PYMNTS

OCTOBER 19, 2020

Here’s the latest news from Amazon and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. OECD’s Tax Reform To Be Presented To G20. The OECD forecasted that the measures could bring in a further $100 billion in business tax revenues each year. .

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Taxes Compliance Regulation Google 143

PYMNTS

FEBRUARY 18, 2020

The coronavirus outbreak has pushed Japan to the brink of a recession as tourism slides and spending drops in response to a sales tax hike, The Wall Street Journal (WSJ) reported on Monday (Feb. A dip in private consumption was blamed on the hike in the national sales tax to 10 percent on Oct. percent contraction.

Taxes 130

Taxes Security Industry National 130

PYMNTS

FEBRUARY 22, 2018

Credit unions took a stand against state bank associations this week over the credit union exemption from federal taxes. “We The response came after 52 state bankers’ associations sent their own letter to Hatch, encouraging him to continue his tough stance on the credit union federal tax exempt status.

Taxes 101

Taxes National Industry Regulation 101

PYMNTS

AUGUST 27, 2019

The Australian government is preparing a strategy to combat tax dodging among small businesses amounting to an estimated $11 billion in missing tax payments, News.com.au The nation’s Australian Taxation Office (ATO) warned Monday (Aug. For the 2015-16 tax year, the ATO said the small business tax gap stood at 12.5

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Taxes Report National Strategy 100

PYMNTS

DECEMBER 16, 2020

16), the National Restaurant Association offered up seven public policy tenets that – in collaboration with delivery aggregators – are being billed as a “framework” for the delivery industry. With data sharing, to boot. To that end, as reported on Wednesday (Dec.

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National New York City Policies New Jersey 160

PYMNTS

JANUARY 25, 2021

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. . Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . Sources told the outlet that some Big Tech chief executives were mulling sending legal experts on tax and competition.

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Taxes Google Compliance Apple 141

PYMNTS

DECEMBER 19, 2016

B2B eCommerce platform Moglix is simplifying the Goods and Services Tax (GST) process for manufacturers using its services as companies brace for new tax reforms to take effect in India next year. The company has offered the solution in beta phase to several businesses to support compliance in the tax filing and management process.

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Taxes Compliance Report National 100

PYMNTS

NOVEMBER 11, 2019

The state of Missouri is reportedly considering a ban on cash tax payments, a move that has raised concerns for local legal marijuana businesses that are struggling to obtain banking services and relying on cash to remain in operation. On a national level, the U.S.

Taxes 101

Taxes Missouri Payments National 101

PYMNTS

SEPTEMBER 24, 2020

24), could put digital currency exchanges under one national structure, CoinDesk reported. In other news, the Ministry of Finance in Russia keeps advocating for digital currency industry rules through the introduction of new tax mandates, Cointelegraph reported. representative Thursday (Sept.

National 121

National Report Taxes Bitcoin 121

Independent Banker

MARCH 31, 2022

Here stood a group of experienced and passionate community bankers who have dedicated themselves to advocating for the industry they care so deeply about. The key is to demonstrate how additional regulatory burdens on the community banking industry will negatively affect the customers and communities we serve.

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Community Bank Community Industry Texas 239

PYMNTS

MAY 17, 2018

The fallout from what Reuters reports described as “mega-fraud” at India’s Punjab National Bank (PNB) continues, with small- and medium-sized businesses (SMBs) still struggling to access financing as the financial institution (FI) tightens its grip against risks. The same timeframe last year saw SMB lending grow 5.8

National 108

National Fraud Lending Taxes 108

PYMNTS

NOVEMBER 5, 2019

s tax authority has released cryptocurrency tax guidance for businesses, revealing that crypto assets will still be defined as commodities. That means that companies that participate in trading exchange tokens must make tax payments.

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Taxes Bitcoin blockchain Seattle 100

PYMNTS

FEBRUARY 23, 2016

For all the johnny-come-latelies who spend the hours before midnight on April 17 scrambling to submit their tax forms, there are millions more Americans who are sitting pretty with their tax refunds already in hand. It’s a peculiar part of tax season. While a National Retail Federation survey found that 65.5

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Taxes Retail Millennials Survey 100

PYMNTS

APRIL 28, 2019

Ohio is hoping its Columbus-based “smart city” efforts will be attractive to the blockchain industry. Ohio is also the fifth-largest hub for the financial services industry. It is the first state to let businesses pay their taxes with cryptocurrency. company to pay taxes with bitcoin. “We

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Ohio blockchain Columbus Taxes 149

PYMNTS

JUNE 16, 2020

Cyberattacks against the financial industry have jumped by 238 percent in just the first five months of the year, VMware, Inc. They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. Head of Cybersecurity Strategy Tom Kellermann said, testifying before a U.S.

US 227

US Cyber Security Security National 227

PYMNTS

OCTOBER 5, 2020

Here’s the latest news from Google and the technology industry, which is coming under increasing scrutiny from regulatory watchdogs, trade organizations and politicians globally. The banking industry, however, is against the idea. “We Regulation. EU Aims To Have Big Tech Share Data With Smaller Competitors. Last week, a U.S.

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Data Google Compliance Apple 229

PYMNTS

AUGUST 28, 2019

While our industry is accustomed to cryptocurrencies operating 24/7/365 (like email), fiat currencies have for the most part remained shackled to ‘banking hours’ or ‘business hours.’ The sheer volume of transactions makes this a national security threat,” the party wrote in a post on its website.

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Policies National cryptocurrency Bitcoin 116

PYMNTS

APRIL 14, 2020

Other freelancers such as wedding industry vendors saw their ability to work rapidly decline during the pandemic, sending them into their homes to hopefully outlast COVID-19 financially. This could shift the way the rideshare could operate — as well as the way that it pays taxes — within France.

