PYMNTS

FEBRUARY 14, 2020

Amazon and Flipkart are pushing back against a proposed Indian tax on the online eCommerce market, saying it will stymie growth in the industry, according to a report by Reuters. . The proposed tax is a piece of a bigger plan by Indian Prime Minister Narendra Modi. billion people in India pay income tax.

Taxes 159

Taxes Industry Compliance Regulation 159

PYMNTS

NOVEMBER 16, 2020

Lau’s comments came when the China-based company registered a September quarter that exceeded expectations due to spiking demand for digital games, Nikkei Asia reported. "As Group Seeks to Block Maryland Online Advertising Tax. Group Seeks to Block Maryland Online Advertising Tax. Larry Hogan vetoed the levy.

Maryland 151

Maryland Taxes Online Groups 151

PYMNTS

APRIL 10, 2020

TurboTax , the online tax preparation service, has said it is launching a free stimulus registration system to help people who don’t need to file a tax return. Approximately 10 million people in the country don’t have to file taxes, and roughly 80 percent can receive a stimulus check. . Trackers and Reports.

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Taxes Tools Payments Los Angeles 216

PYMNTS

SEPTEMBER 24, 2019

consumers are expected to be shopping online by 2021. As commerce has, increasingly, moved into the digital realm, and even the smallest merchants have gone omnichannel, tax policy has evolved as well — although perhaps it may be more apt to say tax policy has scrambled to keep up. More than 230 million U.S.

Taxes 116

Taxes Retail Online South Dakota 116

Abrigo

DECEMBER 10, 2024

Unfortunately, family members are often the most common perpetrators of elder fraud, accounting for 62% of reported cases. The FBI's 2023 Internet Crime Complaint Center (IC3) report highlighted a staggering $3.4 Scammers initially build trust through online interactions, often via social media or dating platforms.

Fraud 195

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PYMNTS

MARCH 6, 2019

The European Union has announced that it will not move forward with a digital tax plan covering the entire EU, but also said it would look at reforming tax laws for internet companies, according to a report from Reuters. The global tax reform is being prepared by the Organisation for Economic Co-operation and Development (OECD).

Taxes 123

Taxes Google United States Maine 123

PYMNTS

MARCH 13, 2020

Tax season frustrations can blossom into real financial problems, especially when refunds are paper checks sent through postal mail. tax code changes passed in 2017 did not soothe these frictions, either, as they shifted income brackets and altered rates, affecting consumers’ refunds and earnings.

Millennials 160

Millennials Taxes Innovation Operations 160

Abrigo

MARCH 12, 2025

Donors are advised to verify the registration and legitimacy of charities before contributing as misleading charitable appeals have become especially prevalent online. Reminding them to research a charitys annual reports, tax forms, and audits or speak with a representative before donating.

Fraud 195

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PYMNTS

MARCH 12, 2019

Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. Reuters reported that Chip Harter, the U.S. Australia is planning a similar tax plan as well. The United States opposes any digital services tax proposals, whether they be French or U.K.,”

Taxes 132

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PYMNTS

JANUARY 29, 2020

businesses are likely already feeling tax season’s pressures. Filing is exhausting and complicated for individuals, and businesses experience those tax difficulties to a far greater degree. Such tools can automatically categorize necessary information from receipts and reports, significantly cutting down on the $26.63

Taxes 141

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PYMNTS

AUGUST 4, 2020

ProPublica reported the DOJ has raised questions about potential antitrust issues if Intuit, the maker of TurboTax, takes over its former rival that offered free tax preparation tools. The report said while Credit Karma filed 40 million returns last year, it ranks as the fifth-largest online tax filing provider and has been growing.

Rhode Island 240

Rhode Island Taxes San Francisco Cleveland 240

PYMNTS

JANUARY 8, 2021

billion of French products in response to that nation’s revenue tax on Big Tech firms. Trade Representative said in a recent statement, referring to digital services taxes. China’s Cyberspace Watchdog Mulls Stricter Online Oversight . China’s Cyberspace Watchdog Mulls Stricter Online Oversight .

