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DECEMBER 30, 2019

Merchants’ marketing departments may find bundling useful, but their accountants are less likely to see it positively — determining individual items’ tax obligations in the different states into which they are sold can be challenging, and putting offerings into bundles only magnifies complexities. Unpacking States’ Unbundling Policies .

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Taxes Retail Iowa Policies 130

PYMNTS

APRIL 16, 2019

tax authorities’ approach to small businesses that fall behind on tax payments. Reports in AltFi said Funding Options argued that the approach by HM Revenue and Customs (HMRC) to late tax payments is “too aggressive,” citing the high number of applications HMRC submitted to shutter small businesses.

Taxes 108

Taxes Payments Phoenix Regulation 108

PYMNTS

SEPTEMBER 3, 2019

A tax dispute between Intel and the Internal Revenue Service could cost large technology companies billions of dollars, according to a report by The Wall Street Journal. billion tax expense due to the case, and Alphabet turned around on a $418 million benefit. Facebook disclosed a $1.1

Taxes 116

Taxes San Francisco Regulation Company 116

PYMNTS

JANUARY 22, 2018

The financial publication Barron’s reported that regulations — new ones, rumored to be in the offing — were the impetus that sent the price skidding. As for the rumors (confirmed through a government announcement), in South Korea, several exchanges might be on the hook to pay taxes of as much as 24 percent on earnings from 2017.

Taxes 111

Taxes Bitcoin cryptocurrency Regulation 111

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.

Taxes 100

Taxes Policies Conference Training 100

PYMNTS

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.

Regulation 114

Regulation Company Taxes Analysis 114

PYMNTS

FEBRUARY 13, 2019

The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. In addition, taxes generated by the industry grew by nearly 8 percent last year. Last year, regulated marijuana sales in Colorado were nearly $1.55 billion the previous year.

Industry 155

Industry Colorado Taxes California 155

PYMNTS

MAY 3, 2018

Tax reform played a key role for several corporate successes in the first quarter of 2018. corporates both quarter over quarter and year over year for Q1 2017. ” Forty-four percent of survey respondents held larger cash and short-term investment balances by the end of the first quarter compared to the end of Q4 2017.

Taxes 100

Taxes Analysis Washington Report 100

PYMNTS

APRIL 26, 2019

The Indian government has drafted a bill that would ban cryptocurrencies and attempt to regulate any official digital money, according to reports. . He is believed to have been running the scheme since around the crypto surge at the end of 2017.

cryptocurrency 182

cryptocurrency Taxes Regulation Leadership 182

PYMNTS

JUNE 14, 2017

Tax and accounting compliance can be an overwhelmingly monumental task as companies expand their geographic footprint. Not only do regulations vary from jurisdiction to jurisdiction, but the consequences of non-compliance vary greatly, too. There are also an “extremely high number” of tax rules.

Compliance 146

Compliance Marketing Taxes Groups 146

PYMNTS

OCTOBER 1, 2019

John Cryan, former Deutsche Bank boss, warned in 2017 that up to half of the 97,000-strong workforce of the bank could go. The reasons, according to the past report: economic expansion, regulations put in place after the recession that are improving the risk at banks and President Donald Trump’s corporate tax changes.

Technology 217

Technology FDIC US Big Data 217

PYMNTS

FEBRUARY 28, 2019

Wirex, a cryptocurrency and fiat (real money) payments platform, is releasing a beta version of a regulated crypto-oriented business account, according to reports. to allow businesses to pay their corporate taxes in bitcoin. Last year, Ohio partnered with cryptocurrency company BitPay, and the state became first in the U.S.

Ohio 162

Ohio cryptocurrency Taxes Bitcoin 162

PYMNTS

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.

Taxes 177

Taxes Payments District of Columbia Alabama 177

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. Regulators blocked the deal from going through.

Taxes 130

Taxes Miami Software New York 130

PYMNTS

JANUARY 15, 2019

Malaysia’s initial coin offering (ICO) regulations are said to take effect on Tuesday (January 15) per a notice from the Securities Commission (SC) in the country, Coindesk reported. At the same time, it was said that those who engage in digital asset dealing will have to follow rules for anti-money laundering (AML), among other regulations.

Bitcoin 108

Bitcoin Regulation New York Video 108

PYMNTS

JANUARY 17, 2018

Bitcoin wasn’t alone in its fall, as other cryptocurrencies lost value over investor concerns that regulators would take measures to curb speculation. At the time, police and tax authorities had reportedly been raiding local exchanges on alleged tax evasion charges. at 5:25 P.M. according to CoinDesk.

Bitcoin 126

Bitcoin cryptocurrency Taxes Regulation 126

PYMNTS

JANUARY 16, 2020

17) that would relieve medallion owners from tax liability for debt forgiveness. “We The city rejected the offer, which was contingent on NYC dropping regulations that would limit the number of ride-hailing drivers in the city. State and city leaders are planning to announce legislation on Friday (Jan.

New York City 178

New York City New York Taxes Analysis 178

PYMNTS

MARCH 17, 2020

Craftmakers, according to the regulation, must sell as well as manufacture, with the retail side of the business-boosting commerce in mixed-use districts. The new regulations encourage interaction with the public by also mandating that the artisan businesses offer attractions such as tours and classes. and San Francisco. Starting Jan.

