article thumbnail

W Virginia Withholds Payment To Tax Delinquent Vendors

PYMNTS

The West Virginia State Auditor’ s office has announced a new tax program aimed at vendors who owe the state money. This process is designed to insure the State is not paying vendors who are not paying their taxes. The vendor will not be able to resume business in West Virginia until it has corrected its delinquency.

Virginia 108
article thumbnail

Virginia Man Pleads Guilty To $2.5 Million PPP Swindle

PYMNTS

A Leesburg, Virginia, man pleaded guilty to a federal bank fraud charge that he stole $2.5 District Attorney’s Office for the Eastern District of Virginia stated in the release. attorney for the Eastern District of Virginia, in the release. Department of Justice announced in a press release.

Virginia 222
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

When One State’s Tax-Exempt Necessity Is Another’s High-Tax Discretionary Purchase

PYMNTS

Sales taxes empower governments to maintain critical public services, but they can also make medical essentials too expensive for those who need them. Campaigns against taxing obligatory items are spreading across the United States, forcing states to rethink their revenue generation decisions. Sales taxes’ price tags.

Taxes 146
article thumbnail

Cannabis Cos’ $4.7B In Cash-Based Taxes Overwhelm IRS

PYMNTS

million to a Virginia company to handle “large cash payments for processing cannabis federal taxes.”. billion in taxes last year on nearly $13 billion in revenue from legal cannabis companies. That means the companies are dealing exclusively in cash, even when paying their taxes. According to Quartz , the U.S.

Taxes 208
article thumbnail

What The Streamlined Sales And Use Tax Agreement Means After Wayfair

PYMNTS

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. . SSUTA’s Role in South Dakota v.

Taxes 141
article thumbnail

Five At Five: France Aims To Tax Big Tech

PYMNTS

Today’s coverage includes the latest European push to tax such companies as Google, Apple, Facebook and Amazon. France’s Finance Minister Wants EU-Wide Digital Tax By Year End. The new tax would apply to Google, Apple, Facebook and Amazon so that they are paying what the government sees as a fairer tax rate in the region.

Taxes 108
article thumbnail

Is Sales Tax An Anchor On Amazon?

PYMNTS

One of the more long-grumbled complaints in retail is that Amazon and other eCommerce players are able to exploit a loophole that allowed them to mostly avoid charging sales tax. Would collecting sales tax 100 percent of the time take a bit out of Amazon’s bottom line? Recent data suggests — probably not.

Taxes 101