The vast majority of retail investors stayed invested during the pandemic with just 2% pulling out, according to a survey by a retail investment platform. The poll by EQi, formerly Selftrade, found that 30% of investors left their investments alone, while 28% continued to buy and sell. Just 2% made only investment sales since the […]
Archives for 2020
Instagram to start sharing revenue with creators
Instagram is rolling out new features that will enable content creators to make money directly from the platform, as it looks to retain talent amid growing competition from rivals TikTok and YouTube. The Facebook-owned video and photo sharing platform will start sharing revenue with creators through ads on its long-form video service IGTV and purchase […]
Tencent raises $6 billion in largest Asian corporate debt deal this year
Tencent has raised $6 billion in debt, the Chinese technology company said on Thursday, in the largest debt deal by an Asian corporate in 2020. The deal was finalised early on Thursday in which Tencent raised $1 billion in five-year debt, $2.25 billion in 10-year, $2 billion in 30-year and $750 million in 40-year debt, […]
Online fraudsters find new victims in midst of lockdown
Representative image Although economic activity has come to a near standstill due to the lockdown, there is no let-up in online crime. Fraudsters have been managed to steal from hundreds of bank accounts by either impersonating acquaintances of account holders, tricking tipplers desperate to buy liquor online or deceiving those searching for service providers. Last […]
Visa, Mastercard urge RBI to relax limits on ‘tap and go’ payments
Visa and Mastercard along with the Payment Council of India (PCI) have suggested the Reserve Bank of India to relax the limit on contactless transactions through debit and credit cards allowed without PIN to Rs 5,000 from the current Rs 2,000. The proposed relaxation on ‘tap and go’ payments could make card purchases safer for […]
Tax-News.com: IRS Clarifies Tax Treaty References To NAFTA
On May 19, 2020, the United States Treasury Department and the Internal Revenue Service issued an Announcement which clarifies the interpretation of references in US income tax treaties to the North American Free Trade Agreement once it is replaced by the Agreement between the United States, Mexico and Canada.
Tax-News.com: France To Press On With Digital Tax
French Finance Minister Bruno Le Maire has said that the Government intends to introduce a digital services tax this year.
Tax-News.com: US House Passes COVID-19 Stimulus Bill With Tax Measures
On May 15, 2020, the United States House of Representatives approved the HEROES Act, which amends previous COVID-19-related stimulus legislation by changing loss carryback rules and providing further tax support for businesses and individuals.
Donald Trump threatens to shut social media companies after Twitter fact check
President Donald Trump threatened to regulate or shutter social media companies — a warning apparently aimed at Twitter Inc after it began fact-checking his tweets. In a pair of tweets issued Wednesday morning from his iPhone, Trump said that social media sites are trying to silence conservative voices, and need to change course or face […]
Behind the tech: the team tackling cash flow forecasting
To help small businesses manage their cash flow during COVID-19, we’ve extended our short-term cash flow pilot to Xero customers with business edition plans until 31 August 2020. It represents the next wave of innovation for Xero – moving from real-time data to predicting the future. We sat down with Penny Wildash, Product Manager at […]