PYMNTS

APRIL 1, 2019

California is gearing up to get a tax windfall from all the initial public offerings of California companies slated for this year. According to a report in The Wall Street Journal , close to 10 percent of the tax revenue for the state in the coming fiscal year will come from capital gains. billion, noted the report.

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California Taxes Report Capital 126

PYMNTS

JANUARY 21, 2020

To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of course). As initially reported by The Korea Times , and as attributed to anonymous government officials, the ministry has directed its income office to examine the taxation of cryptos. Tax Policy Still Fluid.

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PYMNTS

APRIL 23, 2020

After previously indicating that he supported increased tax rates but was against a wealth tax concept, billionaire investor Leon Cooperman said in a televised interview that the coronavirus emergency will “likely” change capitalism permanently and taxes will need to be increased before long, according to a CNBC report.

Capital 131

Capital Taxes Regulation Report 131

Perficient

JUNE 30, 2022

As reported by the World Bank, in 2021 the GDP of The Bahamas was $9.91 In 2022, FTX broke ground on its new headquarters in Nassau, the country’s capital. In April 2022, Nassau, the capital of the Bahamas, hosted the invitation-only Crypto Bahamas Conference. Let’s start with a checklist: Toes in the sand? Drink in the hand?

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PYMNTS

FEBRUARY 16, 2020

Small and medium-sized businesses (SMBs) in Australia are being reminded by the country’s tax office that owing money to the agency is not OK, Broker News reported Friday (Feb. 13) that SMBs will soon face new risks for holding off on tax payments and using the Australia Tax Office (ATO) “as a bank.”.

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Bank Innovation

FEBRUARY 18, 2020

billion in costs and reallocates capital away from underperforming units. The top-10 global bank reported Tuesday that in 2019, net profit fell 53% to $6 billion, while pre-tax profits fell 33% to $13.3 […]. HSBC, a global bank with $2.7 trillion in assets, is blazing a new path for its U.S. business as it cuts $4.5

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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. These issues would hamstring the digital currency’s mainstream adoption, the Financial Times reported.

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PYMNTS

MARCH 10, 2017

Earlier this year, the Treasury Inspector General for Tax Administration reported that there was a reduction in the number of fraudulent tax returns identified between 2013 and 2015. What’s Next In Tax Fraud. As of February, the number of mentions in 2017 so far was already over 40 percent of the 2016 total.

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Taxes Fraud Risk Management Data 144

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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PYMNTS

DECEMBER 23, 2019

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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PYMNTS

MAY 28, 2020

Bitcoin transaction fees are simmering back down to ordinary levels after a heavy wave of them in early May, reports suggest. Earlier in the month, they had hit a high of around 201 BTC on May 21, reports from blockchain intelligence firm Glassnode say. The transaction fees are now around 80 BTC paid to miners on Tuesday (May 26).

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Taxes Bitcoin cryptocurrency blockchain 142

PYMNTS

FEBRUARY 23, 2020

Intuit is known for making online tax filing service TurboTax, which is used by millions of people. Credit Karma offers a number of services including free access to one’s credit score and borrowing history, alerts to potential data breaches, and tax preparation and filing.

Report 180

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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.

Taxes 122

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PYMNTS

FEBRUARY 14, 2020

A section of the IRS website telling people that the online currency from the popular game Fortnite was subject to federal taxes has been removed as of Wednesday (Feb.12). Experts say V-bucks, as well as other, similar game currencies, are a new field that will need to be reported in some way on one’s taxes.

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PYMNTS

JANUARY 26, 2021

The round, headed up by Sequoia Capital , doubled the company’s total funding to $120 million, the release stated. And, Pilot helps SMBs get tax credits they might have missed out on, according to the release, including a research and development payroll credit that can go up to $250,000.

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Millennials Taxes Boston Analysis 262

PYMNTS

JULY 1, 2020

billion non-cash goodwill charge before tax, as the retailer’s long-haul forecast and market capitalization shifted, mainly due to the coronavirus health crisis. Macy’s said it had net sales of just over $3 billion, as reported in the past, and adjusted diluted loss per share of $2.03. Macy’s Inc. recognized a $3.1

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PYMNTS

JANUARY 16, 2020

crypto firm Gemini has debuted an in-house insurer to cover its assets, according to a report Thursday (Jan. In other news, South Korean cryptocurrency exchange Bithumb is going to court to fight an almost $69 million tax bill from the National Tax Service (NTS), according to a report Thursday (Jan. 16) by Reuters.

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Taxes Bitcoin cryptocurrency National 131

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.

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PYMNTS

JANUARY 8, 2019

Stocks in Mexico rose on the news that the country’s government would cut the tax rate for equity IPOs, and allow private pension funds the chance to invest in more instruments. Financial Times reported that Mexico’s IPC stock index was trading at 1.6 The tax rate for new equity will get slashed to 10 percent from 30 percent.

Taxes 109

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PYMNTS

DECEMBER 10, 2019

A new report from Barclays Capital about transportation in New York City says Uber and Lyft can achieve profitability in the future despite their poor initial public offering (IPO) showings this year, according to a report by Bloomberg. .

