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ETA Joint Letter to MA Department of Revenue – Opposing 1099K Changes

ETA submitted the attached joint comment letter to the Department of Revenue in Massachusetts opposing the proposed change to the reporting requirements for third party settlement organizations which would lower the requirement to issue a 1099K form from the federal levels ($20,000 and 200 transactions) to $600 and no transaction requirements. This would be effective beginning with the 2017 calendar year. We also thank Keith Noreika, who served as the Acting...

ETA Statement on Joseph Otting Senate Confirmation to Lead OCC

Washington, DC – November 16, 2017 – The following statement regarding the confirmation of Joseph Otting to lead the Office of the Comptroller of the Currency (OCC) is attributed to Jason Oxman, Chief Executive Officer of the Electronic Transactions Association (ETA), the trade association of the global payments technology industry. “We congratulate Joseph Otting on his confirmation to serve as the U.S. Comptroller of the Currency. We look forward to...

ETA Applauds the House for Passing Tax Reform

Washington, D.C. – November 16, 2017 – Electronic Transactions Association (ETA) CEO Jason Oxman issued the following statement today after the House passed tax reform legislation. “We applaud the House for passing tax reform legislation. As the industry that makes commerce possible by processing more than $6 trillion in purchases in the U.S., we welcome this important step in overhauling the tax system. This brings us one step closer to strengthening...

ETA Statement on CFPB Director Richard Cordray

Washington, DC – November 15th, 2017 – The following statement regarding Consumer Financial Protection Bureau (CFPB) Director Richard Cordray is attributed to Jason Oxman, Chief Executive Officer of the Electronic Transactions Association (ETA), the trade association of the global payments technology industry. “We thank Director Cordray for his service at the CFPB and wish him well in his future endeavors.  We have appreciated his willingness to listen...

ETA Applauds Retention of Tax Treatment for Stock Options In Chairman’s Mark

Washington, D.C. – November 15, 2017 – Electronic Transactions Association (ETA) Senior Vice President Scott Talbott issued the following statement today after the Senate Finance Committee removed changes to the taxation of non-qualified deferred compensation plans originally proposed in Section III(H)(1) of the Tax Cuts and Jobs Act. “We are pleased that the Senate Finance Committee, under the leadership of Chairman Hatch, removed provisions from the...

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