CFPB Monitor

SEPTEMBER 20, 2021

The proposal is purportedly designed as a means to crack down on tax evasion by wealthy taxpayers, but the $600 threshold would reach almost all Americans with a traditional bank account. The Infrastructure Investment and Jobs Act (H.R.

Taxes 148

Taxes CA Report Operations 148

PYMNTS

JULY 7, 2020

Seattle’s City Council passed a new tax for big businesses operating in the city, including Amazon , according to CNBC. The tax, called the JumpStart Seattle Tax, will target businesses with at least $7 million in annual revenue. Those businesses will be taxed 0.7 Those businesses will be taxed 0.7

Seattle 152

Seattle Taxes Community Report 152

PYMNTS

FEBRUARY 25, 2020

New Zealand is considering changes to its treatment of cryptocurrencies, including dropping a tax on goods and services that many people are unhappy with, according to CoinDesk. The goods and services tax (GST) is unpopular with some. That means a “double tax” could later be applied with income tax, after the coin has changed hands.

Taxes 141

Taxes Bitcoin Operations cryptocurrency 141

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

Millennials Taxes Innovation Operations 160

PYMNTS

SEPTEMBER 28, 2020

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 . CBC reported that “in its throne speech on [Sept. EU Renews Demand for Back Taxes on Apple’s Ireland Ops.

Taxes 162

Taxes Compliance Illinois Las Vegas 162

PYMNTS

NOVEMBER 2, 2020

UN Committee Indicates Support For Initiative To Tax Big Tech In Developing Nations. The United Nation’s Tax Committee of Experts has indicated support for an initiative to assist developing nations in taxing Big Tech, Bloomberg Tax reported on Wednesday (Oct. streaming company to pay taxes, Techwire Asia reported.

Taxes 212

Taxes National Regulation Google 212

Abrigo

OCTOBER 21, 2024

2) Obtain all credit file information , including: Most recent annual review Origination credit package for the operative loan Most recent financials – both borrower(s) and all guarantor(s) If applicable, most recent appraisal, most recent environmental report, property condition reports, field exams or other third-party documentation.

Strategy 195

Strategy Management Taxes Meeting 195

Perficient

OCTOBER 15, 2024

million on average, according to a 2022 IBM report. These rules are about as fun as reading tax code, but they’re crucial in ensuring customer data is protected, privacy is maintained, and banks don’t end up with regulators breathing down their necks. Even a small data breach can cost banks upwards of $4.35

Tools 221

Tools Data Compliance Regulation 221

PYMNTS

FEBRUARY 26, 2019

to allow businesses to pay their corporate taxes in bitcoin. The Cambridge Centre for Alternative Finance released a study last year, finding a sharp increase in the onboarding of new cryptocurrency users, rising from 18 million at the end of 2017 to 35 million at the end of 2018, Invest in Blockchain reports said.

Taxes 145

Taxes Ohio cryptocurrency Payments 145

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

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

Taxes Fraud Tools System 141

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

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

Taxes Online Policies Philadelphia 132

PYMNTS

OCTOBER 19, 2020

Two government officials from European nations have advocated to have watchdogs engage in preventative measures against Big Tech to reduce their strength and handle on the market, according to reports. OECD’s Tax Reform To Be Presented To G20. France Will Proceed With Controversial Digital Services Tax Plan.

Taxes 143

Taxes Compliance Regulation Google 143

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. As reported last week, hardware spanning computers and mobile devices sold in Russia will be required to have Russian software pre-installed beginning July 1, according to The Hollywood Reporter.

Taxes 131

Taxes Regulation Samsung Google 131

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

AUGUST 10, 2020

Consumers and other businesses can access their tax refunds, benefits, freelance income, insurance claims, dividend payments and other disbursements within 30 minutes of being paid — sometimes even within seconds. 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

MAY 28, 2020

Bitcoin transaction fees are simmering back down to ordinary levels after a heavy wave of them in early May, reports suggest. Earlier in the month, they had hit a high of around 201 BTC on May 21, reports from blockchain intelligence firm Glassnode say. The transaction fees are now around 80 BTC paid to miners on Tuesday (May 26).

Taxes 142

Taxes Bitcoin cryptocurrency blockchain 142

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. Intuit is valued at around $77 billion.

Report 180

Report Taxes Online Financial Technology 180

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

JANUARY 21, 2020

France will postpone payment requirements on its newly levied digital services tax aimed at large tech companies like Facebook and Google due to a dispute with the U.S. over the issue, Reuters is reporting. officials threatened to tack on tariffs to some French goods over the tax.

Taxes 131

Taxes US Metro Washington 131

Abrigo

FEBRUARY 6, 2025

With this regulatory risk and associated operational complexities, there is plenty for financial institutions to consider before diving into cannabis lending. According to FinCEN suspicious activity report (SAR) data , over 800 financial institutions have decided yes, at least to banking deposit services for CRBs.

