A wide array of tax guidance is potentially vulnerable to legal challenges after the U.S. Supreme Court held that a Tennessee consulting firm can sue over an IRS reporting requirement without violating it first.
Unlike other federal regulators, the Treasury Department and Internal Revenue Service are protected by the Anti-Injunction Act from quick legal challenges to many of their tax regulations. The act generally bars lawsuits aimed at restraining tax assessment or collection, which in practice means lawsuits have to wait until taxpayers have gotten an IRS bill or are seeking a refund.
B2B Payments Today: B2Z Insurance, KPMG, Bamboo | PYMNTS.com
Today in B2B payments, B2Z Insurance talks real-time payments, and KPMG launches an accounting tool for Canadian SMBs. Plus, Bamboo Payment discusses cross-border B2B payments across Latin America, Moglix raises funding for its B2B eCommerce technology and Nium launches a maritime B2B payments solution.
Latin America can be an important market for corporate growth, but a dizzying patchwork of tax regulations and payment networks — and a growing number of platforms to manage them — can threaten the ROI of expansion. Bamboo Payment Systems' Carlos Steneri explains the benefits of a consolidated approach to cross-border B2B payments.
Bamboo Talks X-Border LATAM B2B Payments | PYMNTS.com
While Latin America certainly plays a strategic role for many businesses expanding internationally, it is often not their core market and, as a result, can be a tough sell for investment.
Increasingly, expanding into new jurisdictions requires a significant focus on understanding local payment standards and regulations — not to mention overcoming language barriers and mitigating the supply chain risks that can arise with any cross-border growth trajectory.
Franklin Limited Duration Income Trust Declares Monthly Distribution
SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Limited Duration Income Trust [NYSE American: FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0783 per common share, payable June 15, 2021, to shareholders of record on May 28, 2021 (Ex-Dividend Date: May 27, 2021).
The Fund adopted a managed distribution plan and will make monthly distributions to common shareholders at an annual minimum fixed rate of 10 percent, based on the average monthly net asset value (NAV) of the Fund's common shares. The Fund will calculate the average NAV from the previous month based on the number of business days in that month on which the NAV is calculated. The distribution will be calculated as 10 percent of the previous month's average NAV, divided by 12.
Triterras Finalizes Purchase Of Invoice Bazaar | PYMNTS.com
Singapore-based Triterras, Inc. , which works in trade and trade finance, has finalized its acquisition of Dubai-based Invoice Bazaar . The deal could face "customary closing conditions," according to the announcement on Monday (May 17).
Koneru said in the announcement that the company "now has an exceptional team located in the strategically important Middle East region, with licenses to operate immediately."
Voya Equity Closed End Funds Declare Distributions | Business | valdostadailytimes.com
Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the monthly distribution on the common shares of one of its closed-end funds.
With respect to the Fund, the distribution will be paid on June 15, 2021, to shareholders of record on June 2, 2021. The ex-dividend date is June 1, 2021. The distribution per share for the Fund is as follows:
IGD intends to make regular monthly distributions based on the past and projected performance of the Fund. The amount of a Fund's distribution may vary, depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the common shares may change. There can be no assurance that a Fund will be able to declare a distribution in each period. Past performance is no guarantee of future results.
Where in the world: the future of EU e-commerce taxation
The COVID-19 pandemic has caused digital e-commerce to soar. With the closure of physical shops and more people at home than ever before, accelerated use of online shopping via Amazon, eBay, Rakuten and other online marketplaces has become customary. Shopping in this way is straight forward for the most part, as goods crossing international borders into the EU can be imported without incurring additional VAT charges if they fall below the Low Value Consignment Relief (LVCR) threshold.
As we have already seen, goods coming into the UK may now include more costs following Britain's exit from the European Union (EU). But this change in tax doesn't rest solely on Brexit – it's part of the wider EU e-commerce VAT package which was implemented by the UK in January 2021, with legislation in the rest of Europe set to follow on 1 July 2021.
Poland: The Polish Deal | Article | ING Think
The Polish Deal was announced on Saturday, 15 May. It is a new socio-economic programme of the Law and Justice party for 2021-30, which includes:
• an increase in spending on healthcare from 5.3% of GDP in 2021 to 6% of GDP in 2023 and 7% of GDP in 2027;
• an increase of the tax-free amount to PLN30k per annum and the tax threshold from PLN85.5k to PLN120k;
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