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Regulation Examples United States National 285

Abrigo

JANUARY 6, 2017

Progress of blockchain technology Some industry experts believe that blockchain technology can be used to revolutionize accounting in several areas, but the term and some of its descriptions have left many people confused. “The Below are brief descriptions of each trend. Register here.)

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Trends blockchain Taxes Survey 218

PYMNTS

OCTOBER 14, 2020

21 landmark announcement that allowed national banks and federal savings associations to hold certain crypto assets for the first time. “We In addition, Voyager points out that it is licensed by FinCEN and FINTRAC and can also provide treasury desk clients with the tax and compliance reporting they need.

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cryptocurrency Regulation Trends Bitcoin 323

PYMNTS

FEBRUARY 20, 2020

Enterprise resource planning (ERP) and enterprise performance management (EPM) company insightsoftware has announced its acquisition of financial planning and tax software provider Longview, according to a Thursday (Feb. We can now offer our clients more of the financial and tax solutions they need, all from a single provider.”.

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Taxes Resources Samsung Software 130

PYMNTS

SEPTEMBER 13, 2017

The construction industry is facing multiple headwinds, from late supplier payments to a talent shortage. “Competition is fierce and profit margins are thinner than for any industry except retail,” the publication stated, adding that industry fragmentation and a lack of investment are also troubling trends for the space.

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Management Taxes Industry Trends 129

South State Correspondent

JUNE 7, 2023

Bank ERC Background Bank ERCs is a refundable tax credit available to businesses, including financial institutions, affected by the global pandemic as granted under the CARES Act and modified by the Relief Act. ERC Assist is SouthState’s unique service customized for the banking industry.

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Taxes Meeting Operations ATM 195

PYMNTS

FEBRUARY 2, 2021

While the instant betting and payout abilities are a positive, there is no competing with the black market when it comes to the collection of taxes. Although not a gambler or a sports fan himself, Ingo Money's Edwards said he is a fervent believer in the industry. “It But we are growing the size of the player pool.". The High Rollers.

Tennessee 262

Tennessee Payments social media Regulation 262

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.

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social media Data Apple Compliance 152

PYMNTS

DECEMBER 27, 2019

We have a deep dive into spend management in addition to news involving the Sprint and T-Mobile merger, as well as data on state tax laws. . The country’s Superintendency of Industry and Commerce (SIC) reportedly said Uber went against market rules. A ‘Diaper’ By Any Other Tax Code: The Complexities Of Selling Across State Tax Laws.

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Taxes Mobile Management blockchain 101

Finer Points

AUGUST 18, 2015

The tax-exempt credit union industry apparently skipped this civics lesson because it obviously doesn’t believe it should have to listen to Congress. The National Credit Union Administration has proposed dramatically revising business-lending rules for these tax-subsidized institutions. Current […].

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United States Taxes Lending National 100

Bobsguide

MAY 10, 2022

Australia’s health and economic response to COVID-19 has put its recovery among the world’s leading nations, according to new analysis of global data. It compiles key economic, financial, social and demographic data from respected national and international sources. Why Australia Benchmark Report 2022 released. Resilient economy.

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Report National Fintech Industry 148

PYMNTS

JULY 8, 2020

For the restaurant industry, the government is slashing taxes and funding vouchers to make dining out more affordable on Mondays, Tuesdays and Wednesdays in August. To jumpstart housing, the government is reducing and eliminating taxes on transactions. In the U.S.,

Taxes 141

Taxes National Policies Operations 141

PYMNTS

SEPTEMBER 18, 2020

Earlier this week the Chinese National Bureau of Statistics announced that August retail sales rose for the first time this year by 0.5 percent from 2019, while industrial production expanded 5.6 percent and industrial production advanced 0.4 percent and industrial production advanced 0.4 percent against a forecast of 5.1

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US Retail National Industry 154

South State Correspondent

APRIL 4, 2024

We believe that one of the most significant and disruptive secular changes in the banking industry in the next ten to 20 years will be the growing size of federal debt as a percentage of GDP. Furthermore, high federal government debt does not just lead to higher interest rates but also poses economic, national security, and social challenges.

Risk Management 195

Risk Management Community Bank Policies Community 195

PYMNTS

FEBRUARY 20, 2020

Earlier this week, Japan ’s cabinet proposed a bill that seeks to, as reported by the country’s national daily, The Mainichi , “improve contract transparency” for deals struck by Big Tech firms — specifically, platform operators — and their smaller vendors. That’s due in part to a sales tax boost that now has been hurting consumer spending.

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Taxes Google Apple United States 178

PYMNTS

JANUARY 27, 2020

He said, “We license barbers, home inspectors and used car dealers in New York — so it makes no sense that we don’t have the authority to license an industry that can cause families financial ruin.”. Digital Taxes, Abroad. Separately, in Davos this past week , with a nod toward digital taxes and trade disputes, the U.S.

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New York Taxes California Conference 179

PYMNTS

FEBRUARY 7, 2019

A new report from the State Bank of Pakistan says a lack of electronic payment services like PayPal in the country has led the nation to lose out on as much as $2 billion in payments related to the information and communication technology sector. Reports in the Express Tribune on Wednesday (Feb. But the true value could be as high as $2.5

National 165

National Taxes Report Payments 165

PYMNTS

JANUARY 4, 2019

The report’s goal is to study the transparency of the digital marketplace, what kind of effect cryptocurrency and blockchain technology will have on state industries and how it will affect taxes, among other subjects.

cryptocurrency 163

cryptocurrency New York New York City Study 163

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.

Community Bank 172

Community Bank Community Montana Taxes 172

South State Correspondent

MARCH 21, 2023

ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects. In 2020, the U.S.

Taxes 195

Taxes Community Bank Community Operations 195