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What The Streamlined Sales And Use Tax Agreement Means After Wayfair

PYMNTS

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. . SSUTA’s Role in South Dakota v.

Taxes 141
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Is Sales Tax An Anchor On Amazon?

PYMNTS

One of the more long-grumbled complaints in retail is that Amazon and other eCommerce players are able to exploit a loophole that allowed them to mostly avoid charging sales tax. Would collecting sales tax 100 percent of the time take a bit out of Amazon’s bottom line? Recent data suggests — probably not.

Taxes 101
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Big Tech Compliance Tracker: EU Aims To Have Big Tech Share Data With Smaller Competitors; Banks Oppose Potential Big Tech Banking Charters

PYMNTS

By providing a national servicing platform, the charter would enable those kinds of companies to bypass the process by which they have to collect money transmitter licenses from states. University of Pennsylvania Carey Law School Professor Christopher Yoo had a differing opinion. Banks Oppose Idea Of Possible Big Tech Banking Charters.

Data 229
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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. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109
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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

The first plane hitting the Twin Towers, the second plane, the Pentagon, and then our heroes on Flight 93 crashing into a Pennsylvania field. BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. October 26 is now nationally recognized as BSA/AML Day.)

Training 195
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Sports Betting Moves Forward In The U.S. — With or Without ‘Integrity Fees’

PYMNTS

Three other states are ready to do so, according to one analysis : Pennsylvania, New York and Rhode Island — all of which have some form of pre-fabricated legislation paving the way for sports betting. The state reportedly would impose a $250,000 licensing fee on betting providers, along with a 3 percent tax. Integrity Fees.

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Widening Borrower Protection’s Scope To SMBs

PYMNTS

When it comes time to apply for financing, he said, it’s often because there’s an emergency – they must make payroll or find cash for an upcoming tax bill, for instance. At this point, these business owners will flock to the most convenient and visible option, which is increasingly becoming digital alternative lending platforms.

Lending 136