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How MercadoLibre emerged as an ecommerce titan

How MercadoLibre emerged as an ecommerce titan

Latin America’s answer to Alibaba valued at $63bn as consumers turn to online shopping Captured on camera at a New Year’s Eve party at the turn of the millennium, Marcos Galperín confidently declared that the…

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The second Covid-19 spike is forcing retailers like Foot Locker to refocus on e-commerce

The second Covid-19 spike is forcing retailers like Foot Locker to refocus on e-commerce

Foot Locker had a strong quarter, according to its latest earnings report released Friday morning. Over the three months ending on Oct. 31, the brand brought in $128 million in revenue, beating the $122 million it…

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The United States Needs a Value-Added Tax

The United States Needs a Value-Added Tax

The U.S. faces a large long-term imbalance between projected federal tax revenue and federal spending, which has widened during the coronavirus pandemic. Alan Viard of the American Enterprise Institute posits that a value-added tax is…

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New York authorities investigating millions in tax write-offs from the Trump Organization

New York authorities investigating millions in tax write-offs from the Trump Organization

New York authorities investigating the Trump Organization have expanded their inquiries to include tax write-offs involving millions of dollars in consulting fees, according to people familiar with the investigation. Investigators with the Manhattan district attorney’s office, which…

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How Open Banking can help SME’s grow and thrive

How Open Banking can help SME’s grow and thrive

In September the UK’s Open Banking implementation body (OBIE) announced a significant uptake in the number of Open Banking service uses in the UK, with over two million people now benefiting from Open Banking products.…

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Gemini Taps ClearBank for Banking Services in the UK

Gemini Taps ClearBank for Banking Services in the UK

The banking services will include dedicated account numbers, sort codes, and Faster Payments. Gemini, a cryptocurrency exchange and custodian, has selected ClearBank to receive banking services in the United Kingdom essential for its operation in…

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Google revamps its strategy towards banking

Google revamps its strategy towards banking

Tech group promotes new style of mobile bank account in alliance with lenders A decade ago, when the biggest consumer tech companies first showed an interest in financial services, the banking world dug in for…

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Banking Apps Prove More Popular Than Social Media During Pandemic

Banking Apps Prove More Popular Than Social Media During Pandemic

This year has seen people, including older generations, flock to banking online and on their phones to ensure they stay on top of their money and bills amidst the COVID-19 pandemic, according to new research…

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IRS Announcement Regarding Effect of Entity Payment of Tax on SALT Deduction Limitation

IRS Announcement Regarding Effect of Entity Payment of Tax on SALT Deduction Limitation

The 2017 federal tax reform legislation included a limitation on the individual itemized deduction for state and local taxes (“SALT”). The limit is $10,000 per joint return and $5,000 per return for married taxpayers that…

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Lightfoot’s $94 Million Property Tax Hike Clears Major Hurdle

Lightfoot’s $94 Million Property Tax Hike Clears Major Hurdle

The city’s Finance Committee approved the tax hike by a 21-12 vote. Mayor Lori Lightfoot needs 26 votes at City Council to pass it. CHICAGO — Mayor Lori Lightfoot’s 2021 pandemic budget passed its first…

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