PYMNTS

DECEMBER 27, 2019

Retailers that want to sell merchandise nationwide must pay attention to how each state’s tax code treats their goods. For example, products considered to be exempt medical necessities in some states might be taxed at high rates in others. 100: Minimum number of local tax codes in Alaska.

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Chris Skinner

SEPTEMBER 30, 2018

Things we’re reading today include … Digital start-ups complain they’re being frozen out of £775m RBS remedies contest City minister vows to defend London London’s online trading groups hit by European crackdown Overseas banks push for tax cuts ahead of Brexit How the IMF can manage the global economy better … The post Things (..)

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PYMNTS

DECEMBER 26, 2019

Merchants aiming to sell nationwide must pay attention to how their goods are treated by each state’s tax code. Items considered as exempt medical necessities in some states may be taxed at high rates in others, and businesses cannot afford to be caught by surprise. Around The Next-Gen Sales Tax Wor ld.

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PYMNTS

JANUARY 17, 2020

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment of tax issues. Taxing Confusion. billion in 2022.”.

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Chris Skinner

DECEMBER 19, 2018

Things we’re reading today include … Cashless revolution ‘happening too fast’ as millions of consumers face exclusion from shops and restaurants JPMorgan tries to streamline spending in tech arms race High taxes could hasten bank moves from Britain after Brexit MPs call for resignation of Lloyds Bank CEO Investors revolt … (..)

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Taxes 172

Chris Skinner

MARCH 21, 2018

Deutsche Bank Falls as CFO Warns of Securities Unit Headwind Economists promote low-volatility cryptocurrency backed by dollars EU launches £4.4bn tax raid on tech giants Europe’s banks told to keep planning for full Brexit in 2019 … The post Things worth reading: 22nd March 2018 appeared first on Chris Skinner's blog.

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Taxes cryptocurrency Security 190

Chris Skinner

JUNE 20, 2018

million France and Germany strike deal on draft for eurozone integration Visa admits 5m payments failed over a broken switch UK could lose £10bn a year in City-related tax … The post Things worth reading: 20th June 2018 appeared first on Chris Skinner's blog.

Taxes 177

Taxes Fraud Report Payments 177

PYMNTS

JANUARY 30, 2020

Zermatt, a ski resort town of 5,400 residents in Switzerland, has decreed that cryptocurrency bitcoin can now be utilized to pay taxes and other government services, Bloomberg reported. One percent of all bitcoin transactions are criminal in nature, nearly doubling since 2018.

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Bitcoin Taxes cryptocurrency blockchain 153

Chris Skinner

FEBRUARY 20, 2018

Things we’re reading today include … Bitcoin has ‘pretty much failed’ as a currency, Bank of England Governor Carney says HSBC profits more than double to $17.2bn Top City regulator used tax break scheme Venezuela launches oil cryptocurrency MPs publish full unredacted report into RBS small business scandal HSBC warns … The post Things (..)

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Bitcoin Taxes cryptocurrency Regulation 177

PYMNTS

NOVEMBER 26, 2019

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. .

Taxes 141

Taxes South Dakota District of Columbia Compliance 141

Chris Skinner

MAY 3, 2018

Things we’re reading today include … People in Sweden barely use cash Goldman Sachs opens cryptocurrency trading desk Make Bank of America great again HSBC reports surprise pre-tax profit fall Commonwealth Bank board ‘asleep at the wheel’ during scandals, advocates say TSB tells customers: ask your local postman what your … (..)

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Taxes cryptocurrency America Report 164

PYMNTS

NOVEMBER 25, 2019

Isaacson, a lawyer, Bowdoin College professor, senior partner at Brann & Isaacson and Data & Marketing Association tax counsel, argued Wayfair’s side in the precedent-setting Supreme Court case that has small businesses struggling. is the only country that has such a complex consumption tax system.” .