New York City 157

New York City Report New York Study 157

PYMNTS

NOVEMBER 13, 2020

The company announced its launch this week and revealed the new funding from Crane Venture Partners, with Seedcamp, Techstars and angel investors also participating, according to EU-Startups reports. The company secured the funding from an unnamed angel investor, reports said. and Hong Kong.

Capital 229

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PYMNTS

MAY 19, 2020

The purchase comes as Ontario Systems has recently shifted to being backed by private equity money, as it was acquired last year by New Mountain Capital, according to a Government Technology report. SwervePay, meanwhile, offers text payments and automated balance messages on top of its main services for electronic payments.

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System Payments Taxes Software 239

PYMNTS

FEBRUARY 28, 2020

An entrepreneur who opens a coffee shop or launches a FinTech startup isn’t in business to crunch numbers and file taxes. “We can electronically get bank statements, credit card data, expense report data, payroll data, etc. — “In retrospect, it was a big mistake. and that enables us to work our magic.

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Capital Taxes Software Data 154

PYMNTS

MARCH 20, 2019

California could receive “$1 billion or more” from the capital gains taxes on the IPO’s stock sales. “We We need those billions for education and other areas,” John Chiang, the state’s former treasurer and controller, told CNBC , adding that the collection of taxes “may not happen all at once, and could be spread over time.”. “If

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Taxes CA San Francisco California 101

PYMNTS

AUGUST 9, 2019

Corporate foreign exchange brokerage GPS Capital Markets is reportedly up for sale, unnamed sources told PE Hub. The publication reported Thursday (Aug. As of last year, the company employed 63 people, reports said, citing Utah Business data.

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Capital Marketing Utah Taxes 108

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. Easy come, easy go, in crypto-driven enrichment.

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Bitcoin Taxes cryptocurrency Regulation 123

PYMNTS

OCTOBER 1, 2019

In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. The 225-page report discussed how artificial intelligence could cut costs for mortgage processing by 10 percent to 20 percent. In separate news, U.S.

Technology 217

Technology FDIC US Big Data 217

PYMNTS

SEPTEMBER 18, 2019

TransferWise, one of Europe’s top five FinTech startups , announced profits for the third fiscal year in a row, with revenue after taxes 66 percent higher than last fiscal year, CNBC reported on Wednesday (Sept. We really only know if the product works once the product works on its own and doesn’t need any extra cash to support it.”

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Report Fintech Capital Taxes 115

PYMNTS

OCTOBER 15, 2020

FinTech Mobility Capital Finance (MoCaFi) and Jobble are two of the first companies that will provide workers with healthcare through the partnership, the release stated. Mastercard is working with portable benefits program Stride in order to help companies offer U.S.

Tools 237

Tools Taxes Capital Mobile 237

PYMNTS

AUGUST 5, 2020

CNBC reported the company had $1.92 Chief Financial Officer Amrita Ahuja told reporters on a call Tuesday night Cash App saw meaningful uplift from customers who deposited government stimulus and unemployment checks. In addition, he said tax refunds provided the tailwinds that drove momentum in the Cash App.

San Francisco 218

San Francisco Capital Taxes Report 218

PYMNTS

APRIL 9, 2020

Chime , America’s most valuable digital bank, has begun offering cash advances ahead of the $1,200 stimulus payments Americans will be receiving next week, according to a report by Forbes. Those interested in the benefits must have already filed a 2019 tax return and received a refund deposited directly into their Chime account.

Taxes 241

Taxes America Digital Banking Capital 241

PYMNTS

SEPTEMBER 24, 2018

tax law and revenue accounting rules. As a result, past financial reports had to be reexamined to recalculate the value of tax credits or liabilities, or to assess how previous results would look under new rules. percent stake in CWGS Enterprises. However, not all restatements are caused by innocent errors.

Taxes 170

Taxes Massachusetts Software Analytics 170

PYMNTS

FEBRUARY 8, 2019

Reports in the Financial Times earlier this week revealed that investors are advising startups to hold on to cash and gather reserves to remain stable amid any market uncertainties. The company recently announced $10 million in venture capital funding, led by GV and Foundation Capital, while Amicus and Pierre Lamond also participated.

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Fintech Capital New York City Analysis 188

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

DECEMBER 27, 2020

As for the overall numbers: Bloomberg reported that U.S. As Reuters reported, direct listings now get the green light for larger companies that want to pursue that model of selling shares directly to investors. firms alone raised more than $435 billion, far outpacing the $279 billion raised in 2014, the previous annual record.

New York 270

New York US Examples Training 270

PYMNTS

AUGUST 16, 2019

With more than $200 million in venture capital funding landing with B2B FinTechs this week, investors had their eyes set on a variety of pain points in corporate finance. Reports noted Kobo360 plans to deploy the funding to further develop its product offering and expand its customer base. Lendingkart. ScaleFactor.

Fintech 179

Fintech Analytics Capital Lending 179

Bank Innovation

JULY 19, 2018

The sale of five million shares of common stock of Worldpay resulted in a $205 million pre-tax gain. As of June 30, the earnings report notes, Fifth Third owns 3.3% The largest gains came from the bank’s ownership stake in the payment processing company Worldpay, formerly Vantiv. of […].

Fintech 199

Fintech Taxes Report Payments 199