Bank Innovation

FEBRUARY 20, 2018

Israel is going to put a tax on cryptocurrencies including bitcoin, regulators in the country said yesterday. According to a circular by Israel Tax Authority yesterday, the government said it looks at cryptocurrencies as a property rather than a currency, and therefore it will be taxable.

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cryptocurrency Taxes Bitcoin Regulation 240

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.

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Taxes CA Report Operations 148

PYMNTS

SEPTEMBER 3, 2019

Merchants working to expand and sell online in more markets must comply with each market’s local sales tax regulations, however, and that is an increasingly complicated task. Levy laws can vary widely between states, with one state taxing a product that another does not, for example. Around The Next-Gen Sales Tax World.

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Taxes South Dakota Online Report 133

South State Correspondent

AUGUST 8, 2022

Treasuries Shrug Off Strong July Jobs Report. Treasury prices are higher this morning as the downdraft created by the stronger-than-expected July employment report was short-lived. Another potential catalyst came and went with the passage by the Senate yesterday of the climate, healthcare, and tax bill. vs. June’s hot 1.3%

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Report Taxes Michigan Marketing 195

PYMNTS

JANUARY 7, 2021

South Korea will begin taxing crypto benefits 20 percent, from both buying and selling, beginning in 2023, according to a report from Asia Today. According to the report, investors making more than 2.5 million won (about $2,200) from digital assets will be hit with the 20 percent tax.

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Bitcoin Taxes Washington Report 276

PYMNTS

JANUARY 22, 2021

Amazon is planning to hike fees for Spanish companies using its platform by 3 percent from April, according to a Reuters report, since the country's government imposed a new digital tax. A spokesperson for Amazon said the so-called " Google tax" would end up hitting users. Spain began charging the fee on Jan.

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Taxes Company Google Apple 151

BankBazaar

JUNE 3, 2022

Are you the sort of person that rushes to file their income tax return as early as possible so that it’s done and dusted? Are you very proud of that gold certificate the income tax department sent you for timely filing? Additional Reading: Which is Better – New Tax or Old Tax Regime? How It Works. When to File.

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Taxes Report Payments Company 167

PYMNTS

NOVEMBER 25, 2020

users by email that they have 14 days to shutter their accounts and take out all their money or have their accounts locked, Decrypt reported. In other news, BTC futures trading platform OKEx indicated that it would provide users who faced difficulty due to the suspension with a combination of renumeration and rewards, Coindesk reported.

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Taxes US Report social media 243

TheGuardian

OCTOBER 20, 2021

Chancellor said to be planning to slash corporation tax surcharge from 8% to 3% from April 2023 Rishi Sunak is preparing to announce a tax cut for Britain’s biggest banks at next week’s budget to maintain the competitiveness of the City of London after Brexit, according to reports, despite plans to raise taxes on workers.

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Taxes Report Industry 100

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

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Seattle Taxes Community Report 152

PYMNTS

DECEMBER 29, 2020

Turkish prosecutors have issued a detention warrant for Turkish businessman Sezgin Baran Korkmaz, who has ties to Utah business executives who recently pleaded guilty to a $511 million tax credit scheme in the U.S., the Associated Press (AP) reported. The Kingstons pleaded guilty in the tax credit scheme in the U.S.,

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Taxes Fraud Utah US 167

The Paypers

MARCH 20, 2024

Web3 wallet MetaMask has partnered with CoinLedger to allow its users to export their tax information via the latter’s tax reporting software, with a single click.

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Taxes Report Software 41

The Paypers

AUGUST 26, 2024

Seychelles-based crypto exchange Bitget has integrated KoinX to augment the cryptocurrency tax reporting experience for traders and investors.

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Taxes Report cryptocurrency 36

PYMNTS

JANUARY 20, 2021

And when it comes to rewarding employees with a holiday or other work anniversary reward, the last thing businesses need is to have their generosity become a tax headache. However, he added, the tax implications should not exceed the cost and purpose of the present. “We Awesome … My Fourth Water Bottle. Shortcuts and Backfires.

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Taxes Cards social media Management 233

PYMNTS

MAY 1, 2020

Small businesses fortunate enough to get their Paycheck Protection Program (PPP) loans forgiven will forfeit some tax breaks, according to new rules from the Internal Revenue Service (IRS). . This treatment prevents a double tax benefit,” the agency said in the notice. This conclusion is consistent with prior guidance of the IRS.”.

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Taxes Regulation Company Report 175

PYMNTS

FEBRUARY 12, 2020

The Australian Taxation Office (ATO) is warning small and medium-sized businesses (SMBs) that if they don’t pay their taxes on time, they could face consequences like a reduction in credit rating, Mozo reported on Wednesday (Feb. percent of respondents said meeting tax payments promptly would create cash flow issues in their business.

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Taxes Meeting National Strategy 152

CB Insights

MARCH 9, 2023

What is accounting, invoicing, & tax? Accounting, invoicing, and tax companies develop accounting automation, invoicing, and tax solutions. Others offer tools for bookkeeping, accounts payable or augmented reality automation, cash management, forecasting, tax compliance, procurement, and financial planning and analysis.

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Taxes Trends Report Marketing 55

PYMNTS

MARCH 6, 2019

-based internet companies, announcing Wednesday (March 6) the introduction of a digital tax that will impact companies including Google, Facebook, and Amazon. According to a report in CNBC , France’s finance minister announced the 3 percent tax, saying it will apply to about 30 big companies, mainly from the U.S.

