Scotland is set to become the first country to provide free pads and tampons — a big win for the global movement to roll back onerous pricing for period products, including "tampon taxes" that classify sanitary pads as luxury items .
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The legislation passed an initial vote with 112 in favor, none against and one abstention, Reuters reported . It now heads to a second phase during which legislators can propose amendments.
Other things to check out:
Planning on Moving During Retirement?
Although many older adults choose to stay put during retirement, nearly 40% of Americans age 55 and older say they'd like to move at least once more, according to a survey from Freddie Mac.
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Say, for example, you and your spouse typically take retirement account withdrawals that add up to a combined income of $30,000 per year but are moving to a new city where you'll need to take larger withdrawals that will make your combined income increase to $45,000 per year. In this scenario, you could go from paying no federal taxes on your benefits to paying taxes on a substantial portion of your benefits.
Marijuana bill heads to House vote amid concerns from some growers and advocates - VTDigger
The marijuana tax and regulate bill is finally headed to a floor vote in the House after two years of tinkering in Democrat-led committees facing resistance from Gov. Phil Scott, who hasn’t made a commitment to support the initiative.
Scott’s not the only skeptic. Critics have two main objections to S.54 . Small growers say the proposal presents too many barriers to the legal market. And the group Justice for All says the legislation does not rectify decades of marijuana criminalization that has disproportionately impacted people of color.
More tax reform likely after election, say tax executives | Accounting Today
The Tax Cuts and Jobs Act of 2017 made the most far-reaching changes in the Tax Code in over 30 years, but it's far from the last word on tax reform, with 97 percent of corporate tax executives polled by BDO USA predicting more changes will come after the November election.
While 88 percent of the tax executives polled believe a global framework is needed for taxing the digital economy, they named understanding the impact of the ongoing work of the Organization for Economic Cooperation and Development on digital taxation as their top international tax concern this year.
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The IRS Issues Proposed Regulations That Clarifies When Your Steak And Wine Is Tax Deductible
Frequently, a business deal is ironed out away from the office. People get to know each other over dinner while the local jazz band is playing on stage. Details are discussed during a round of golf. Candid and confidential opinions can be disclosed at a ball game, usually after a few beers.
Before 2018, 50% of food and entertainment expenses incurred for a business purpose were tax-deductible. But after the passage of the Tax Cuts and Jobs Act, entertainment expenses are no longer tax deductible.
Iowa's golden opportunity for pro-growth tax reform | Opinion | globegazette.com
The 2018 tax reform law lowered the top individual income tax rate to 8.53 percent in 2019 and the top corporate tax rate is scheduled to be lowered from 12 percent (the nation's highest) to 9.8 percent by 2021. In 2023, the top personal income tax rate is scheduled to fall to 6.5 percent if a revenue triggers are met. Governor Reynolds has proposed the Invest in Iowa Act, which calls for further personal income tax relief, among other tax reforms.
The Invest in Iowa Act also calls for a 1 cent sales tax increase, which 3/8ths of the proposed increase would be dedicated to the Natural Resources and Outdoor Recreation trust fund, which Iowa voters approved in 2010. Both Governor Reynolds and free market legislative leaders are arguing that any sales tax increase must be offset by actual tax rate reductions.
Ga. Proposal Could Embolden Anti-Deference Trend In Tax Suits - Law360
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Ameren (NYSE: AEE) Announces 2019 Results and Issues Guidance for 2020 Earnings and Long-Term
ST. LOUIS , Feb. 26, 2020 /PRNewswire/ -- Ameren Corporation (NYSE: AEE ) today announced 2019 net income attributable to common shareholders in accordance with Generally Accepted Accounting Principles (GAAP) of $828 million , or $3.35 per diluted share, compared to 2018 GAAP net income attributable to common shareholders of $815 million , or $3.32 per diluted share.
Earnings results for 2019 were driven by strong operating performance and execution of the company's strategy. Higher earnings were the result of increased infrastructure investments across all business segments, as well as higher electric energy efficiency investments and natural gas delivery rates at Ameren Illinois Electric Distribution and Natural Gas, respectively.
Happening on Twitter
Scotland moves a step closer to making period products free for all https://t.co/FulQgg5Ai8 Independent (from London, England) Tue Feb 25 13:40:29 +0000 2020
Period poverty: Scotland moves a step closer to making sanitary products free for all! https://t.co/Imm6r09lMa KumariRukshmani (from Chomu, Rajasthan) Wed Feb 26 17:00:14 +0000 2020
Firm moves to Scotland in anticipation of country rejoining EU https://t.co/5H8PYOYg0h TheNewEuropean (from United Kingdom) Wed Feb 19 14:38:10 +0000 2020
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