Online 200

Online United States US Taxes 200

PYMNTS

NOVEMBER 26, 2019

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

Taxes South Dakota District of Columbia Compliance 141

PYMNTS

NOVEMBER 18, 2018

A “link tax” might mean the end of Google News in the EU. Richard Gingras, the search engine’s vice-president of news, said while “it’s not desirable to shut down services” the company isn’t happy with Brussels’ current proposal to charge a link tax for using news stories.

Taxes 144

Taxes Google Regional Mobile 144

PYMNTS

NOVEMBER 29, 2019

By some estimates, total dollars spent online through the holidays should grow by about 14 percent, to as much as $143.7 And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. States have been defining their parameters for economic nexuses.

Taxes 134

Taxes South Dakota New York Nebraska 134

PYMNTS

JULY 7, 2020

The Southeast Asian country’s national tax office announced it will impose a 10 percent value-added tax (VAT) on foreign global technology companies as the nation looks for ways to defray the costs of battling the economic effects of the COVID-19 pandemic, Reuters reported. The country’s total budget for 2020 is $177.6

Taxes 141

Taxes Google Seattle National 141

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. The company makes money when users use those products.

Report 180

Report Taxes Online Financial Technology 180

Perficient

JUNE 30, 2022

Members of Perficient’s Digital Asset Team have advised followers in multiple online articles about the digital asset revolution and relevant regulations affecting the same in the United States. As reported by the World Bank, in 2021 the GDP of The Bahamas was $9.91 Let’s start with a checklist: Toes in the sand? Drink in the hand?

cryptocurrency 472

cryptocurrency Regulation Conference Taxes 472

PYMNTS

AUGUST 26, 2019

Thailand hopes to annually collect 3 billion to 4 billion baht ($98 million to $131 million) by introducing a tax on tech businesses, Reuters reported on Monday (Aug. If approved by Parliament, Thailand will institute a value-added-tax starting next year on electronic businesses, leveraging the eCommerce boom in the country.

Taxes 139

Taxes social media Cards Mobile 139

PYMNTS

JUNE 12, 2020

Stronger report functions for QBO Accountant and QuickBooks Online have come with a refresh of the accounting software programs in June. A new QuickBooks Desktop Enterprise level, which provides versions tailored to certain verticals as well as assisted payroll, also arrived with the revamp, Accounting Today reported.

Report 141

Report Taxes Comparison Online 141

PYMNTS

OCTOBER 1, 2019

Key international negotiations surrounding Brexit stand to reshape global eCommerce, including the kinds and amounts of taxes that online marketplaces will face. 31 whether or not a deal is signed, however, leaving businesses to guess how they should prepare for any new tax compliance obligations that could be set in motion.

Taxes 121

Taxes Online Training System 121

PYMNTS

AUGUST 26, 2019

Will Big Tech face bigger tax bills on an international stage? Beyond the debates on data privacy and compliance, marquee names in technology face greater scrutiny from various governments, and perhaps bigger tax bills, too. As reported, the tax imposed could be as much as 20 percent on social media and search ads.

Taxes 118

Taxes social media Google Course 118

PYMNTS

JULY 31, 2019

Albania has announced it will implement a new online billing system to prevent businesses from circumventing tax payments and to boost revenue in the country, according to a report by Reuters. The minister said that 1,600 hotels on a booking site were not registered with the proper tax authorities.

Taxes 116

Taxes System Compliance Online 116

PYMNTS

AUGUST 10, 2020

Consumers have been using internet technology for everything from nonessential health services to ordering from restaurants in the last few years, especially shopping more frequently online for retail products and groceries. Instant payments are one of these solutions, allowing companies to digitally transfer funds 24/7 year-round.

Report 228

Report Payments Millennials Cards 228

PYMNTS

SEPTEMBER 30, 2019

Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. In one example, Indonesia is “already preparing legislation” that would require tech companies with online services to pay value-added tax on local sales, the report noted. Libra, Too.

