Illinois heads toward landmark card interchange fee restrictions
Payments Dive
JUNE 7, 2024
The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.
Illinois National Taxes 
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Amazon (And Others) Brace For India’s New eCommerce Tax
PYMNTS
FEBRUARY 10, 2020
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.
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When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase
PYMNTS
DECEMBER 27, 2019
Sales taxes empower governments to maintain critical public services, but they can also make medical essentials too expensive for those who need them. Campaigns against taxing obligatory items are spreading across the United States, forcing states to rethink their revenue generation decisions. Sales taxes’ price tags.
A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws
PYMNTS
DECEMBER 26, 2019
Merchants aiming to sell nationwide must pay attention to how their goods are treated by each state’s tax code. Items considered as exempt medical necessities in some states may be taxed at high rates in others, and businesses cannot afford to be caught by surprise. Around The Next-Gen Sales Tax Wor ld.
Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate Entities In India
PYMNTS
AUGUST 24, 2020
The services are not currently registered as distinct entities, although they are provided to users in the nation. The news comes as a new Indian equalization measure came into existence in 2020 that puts a 2 percent tax on every digital transaction that foreign online shopping firms conduct.
The top-performing community banks of 2021
Independent Banker
APRIL 30, 2022
3-yr average pre-tax ROA. Brazos National Bank. Douglas National Bank. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. 3-yr average pre-tax ROA. —Molly Bennett, executive editor, Independent Banker. Less than $300 million. By William Atkinson. Less than $300 million. Philadelphia.
Rebeca Romero Rainey: Take pride in the work we do
Independent Banker
AUGUST 31, 2019
“While community banks could certainly benefit from the tax advantages credit unions have, we flourish despite them.”. I will be attending the Community Bankers Association of Illinois and Independent Bankers of Colorado annual conventions. There’s something about September that inspires a focus on priorities.
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