Lending 195

Lending Compliance Community Software 195

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

OCTOBER 12, 2020

German Finance Minister: More Than 130 Nations Agree to Corporate Tax Framework. 9) that over 130 nations have consented to a framework to bring forward international business taxation rules for discourse by the G20 finance ministers this week, Reuters reported. German Finance Minister Olaf Scholz said Friday (Oct.

Taxes 142

Taxes Google social media Regulation 142

PYMNTS

JANUARY 7, 2021

Many Americans are reporting frustration after not receiving their second stimulus checks within the past week, according to CNBC Thursday (Jan. But instead of the instantaneous payments, some residents are receiving messages that they can only get their checks after filing their 2020 tax returns, per CNBC.

Payments 244

Payments Taxes Report Cards 244

PYMNTS

DECEMBER 10, 2019

A new report from Barclays Capital about transportation in New York City says Uber and Lyft can achieve profitability in the future despite their poor initial public offering (IPO) showings this year, according to a report by Bloomberg. . Regulatory issues regarding ride-hailing around the world have also been a concern.

New York City 157

New York City Report New York Study 157

PYMNTS

JANUARY 24, 2021

Business software maker Cygnet Infotech has updated its FACE ( Financial Accounting Comprehensive and Easy ) accounting software platform, according to a published report. The update to the FACE offering comes 19 months after the offering debuted, the report stated.

Taxes 178

Taxes Compliance Software Fraud 178

PYMNTS

SEPTEMBER 8, 2020

Russian legislator Fedot Tumusov sent a draft bill to the country’s lower parliamentary body that calls for a limit of 20 percent on commissions for the sale of mobile apps, Reuters reported. 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

MAY 22, 2020

CNBC reported these independent contractors who borrowed from the PPP face the prospect of not getting the balance forgiven. The measure limits independent contractors and the self-employed to borrow up to two months of their pay based on their 2019 income tax return or $15,385, whichever is less, toward forgiveness.

Ohio 248

Ohio Taxes Guidelines California 248

PYMNTS

FEBRUARY 20, 2020

Green Dot reported its earnings for its fourth quarter ending Dec. 31, 2019, with total operating revenues of $249.3 The company also reported non-GAAP total operating revenues of $238.4 such as non-operating nest income, income tax benefit and expense, and more. million, showing a slight uptick from $245.1

Report 130

Report Operations Taxes Study 130

PYMNTS

MARCH 1, 2020

The Financial Reporting Council (FRC), the U.K.’s and would essentially ask for the firms’ audit and consulting operations to be separated. and would essentially ask for the firms’ audit and consulting operations to be separated. The regulator issued letters to those firms, known as the Big Four, Thursday.

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Regulation Taxes Industry Policies 230

PYMNTS

FEBRUARY 13, 2019

Criminals can direct federal or state tax authorities to issue fraudulent tax refunds on prepaid debit cards.”. A report last year from the U.S. According to an account of the trial in The Wall Street Journal , “The drug money often came back to Mexico in cars. million in cash.” Each jet would carry $8 million or more.

Cards 147

Cards Operations New York City Regional 147

PYMNTS

MAY 19, 2020

The purchase comes as Ontario Systems has recently shifted to being backed by private equity money, as it was acquired last year by New Mountain Capital, according to a Government Technology report. SwervePay, meanwhile, offers text payments and automated balance messages on top of its main services for electronic payments.

System 239

System Payments Taxes Software 239

PYMNTS

SEPTEMBER 24, 2020

24), could put digital currency exchanges under one national structure, CoinDesk reported. It would organize them into a distinct legal category and have the Commodity Futures Trading Commission (CFTC) in charge of supervision, according to the report. The Digital Commodity Exchange Act of 2020, which was proposed by a U.S.

National 121

National Report Taxes Bitcoin 121

PYMNTS

DECEMBER 21, 2020

Founded in 2013 in Salt Lake City, Utah, Acima operates in over 15,000 retail partner locations and eCommerce platforms. About $225 million in adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is expected for 2020. . The transaction is expected to close in the first half of 2021. . billion in 2020.

Utah 263

Utah Retail US Taxes 263

Abrigo

FEBRUARY 20, 2025

Another 24% reported no plans to implement AI-integrated solutions, and only 30% said theyre using such tools. AI can extract information from tax returns and pull credit checks to speed up underwriting, which is good. AI can then automatically generate the draft narrative for the credit memo or standard report.

Strategy 195

Strategy Compliance Data Tools 195

Perficient

MARCH 22, 2021

This batch processing system performs many vital functions within the EBS Applications system environment including reporting, managing data processing and Workflow activity plus several other critical business and system tasks. DCP spreads the Oracle EBS Concurrent Manager activities across multiple application tier nodes.

How To 309

How To Management System Taxes 309