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Ohio To Let Businesses Pay Taxes With Bitcoin

PYMNTS

Ohio is leading the charge in terms of accepting bitcoin as a payment method, as it is the first state to accept bitcoin to cover tax bills. The state will eventually open it up to individual tax filers as well. Jerry Brito, director of Coin Center, a Washington, D.C.-based

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Amazon Raises Seller Fees Due To Digital Tax In France

PYMNTS

With a 3 percent digital tax passed by the French government, Amazon is hiking seller fees for small and medium-sized businesses in France beginning in the fall. The eCommerce company cited the tax as the reason for the increase, CNBC reported. The tax was reportedly to apply to approximately 30 major companies, mainly from the U.S.,

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Olaf Scholz faces fresh scrutiny over alleged role in waiving of bank’s tax bill

TheGuardian

On Tuesday it emerged that prosecutors investigating illegal so-called “cum-ex” trades have spent the last few months raking over Scholz’s emails from when he governed the prosperous northern city-state between 2011 and 2018. Continue reading.

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Is Sales Tax An Anchor On Amazon?

PYMNTS

One of the more long-grumbled complaints in retail is that Amazon and other eCommerce players are able to exploit a loophole that allowed them to mostly avoid charging sales tax. Would collecting sales tax 100 percent of the time take a bit out of Amazon’s bottom line? Recent data suggests — probably not.

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Barclays profits tumble 12% as UK interest rates hit mortgage demand

TheGuardian

Pre-tax profits drop to £2.3bn between January and March, down from £2.6bn last year • Business live – latest updates Profits at Barclays tumbled by 12% in the first quarter, as higher UK interest rates weighed on demand for mortgages and loans while a backdrop of economic uncertainty affected its investment bank. Continue reading.

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Egyptian Govt Could Move To Cash Disbursements For Needy Residents

PYMNTS

This transitional push is part of a larger 2016 initiative hoping to recover from the 2011 Arab Spring uprising that removed former President Hosni Mubarak. Mohamed Maait, Egypt’s finance minister, is capitalizing on the smartphone saturation throughout his country to implement eInvoice standards for tax purposes.

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TurboTax Bid For Credit Karma Triggers Antitrust Worries

PYMNTS

As the leader in DIY taxes, TurboTax has been dealing with escalating competition from Credit Karma, which is now a leading financial app among younger customers. Credit Karma started offering a free tax filing service in 2017. Credit Karma’s tax filing market share is growing at a rate of 3 percent.

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