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Mallinckrodt Announces Agreement in Principle for Global Opioid Settlement and Associated Debt
STAINES-UPON-THAMES, United Kingdom , Feb.
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Under the terms of the proposed settlement, which would become effective upon Specialty Generics' emergence from a contemplated Chapter 11 process, subject to court approval and other conditions:
A copy of the term sheet outlining the terms of the proposed settlement, including the conditions to the effectiveness of the settlement, has been filed as an exhibit to a Form 8-K filed by the Company today with the U.S. Securities and Exchange Commission.
INSIGHT: Country-by-Country Reporting Consultation and the Importance to MENA Locations
The OECD issued a public consultation on Country-by-Country Reporting (CbCR) in February 2020. Shiv Mahalingham, of Deloitte MENA, summarizes some of the most important themes based on experience with CbCR in the Middle East, North Africa region.
In June 2018, the Inclusive Framework (now 137 members) directed the Organization for Economic Co-operation and Development (OECD) Committee on Fiscal Affairs (CFA) Working Party 6 (on the Taxation of Multinational Enterprises) and Working Party 10 (on Transparency and Exchange of Information) to work together to conduct this 2020 review.
Alachua County Collects Thousands In Tourist Tax From Gainesville Airbnb Hosts – WUFT News
The owners of Magnolia Plantation Bed and Breakfast Inn were successful in their fight to defend their B&B against short-term vacation rentals like Airbnb and VRBO. As of June 2019, Alachua County has collected a 5% tourist tax from all short-term lodging renters.
The incoming revenue follows years of negotiations between Airbnb company representatives and the Alachua County Tax Collector’s office that ultimately did not result in a deal. Instead, hosts — and not the online platform companies — are required to remit the taxes to the county themselves.
Not to change the topic here:
West Virginia Tax Department Proposes Property Tax Regulations on Valuation of Wireless
The West Virginia State Tax Department Jan. 28 proposed a property tax regulation concerning usage of the special valuation method by the Tax Commissioner and the Board of Public Works for determining the assessed value of wireless communications transmission towers.
Salesforce Announces Record Fourth Quarter and Full Year Fiscal 2020 Results
SAN FRANCISCO , Feb. 25, 2020 /PRNewswire/ -- Salesforce (NYSE: CRM ), the global leader in CRM, today announced results for its fourth quarter and fiscal year ended January 31, 2020 .
"Our Q4 and FY20 results were phenomenal. We are delighted to raise our revenue guidance for FY21 by $200 million to $21.1 billion at the high end of the range, while expanding our operating margin," said Marc Benioff , Salesforce Chairman and CEO. "Nothing is more important to us than the trust and customer success we have with each one of our customers. Salesforce's Customer 360 platform uniquely brings companies and customers together."
Senator Mark Johnson supports plan to return budget surplus back to Minnesota families, farmers,
– Senate Republicans today announced a taxpayer focused plan to return Minnesota's budget surplus back to the taxpayers. The Senate plan emphasizes returning your money back in your pockets, particularly middle-income and low-income earners, so you have more security, freedom, and flexibility to chase your dreams. This is the marquee piece of Senate Republicans’ Vision 2020 Agenda , which was unveiled in January.
The Get Your Billion Back tax plan is a series of tax cuts worth more than $1 billion, which will ease the tax burden for every single Minnesota taxpayer. We are fighting to reduce the bottom income tax rate, completely eliminating taxes on Social Security income, expanding the K-12 income tax credit, fully conform with 179 federal regulations and more.
"The surplus clearly signifies the Government has its hands deep in your pockets," said Senator Mark Johnson (R-East Grand Forks).
High Illinois taxes drive out business | Medill Reports Chicago
Scott Schnurr wanted to buy a fully equipped 30,100 square-foot building in the Chicago suburb of Naperville, but high property taxes convinced him to look for real estate elsewhere.
The building had stood empty for two years. If not for the taxes, it could have housed a hundred jobs for Schnurr's water heater installation company, DRF Trusted Property Solutions.
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