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PYMNTS

JANUARY 29, 2020

businesses are likely already feeling tax season’s pressures. Filing is exhausting and complicated for individuals, and businesses experience those tax difficulties to a far greater degree. SMBs And Manual Tax Frustrations. Digitizing these processes can ease SMBs’ tax frustrations. Spring may seem far away, but U.S.

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PYMNTS

JUNE 10, 2020

Beyond the challenges of the pandemic that is forcing businesses to grapple with all manner of operating challenges, tax complexity has been building over the years on a global stage — and it’s only going to increase. One significant example can be found in the 2018 Supreme Court ruling known as South Dakota v.

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Taxes South Dakota Software Compliance 131

PYMNTS

JANUARY 15, 2019

Bitcoin investors took a massive hit in 2018 – and, according to personal finance company Credit Karma, most of them don’t realize they can write off the losses on their tax returns. According to a report in MarketWatch , citing Jagjit Chawla, general manager of tax at Credit Karma, U.S. investors lost $1.7

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Taxes Bitcoin cryptocurrency Survey 179

PYMNTS

FEBRUARY 7, 2019

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative. percent rate.

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PYMNTS

AUGUST 30, 2019

The only certainties in life, the saying goes, are death and taxes. We’ll underscore the certainty of the latter — taxes — for eCommerce firms and sales taxes , especially. Although taxes may be certain — just how much tax is due, and where, and perhaps even when, are all variables that are far from certain.

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Taxes South Dakota United States Policies 136

PYMNTS

JANUARY 29, 2019

Paying business taxes is a key source of friction for many legal marijuana companies in the nation, particularly for companies that operate on a cash-only basis. A lawsuit in New Mexico is reigniting the debate over marijuana business taxes, only this time, the controversy surrounds how to classify these companies under state tax code.

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New Mexico Taxes Operations National 134

PYMNTS

SEPTEMBER 4, 2019

Merchants must handle the sales tax compliance obligations of each locale from which they receive money if they want to sell online. The complexities of sales tax compliance affect business decisions by both sellers and marketplaces, according to Ted Hettich, chief sales officer at U.K. Deciphering obligations. he said. .

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Taxes Policies Compliance Retail 131

PYMNTS

SEPTEMBER 4, 2019

Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. States can now tax sales by companies that do not have a physical presence within the state. Will this increasingly regulated online sales tax environment affect this growth? Online Sales Tax and Marketplaces.

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PYMNTS

DECEMBER 16, 2019

Is there a better way to deal with online sales taxes ? 8 percent: Rise in number of small businesses using their FIs’ mobile banking apps between 2018 and 2019. . 8 percent: Rise in number of small businesses using their FIs’ mobile banking apps between 2018 and 2019. Will fraudsters run wild this holiday shopping season ?

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Taxes Online Mobile Data 130

PYMNTS

APRIL 5, 2018

Filing taxes is hardly a walk in the park. Fortunately, online tax filing solutions have helped cut through the mounds of paperwork that go into preparation and filing — and consumers seem to be rejoicing. As of March 16, 2018, the Internal Revenue Service (IRS) reports approximately 72.7 Expediting the return process.

Taxes 100

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PYMNTS

NOVEMBER 29, 2019

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. At the same time, navigating tax policies is proving to be a complex business. tax policy at Avalara , noted that this holiday season is the second one post-Wayfair. The hard part?

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Taxes South Dakota New York Nebraska 134

PYMNTS

MAY 22, 2019

As relayed in recent coverage and interviews with Fundbox and Keeper Tax, the needs (and opportunities) are significant. 20 percent: Keeper Tax’s estimate of gig workers’ tax “overpayment.”. percent: Share of gig economy workers with specialized skills, measured at the end of 2018. .

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Taxes Lending Data Operations 134

PYMNTS

DECEMBER 17, 2018

17) that he wants France to start taxing big tech giants beginning Jan. The idea comes after years of negotiations at the European level, where France and other larger European countries have tried and so far failed to convince smaller countries that tech companies have been taking advantage of the region’s tax structure.

