleging the city profited by that same amount selling medallions and by collecting a 5% tax on third-party transfers. James is alleging that the TLC had a hand in inflating the price of thousands of medallions over a 14-year period, 2004 to 2017, sometimes by more than 200 percent.

Fraud 223
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Prepare for stronger C&I lending demand: A $1.7 trillion “wave”

Abrigo

2004-2008: 82.6% The emphasis for commercial credit risk management and evaluation is cash flow, fixed charges coverage, and working capital cycles. Digital engagement : CRE credit risk management tends to focus primarily on annual tax returns and rent rolls, while C&I lending relies on higher-frequency reporting.

Lending 195
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Amazon’s Biggest Campus In The World Opens In India

PYMNTS

Amazon was going to build a huge new headquarters in New York, but eventually decided against it, due to local opposition and despite tax breaks. The investment to create an office of this size indicates that we are going to continue to grow,” Amazon India Country Manager Amit Agarwal said. The newest campus is on 9.5

Arlington 170
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Foreign Travel Gets Dearer: TCS on Credit Card Transactions Explained

BankBazaar

The Reserve Bank of India (RBI) has included international Credit Card transactions under the Liberalised Remittance Scheme, and as a result, every dollar spent abroad will now incur a 20% Tax Collected at Source (TCS). Adhil Shetty, CEO, BankBazaar.com, says, “TCS has been applicable on foreign remittances since 1961, and the LRS since 2004.

Cards 78
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India’s Struggling Yes Bank Sees Share Boost From $1.2B Offer

PYMNTS

Yes Bank is a private-sector bank that mainly operates as a corporate bank, but it also does asset management and retail banking. The Bombay Stock Exchange’s Sensex index also saw record highs, with a rally of more than 40,300 points due to a corporate tax cut and other business-boosting reforms. Regulators must approve it as well.

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Ant Financial Close To Doubled Its Profit In Fiscal Year 2017

PYMNTS

Ant Financial, the financial arm of Alibaba specializing in wealth management, nearly doubled its profit during its 2017 fiscal year in part because of its mobile payments feature. The company started AliPay in 2004 and, according to Bloomberg, has since seen it grow to control more than half of the $5.5

Mobile 115
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South Korean Starbucks Accepts Alipay For Tourists

PYMNTS

Starbucks branches are among the most visited places by Chinese travelers in South Korea,” said Danny Chung, general manager of Alipay South Korea. “We Users can even receive an instant tax refund at four major airports in the country. Launched in 2004, Alipay currently boasts more than 520 million active registered users.

Mobile 101