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Unraveling the Hidden Costs of Cutting Interchange Fees on Sales Tax
Manage episode 424509664 series 3347948
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Navigating the innovative yet challenging Illinois Interchange Fee Prohibition Act is no small feat for small business owners, financial analysts, and policy makers. This legislation bans interchange fees on the tax and gratuity portions of credit or debit transactions. In this episode, we'll unravel the complexities of the Act, detailing its provisions, the multifaceted challenges of its implementation, and the broader implications for the payment ecosystem.
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About the author:
Howard W. Herndon
150 episodes
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