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Taxes Google Apple Meeting 122

PYMNTS

SEPTEMBER 3, 2019

Merchants working to expand and sell online in more markets must comply with each market’s local sales tax regulations, however, and that is an increasingly complicated task. Levy laws can vary widely between states, with one state taxing a product that another does not, for example. Around The Next-Gen Sales Tax World.

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Taxes South Dakota Online Report 133

PYMNTS

JANUARY 10, 2019

After the holiday season comes tax season — everyone’s favorite time — but at least the payment of taxes, along with the tax refund process, promises to become even more digital this year. And digital payers are striving to win more business from tax filers this year. Rise of Quicker Payments. New Products.

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Taxes Report Payments System 120

PYMNTS

SEPTEMBER 3, 2019

eCommerce firms are navigating a tax collection environment that increasingly requires technology and automation to ensure compliance. 2018: The year of the Supreme Court decision in the South Dakota vs. Wayfair case. All this, Today in Data. Data: 8,000: Square footage of The North Face’s recently opened store in Soho.

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Taxes South Dakota Technology New York 122

PYMNTS

SEPTEMBER 27, 2019

In a move that increases pressure on multinationals, European Union commissioners-designate said the bloc should come to an agreement on a digital tax if a deal doesn’t happen at a worldwide level by the conclusion of 2020. He would aim to prevent separate bloc governments from having the ability to nix tax decisions.

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Taxes Report National Company 128

PYMNTS

FEBRUARY 26, 2019

to allow businesses to pay their corporate taxes in bitcoin. The Cambridge Centre for Alternative Finance released a study last year, finding a sharp increase in the onboarding of new cryptocurrency users, rising from 18 million at the end of 2017 to 35 million at the end of 2018, Invest in Blockchain reports said.

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Taxes Ohio cryptocurrency Payments 145

PYMNTS

JANUARY 4, 2017

Tax reform in the U.K. Government authorities are set to publish proposals that would require SMEs to submit quarterly tax returns online, reports said Tuesday (Jan. It’s an initiative, dubbed Making Tax Digital, the U.K. It’s an initiative, dubbed Making Tax Digital, the U.K.

Taxes 120

Taxes Report Online Software 120

PYMNTS

OCTOBER 28, 2019

The 2018 South Dakota v. Wayfair case that allowed states and individual cities to launch tax policies aimed at remote sellers and marketplaces is still reverberating in 2019 and will likely affect online retail in 2020. In Q3 2019, 14 states started collected online sales tax and 11 more followed in October. eBay Makes a Deal.

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Taxes Online San Jose South Carolina 102

PYMNTS

OCTOBER 24, 2019

The 2018 South Dakota v. Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. Online retailers aren’t sitting still when faced with new taxes — and some are even fighting back in court.

Taxes 101

Taxes San Jose Kansas South Dakota 101

PYMNTS

NOVEMBER 6, 2018

France is plowing ahead with its vision for a European Union-wide digital tax, with the country’s Finance Minister Bruno Le Maire saying he wants the tax approved by the end of 2018. ” He noted that a delay could raise the risk of individual countries that are in favor of the tax, including the U.K.

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Taxes Google Apple Regional 122

Bankelele

APRIL 10, 2018

During a funding session for entrepreneurs last year it was revealed that Kenya has an amnesty for people to declare offshore wealth and repatriate this and that the country expected $3 billion in extra collections from this initiative in 2018. The post Kenya Tax Amnesty 2018 appeared first on Bankelele.

Taxes 40

Taxes 40

TheGuardian

AUGUST 11, 2022

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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Taxes Fraud 78

PYMNTS

SEPTEMBER 6, 2017

Sweden is looking to become an epicenter for entrepreneurs and hopes to entice small businesses to set up shop, thanks to tax legislation changes in the country. Reports said legislators are also planning to lessen payroll taxes for small businesses. Reports Tuesday (Sept. billion for extra spend.

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Taxes National Report Groups 128