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PayPal venture arm invests in crypto tax startup Taxbit

News | Cryptocurrencies | 07 Jan 2021

PayPal venture arm has invested in US-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings.

PayPal, investment, crypto, blockchain, taxes, Bitcoin, US, Taxbit

Saudi Arabia to employ e-invoicing from December 2021

News | E-invoicing, SCF & E-procurement | 10 Dec 2020

Saudi Arabia has announced it will be introducing a new e-invoicing system that is expected to be a CTC regime.

Saudi Arabia, regulations, e-invoicing, CTC, framework, taxes, cross-border payments, debit, credit

Pro Payments, BigCommerce, Intuit QuickBooks help merchants to efficiently sync online payments

News | Online Payments | 09 Sep 2020

Pro Payments has announced that its platform takes advantage of the new integration between BigCommerce and QuickBooks.

Pro Payments, BigCommerce, QuickBooks, merchant, payment gateways, Authorize.net, Apple Pay, Amazon Pay, Adyen, Chase Payments, Elavon, NMI, Square, Stripe, PayPal, taxes, refunds, Discounts, shipping, QuickBooks Online, QuickBooks Payments, Cash Discount Program, credit card, processing fees

South Korea-based digital asset investors to pay 20% in taxes from crypto trading

News | Cryptocurrencies | 15 Jul 2020

South Korea’s private sector members have revealed that the nation’s citizens may have to pay as much as 20% of their cryptocurrency earnings in taxes. 

South Korea, digital assets, taxes, crypto trading, private sector, cryptocurrency, earnings, virtual currencies, electronic certificates, digital certificates, financial assets, capital gains, Financial Services Commission, financial regulator

External audit into financial crime could hurt PayPal' Australia results

News | Online Payments | 31 Mar 2020

PayPal Australia could take a financial hit after the completion of an external audit into the company's compliance with financial crime laws.

PayPal Australia, audit, taxes, AML, CTF, Australian Tax Office, Australia

US regulators to act against illegal use of crypto

News | Cryptocurrencies | 19 Mar 2020

The US law enforcement and regulatory agencies have set a Cryptocurrency Intelligence Program.

Cryptocurrency Intelligence Program, stablecoins, illegal use of crypto, cryptocurrency, taxes, dark net, money laundering, Monero, US, crypto exchanges, P2P payments

Germany: Irish data protection commission needs more resources to regulate big techs

News | Payments General | 03 Feb 2020

Germany’s federal data commissioner has suggested that Ireland’s Data Protection Commission (DPC) should accept outside help to succeed with the task of regulating big techs.

Ireland’s Data Protection Commission (DPC), big techs, GDPR, regulation, data privacy, taxes, Ireland

Tax havens cost the European Community EUR 170 billion a year

News | Online Payments | 31 Jan 2020

EU Member States lose EUR 170 billion a year due to tax avoidance practices exercised by the wealthiest citizens and multinational corporations operating in the EU.

EU Member states, multinational corporations, taxes, BigTechs, France, Germany, Europe, tax avoidance