PYMNTS

JULY 21, 2017

.’s largest banks are looking to Washington, D.C., According to Morgan Stanley CEO James Gorman, lower corporate taxes and more streamlined bank regulation could “allow U.S. But while many bank CEOs have fixed their eyes on Washington to promote industry growth, not every executive is optimistic.

Washington 100

Washington Taxes Regulation Analytics 100

PYMNTS

SEPTEMBER 24, 2019

As commerce has, increasingly, moved into the digital realm, and even the smallest merchants have gone omnichannel, tax policy has evolved as well — although perhaps it may be more apt to say tax policy has scrambled to keep up. Thus far, a bit more than a year after the ruling, tax policy remains fragmented.

Taxes 116

Taxes Retail Online South Dakota 116

PYMNTS

OCTOBER 19, 2020

OECD’s Tax Reform To Be Presented To G20. The Organization for Economic Cooperation and Development (OECD) , which is based in France, said its worldwide tax reform blueprint will be put in front of the Group of 20 finance ministers. France Will Proceed With Controversial Digital Services Tax Plan.

Taxes 143

Taxes Compliance Regulation Google 143

PYMNTS

JUNE 21, 2018

States can collect sales taxes from online retailers thanks to a U.S. The 5-4 decision essentially overturns the court’s 1992 ruling that states can collect sales taxes only from retailers that maintain a physical presence in those states. billion in tax revenue in 2017,” according to the report. Do Sales Taxes Really Matter?

Taxes 119

Taxes South Dakota Online US 119

PYMNTS

NOVEMBER 16, 2020

Group Seeks to Block Maryland Online Advertising Tax. Marylanders for Tax Fairness is preparing for a battle in January over the state’s attempt to make a digital advertising tax, the Baltimore Sun reported. Maryland legislators ratified the tax earlier in 2020, but Gov. Larry Hogan vetoed the levy. percent to 10 percent.

Maryland 151

Maryland Taxes Online Groups 151

PYMNTS

JUNE 22, 2018

Supreme Court opened the door to state collection of sales taxes for eCommerce purchases, questions swirled about software, Congressional action, marketplace sellers and how consumers would react. Speculation about hassles caused by a lack of tax-calculating software is a “nonissue,” he added. A day after the U.S.

Taxes 114

Taxes Online South Dakota Retail 114

PYMNTS

FEBRUARY 26, 2020

Software developer and Ukrainian native Volodymyr Kvashuk, 25, from Renton, Washington, worked for Microsoft from 2016 to 2018, and was tasked with testing Microsoft’s online retail sales platform. On fake tax returns, he said the bitcoin was gifted to him from a relative. million in bitcoin.

Fraud 207

Fraud Bitcoin Washington Taxes 207

TrustBank

DECEMBER 15, 2022

You may recall that in 2021 Washington state passed legislation to implement a 7% capital gains tax on certain asset sales, with the tax applying to profits that exceed $250,000. The assets subject to this tax are, in general, stocks, bonds, business interests, and tangible property, but not real estate.

Washington 52

Washington Taxes Capital Online 52

TrustBank

MARCH 27, 2023

As some of you may recall, the Washington state legislature had passed a 7% tax on capital gains on the sale of certain assets. Before it could take effect a trial court in Douglas County ruled that this was an invalid income tax in the state of Washington. Last Friday they ruled that this tax is a valid excise tax.

Washington 52

Washington Taxes Capital Strategy 52

PYMNTS

DECEMBER 16, 2020

news publishers, including The New York Times , The Washington Post , NPR , ESPN , Bloomberg and others, have now joined the Coalition for App Fairness , according to a report from 9to5Mac , with the intent to protest the “ Apple tax.”.

Apple 181

Apple Groups US Taxes 181

PYMNTS

FEBRUARY 14, 2020

Europe has long sought to make very profitable Big Tech companies conducting business through the web pay tax where they sell their offerings instead of in tax havens. The continent now wants global financial leaders to make taxing digital giants a priority in 2020, Reuters reported. over the matter.

