Tax

News, intelligence and resources on the global fintech industry including topics such as tax.

UN calls for comprehensive crypto regulation in developing countries

The organisation says crypto can “jeopardise the monetary sovereignty of countries”.

FinTech Futures: Top five stories of the week – 12 August 2022

Here’s our pick of five of the top news stories from the world of finance and tech this week.

Avalara

Tax automation fintech Avalara snapped up by Vista for $8.4bn

Vista Equity Partners will acquire all outstanding shares of Avalara for $93.50 per share.

April

Fintech start-up April secures $30m Series A to grow its embedded tax platform

Since launching in January 2022, the company has now raised $40 million in total capital.

KPMG and Microsoft partner to deliver cloud-based tax technologies

KPMG says its Digital Gateway platform, in collaboration with Microsoft, is “built with the C-suite in mind”.

MainStreet lays off 30% of its staff

US fintech MainStreet lays off 30% of employees

CEO Doug Ludlow cites “today’s incredibly rough market” as the reason for the layoffs.

jobs

FinTech Futures Jobs: Here’s why you should check out these fintech jobs

Exciting open vacancies at Tendable, Seedrs and Xero. Apply today!

London Stock Exchange Group sells BETA+ in $1.1bn deal

BETA, Maxit and Digital Investor (collectively known as BETA+) have been sold to Clearlake Capital and Motive Partners.

Tax automation firm Fonoa raises $25m for international expansion

The Dublin-based company will use the funding to extend country coverage and headcount.

FinTech Futures Jobs: Three companies on major hiring sprees this quarter

Exciting vacancies at Checkout.com, Deloitte and Everbridge. Apply today!

FinTech Futures Jobs: Three brilliant roles to apply for this week

Exciting vacancies at Broadridge, Checkout.com and Deloitte. Apply today!

freshbooks

Canadian fintech FreshBooks reaches $1bn valuation with latest funding

Firm secures $80.75 million in Series E funding and $50 million in debt financing.

Time to apply 2020 tax lessons

You should have a candid tax planning discussion with your advisors early

Six trends that will change the crypto world in 2021

Which coins will rise in price and which ones will fall?

Report: Cloud readiness – banking technology in transition

Cloud-ready SDS IREG enables customers to take the step towards next-generation tax reporting.

Bank of England apologises for role of former governors linked to slave trade

British taxpayers have been paying off slave owners from 1833 to 2015.

Europe battles on with digital tax plans despite US walk out

Almost 140 countries are part of the talks to bring in a digital tax.

Facebook attempts to address concerns expressed by regulators on the original proposal

The tax problems with this proposal identified in our client briefing on Libra 1.0 remain unresolved.

Top tips for protecting your assets in 2020

Interesting wealth management tips to consider during 2020.

White paper: Digitalisation, automation, coverage, timeliness and reliability

Challenges regarding the automatic exchange of information (AEOI) regarding tax matters summarised.

Libra cryptocurrency users face taxing problem

It is not clear how Facebook intend to solve this problem.