PYMNTS

APRIL 10, 2019

Expansive supply chains mean organizations must not only address the risks they face directly, but the risks their supplier bases face as well, including compliance with labor, money laundering, Know Your Customer (KYC) and other regulations. To support that addition to the supply chain, though, data integration is essential.

Taxes 139

Taxes Compliance Regulation Data 139

PYMNTS

MARCH 13, 2020

Tax season frustrations can blossom into real financial problems, especially when refunds are paper checks sent through postal mail. Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. Proper tax education is critical to any business’s future, Daher said.

Millennials 160

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PYMNTS

SEPTEMBER 16, 2020

To assist companies in following Goods and Services Tax (GST) rules in India, Avalara, Inc. For global businesses, their India operation is critical to their competitiveness, but that has exposed them to a new world of GST compliance complexity," Avalara Chief Product Officer Sanjay Parthasarathy said in the announcement.

Taxes 163

Taxes Compliance Software Resources 163

PYMNTS

SEPTEMBER 28, 2020

Regulations. SocialMediaToday reported that in early September, an EU “privacy regulator … sent Facebook a preliminary order to suspend data transfers to the U.S. Canadian Lawmakers Want Big Tech to Pay for Content, Taxes . EU Renews Demand for Back Taxes on Apple’s Ireland Ops. billion back-tax bill in Ireland.

Taxes 162

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PYMNTS

OCTOBER 9, 2018

tax reform on the small business community, but so far, small business owners say the overhauls have made little impact on their hiring practices. “We asked, ‘What effect on your hiring plans has the Tax Cuts and Jobs Act had?' . “We asked, ‘What effect on your hiring plans has the Tax Cuts and Jobs Act had?'”

Taxes 140

Taxes Survey Community Regulation 140

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. On Privacy.

Taxes 133

Taxes Regulation Google cryptocurrency 133

PYMNTS

OCTOBER 19, 2020

Regulation. EU regulators are reportedly creating a “hit list” of approximately 20 firms — Big Tech signature names among them — that will encounter stricter regulations over market competition and other operational activities. OECD’s Tax Reform To Be Presented To G20. EU Watchdogs Create ‘Big Tech Hit List’.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

DECEMBER 30, 2019

Wayfair Supreme Court decision continue to rattle online merchants, as three states (California, Louisiana and South Carolina) are now trying to collect eCommerce sales tax retroactively, as far back as five years. have moved to collect sales tax from remote sellers, and it’s just the beginning. To date 43 states and Washington, D.C.

Taxes 130

Taxes Alaska South Dakota South Carolina 130

PYMNTS

JANUARY 6, 2020

As 2020 dawns, regulators are continuing to focus on taxes and possible anti-competitive behavior on the part of tech’s marquee names. Russian regulators are seemingly taking aim at larger U.S. The Russian regulation means that tech giants would have to pre-install the Yandex web browser and other apps. Across the Pond.

Taxes 131

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PYMNTS

JULY 16, 2019

France’s financial regulator is set to approve a wave of cryptocurrency-related firms in the country, subjecting them to new rules that include paying taxes and complying with capital requirements and consumer protections, according to a report by Reuters. Because digital currency is so new, regulations vary around the world.

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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. In July, Google was hit with a $5.1

Taxes 144

Taxes Google Regional Mobile 144

PYMNTS

MARCH 18, 2019

It’s been a whirlwind few weeks — OK, make that months — for big tech firms as regulators look ever more closely at business tactics. that are in place, the rationale behind each control’s selection, its maturity in adoption, and its effectiveness in operations.”.

Regulation 159

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PYMNTS

SEPTEMBER 4, 2019

Merchants must handle the sales tax compliance obligations of each locale from which they receive money if they want to sell online. The complexities of sales tax compliance affect business decisions by both sellers and marketplaces, according to Ted Hettich, chief sales officer at U.K. Deciphering obligations. he said. .

Taxes 131

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PYMNTS

MARCH 12, 2020

The joys of tax season: complex paperwork, long wait times and check disbursements. Many United States consumers are still reliant on paper checks when it comes to receiving their tax refunds, which represents the largest sum of money many of them will receive at one point during the fiscal year.

Taxes 130

Taxes Millennials United States Innovation 130

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

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 12, 2019

Treasury official said a French tax plan targeting American digital companies is discriminatory against American businesses. Treasury’s top international tax official, called the taxes “ill-conceived,” and said the better option was to go after tax reform internationally at the Organisation for Economic Co-operation and Development ( OECD ).

Taxes 132

Taxes Company US social media 132

PYMNTS

DECEMBER 23, 2019

Indonesia has announced it’s going to reduce the threshold for taxing imported eCommerce consumer goods from $75 to $3, to help control the purchases of cheap foreign goods and help protect smaller Indonesian firms, according to a report by Reuters. They’ll be taxed at a rate of 32.5 million last year and 6.1 percent to 37.5

Taxes 134

Taxes Capital Conference Cards 134

PYMNTS

NOVEMBER 16, 2020

Regulation. Tencent Holdings President Martin Lau said further regulations are needed in China to mirror a “new reality.”. As technology companies become bigger and more important to the economy, I would say more regulations to reflect the new reality are needed," Lau said, according to the report. Larry Hogan vetoed the levy.

