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Rent-A-Center Acquires Acima For Virtual Lease-To-Own Platform

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Founded in 2013 in Salt Lake City, Utah, Acima operates in over 15,000 retail partner locations and eCommerce platforms. About $225 million in adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is expected for 2020. . The transaction is expected to close in the first half of 2021. .

Utah 263
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China’s Tax On Foreign eCommerce Sites

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China has some new taxes on goods imported through eCommerce sites, though it has also removed some duties that had previously been assessed. Food will now import at a higher duty price; previously the tax was 10 percent. Instead, it will wipe out those companies that were only seeking a policy loophole and operating in a gray zone.”.

Taxes 100
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Bitcoin Daily: Germany’s BaFin Seizes Allegedly Unlicensed Bitcoin ATMs; Police Confiscate $30M In Crypto From Closed Movie Streaming Site In Germany

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German authorities are cracking down on several allegedly illicit cryptocurrency-related operations in the country. The watchdog told KKT UG CEO Adam Gramowski to cease crypto trading business in Germany back in February for reportedly operating without a trading or banking license. Movie2k.to

Bitcoin 157
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The Strange Spending Trends Around Sales Tax Holidays

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And though that figure fluctuates a bit from year to year — to an all time high point in 2013 when 52 percent of back-to-school shopping was done by early August, from a low point in 2012 when the figure slipped down to 40 percent — it tends to stay snuggly in the middle range. How Tax Holidays Work. In 2017, Americans spent $83.6

Taxes 101
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Fizzle Of The Week: The Cannabis Payments Conundrum

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states (and the District of Columbia) where marijuana has been legalized for sale in some capacity, it has thrown off a fairly large chunk of tax revenue in the last year. billion in taxes from legal cannabis companies last year, an amount of money that is undoubtedly a sizzle for the federal coffers.

Taxes 177
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Fake ID Docs Sold on Websites Targeted by Feds

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The federal agency said it shut down websites where consumers could buy “fake financial and other documents – such as pay stubs, income tax forms, and medical statements – which can be used to facilitate identity theft, tax fraud, and other crimes,” according to an FTC statement. Simmons was ordered to pay $15,000.

Taxes 134
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Union Calls For Amazon Workers’ Strike In Germany

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The union has been striking in Germany since 2013 over wages, but Amazon has said few workers participated and there was little impact on productivity. The expansion push is part of the retail giant’s plan to build its own land, sea and air logistics operation to help contain shipping costs.

Taxes 148