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Amazon (And Others) Brace For India’s New eCommerce Tax

PYMNTS

The jousting over eCommerce taxes — especially for U.S. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government.

Taxes 175
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Data Governance in Banking and Financial Services – Importance, Tools and the Future.

Perficient

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.

Tools 221
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The Rapid Rise Of Social Credit Scores 

PYMNTS

million times last year for offenses such as unpaid taxes and fines. million times from purchasing train tickets, and 128 people were blocked from leaving the country because of unpaid taxes. The report’s authors predict that by 2026, the concept of social credit systems will be entirely mainstream in the U.S.

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Libra Forces Cryptocurrency Regulators To Reexamine Procedures

PYMNTS

Cloud-based KYC activities were among the new technologies most used by U.S. Smaller companies were less likely to report investing in and using AML technologies. percent from 2019 to 2026, the technologies’ high costs and lack of skilled IT professionals prevent the market from doing so more quickly.

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Building A More Compliant Cannabis Industry With The Blockchain

PYMNTS

The cannabis industry brought in a little over $6 billion in revenue in 2016 — a figure that some estimate will grow to as much $50 billion by the year 2026. Ralston argued it’s a situation blockchain technology is uniquely well-suited to solve. The problem is not in moving the supply. As a point of comparison, U.S.