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Highlights From Federal Bank Regulators’ Joint Statement on Cryptocurrency Assets

Perficient

Recognizing that regulated and non-regulated financial institutions seek to engage in cryptocurrency and crypto asset activities, the three largest federal bank regulators, the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, recently issued a joint statement on crypto assets.

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All About Filing Nil Income Tax Returns

BankBazaar

Amidst tax filing season, understanding the necessity of filing a NIL income tax return can save you from potential hassles and bring financial benefits. As tax season approaches, many people may wonder about the necessity of filing an income tax return (ITR) when their income falls below the taxable threshold.

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Big Tech Compliance Tracker: Europe Plans To Release Drafts Of Digital Regulation Legislation; UN Initiative To Tax Big Tech In Developing Nations Gains Momentum

PYMNTS

Regulation. The Digital Services Act will be one of the regulations, which Vestager said will revise the eCommerce Directive and will make digital services take additional responsibility for contending with “illegal content and dangerous products.”. The Digital Markets Act is a second set of regulations. and Facebook Inc.

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Deep Dive: How Not To Lose A Bundle On Bundled Taxes

PYMNTS

Merchants’ marketing departments may find bundling useful, but their accountants are less likely to see it positively — determining individual items’ tax obligations in the different states into which they are sold can be challenging, and putting offerings into bundles only magnifies complexities. Unpacking States’ Unbundling Policies .

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Japan Eyes Guidelines For Regulation Of Tech Firms

PYMNTS

In Japan, the Fair Trade Commission said last week that it has draft guidelines in place that would promote tighter regulation of larger tech firms. Taxes, Too. As reported, companies paying the French digital tax will be reimbursed once that international framework is in place. Libra in the Crosshairs.

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Treasury Dept. revenue proposals address tax treatment of earned wage access programs

CFPB Monitor

The Treasury Department’s General Explanations of the Administration’s Fiscal Year 2023 Revenue Proposals includes a proposal concerning how EWA programs should be characterized for tax purposes. It would also add a definition of on-demand pay arrangements to the IRC.

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Today In Payments Around The World: US Halts Tariffs On French Products; China Considers More Stringent Online Oversight

PYMNTS

In today’s top payments news around the world, the United States is halting tariffs on French products, while the Cyberspace Administration of China is considering a revamp of internet oversight regulations. billion of French products in response to that nation’s revenue tax on Big Tech firms.

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