Jorge San Martín and Elsa Sánchez-Urtiz, of SMPS Legal, discuss the many changes to income tax, value-added tax and the federal tax code that have been introduced in Mexico's 2020 tax reform.
The new tax reform for the tax year 2020 was published in in the Federal Official Gazette of Mexico, amending provisions of the Income Tax Law, the Value-added Tax (VAT) Law and the Federal Tax Code, among other laws, on December 9, 2019. Some of the main amendments are briefly detailed below.
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Mike Bloomberg releases plan to crack down on Wall Street - The Washington Post
As the mayor of New York, Mike Bloomberg often jumped to defend Wall Street and rebut calls for tough banking industry regulations after the global financial crisis.
On Tuesday, Bloomberg, who is running for president in the Democratic primary, announced an extensive proposal that appears to reverse many of his former positions. It would reinstate tougher oversight for giant banks, institute a financial transactions tax and strengthen consumer protection laws.
2020 Tax Tips | Credit.com
Note: The following is for informational purposes only and should not be considered tax advice. Please contact a tax adviser for questions about your personal tax situation.
Tax time will be here again before you know it: Tax Day 2020 is Wednesday, April 15. We're about two months away from one of the most stressful days for most Americans. Luckily, tax reform legislation in 2017 has simplified the tax code and changes for the taxes you file in 2020 may further increase your tax savings.
Climate solutions include free-market innovation, not taxation
Bipartisan, workable climate solutions exist, and they do not include creating new carbon taxes. Free-market innovation — not government regulation or taxation — is the best way to reduce carbon dioxide emissions .
People are globally rejecting carbon taxes as the answer to lowering emissions. French citizens took to the streets to protest an energy tax aimed at carbon . In America, voters in Washington state voted down a ballot measure to create a tax on emissions.
Quite a lot has been going on:
Mnuchin defends Treasury regulations on GOP tax law | TheHill
"Our job is to implement the legislation, not to make the legislation," Mnuchin said at a Senate Finance Committee hearing.
Democrats and Republicans have long been fighting over Trump's 2017 law, which received no Democratic votes. In recent weeks, a key issue in the messaging battle over the law has been over regulations implementing the measure's international provisions, following a New York Times article about corporate lobbying on the rules.
Democrats argue that Treasury guidance has been too generous for corporations following businesses' lobbying efforts, and may have exceeded the Treasury Department's legal authority.
Exclusive Details on Michael Bloomberg's Plan to Rein in Wall Street - The New York Times
Exclusive: We're the first to report Mike Bloomberg's proposals for changing how the financial industry is regulated, which he is planning to announce this morning. The plan features ideas that wouldn't be out of place for Senators Bernie Sanders and Elizabeth Warren.
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• Toughening banking regulations like the Volcker Rule and forcing lenders to hold more in reserve against losses
• Having the Justice Department create a dedicated team to fight corporate crime and "encouraging prosecutors to pursue individuals, not only corporations, for infractions"
European Union Unveils Proposed Tech Regulation to Rein In Silicon Valley
Margrethe Vestager, the European Union's digital and competition chief, today will release the first draft of an EU digital strategy likely to have major consequences for technology giants such as Apple, Facebook, and Google. The strategy will focus on a so-called digital single market that will support growth and innovation in the European tech industry. Vestager is currently examining big tech's data practices, including how companies use third-party data to compete.
AMERICA’S ECONOMIC REBOUND : The Ripon Society
But the remainder merits a closer look. There was substantial early congressional action on Obama-era regulations using the Congressional Review Act. The main effort, however, has been the Administration's imposition of regulatory budgets. As shown below, the difference between the implicit taxes levied in the Obama era (2016) and the Trump era (2017-2019) is like night and day. One has to believe that the business community – small and large – noticed and noticed quickly in 2017.
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