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

PYMNTS

The jousting over eCommerce taxes — especially for U.S. firms operating on an international scale — is about to get more heated. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small.

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Indonesia Reduces Import Tax Threshold To Protect Smaller Firms

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Indonesia has announced it’s going to reduce the threshold for taxing imported eCommerce consumer goods from $75 to $3, to help control the purchases of cheap foreign goods and help protect smaller Indonesian firms, according to a report by Reuters. They’ll be taxed at a rate of 32.5 million last year and 6.1 percent to 37.5

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Tax Reform Shows Early Signs Of SMB Bank Lending Impact

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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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Digital Taxes, Big Tech In Regulatory Focus As 2020 Dawns

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As 2020 dawns, regulators are continuing to focus on taxes and possible anti-competitive behavior on the part of tech’s marquee names. tech firms, placing laws on the books that would restrict content offered by those companies. One continuing theme that will play out into the new year (and well beyond): taxes.

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How Smarter Payment Tools Make Filing Taxes Less Taxing

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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. The average federal tax refund is $2,960 — $3,091 for direct deposit filers — as of March 2018.

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As The Online Tax Man Cometh, Will Smaller Retailers Embrace Marketplaces?

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As commerce has, increasingly, moved into the digital realm, and even the smallest merchants have gone omnichannel, tax policy has evolved as well — although perhaps it may be more apt to say tax policy has scrambled to keep up. Thus far, a bit more than a year after the ruling, tax policy remains fragmented.

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How Prepaid Cards Played A Role In El Chapo’s Global Drug Operation

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That story , repeated in at least two books about Escobar, may or may not be exaggerated. Criminals can direct federal or state tax authorities to issue fraudulent tax refunds on prepaid debit cards.”. Prepaid access cards are used by criminals in a variety of ways,” the agency said.

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