Taxes 140

Taxes United States Google Washington 140

PYMNTS

MAY 3, 2018

Tax reform played a key role for several corporate successes in the first quarter of 2018. “The optimism generated from corporate tax reform seems to have done little to persuade organizations to spend their cash during the early months of 2018,” Kaitz said in a statement.

Taxes 100

Taxes Analysis Washington Report 100

Jeff For Banks

MARCH 2, 2013

In the midst of all the clamor in Washington over what is our "fair share" of paying taxes, I wondered how much my family contributed to the bureaucratic tax machine at the Federal, State, and local level. Yes, it''s tax season again and this year I am determined to do my own taxes. Hey, I can vent. It''s my blog.

Taxes 81

Taxes Washington Groups System 81

PYMNTS

APRIL 27, 2020

Nothing brings money to top of mind like tax season — and tax refunds and stimulus payments , doled out in the wake of a pandemic known as the coronavirus. The trillions of dollars in stimulus funding and tax refunds being extended to families, individuals and businesses is coming — but slowly. Tax refunds? Very slowly.

blockchain 272

blockchain Taxes Industry Payments 272

PYMNTS

JULY 1, 2020

Washington D.C. ” The opinion also noted that the IRS treats cryptocurrency more as a property than as a currency for tax purposes. lawyers will be allowed to accept cryptocurrency as payment, according to an opinion by the District of Columbia Bar.

District of Columbia 197

District of Columbia DC North Carolina New York City 197

TrustBank

APRIL 26, 2021

The below is a discussion of the new Washington Long-Term Care Program. What Is the Washington Long-Term Care Program? The Washington Long-Term Care Program is the nation's first public state-operated long term care insurance program. percent payroll tax on all employee wages, beginning January 1, 2022.

Washington 64

Washington Taxes Idaho Oregon 64

PYMNTS

SEPTEMBER 25, 2019

The bill was sponsored by Congressmen Ed Perlmutter of Colorado, Denny Heck of Washington, Steve Stivers of Ohio and Warren Davidson of Ohio, all members of the House Financial Services Committee. Cannabis-related businesses are locked out of the banking system, and cannot maintain checking accounts, process payroll obligations or pay taxes.

Ohio 235

Ohio Colorado Washington California 235

PYMNTS

JANUARY 19, 2017

This week’s announcement is an expansion of the program, which is now available in New York City, Boston, Chicago, Washington, D.C., Riders need to first decide how much pre-tax income they’d like to contribute to the account, with the maximum being $255 for the 2017 year.

Taxes 100

Taxes Las Vegas San Diego Los Angeles 100

PYMNTS

JULY 26, 2019

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

Taxes social media cryptocurrency Washington 128

PYMNTS

JANUARY 26, 2018

Washington Post reports this week said GE revealed the SEC’s probe was linked to its disclosure of a miscalculation in its insurance unit. The Washington Post said the SEC had not yet commented on the investigation. billion tax charge related to the nation’s recent tax reform.

Washington 117

Washington Taxes Course National 117

Independent Banker

FEBRUARY 28, 2022

In person for the first time since 2019, the ICBA Capital Summit in Washington, D.C., Community bankers, pack your bags for Washington, D.C. Visiting a congressional office in Washington, D.C., Washington, D.C., The ICBA Capital Summit is the premier event for community bankers looking to advocate for their industry.

Community 180

Community Washington Community Bank Capital 180

Finer Points

NOVEMBER 23, 2015

While many Americans are gearing up for the holiday season, ICBA and community bankers are gearing up for a bustling couple of weeks in Washington.

Washington 100

Washington Taxes Community Industry 100

PYMNTS

DECEMBER 17, 2020

A less sunny aphorism, to be sure, but one that is unfortunately applicable this week as two pieces of good news – the circulation of a vaccine for COVID-19 and signs of life in a stimulus deal out of Washington before Congress breaks for the holidays – are spotlighting the dark clouds accompanying them.

Fraud 210

Fraud Taxes Washington Security 210

PYMNTS

MARCH 17, 2020

The most high-profile local interventions have happened Washington, D.C. has hiked the normal commercial property tax rate on vacant property from between $1.65 On March 3, San Francisco voters approved Proposition D , a property tax aimed at filling vacancies. Even smaller cities are opting for such taxes. Starting Jan.

