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IRS Cracking Down On Crypto-Holding Taxpayers

PYMNTS

The Internal Revenue Service (IRS) is going to send letters to about 10,000 cryptocurrency holders warning them about the penalties they will face if they don’t report their income or pay taxes on the transactions, according to a report by The Wall Street Journal. at the World Bank.

Taxes 128
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Bitcoin Daily: Brazil Debuts Blockchain Solution For Gov’t Bids; BitFunder CEO Gets 14 Months For Crypto Fraud

PYMNTS

The news is reportedly according to a slide deck from a cyber training session that discussed many ways that criminal investors might come across potential digital currency tax cheats. The slide deck was reportedly leaked through social media by an accountant. at the World Bank.

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EU Shakes Up Digital Policy To Get Competitive In Tech

PYMNTS

Having lagged behind on technologies like smartphones, social media and eCommerce, the European Union wants to catch up and keep EU firms from having to rely on data from U.S. The proposals coincide with efforts by some EU countries to levy digital taxes on large American technology companies. and Asian competitors.

Policies 151
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Economic Nexus Laws’ Unexpected Impacts On Restricted Substance Retailers

PYMNTS

eCommerce sales tax laws are having unintended consequences in the tobacco industry. These laws were meant to make online sellers face sales tax requirements similar to those for retailers with on-the-ground locations, putting both types of businesses on equal footing. in 2017 had a 52.75

Retail 109
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The ICBA 22/23 executive committee is all in

Independent Banker

ICBA president and CEO Rebeca Romero Rainey, Washington, D.C. We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. For instance, ICBA is calling for congressional hearings on the credit union tax exemption. Coldwater, Ohio. Grand Rapids, Minn.;

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

You did not see this kind of support during the failure of Washington Mutual, and you didn’t see it with Silvergate or Signature Bank. 8) Deposit Impact of Social Media: SVB’s customer base and followers were highly active on Twitter and other social media properties.

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Facebook Q2 Earnings Preview: Ad Sales, Libra To Affect Growth

PYMNTS

For those who missed it, PYMNTS published a recap of Libra’s week in Washington.). Libra is running into reticence internationally as monetary organizations all over the world are raising concerns of regulatory obstacles and tax challenges.