Taxes 133

Taxes Regulation cryptocurrency Google 133

PYMNTS

NOVEMBER 25, 2019

Amid the continuing drumbeat for taxes on global commerce done through digital means, the Czech government has approved a new seven percent digital tax on global Internet firms which will, as Reuters reports , be levied on revenues tied to Czech users across advertising, digital marketplaces and data sales.

Taxes 130

Taxes Google Data Regulation 130

PYMNTS

MAY 8, 2020

Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. Online Gambling Changes . The pandemic is sweeping through an already critical year for online betting. Such sites are expecting major growth in the U.S.,

Online 176

Online Industry New Jersey Pennsylvania 176

PYMNTS

JANUARY 3, 2020

In an interview with PYMNTS, Liz Armbruester, senior vice president of Global Compliance at Avalara , said 2019 represented a watershed year for tax compliance as states embraced the economic nexus model and passed marketplace facilitator laws. Imposing state taxes on out-of-state sellers is now the new normal, she said.

Online 132

Online Taxes Compliance Missouri 132

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.

Report 143

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PYMNTS

NOVEMBER 1, 2018

Amid a change in shopping habits from brick-and-mortar to eCommerce, online spending is expected to reach $124.1 percent growth forecasted for traditional stores, Reuters reported. billion this holiday season — an increase of 14.8 That percentage is expected to be much higher than the 2.7 retail websites. percent this year.

Online 160

Online United States Retail Analytics 160

Abrigo

JULY 20, 2017

Allaboutrisk.com (AAR) recognizes Sageworks as a credit risk vendor in its 2017 Risk Software Report. AAR is the global leader for online news, product and innovation information on risk, compliance, and trading. The products featured in the report include: · Credit Analysis. Electronic Tax Return Reader (ETRR).

Software 150

Software Report United States Compliance 150

PYMNTS

JUNE 5, 2020

Large international organizations, in addition to small to mid-sized businesses (SMBs) are using CitiDirect BE to take in funds, pay suppliers, ensure sufficient cash flow and pay taxes and bills, American Banker reported. million this March from 3.7 million in the same month last year.

Report 132

Report Online National Taxes 132

PYMNTS

OCTOBER 14, 2019

Italy is preparing to tax digital companies to help fund its 2020 budget as it seeks different revenue streams to avoid a scheduled sales tax hike, sources told Reuters on Monday (Oct. Companies with annual global revenues of $827 million and digital services of $6 million in Italy will be subject to the tax.

Taxes 116

Taxes National Report Company 116

PYMNTS

JANUARY 25, 2021

Amazon Plans to Raise Fees for Companies in Wake of New Digital Tax in Spain . After Spain’s government levied a new digital tax, Amazon plans to increase fees by 3 percent starting in April for Spanish firms harnessing its platform, Reuters reported. 21, according to the report. .

Taxes 141

Taxes Google Compliance Apple 141

PYMNTS

AUGUST 12, 2020

To that end, as reported earlier this week, BigCommerce , the software as a service (SaaS) firm that focuses on eCommerce, went public, surging more than 200 percent on its first day of trading. More than 14 percent are buying groceries online, in the latest data, up from less than 4 percent in March. percent seen in March.

Taxes 276

Taxes Survey Online Tools 276

PYMNTS

AUGUST 21, 2020

To that end, as reported by Bloomberg , several publishers – including The New York Times, CNBC and News Corp., As has been widely reported, Apple typically gets 30 percent of the revenues generated by most subscriptions tied to the App Store – a rate that falls off to 15 percent after the first year. showed, 45 percent of U.S.

Apple 141

Apple Taxes Video Branding 141

PYMNTS

MAY 22, 2020

“The need for world-class eCommerce services has never been greater,” said Mohammed al Zarooni, director general of DAFZA, as per a CNN report on Friday (May 22). million-square-foot project will be split into three regions — business, logistics, and social, according to a report in the Global Construction Review. The proposed 2.1

Regional 266

Regional Taxes Groups Technology 266