Retail 135

Retail Arlington San Francisco Milwaukee 135

PYMNTS

AUGUST 9, 2020

A Washington, D.C.-headquartered compounding on differences over digital taxes and tariffs, Reuters reported. -India Business Council (USIBC), which said this was “anathema” to promoting competition, and that it could potentially hurt trade and investment in developing countries, Reuters reported.

Data 168

Data US Washington Regulation 168

PYMNTS

SEPTEMBER 30, 2019

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

Retail Taxes Virginia South Dakota 109

PYMNTS

SEPTEMBER 21, 2020

EU Undecided Whether To Appeal Ruling Upholding Apple’s Irish Tax Breaks . EU Will Implement Digital Tax Next Year Unless Global Rules Pass . The European Union will propose a digital tax in early 2021 if governments don’t reach a worldwide consensus on such taxes for the online era, EU President Ursula von der Leyen said recently. “We

Google 147

Google Taxes Compliance Regulation 147

PYMNTS

DECEMBER 16, 2020

That roster includes Washington State, New Jersey, Chicago and New York City. As PYMNTS reported in this space earlier in the month , the aggregators have faced challenges from several states and cities that have instituted caps on the fees that can be charged to restaurants.

National 160

National New York City Policies New Jersey 160

PYMNTS

APRIL 21, 2020

Plus, the IRS has shelved processing tax refunds to make room for sending stimulus payments. IRS Puts Tax Refunds In Storage As It Works On Stimulus Checks. The Washington, D.C. Public Businesses Reap PPP Relief Of $300M. Grab has said it is trying to offset the loss of ride-hailing business with its food delivery service.

Company 141

Company Payments Taxes Fraud 141

CB Insights

MARCH 4, 2022

Anrok , a SaaS sales tax solution, has raised $20M in a Series A. California-based Anrok unifies sales tax monitoring, calculation, and payments processes across the enterprise financial stack. The startup operates in the US and has teams in San Francisco, Texas, Colorado, and Washington, among other locations in the US.

Taxes 59

Taxes San Francisco Software Compliance 59

PYMNTS

SEPTEMBER 11, 2019

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. .

California 150

California Oregon New York Washington 150

PYMNTS

OCTOBER 25, 2019

tax laws, and some businesses and public sector stakeholders are now pushing back. The case ushered in a wave of state- and municipality-issued economic nexus laws that tax remote sellers based on economic activity rather than physical presence. The 2018 South Dakota v. Wayfair ruling paved the way for broadened U.S.

Taxes 100

Taxes South Dakota Policies Compliance 100

PYMNTS

JULY 14, 2019

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 materials were reportedly presented to agency staff at a June event in Washington, D.C. at the World Bank.

blockchain 140

blockchain Bitcoin Fraud social media 140

Abrigo

APRIL 27, 2016

With so many accounting firms wrapping up tax season and looking to other engagements in the year, it’s the ideal time to redouble efforts to be the trusted advisor your business clients want. in the Washington, D.C., Download a complimentary one-page guide, “ Before and After Tax Season: How to Increase Revenue and Add Value? ”

Taxes 150

Taxes Analysis Examples Technology 150

PYMNTS

FEBRUARY 19, 2020

The proposals coincide with efforts by some EU countries to levy digital taxes on large American technology companies. Washington is against that move, saying it is parallel to protectionism. The final proposals — including feedback from stakeholders — are anticipated by the end of 2020.

Policies 151

Policies social media Data Washington 151

PYMNTS

OCTOBER 19, 2018

That is partly because Amazon Chief Executive Jeff Bezos owns The Washington Post and has a house in the region. According to The New York Times in August, there are concerns that taxpayers could get stuck with a huge bill to cover those tax breaks and other incentives.

District of Columbia 135

District of Columbia Indianapolis New York City New York 135

PYMNTS

APRIL 22, 2020

The Cato Institute, a Washington, D.C. Every dollar borrowed causes damage down the road from the resulting higher taxes extracted from the private sector,” Cato wrote. Cato disputes Mnuchin’s view that low interest rates will make the debt easier to swallow.

US 141

US Washington Taxes Policies 141