In Financial Inclusion, Payments, Regulation

March 1, 2017 – Today Financial Innovation Now expressed significant concerns with an Iowa proposal to tax digital wallet transactions. In a letter to the Iowa House Judiciary Committee, FIN urged reconsideration of the legislation, arguing that a tax on new digital payment services will raise barriers to financial inclusion and innovation that benefit Iowa residents and Iowa businesses.

A copy of the letter can be accessed here: http://financialinnovationnow.org/wp-content/uploads/2017/03/fin-iowa-hsb150-wallet-tax.pdf

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