Retail 135

Retail Arlington San Francisco Milwaukee 135

PYMNTS

JANUARY 22, 2018

in December of 2017. Bitcoin wasn’t alone in its fall, as other cryptocurrencies lost value over investor concerns that regulators would take measures to curb speculation. At the time, police and tax authorities had reportedly been raiding local exchanges on alleged tax evasion charges. at 5:25 P.M., at 5:25 P.M.,

cryptocurrency 140

cryptocurrency Bitcoin Taxes America 140

Independent Banker

MARCH 31, 2022

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

PYMNTS

SEPTEMBER 13, 2017

. “Because of that complexity, taxes are more complex – it’s a snowball effect. The way taxes are done in the construction industry is different than in other industries.” ” Indeed, the construction industry has dizzying tax rules that don’t apply to other verticals. .”

Management 129

Management Taxes Industry Trends 129

PYMNTS

MAY 4, 2018

To find companies that may be using software to fix prices, EU regulators may create their own algorithms. Through an inquiry in 2017, the European Commission discovered that two-third of retailers use software tools to monitor prices from their competitors.

Regulation 123

Regulation Software Taxes Study 123

PYMNTS

FEBRUARY 23, 2018

The company disclosed it “self-reported” the findings to regulators, said Reuters, as pertains to Regulation Z and the CARD Act. In other news gleaned from the filing, unreserved legal costs in their entirety have been estimated at $1 billion as of the end of 2017, down from the $1.5

Cards 109

Cards United States Regulation Taxes 109

Abrigo

JUNE 27, 2023

Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. The limited regulation around the real estate industry has made it especially easy for these bad actors to cycle their dirty money into the financial system using this avenue. In 2017, over 5.51

El Paso 195

El Paso United States Miami New York City 195

PYMNTS

DECEMBER 18, 2017

Amid these changes is a world of regulatory shifts, from tax reform in the U.S. 50 percent of North American CFOs believe large companies will benefit the most from tax reform , according to a new CNBC survey. 3 percent more Chinese CFOs reported they were less optimistic in Q3 2017 than they were in Q2, according to Deloitte.

Taxes 109

Taxes Survey Analysis Big Data 109

Abrigo

FEBRUARY 2, 2020

The importance of FinCEN’s Customer Due Diligence (CDD) Rule , effective May of 2018, is evident, and regulator expectations are high. The CDD Rule amended the Bank Secrecy Act regulations to strengthen customer due diligence requirements for financial institutions. BSA Rules and Regulation. In fact, the U.S. In fact, the U.S.

United States 195

United States Regulation Delaware Policies 195

PYMNTS

SEPTEMBER 14, 2018

The company disclosed it “self-reported” the findings to regulators, as pertains to Regulation Z and the CARD Act. In other news gleaned from the filing, unreserved legal costs in their entirety have been estimated at $1 billion as of the end of 2017, down from the $1.5 billion, up from an earlier disclosure of $22 billion.

United States 134

United States Taxes Regulation Cards 134

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

Retail 109

Retail Taxes Virginia South Dakota 109

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. .

Taxes 105

Taxes South Dakota Retail Arizona 105

PYMNTS

MARCH 4, 2019

According to a report in Reuters , citing Finnish broadcaster Yle, which had access to leaked documents, the money came from companies registered in countries with tax havens, including the British Virgin Islands, Panama and Belize. The investment firm rates Nordea at underperform.

Virgin Islands 116

Virgin Islands Taxes Regulation Groups 116

PYMNTS

JULY 20, 2018

million in 2017 and $5.2 Senate panel voted to block an amendment that would allow banks to open accounts for marijuana businesses without being punished by federal regulators. “It is a validation for us and the entire sector that [cannabis] is a global opportunity,” Kennedy said. “It It signifies a global shift in perception.”.

Company 144

Company Capital Taxes Industry 144

PYMNTS

FEBRUARY 1, 2021

As Camporeale told Webster, Italian banks were among the first to adopt the SEPA instant credit transfer schemes, back in November 2017. The FIs, in turn, should consider making special offers for users and incentivizing low-value, high-frequency transactions — including cash back for consumers and tax rebates for merchants.

Payments 250

Payments Cards Taxes System 250

PYMNTS

JANUARY 12, 2017

Analysis from Bloomberg BNA in its “ 2017 Outlook — International Payroll ” report released just before the new year suggests data protection has become a paramount concern for payroll managers. One of these regulations is the Privacy Shield agreement, which regulates how data is moved between the EU and U.S. In the U.K.,

Data 100

Data Taxes Compliance Regulation 100

CFPB Monitor

JANUARY 9, 2020

The New York Department of Financial Services has sent a letter to the institutions that it regulates requiring each such institution, by February 7, 2020, to provide to DFS a description of its “plan to address its LIBOR cessation and transition risk.” (LIBOR is the acronym for the London Inter-Bank Offered Rate.).

Regulation 78

Regulation New York Management Taxes 78

PYMNTS

NOVEMBER 13, 2017

Small business owners have a lot on their plates today and, depending on who one asks, top concerns range from taxes to late invoice payments. Bank of America also found in a fall 2017 survey that nearly three-quarters of SMBs expect their 2017 year-end revenues to beat 2016’s figures.

Taxes 105

Taxes Survey Capital America 105

PYMNTS

DECEMBER 27, 2016

“Our overarching mission is to provide compliance services for small businesses, businesses that don’t have in-house attorneys or tech professionals, to provide the info that small businesses need to comply with employee management and tax reporting requirements,” said Susan Drenning, president of ComplyRight Inc.

Regulation 100

Regulation San Francisco Trends Nebraska 100

PYMNTS

DECEMBER 10, 2018

The business was handling trusts in low-tax locations like Germany and the Virgin Islands. In October of 2017, a deal was reached to sell the unit to N.T. The unit, which was based in the British Virgin Islands, was part of the bank’s Global Trust Solutions (GTS) business, which had been for sale since 2016.

Virgin Islands 167

Virgin Islands Taxes America Report 167