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US Supreme Court Gives The Green Light For Online Sales Taxes

PYMNTS

States can collect sales taxes from online retailers thanks to a U.S. The 5-4 decision essentially overturns the court’s 1992 ruling that states can collect sales taxes only from retailers that maintain a physical presence in those states. billion in tax revenue in 2017,” according to the report. Do Sales Taxes Really Matter?

Taxes 119
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Data Shows China Slowdown Much Worse Than China Admits

PYMNTS

Some economists say the numbers are likely 3 percentage points lower after accounting for tax revenue, property sales and other concrete measures. . Eric Pratt, head of global marketing at AVX Corp., Eric Pratt, head of global marketing at AVX Corp., The South Carolina company has two Chinese factories.

Data 190
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How Clandestina (Literally) Snuck Into The US Market

PYMNTS

And so, Clandestina exports its ideas — T-shirt designs — to a contract T-shirt printing operation in South Carolina called Frenzy. The funds from sales generally do not flow back to Cuba, instead paying for marketing, taxes and payment for future printings. Frenzy manages printing, packing and shipping.

Marketing 198
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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. percent tax on each imported premium cigar, limited to a maximum of about $0.40 in 2017 had a 52.75

Retail 109
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Siron Financial Crime Solutions Are Moving from FICO to IMTF

FICO

The suite includes SironAML (Anti Money Laundering), SironKYC (Know Your Customer), SironEMBARGO (Sanctions Screening) and SironTCR (Tax Compliance) with associated case management and reporting. in statistics, both from the University of South Carolina. TJ holds a B.S. in computer science and a M.S. See all Posts.

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Top 21 Online Digital Accounting Services for Small Businesses (SMB): Jan 2022

Fintech Labs Insights

So the market has been ceded to the entrepreneurs, and wow, have they shown up! Market cap: $16.8B (25 Jan 2022). TaxBit (Crypto tax specialists) FAB Score = 181. – HQ: Charleston, South Carolina. But so far I’ve been proven wrong. Years since founding: 10 to 20 years >>> 4 startups. Founded: 2006.

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Massachusetts: Frozen Growth In The Frozen North

PYMNTS

Oh, God, the last, I don’t know, 10 years have been a perfect storm of bad news,” said Henry Dunbar, owner of the Brant Rock Fish Market out of Marshfield, Massachusetts. Du n bar has been at the market for the last 50 years. Fuel costs are down now, but the last couple of years just killed businesses around here.