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New India Tax Prompts Pushback By Amazon And Flipkart

PYMNTS

Amazon and Flipkart are pushing back against a proposed Indian tax on the online eCommerce market, saying it will stymie growth in the industry, according to a report by Reuters. . The tax would be 1 percent on every sale made by a seller on the eCommerce platforms, and it would take effect in April if approved by the country’s parliament.

Taxes 159
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Data Governance in Banking and Financial Services – Importance, Tools and the Future.

Perficient

In the banking sector, data governance is more than just a compliance checkbox. These rules are about as fun as reading tax code, but they’re crucial in ensuring customer data is protected, privacy is maintained, and banks don’t end up with regulators breathing down their necks. Why is Data Governance Such a Big Deal?

Tools 221
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Libra Forces Cryptocurrency Regulators To Reexamine Procedures

PYMNTS

The Cost of Compliance. The projected 2020 cost of AML compliance across all U.S. were equally split between regulatory compliance (69 percent) and reputational risk (69 percent), though reputation was a larger motivation among larger companies. financial institutions (77 percent) for AML compliance.