PYMNTS

JULY 1, 2019

With the idea of pegging Libra’s value to a basket of international currencies, Facebook ’s proposed cryptocurrency would bring tax challenges to European users, per tax lawyers. As a result, capital gains and losses would be created. This seems to us to be a significant barrier to wide adoption.”.

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Taxes social media cryptocurrency Capital 115

PYMNTS

MAY 28, 2020

South Korea is pondering a modification to its tax law which could place taxes on cryptocurrencies. The Ministry of Economy and Finance issued a simple statement that it would be “considering capital gains tax or other income tax on profits made by domestic and foreign investors in the transfer of virtual assets.”.

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Taxes Bitcoin cryptocurrency blockchain 142

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

BankUnderground

JUNE 8, 2022

There is a lively debate about whether and how capital regulations for banks and insurers should be adjusted in response to climate change. Incorporating climate-related risks into the capital regime will require a reliable methodology to measure these risks. Marco Bardoscia, Benjamin Guin and Misa Tanaka.

Capital 131

Capital Policies Tools Regulation 131

PYMNTS

MARCH 6, 2019

Business advocacy groups are fighting a proposed financial transaction tax aimed at limiting high-frequency trading, and decreasing the budget deficit. However, many business advocacy groups are coming out against the proposed tax, including Modern Markets Initiative (MMI), which advocates for high-frequency trading. ”

Taxes 109

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PYMNTS

JANUARY 16, 2020

“In order for there to be mass adoption, the path forward is a regulated, compliant exchange system that clients have become accustomed to in traditional finance.”. The tax is called a retention tax, which is an income tax paid to the government by the income payer and not its recipient. 16) by Cointelegraph. .

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Taxes Bitcoin cryptocurrency National 131

PYMNTS

FEBRUARY 1, 2021

German Finance Minister Says OECD Digital Tax Deal Likely By Summer. The finance minister of Germany sees OECD member states attaining a deal by the summer on levying a tax on major digital firms. OECD member states have until this summer to come to a consensus on a tax. London, we’ve arrived!

social media 236

social media Taxes Payments Apple 236

PYMNTS

JANUARY 26, 2018

And lest you think changes in tax policy sow confusion only in the United States, think again. Bitcoin breeched a key psychological barrier on news that the South Korean government would tax income earned by virtual currency exchanges to the tune of 24.2 This past week saw a wild ride. For someone in the U.S.,

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Bitcoin Taxes cryptocurrency Regulation 123

BankUnderground

FEBRUARY 27, 2025

Carlos Can Salazar, John Thanassoulis and Misa Tanaka Several global financial centres, including London, Hong Kong and Singapore, are overseen by financial regulators with an objective on competitiveness and growth. How much do financial regulators care about growth? What happens when several regulators have a growth objective?

Regulation 52

Regulation Strategy Mobile Analysis 52

BankBazaar

JULY 9, 2024

Amidst tax filing season, understanding the necessity of filing a NIL income tax return can save you from potential hassles and bring financial benefits. As tax season approaches, many people may wonder about the necessity of filing an income tax return (ITR) when their income falls below the taxable threshold.

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PYMNTS

JANUARY 7, 2020

In other crypto news , cryptocurrency tax automation software TaxBit has raised $5 million in funding. Investors in the venture include TTV Capital, Dragonfly Capital Partners, Collaborative Fund, Winklevoss Capital, Valar Ventures, Global Founders Capital, Table Management, Album VC and more. . ”

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Bitcoin blockchain Taxes Austin 132

PYMNTS

NOVEMBER 4, 2019

have resulted in a delay for legislation that is now in draft form, which would include a provision to tax larger tech firms that derive sales from the region. The bill has proposed a 2 percent tax on revenues for firms as diverse as Facebook and Amazon. As noted by Bloomberg last week, the December elections on deck for the U.K.

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Taxes Fraud Data Regional 101

PYMNTS

MAY 3, 2018

Tax reform played a key role for several corporate successes in the first quarter of 2018. “The optimism generated from corporate tax reform seems to have done little to persuade organizations to spend their cash during the early months of 2018,” Kaitz said in a statement.

