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DOJ To Investigate Intuit’s $7B Takeover Of Credit Karma 

PYMNTS

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. Senator Ronald Wyden (D-Oregon) raised similar concerns. Intuit dominates online tax preparation with a 67 percent market share in 2019.

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US Lawmakers Aim To Fix PPP Loophole That Could Cost SMBs Billions

PYMNTS

Lawmakers want to fix a mix-up in the economic relief CARES Act laws from March that could cost small businesses $120 billion in taxes, The Wall Street Journal (WSJ) reports. That could leave millions of small businesses without a lifeline for their next tax returns.

Taxes 215
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The IRS Stimulus Check Is Finally In The Mail (For Some)

PYMNTS

However, nearly 156 million Americans filed taxes last year, which leaves about 68 million Americans waiting to get their payment (although some higher-income taxpayers won’t qualify). Treasury Department sent to Democratic Senator Ron Wyden of Oregon on Thursday (April 23).

Oregon 231
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Gig Economy Could See Overhaul Under New California Bill

PYMNTS

Washington State and Oregon failed to pass a bill that was similar in nature AB 5, the NYT said. . They would also have to pay payroll taxes, all of which could change their business models. Uber is going a step further and has pledged it will litigate misclassification claims from drivers. .

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Can Legal Pot Thrive With Closed-Loop Payments?

PYMNTS

Among the reasons for that, according to the bill and that analysis, is to make it harder for legal retail marijuana dispensaries to avoid paying local and state taxes — always a major concern for any industry dominated by cash. Oregon stands as another example. That bill has not won approval. Sales Growth.

Oregon 136
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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. 3-yr average pre-tax ROA. pre-tax ROA: 2.68%. In true community bank fashion, each has its own story to tell and its own path to success. Molly Bennett, executive editor, Independent Banker. Less than $300 million.

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Kicking The Paper Check From Its Public Payment Perch

PYMNTS

In Oregon, Mastercard is working with a department of revenue officials to improve their direct deposit architecture, while in Idaho the desired improvement is a wider project that would tie tax, healthcare and other types of public disbursements into an online platform. “We The main challenge in innovating public payments in the U.S.

Payments 188