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Taxes Google United States Maine 170

PYMNTS

FEBRUARY 10, 2020

The jousting over eCommerce taxes — especially for U.S. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. The tax, technically known as “Tax Deducted at Source” (TDS), is sent directly to an account held by the central government.

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Taxes Illinois Study Operations 175

PYMNTS

FEBRUARY 24, 2020

Tax season is upon U.S. In a new report from ProofPoint , researchers warned that any businesses with the word “tax” in its domain is at risk of being spoofed by phishing attackers targeting small to medium-sized businesses (SMBs). Indeed, tax season isn’t the only threat hitting SMBs, either.

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Taxes Fraud Puerto Rico North Carolina 164

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.

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Taxes Industry Compliance Regulation 159

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

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Taxes Report National Strategy 100

PYMNTS

NOVEMBER 26, 2018

Ohio is leading the charge in terms of accepting bitcoin as a payment method, as it is the first state to accept bitcoin to cover tax bills. The state will eventually open it up to individual tax filers as well. Jerry Brito, director of Coin Center, a Washington, D.C.-based

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Ohio Taxes Bitcoin Arizona 185

PYMNTS

DECEMBER 26, 2019

Italy has announced that it’s going to follow in France’s footsteps and tax big tech companies, a move that threatens to further complicate relations with the United States over the issue, according to a report by The Wall Street Journal. France recently announced a similar move, and the new Italy tax will take effect on Jan.

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Taxes United States Google Apple 130

PYMNTS

NOVEMBER 24, 2020

after the change of administrations, will include an agreement over taxing Big Tech. President-elect Joe Biden's team about trade and taxes, according to Accounting Today. French Finance Minister Bruno Le Maire’s goals will include ending a conflict over taxing Big Tech and getting the U.S.

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Taxes Groups Policies National 142

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).

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Taxes Google United States Maine 123

PYMNTS

FEBRUARY 16, 2020

Small and medium-sized businesses (SMBs) in Australia are being reminded by the country’s tax office that owing money to the agency is not OK, Broker News reported Friday (Feb. 13) that SMBs will soon face new risks for holding off on tax payments and using the Australia Tax Office (ATO) “as a bank.”.

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Taxes National Report Capital 134

PYMNTS

JANUARY 15, 2019

Bitcoin investors took a massive hit in 2018 – and, according to personal finance company Credit Karma, most of them don’t realize they can write off the losses on their tax returns. According to a report in MarketWatch , citing Jagjit Chawla, general manager of tax at Credit Karma, U.S. investors lost $1.7

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Taxes Bitcoin cryptocurrency Survey 179

Perficient

FEBRUARY 16, 2021

Oracle is introducing major enhancements to its EPM reporting capabilities with the February 2021 update. These enhancements will undoubtedly provide Oracle EPM customers the opportunity to expand their current reporting abilities to meet the challenges facing organizations today. Migrating from FR to the New Reports is Possible.

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Report User Experience Taxes Meeting 322

PYMNTS

JANUARY 30, 2020

Zermatt, a ski resort town of 5,400 residents in Switzerland, has decreed that cryptocurrency bitcoin can now be utilized to pay taxes and other government services, Bloomberg reported. Chainalysis’ new Crypto Crime Report details how criminal activity absorbs price fluctuations.

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Bitcoin Taxes cryptocurrency blockchain 153

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.”.

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Taxes Online Policies Philadelphia 132

PYMNTS

MARCH 15, 2019

With the first tax season post-tax reform nearing completion in the U.S., Ongoing regulatory changes and persistent uncertainty mean that that importance will continue even outside of tax season, with challenges that even the most automated of accounting software solutions cannot always tackle. Tackling Tax.

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Taxes South Dakota Software Survey 193

PYMNTS

APRIL 1, 2019

California is gearing up to get a tax windfall from all the initial public offerings of California companies slated for this year. According to a report in The Wall Street Journal , close to 10 percent of the tax revenue for the state in the coming fiscal year will come from capital gains. billion, noted the report.

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California Taxes Report Capital 126

PYMNTS

JULY 27, 2017

Stripe has acquired long-term partner Payable in an effort to bolster the tax reporting tools available to its on-demand and marketplace business customers. For existing Payable customers, the company’s tax reporting tools will continue to be hosted on payable.com through the next tax season.

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Taxes Tools Report Resources 101

PYMNTS

JANUARY 21, 2020

To get a better handle on crypto – and to boost government coffers, perhaps – change the tax designation (and rules, of course). As initially reported by The Korea Times , and as attributed to anonymous government officials, the ministry has directed its income office to examine the taxation of cryptos. Tax Policy Still Fluid.

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Taxes Policies Capital United States 130

PYMNTS

JULY 14, 2019

Even with the United States announcing it would look into a proposed “digital tax” in France, the country is moving forward with the measure. The country’s Senate has approved the tax despite the threat of an investigation from the United States, according to 9 to 5 Mac. Earlier this year, it was reported that Chip Harter, the U.S.

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Taxes United States social media Apple 116

PYMNTS

JANUARY 10, 2019

Chile is considering a 19 percent tax on multinational eCommerce companies like Amazon, Netflix and Uber. 10), and if it comes to fruition, the rate would be almost double what was originally proposed, Reuters reported. The amount would mirror the value-added tax that Chilean companies already pay.

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Taxes Regional Company Operations 173