Wednesday, April 22, 2020

White House readies push to slash regulations as major part of its coronavirus economic recovery

Senior White House and Trump administration officials are planning to launch a sweeping effort in the coming days to repeal or suspend federal regulations affecting businesses, with the expected executive action seen by advisers as a way to boost an economy facing its worst shock in generations , two people familiar with the internal planning said.

The White House-driven initiative is expected to center on suspending federal regulations for small businesses and expanding an existing administration program that requires agencies to revoke two regulations for every new one they issue, the two people said.

Publisher: Washington Post
Date: 2020-04-21T23:15:59.490Z
Twitter: @WashingtonPost
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Quite a lot has been going on:

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Bunge agrees to sell 35 U.S. grain elevators | News | webstercountycitizen.com

ST. LOUIS , April 21, 2020 /PRNewswire/ -- Bunge Limited (NYSE: BG) today announced that it has agreed to sell 35 U.S. interior elevators to Zen-Noh Grain Corporation. The completion of the sale is subject to customary closing conditions, including regulatory approval.

"This transaction will allow Bunge to operate more efficiently and reinvest in higher returning areas of the company while reducing costs and strengthening our balance sheet," said Greg Heckman , Bunge's Chief Executive Officer. "Bunge will continue to be an industry leader in the U.S. grain marketplace through global grain trading and distribution with our export terminals in Destrehan, Louisiana , which we are expanding, and EGT, our joint venture in the Pacific Northwest.

Publisher: Webster County Citizen
Author: Bunge Limited Zen Noh Grain Corporation
Twitter: @CitizenPaper
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INSIGHT: Argentine Tax Reforms and Developments

Tax reforms in Argentina include features relevant to foreign investors and companies doing business there. Gustavo Scravaglieri and Ariel Becher of Pistrelli Henry Martin y Asociados SRL, and Pablo Baroffio with the Latin American Business Centre, Ernst & Young LLP (UK), take us through the detail.

In the fast-changing global tax landscape, Argentina is no exception. Following the presidential elections and the change of the federal government in 2019, the tax outlook presents several points of attention for 2020. Law 27,541 (the Law)
together with Presidential Decree 99/2019 and other regulations (the tax reform) have introduced changes shaping the tax system and the business environment.

Twitter: @tax
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In case you are keeping track:

US Foods Announces Private Offering of $800 Million of Senior Secured Notes - Odessa American:

US Foods Announces Private Offering of $800 Million of Senior Secured Notes Associated Press |

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The Notes and the guarantees thereof will be offered in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Notes and the guarantees thereof will be offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act.

Publisher: Odessa American
Date: FC78D2861106382E17EA9DBADCE546CF
Twitter: @OdessaAmerican
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As workers, businesses seek more aid, politics could stall further stimulus in Congress | KMTR
Publisher: KMTR
Date: 2020-04-22T16:26:34 00:00
Author: Stephen Loiaconi
Twitter: @http://twitter.com/kmtr
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Tax Co-Sourcing & Outsourcing: G&A Considerations | Opportune LLP - JDSupra

Areas within tax to consider for outsourcing or co-sourcing include financial reporting for tax, tax return preparation (whether in whole or in part), transfer pricing documentation, M&A support (including pre-transaction restructuring and post-transaction integration) and tax controversy support.

Ideally, in an IRS audit setting it is best to have someone who was not directly involved in the preparation of the return or the transaction interact with the IRS. The unbiased review usually results in a better strategy and negotiating position. Tax audits are also subject to the ebb and flow of the IRS team’s capacity. Using an outside provider to assist with the audits would prevent the often-difficult task of hiring and then letting go of employees when the audit slows or ceases.

Publisher: JD Supra
Twitter: @jdsupra
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Allocating Loss When COVID-19 Disrupts Your Supply Chain - Law360

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Author: https www law360 com tax authority articles 1265850 allocating loss when covid 19 disrupts your supply chain
Twitter: @law360
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