taxes

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

Source: en.wikipedia.org

Why Government eInvoice Mandates Aren’t Only About Tax Fraud

Why Government eInvoice Mandates Aren’t Only About Tax Fraud
Why Government eInvoice Mandates Aren’t Only About Tax Fraud
August 25, 2020  |  B2B Payments

India is the next country on the docket to implement electronic invoicing (eInvoicing) requirements, and like so many other markets, the regulatory focus is on...

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Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate Entities In India
Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate...
August 24, 2020  |  Legal & Regulation

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Get...

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UK Says Digital Tax On US Big Techs Like Facebook, Amazon And Google Stays
UK Says Digital Tax On US Big Techs Like Facebook, Amazon And Google Stays
August 24, 2020  |  Cross-border Payments

Officials in the United Kingdom have denied a published report that the U.K. is planning to end a tax on U.S. digital companies. Get the...

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Report: UK Tax Aimed At Facebook, Amazon, Google To Be Repealed
Report: UK Tax Aimed At Facebook, Amazon, Google To Be Repealed
August 23, 2020  |  Taxes

The U.K. is planning to repeal a tax targeting Facebook, Amazon and Google amid opposition from the President Donald Trump administration, the Daily Mail reported....

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IRS Sends Refund Interest Checks To 13.9 Million Taxpayers
IRS Sends Refund Interest Checks To 13.9 Million Taxpayers
August 18, 2020  |  Taxes

The U.S. Department of the Treasury and the IRS are planning to send out interest payments totaling $18 on average to 13.9 million Americans who...

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Bitcoin Daily: Venezuela May Collect Taxes In Crypto; Russian Agency Proposes AI To Track Crypto Transactions
Bitcoin Daily: Venezuela May Collect Taxes In Crypto; Russian Agency Proposes AI To Track Crypto...
August 12, 2020  |  Bitcoin

Venezuela may be going forward with a plan to allow the use of the Petro (PTR) cryptocurrency to pay taxes, according to Cointelegraph. Get the...

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Will COVID And Fraud Finally Kill The Paper Check?
Will COVID And Fraud Finally Kill The Paper Check?
August 03, 2020  |  Digital Payments

PYMNTS has been writing for years about the ongoing push to #killthecheck, but paper checks live on because of their ubiquity of acceptance and simplicity...

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US Lawmakers Aim To Fix PPP Loophole That Could Cost SMBs Billions
US Lawmakers Aim To Fix PPP Loophole That Could Cost SMBs Billions
July 29, 2020  |  Loans

Lawmakers want to fix a mix-up in the economic relief CARES Act laws from March that could cost small businesses $120 billion in taxes, The...

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