Chris Skinner

FEBRUARY 24, 2017

The post Things worth reading: 24th February 2017 appeared first on Chris Skinner's blog.

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Taxes Fintech Security Cards 190

PYMNTS

JANUARY 22, 2018

The rumors were enough to send several dozen brethren down in crypto-land, as Barron’s noted that the top 60 coins — ranked by market cap — slipped in tandem with bitcoin. The tax announcement comes on the heels of emergency meetings by finance ministers. Another concern: data — as in transaction data — which might need to be shared.

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PYMNTS

MAY 7, 2018

China introduced new tax initiatives aimed at bolstering the nation’s entrepreneurs, according to local news reports on Friday (May 4). Vice finance minister Cheng Lihua introduced seven new tax policies during a press conference Friday, with the goal of saving small businesses $9.45 billion a year, reports from Xinhua said.

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PYMNTS

FEBRUARY 27, 2018

this year, driven largely by tax reform. The IBBA, along with M&A Source and the Pepperdine Private Capital Markets Project, announced their research on Monday (Feb. With the corporate tax rate dropping to 21 percent and the repatriation of overseas capital, companies will have more capital to allocate to acquisitions.

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PYMNTS

JUNE 21, 2018

States can collect sales taxes from online retailers thanks to a U.S. The 5-4 decision essentially overturns the court’s 1992 ruling that states can collect sales taxes only from retailers that maintain a physical presence in those states. billion in tax revenue in 2017,” according to the report. retail sales.

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APRIL 14, 2018

Tax Day for Americans is here, or at least it will be on Tuesday, April 17. This year is a bit of an unusual year as far as taxes are concerned, since April 15 actually falls on a Sunday. Back then, taxes weren’t due on April 15. Tax season used to be a month and a half shorter.

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PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Through a 70-question survey, TMF Group asked the accounting and tax professionals to assess their local regulatory climates. There are also an “extremely high number” of tax rules.

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PYMNTS

AUGUST 9, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. GPS Capital Markets, founded by Al Manbeian and Ryan Gibbon, posts between $20 million and $30 million earnings before interest, taxes, depreciation and amortization (EBITDA), one source told the publication.

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APRIL 6, 2018

And the jump in bitcoin prices in 2017 has created massive tax liabilities – to the tune of $25 billion, per a research note from Fundstrat Global Advisers , Reuters reported. As a result, investors may feel pressure to sell those assets – and the market could see a large outflow from digital currencies to the U.S.

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PYMNTS

MARCH 2, 2020

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. It shares about 80 percent of the market with H&R Block.

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PYMNTS

OCTOBER 27, 2017

India has overtaken the United States to become the world’s second largest smartphone market. According to news from a report by Canalys , smartphone shipments in India grew 23 percent year over year in Q3 2017 to reach just over 40 million units, making the country the world’s second largest smartphone market after China.

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PYMNTS

JUNE 23, 2017

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. trillion mobile payments market in China. Ant Financial operates Alipay, the popular mobile payments service in China. percent of Ant’s pretax earnings.

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PYMNTS

MAY 21, 2018

The balances on credit cards have grown at a fast pace — up 7 percent year over year in the early part of 2017. Reports indicate that the tax comes as Seattle considers the housing crisis at least partly brought on by a local economic boom that has spiked the cost of local real estate. Balances of the industry surpassed $1.03

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FEBRUARY 13, 2019

In addition, taxes generated by the industry grew by nearly 8 percent last year. And the state’s marijuana taxes, including licenses and fees from dispensaries, were more than $266.5 million in 2018 — up nearly 8 percent from $247 million in 2017. million in 2018 — up nearly 8 percent from $247 million in 2017.

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JANUARY 24, 2020

The Italian government is setting aside $3 billion for the venture, with the goal of cutting down on fraud and black market deals. He added that because of a thriving black market economy, more people in Italy use cash because it’s not as traceable as digital payments.

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DECEMBER 7, 2017

Nine years is a long time for anything to run — a TV show, your car, a bowling league — especially so the bull market that has stretched into the present day. And in the case of the ever-levitating markets, risk is indeed real. This is the magical period into year-end where tax considerations help lock in gains.

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APRIL 4, 2018

The financial publication noted that those late payments were lower for nine of the 11 categories tracked by the American Bankers Association (ABA), as measured sequentially from the third quarter of 2017. Payments ran the gamut of auto and personal loans and credit cards, among other borrowing activity.

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PYMNTS

FEBRUARY 28, 2019

With the tax cut in the rear window, the growth in the U.S. The slowdown in growth was partly due to a lack of stimulus from President Donald Trump’s tax cuts at the end of 2017. With concerns that the economy is heading toward a recession , the stock market has been on a roller coaster ride. trillion tax cut in 2017.

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PYMNTS

OCTOBER 8, 2019

Together, Bitfinex and Tether manipulated a market that, by design, is supposed to be decentralized,” states the lawsuit. Through the cooperation at the BIS Innovation Hub Centre in Switzerland, the SNB will be able to further expand its expertise in the area of financial markets and their infrastructures.