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Taxes Analysis Washington Report 100

PYMNTS

MAY 3, 2016

The latest findings from Capital One’s Spark Business Barometer found a significant decline in small business optimism this year compared to their sentiments this time last year, reports said on Monday (May 2). Capital One did uncover good news, however. The economy may be in recovery, but small businesses in the U.S.

Capital 100

Capital social media Leadership Millennials 100

Abrigo

APRIL 19, 2022

“Owners and guarantors may be sources of business capital, but in down economies they become users of business cash flow, depending on their personal and other business obligations. Not analyzing (or requesting) all of the necessary tax forms Tax returns and their supporting schedules are vital to performing a GCF analysis correctly.

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PYMNTS

MARCH 21, 2019

JPMorgan Chase CEO Jamie Dimon said tech giants need to brace themselves for a similar slew of tough regulations to what big banks faced after the financial crisis. ” In addition, Google was just hit with its third antitrust fine by European Union (EU) regulators. This time, the company was fined €1.49 billion ($1.7

Google 139

Google Taxes Regulation Company 139

Bank Innovation

MAY 11, 2017

understand that 1) massive amounts of European capital flow to the U.S. company owned servers and 3) regional jurisdictional data, payments and identity infrastructure is inevitable and the most effective way to manage those threats is by giving would-be-global European firms a competitive edge in the form of regulation.

Regulation 252

Regulation Regional Apple America 252

PYMNTS

AUGUST 5, 2020

Helium 10 has launched its new Alta program, which will let Amazon sellers access “robust digital wallet, rapid approval credit lines, daily advances on Amazon payments, international direct payment and tax management,” according to a press release. ” .”

Taxes 147

Taxes Capital Payments Management 147

BankUnderground

APRIL 28, 2023

This post investigates whether large and small banks in the UK and US differ in the cyclical patterns of capital positions and credit provision. The reforms aimed to ensure that banks have sufficient capital resources to absorb losses and reduce the cyclical effects of bank capital (and regulation) on the supply of bank credit in stress.

Capital 105

Capital Lending US Data 105

PYMNTS

FEBRUARY 1, 2021

While payroll may appear to be among the least volatile areas of capital outflows, there are plenty of factors that cause fluctuations in how much money is issued to employees — and when and how they get paid. That whole process is time-consuming and difficult, and ripe for a bunch of errors," he said. Cash Flow Implications.

Strategy 247

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BankUnderground

NOVEMBER 8, 2023

In a new working paper , we show that cap-and-trade schemes lead to lower volatility in GDP and financial variables, and result in reduced welfare costs of the business cycle , when compared to the more widely known carbon taxes. At the heart of the model are intermediate polluting firms in a capital-intensive sector.

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PYMNTS

FEBRUARY 10, 2017

Belgium’s capital city is becoming known for more than just housing major international institutions like EU Parliament, EU Commission and NATO. Its capital city of Brussels, which serves as a home base for various international organizations, is working to also becomes a top contender as a global tech center.

Capital 100

Capital Regional Innovation Fintech 100

PYMNTS

APRIL 23, 2019

Bookkeeping is at the core of many essential processes in the back office: tax filing, working capital management and access to financing, to name a few. In the case of accessing capital, the Federal Reserve ‘s latest analysis has suggested that small business demand for financing in the U.S. The firm secured $1.8

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Fintech Taxes Capital Analysis 154

PYMNTS

DECEMBER 4, 2020

SellersFunding Expands Working Capital Services To Canada, UK, EU. It offers services via a combination of access to working capital, daily advances and global cross-border payment features, allowing for an end-to-end picture of how a company is doing. Intuit Closes $8.1 Billion Dollar Deal For Credit Karma.

