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What The Streamlined Sales And Use Tax Agreement Means After Wayfair

PYMNTS

Businesses depend on the public services tax revenues pay for: roads that facilitate deliveries, courts where firms resolve legal disputes and regulators that help protect businesses from fraud. Even businesses eager to pay their share, however, may feel that complying with tax laws is complicated. .

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Industry Statements on on Merchant, Payment Network Lawsuit Agreement

Electronic Payments Coalition

EPC STATEMENT: WASHINGTON – Electronic Payments Coalition (EPC) Executive Chairman Richard Hunt issued the following statement regarding the impact the interchange lawsuit agreement between U.S. Congress should put an end to the ill-advised Durbin-Marshall mandates and let the agreement merchants reached stand on its own.”

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Disputed clause on data flows in TiSA may affect EU privacy law

The Paypers

(The Paypers) Privacy advocates have lobbied the EU Trade Commissioner about a disputed clause on data flows in TiSA (Trade in Services Agreement).

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NRF On The Case For Revising eCommerce Sales Tax Laws

PYMNTS

The dispute continues over exactly what kinds of companies and activities qualify for new eCommerce sales taxes. The state’s attorney general recently shot down the Department of Revenue’s tax law, arguing that the lack of a safe harbor provision exempting small businesses or those with little in-state economic activity made the law invalid.

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What Wayfair’s Lawyer Says About The Wayfair v. South Dakota Decision

PYMNTS

Wayfair ruling allowed counties, states and municipalities to pass laws to tax out-of-state sellers and the eCommerce marketplaces that serve them, but the ruling did not disclose specifications on what such laws must look like. The 2018 South Dakota v. Lawyer George Isaacson argued Wayfair’s side in the historic 2018 South Dakota v.

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CFPB’s 2020: Drawing A Bead On Abusive Practices — And States’ Activities

PYMNTS

Mulvaney told a banking conference that, in contrast to standards that define “unfair” and “deceptive” practices, “to my knowledge, I don’t think ‘abusive’ is nearly as well-established in the law. … However, nearly a decade after the act became law, uncertainty remains as to the scope and meaning of abusiveness. Digital Taxes, Abroad.

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Visa and Mastercard Settle Swipe Fee Lawsuit

Finovate

Further, the suit claims that both companies and their member banks were in violation of antitrust laws in doing so. Hilliard Shadowen, the law firm that represented the merchants in the case, estimates that U.S. Per the settlement, these interchange fees – also known as swipe fees – will be lowered and capped until 2030.

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