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PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

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PYMNTS

MARCH 30, 2018

tax deadline approaches, CNBC reported. Customers, in all, said they lost more than $11 million in 2017 due to tech support fraud. Bitcoin fell below $7,000 on Thursday (March 29) – and analysts expect sales of bitcoin and other cryptos to increase as the April U.S. The price of bitcoin was $6,826.68 as of 11:13 p.m.,

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PYMNTS

MAY 31, 2018

site, but the change comes amid a new sales tax on imported goods, Business of Fashion reported. site in November 2017. Even so, Australian shoppers face a new Goods and Services Tax (GST) on imported goods — a 10 percent tax on items worth less than around AUD$1,000 or $800 in U.S. While Amazon’s U.S. retailers.

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FEBRUARY 21, 2020

She’s alleging the city profited by that same amount selling medallions and by collecting a 5% tax on third-party transfers. These taxi medallions were marketed as a pathway to the American Dream, but instead became a trapdoor of despair for medallion owners harmed by the TLC’s unlawful practices,” she added. .

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DECEMBER 26, 2019

Analysts anticipate additional government reforms in 2020 could help improve stock markets, however. billion in 2017 prior to a notable fall to just $5.5 2019 has been the worst year from an IPO market perspective,” said Sandip Khetan, a partner at consultancy EY. billion in 2019. IPO value was at $11.7 billion in 2018.

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PYMNTS

OCTOBER 28, 2019

Wayfair’s case enabled cities and states to pass economic nexus laws that require out-of-state sellers to collect and remit taxes on local residents’ sales, and it permitted these jurisdictions to implement marketplace facilitator laws necessitating that eCommerce platforms collect and remit taxes on third-party merchants’ sales. .

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NOVEMBER 16, 2018

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. And though local U.S.

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JANUARY 5, 2018

labor market slowed a bit more than economists expected in December, with a noted slip in retail employment. Looking at all of 2017, CNBC said that retail as a whole gave up 70,000 jobs, with general merchandising responsible for 20,000 of those losses and department stores accounting for about 8,000.

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Jeff For Banks

NOVEMBER 1, 2017

Quarterly Financial Markets & Economic Update- October, 2017 I love this time of year. The markets have not given way to anything, with long term bonds still trading in a tight range and short term rates having risen from Fed action. The overall forecast for GDP in 2017 is 2%. in September, 2017.

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OCTOBER 8, 2019

Hiring continues to be a challenge as business owners not only struggle to find qualified workers in a tight labor market, but find professionals who will help that company achieve its goals. There is also the knock-on impact from the ongoing trade dispute between the U.S. PYMNTS breaks down the key data points from these reports below.

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MARCH 9, 2020

Intuit , the tax software company best known as being the enterprise behind QuickBooks and TurboTax , is looking into acquiring FinTech Finicity , according to reports. On Monday (March 9), the market saw Intuit’s shares dip 4.3 It was launched in 2010 and has been profitable since 2017, according to the company.

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PYMNTS

OCTOBER 1, 2019

Cloud computing, on the other hand, could bring in significant savings, while Big Data would enable “more surgical marketing.”. John Cryan, former Deutsche Bank boss, warned in 2017 that up to half of the 97,000-strong workforce of the bank could go.

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Technology FDIC US Big Data 217

Accenture

APRIL 21, 2017

European banks are in the midst of a ‘perfect storm’ of negative interest rates, regulatory pressures and market disruption, and are in search of new sources of value. The solution of choice for each bank must be qualified based on the specific characteristics of its client segments and local market considerations.

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JANUARY 17, 2018

There is a lot of panic in the market. At the time, police and tax authorities had reportedly been raiding local exchanges on alleged tax evasion charges. And, in 2017, bitcoin prices were hit by a significant downdraft in the wake of news that Chinese regulators put in place a ban on initial coin offerings , also known as ICOs.

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Bitcoin cryptocurrency Taxes Regulation 126

BankUnderground

JULY 25, 2023

Anecdotes about cash assistance from Mum and Dad have recently been backed up by evidence from Legal & General , which implies Bomad plays a non-trivial role in the housing market. Data are pooled from 2015 Q1–2017 Q1 inclusive for FTB borrowers. Data are pooled from 2015 Q1–2017 Q1 inclusive for FTB borrowers.

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JANUARY 3, 2017

Airbnb has $400 million or so in losses in London to look forward to in 2017, thanks to new regulatory enforcement of the 90-night limit for hosts. If its listings hold constant, Airbnb could see its bookings in 2017 drop by a third thanks to the new rules. billion in 2017.

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MARCH 13, 2017

70 percent of SMEs didn’t use tax software in 2016 , found Office Depot in its most recent Small Business Index survey. Nearly a quarter of small businesses said they still use paper forms when filling out taxes. There are so many options available to small businesses today, the executive added. 37 percent of SMEs in the U.K.

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JANUARY 10, 2020

With all the bright spots, wage growth “remains the one aspect of the job market that hasn’t fully recovered during the decade since the Great Recession ,” he said. The hiring slowdown was indicative of employers’ difficulty in finding enough workers, as well as worldwide economic trepidation and lingering effects of the 2018 tax cuts.

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