Maryland 151

Maryland Taxes Online Groups 151

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

MAY 28, 2020

Halving also doubled the cost of mining, which saw inefficient miners ceasing operation. South Korea is pondering a modification to its tax law which could place taxes on cryptocurrencies. But individuals’ profits from virtual currency is not listed as income, they don’t end up falling under income taxes.

Taxes 142

Taxes Bitcoin cryptocurrency blockchain 142

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. SMBs need to remain compliant with increasingly complex financial regulations. SMBs And Manual Tax Frustrations.

Taxes 141

Taxes Fraud Tools System 141

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 billion small business “tax gap” — the difference between income tax collected and what small businesses actually owed. reported Monday (Aug.

Taxes 100

Taxes Report National Strategy 100

PYMNTS

JANUARY 17, 2020

Historians and economists regularly look to tax policies to get a sense of what happened within a particular industry, society or country. No doubt the chronicles to come about the rise of the internet age and the spread of digital culture will include serious treatment of tax issues. Taxing Confusion. billion in 2022.”.

Taxes 132

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PYMNTS

OCTOBER 12, 2020

Here’s the latest news from Big Tech firms, which are coming under increasing scrutiny from regulators and politicians from the U.S. German Finance Minister: More Than 130 Nations Agree to Corporate Tax Framework. Verkhovna Rada, the parliament of Ukraine, is mulling a law taxing digital communication platforms from abroad.

Taxes 142

Taxes Google social media Regulation 142

PYMNTS

OCTOBER 14, 2020

The head of the country’s only licensed and publicly traded cryptocurrency broker says tighter regulation and exponentially higher yields are causing corporate treasury and cash management accounts to seriously consider this alternative asset class. This in the wake of the OCC’s Sept. This in the wake of the OCC’s Sept. The Pandemic Pop.

cryptocurrency 323

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PYMNTS

NOVEMBER 29, 2019

And in the wake of all those sales lies a pressing issue for merchants plying their trades online: figuring out the tax liabilities. At the same time, navigating tax policies is proving to be a complex business. tax policy at Avalara , noted that this holiday season is the second one post-Wayfair. The hard part?

Taxes 134

Taxes South Dakota New York Nebraska 134

PYMNTS

DECEMBER 17, 2018

17) that he wants France to start taxing big tech giants beginning Jan. The idea comes after years of negotiations at the European level, where France and other larger European countries have tried and so far failed to convince smaller countries that tech companies have been taking advantage of the region’s tax structure.

Taxes 122

Taxes Google Apple Meeting 122

PYMNTS

OCTOBER 11, 2019

But along the way, global digital sales also carry a host of regulatory hurdles when it comes to satisfying various tax regimes. When [eCommerce companies] can’t get through the language barrier, the outcome is large-scale tax evasion, whether through ignorance, or whether through deliberate actions across the world.”.

Taxes 123

Taxes Course Company Training 123

PYMNTS

MARCH 1, 2020

s audit regulator, announced plans this week to break up the dominance of the largest four accounting firms, Deloitte, EY, KPMG and PwC , according to the Financial Times. The regulator issued letters to those firms, known as the Big Four, Thursday. The Financial Reporting Council (FRC), the U.K.’s

Regulation 230

Regulation Taxes Industry Policies 230

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 24, 2021

Cygnet Infotech promotes FACE as a product that handles not only conventional accounting processes, but also provides specialized handling of challenges around goods and services taxes. India uses its Invoice Registration Portal to track business activity and ensure compliance with tax laws.

Taxes 178

Taxes Compliance Software Fraud 178

PYMNTS

SEPTEMBER 8, 2020

Here’s the latest news for Big Tech’s Google , Amazon , Apple and Facebook , which are coming under increasing scrutiny from legislators and regulators the world over. Regulation. The FAA’s role is to ensure that any [drone] operation is performed safely,” the FAA said in a statement to PYMNTS. and other countries.

Taxes 131

Taxes Google Apple social media 131

PYMNTS

SEPTEMBER 25, 2019

The legislation aims to ensure that state-authorized and regulated cannabis businesses are not forced to operate with cash only. Cannabis-related businesses are locked out of the banking system, and cannot maintain checking accounts, process payroll obligations or pay taxes. 47 states, 3 territories and D.C.

Ohio 235

Ohio Colorado Washington California 235

PYMNTS

FEBRUARY 13, 2019

The Colorado Department of Revenue has revealed that the state’s regulated marijuana industry sales have topped $6 billion since sales began in 2014. In addition, taxes generated by the industry grew by nearly 8 percent last year. Last year, regulated marijuana sales in Colorado were nearly $1.55 billion the previous year.

Industry 155

Industry Colorado Taxes California 155

BankUnderground

FEBRUARY 27, 2025

Carlos Can Salazar, John Thanassoulis and Misa Tanaka Several global financial centres, including London, Hong Kong and Singapore, are overseen by financial regulators with an objective on competitiveness and growth. How much do financial regulators care about growth? What happens when several regulators have a growth objective?

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PYMNTS

AUGUST 29, 2019

In other news, Portugal’s Tax Authority has announced that both cryptocurrency trading and payments in crypto will not be taxed in the country. Coin Telegraph reported that the confirmation follows a previous tax ruling by the regulator that cryptos should not be taxed in Portugal.

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