Wednesday, October 14, 2020

Virginia State Corporation Commission Proposes Regulations on Consumer Finance Companies

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While you're here, how about this:

Czech Republic—Implementation of DAC 6 and Quick Fixes
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2020 general election: N.M. House of Representatives, District 57 » Albuquerque Journal

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Date: Candidate questionnaires
Author: Candidate questionnaires
Twitter: @abqjournal
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Pyxus International Announces New Board Members

MORRISVILLE, N.C. , Oct. 13, 2020 /PRNewswire/ -- Pyxus International, Inc. (OTC Pink: PYYX) ("Pyxus International" or the "Company"), a global value-added agricultural company, announced today that it has appointed Robert George , Carl Hausmann , Cynthia Moehring and Richard Topping to its Board of Directors, effective October 12, 2020 . These individuals join previously announced board members Holly Kim , Partner at Glendon Capital Management L.P.

"The addition of the new members to Pyxus' board of directors is a key milestone in its transformation strategy," said Sikkel. "We believe this mix of directors brings proven financial and operational track records and diverse perspectives that will contribute to Pyxus' future success, and we look forward to working with this group of proven leaders to accelerate the Company's growth."

Date: 9D28F7743C790DD88F2D9C7375EF7ED5
Author: Pyxus International Inc
Twitter: @PRNewswire
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While you're here, how about this:

Regulations Addressing Section 958(b)(4) Repeal Provide Relief for U.S.

Prior to repeal under the TCJA, section 958(b)(4) provided a limitation on the application of the section 318 constructive ownership rules for purposes of determining whether a foreign corporation was a controlled foreign corporation (“CFC”) within the meaning of section 957. In particular, section 958(b)(4) turned off “downward attribution” from a foreign person to a U.S. person − for example, attribution from a foreign parent to a U.S. subsidiary.

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Comments submitted in response to the 2019 proposed regulations asked for relief for foreign corporations that are CFCs solely as a result of the repeal of section 958(b)(4).

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Final Regulations on Partnership Interest Transfers and Withholding Taxes | Weil, Gotshal &

On October 7, 2020, the IRS released final regulations [TD 9926] (the “Final Regulations”) under Section 1446(f) of the Internal Revenue Code of 1986 (the “Code”), which generally subject a non-U.S. partner of a partnership that is engaged in the conduct of a U.S. trade or business to U.S. federal income tax withholding to the extent of any gain realized on the disposition of its partnership interest.

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Under Section 864(c)(8) of the Code gain on the sale of a non-U.S. partner’s interest in a partnership will generally be treated as effectively connected to a U.S. trade or business (“ECI”) to the same extent as such partner’s distributive share of the gain or loss that would have been recognized had the partnership sold its underlying assets at fair market value discussed previously here.

Publisher: JD Supra
Twitter: @jdsupra
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Supreme Court Hears Oracle, Google Dispute | PYMNTS.com

Here's the latest news from Big Tech firms, which are coming under increasing scrutiny from regulators and politicians from the U.S. to Europe.

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German Finance Minister Olaf Scholz said Friday (Oct. 9) that over 130 nations have consented to a framework to bring forward international business taxation rules for discourse by the G20 finance ministers this week, Reuters reported.

The primary aim of any deal would be to make sure that Big Tech firms like Facebook , Google and Amazon were forced to pay their fair share when it comes to tax, according to Scholz.

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Publisher: PYMNTS.com
Date: 2020-10-12T21:28:44Z
Twitter: @pymnts
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West Virginia Tax Department Proposes to Amend Motor Vehicle Donation Tax Credit Regulations,
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