Since my first day in office, I have been committed to fostering an environment where all businesses, including minority-owned businesses, can thrive. The historic 2017 Tax Cuts and Jobs Act provided for the biggest tax cuts and reforms in American history, benefitting all Americans. This legislation also created Opportunity Zones, a landmark program that encourages investment in distressed communities and creates jobs for those who are most in need of opportunities for economic empowerment.
In case you are keeping track:
The Coca-Cola Company Announces Debt Tender Offers | Business Wire
Each Offer is made upon the terms and subject to the conditions set forth in the offer to purchase, dated September 14, 2020 (as may be amended or supplemented from time to time, the "Offer to Purchase"), and its accompanying notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Tender Offer Documents"). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.
2020 MONGOLIA INVESTMENT CLIMATE STATEMENT | U.S. Embassy in Mongolia
Mongolia's frontier market and vast mineral reserves represent potentially lucrative opportunities for investors, but a high-risk macroeconomic environment and lack of input from stakeholders during rulemaking warrant caution. Mongolia's economic model of exporting minerals and importing most other goods means the government imposes few market-access barriers. Investors also face few investment restrictions in Mongolia, enjoying mostly unfettered access to the market.
A COVID-19-related ban on entry of foreigners into Mongolia and prohibition on passenger flights will complicate investment decisions for as long as these measures remain in effect. Hazardous air pollution during the winter may hamper efforts to attract top talent, although the government made substantial progress in 2019 addressing it.
Watchdog: Outside group omitted campaign spending on GOP from tax return - Wisconsin Examiner
A tax-exempt lobbying group with close ties to the Republican Party spent nearly $1 million to help elect 13 GOP lawmakers in the 2016 and 2018 election cycles — without filing required reports, according to a complaint filed Tuesday with the federal Internal Revenue Service.
The Jobs First Coalition (JFC), founded in August 2009 and exempt from taxes under Section 501(c)(4) of the federal Internal Revenue Code, transferred $920,000 in the tax years of 2016 through 2018 to a separate political fund it operates, states the complain t, filed by the Campaign for Accountability in Washington, D.C.
In case you are keeping track:
Online Sales Tax in 2020: Fear, Anxiety, and Noncompliance - EcommerceBytes
Immediately following the Supreme Court ruling in the landmark Wayfair ruling , dozens of states enacted laws or regulations requiring online sellers from other states to collect and remit sales taxes.
In the two years since, many of those same states have moved to impose tax-collection requirements on marketplaces like Amazon and Etsy, while many smaller sellers have been uncertain and fearful about their own tax responsibilities, according to Charles Maniace, vice president of regulatory analysis and design at Sovos , a sales-tax software provider.
Columbia Basin Herald
NEW YORK (AP) — Wall Street closed out its worst week since June with another day of churning trading Friday, as big technology stocks resumed their suddenly weakened ways.
The S&P 500 rose 1.78, or 0.1%, to 3,340.97, but only after a roller-coaster day where a gain of 0.9% gave way to a loss of 0.9%. It kept swinging up and down after that, the latest examples of the lightning-quick shifts in momentum that have rocked Wall Street recently. Through the tumultuous week, the S&P 500 lost 2.5% to clinch its its first back-to-back weekly loss in four months.
Wolters Kluwer Supports livi bank with OneSumX for Regulatory Reporting Solution | Business Wire
OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy, and includes Wolters Kluwer's Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulations in 30 countries.
"We are delighted to be working with livi bank as it commences its operations to provide its innovative banking offering," commented Rainer Fuchsluger, Managing Director of Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) business for APAC. "We look forward to working with the bank, and our growing number of virtual banking clients across the region, as they embark on their banking journey with our OneSumX solution."
Long-Awaited Treasury Regulations Address the Application of Section 1061 to Carried Interests -
On July 31, the Department of the Treasury (Treasury) and the Internal Revenue Service (the Service) issued proposed regulations (REGS-107213-18) (Proposed Regulations) governing the treatment of “carried interests” (also referred to as “profits interests”) under Section 1061 of the Internal Revenue Code (the Code).
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Gain from the sale of capital assets held for more than one year (long-term capital gain) is generally taxed at preferential rates (currently 20%) for noncorporate taxpayers. Section 1061 increased the requisite holding period for such preferential rates from one year to three years with respect to gain attributable to “applicable partnership interests” (APIs).
Happening on Twitter
Proclamation on Patriot Day, 2020 | The White House #MAGA #AmericaFirst #Dobbs https://t.co/wC84Eys8MG LouDobbs (from New York, NY) Sat Sep 12 15:01:18 +0000 2020
In 2001, our Nation, united under God, made an unbreakable promise never to forget the nearly 3,000 innocent Americ… https://t.co/SJaNyhpmcW realDonaldTrump (from Washington, DC) Fri Sep 11 11:42:36 +0000 2020
"Today, we celebrate all workers, across every sector of our economy, whose efforts have never been more appreciate… https://t.co/nLdRVGWLyk WhiteHouse (from Washington, D.C.) Mon Sep 07 21:12:00 +0000 2020
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