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Revealed: Barclays avoids almost £2bn in tax via Luxembourg scheme

TheGuardian

Exclusive: Arrangement has allowed bank to earn billions of pounds nearly tax-free for over 12 years Barclays has avoided nearly £2bn in tax via a lucrative arrangement in Luxembourg that allowed it to pay less than 1% on profits in the tax haven for more than a decade. Continue reading.

Taxes 98
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Money Management During The Coronavirus Crisis

BankBazaar

It is way worse than the global financial crisis of 2008-2009.”. Therefore, smart money management is critical to survival through this period. HOW TO MANAGE CASH. The dos and don’ts of liquidity management. There are two broad concerns: managing existing investments and making fresh investments. AVOID PANIC.

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Forbearance lending as a crisis management tool

BankUnderground

The small and medium-sized enterprise (SME) Financing Facilitation Act as a quasi-experimental setting In our research , we focus on evaluating a unique large-scale corporate forbearance scheme, namely the Japanese SME Financing Facilitation Act of 2009.

Lending 52
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Uber Facilitated More Than $600M In Tips For Drivers

PYMNTS

In May, it launched mid-trip ratings and tips, and that has driven a 30 percent increase in tipping, said Uber Product Manager Dhruv Tyagi. The lawsuit alleged a breach of contract for adding sales tax and a fee to the total fare amount, which then boosted the number of service fees owed to the company.

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Retail Sales Shot Up In May

PYMNTS

Encouraging Americans’ enthusiasm to spend, according to the new report, is low unemployment, rising wages and additional liquid capital due to the tax cuts of late 2017. percent in Q1, in line with averages since 2009. By itself that is not terrible news — as long as consumers are managing all that debt well. Output was up 2.2

Retail 108
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Wild Cards? Gambling, Payroll, Other Models Provide Fresh Fuel For Prepaid

PYMNTS

So stands one of the main views offered in a new PYMNTS podcast interview between Karen Webster and Tom Cregan, CEO and managing director at Emerchants Limited ( EML Payments ) , an Australian-based payment services firm that has set upon a path of global expansion, with its focus on the U.S. That Would Be Our Business Model Going Forward’.

Cards 158
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Austin Is Bringing The FinTech Heat

PYMNTS

Nate Stewart, Group Product Manager for BigCommerce , an eCommerce platform with deep roots in Austin, provided a glimpse into what really helps Austin stand apart and why startups can’t help but flock to the city. In this week’s edition of PYMNTS’ Weekly Tech Center Roundup , we take our first look at a U.S. Stewart said Austin fit the bill.

Austin 100