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Taxes Capital Company Regulation 153

BankUnderground

APRIL 3, 2025

This post is an example of issues considered under the Prudential Architecture Theme which focuses on the evolving regulatory structures and fresh strategic issues for regulators and supervisors. Loan forbearance features prominently among those interventions by lenders and/or regulators. and depressed capital productivity by 0.5%

Lending 52

Lending Tools Management Policies 52

PYMNTS

MARCH 12, 2020

Meanwhile, as the tax authority in Australia puts digital currency traders in its sights, many people in the country will get a warning in the following weeks from the Australian Taxation Office (ATO), news.com.au Digital currencies, for their part, are seen as a property type and an asset when it comes to capital gains tax.

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Security Bitcoin Taxes United States 130

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. Luckily, research from Bank of America, Wells Fargo, Capital One and others often point to one thing: Despite the challenges, small businesses are optimistic.

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Taxes Survey Capital America 105

PYMNTS

SEPTEMBER 25, 2018

The company has raised more than $205 million from Kleiner Perkins, August Capital, Shasta Ventures and Google Ventures. could face regulation similar to that of traditional car rental companies. The expansion comes as Turo and other car-sharing services in the U.S.

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San Francisco Maryland Illinois Taxes 122

Abrigo

SEPTEMBER 1, 2021

financial institutions' improved compliance with Bank Secrecy Act and anti-money laundering regulations, such as cash reporting requirements.” . With this in mind, Financial Institutions should be aware of transactions involving China that are at or near the Capital Flight Restriction (50,000.00 BSA Rules and Regulation.

Training 195

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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.

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Community Bank Community Industry Texas 239

PYMNTS

DECEMBER 10, 2020

Plus, HM Treasury is seeking input on the challenges that the sharing economy brings for value-added tax (VAT). In today’s top payments news around the world, Xoom is now offering clients in the U.S., Canada, Europe and U.K. the ability to send secure funds to 12 countries in Africa for a reduced fee, while Volante Technologies Inc.

Payments 178

Payments Google Technology Taxes 178

PYMNTS

NOVEMBER 5, 2018

So too, for that matter, has the crypto space at large, where hundreds of billions of dollars in market capitalization have been lopped off by investors, as evidenced by nadirs seen over the summer. As has been seen before and will be seen again, the specter of regulation is likely to set off a stampede for the proverbial (crypto) door.

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Bitcoin Regulation cryptocurrency Marketing 187

PYMNTS

JANUARY 11, 2021

For its part, Paxos describes itself as a regulated financial institution that builds infrastructure to enable movement between physical and digital assets. There’s also the fact that different federal agencies are simultaneously drafting and enforcing conflicting regulations. We need capital for three reasons really,” he said.

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blockchain Bitcoin Regulation System 193

PYMNTS

JULY 20, 2018

It is a big deal for the cannabis industry’s expansion plans,” said Matthew Kennedy, an IPO market strategist at Renaissance Capital, which runs exchange trade funds that buy newly listed shares. And at $22.39 at the close of trading on Thursday (July 19), the company had a market value of nearly $2 billion. “It Last month, a U.S.

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Company Capital Taxes Industry 144

PYMNTS

JANUARY 1, 2021

The pandemic-induced challenges have also been taxing for community financial institutions (FIs) and credit unions (CUs), as many were not designed to operate remotely. regulations.”. Credit Union. The past year has been one of the most trying in recent memory for lenders as well as consumers. consumer paycheck as possible.

Trends 259

Trends Video Retail Payments 259

PYMNTS

JULY 21, 2017

to push forward regulations that will promote growth. Bancorp and Morgan Stanley have echoed similar sentiments, stating government regulations will be key for further growth. According to Morgan Stanley CEO James Gorman, lower corporate taxes and more streamlined bank regulation could “allow U.S.

Washington 100

Washington Taxes Regulation Analytics 100

PYMNTS

DECEMBER 12, 2018

Nowhere does that ring truer than in the nascent and growing legal cannabis industry, where billions of dollars flow the old-fashioned way — hand to hand, because of the clash between federal and state regulations over its legality. It’s about small business loans, mortgages for facilities, and funding for capital improvements.

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Company Taxes Compliance Industry 170