As European economies seek shelter from inflation, governments across the continent are turning to windfall taxes — aimed at an industry that is perceived to have profited from a sudden increase in income — as a way to fund initiatives and alleviate some of the...
The Internal Revenue Service is set to pay billions in interest to tax filers as it struggles to process tax refunds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
This week marks the launch of Ghana’s “eLevy,” a 1.5% tax on all mobile money transactions higher than 100 Ghanaian cedis (about $13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Tax Day 2023 is nearly a year away, but Verizon wants fleet-based businesses to have ample time to prepare. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
The federal Internal Revenue Service is investigating whether American Express sales staff gave faulty tax guidance to potential customers in an effort to sell them payment card-related services, the Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and...
The world’s biggest online platforms could be assessed an annual fee of up to 0.1% of yearly net income to cover costs to regulate compliance with European Union (EU) rules requiring them to police their content, Reuters reported Tuesday (April 5). Get the Full Story...
Airbnb Inc. found a home for more than $1.5 billion in tourism taxes last year in every U.S. state, the District of Columbia and Puerto Rico, the California-based online marketplace for lodging announced Thursday (March 17). Get the Full Story Complete the form to unlock...
Following a $10 million seed round, tax platform April began operations Tuesday (Jan. 18) with the backing of financial institutions (FIs) that include Propel. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
A company owned by the cryptocurrency exchange Binance is one of the targets in India’s ongoing crackdown on alleged tax evaders, Bloomberg reported Monday (Jan. 3). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
