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

Amex Fires Sales Staff Over Wire Payment Tax Benefit Claims

Amex Fires Sales Staff Over Wire Payment Tax Benefit Claims
Amex Fires Sales Staff Over Wire Payment Tax Benefit Claims
November 24, 2021  |  Personnel

American Express has terminated some of its employees and disciplined others stemming from the sales staff’s positioning of products “inappropriately,” particularly related to purported tax...

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Dublin Startup Fonoa Raises $25M for Tax Automation
Dublin Startup Fonoa Raises $25M for Tax Automation
November 22, 2021  |  Cross-border Payments

Dublin-based tax automation startup Fonoa has raised $25 million in a funding round, which the company plans to use to expand businesses’ tax compliance, according...

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AmEx Lured Business Customers with Fraudulent Sales Pitch
AmEx Lured Business Customers with Fraudulent Sales Pitch
November 22, 2021  |  Banking

American Express’ pitch to business customers that using an AmEx card to pay employees and suppliers turned out to be built on a flawed premise...

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IRS Seizes $3.5B in Crypto in FY 2021
IRS Seizes $3.5B in Crypto in FY 2021
November 19, 2021  |  Cybersecurity

The Internal Revenue Service (IRS) seized $3.5 billion in cryptocurrencies during the fiscal year 2021, accounting for 93% of the assets seized during the year....

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Argentina Releases Decree to Tax Crypto Exchanges, Transactions
Argentina Releases Decree to Tax Crypto Exchanges, Transactions
November 19, 2021  |  Taxes

Most cryptocurrency transactions and exchanges will be subject to taxation in Argentina after the government clarified and updated new rules limiting tax exemptions to third-party...

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US Reps Hope to Amend Infrastructure Bill’s Crypto Rules 
US Reps Hope to Amend Infrastructure Bill’s Crypto Rules 
November 18, 2021  |  Cryptocurrency

A bipartisan collective of U.S. congressional representatives has introduced a bill aimed at dealing with a tax reporting requirement for cryptocurrency in the $1.7 trillion...

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EMEA Daily: UK’s Cazoo Acquires Swipcar for $40M; Mastercard’s Aiia Powers New Platform in Denmark
EMEA Daily: UK’s Cazoo Acquires Swipcar for $40M; Mastercard’s Aiia Powers New Platform in Denmark
November 16, 2021  |  Cross-border Payments

In today’s top Europe, Middle East and Africa (EMEA) news, U.K. online car retailer Cazoo acquires motor vehicle subscription platform Swipcar for $40 million; Mastercard’s...

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Qatar’s Commercial Bank Rolls Out Online Service for Tax Payments 
Qatar’s Commercial Bank Rolls Out Online Service for Tax Payments 
November 16, 2021  |  Cross-border Payments

Qatar’s largest private sector bank, Commercial Bank, has teamed with the General Tax Authority (GTA) to offer a direct payment service whereby funds from the taxpayer’s...

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