The tax code is not the only obstacle to business development. Streamlining regulations and bureaucratic demands should also be a priority. These challenges existed prior to the pandemic. The particular — and crushing — blows to business that COVID-19 has delivered to all business sectors also require more aggressive action.
It's difficult to understand why complicated tax breaks and elaborate incentives for big, often out-of-town developers are sold to the public as an essential tool to attract investment, while straightforward steps to ease the burdens on small businesses are perceived as unaffordable budget-busters.
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Medical Device Amendments Do Not Preempt Sales Tax - Lexology
The preemption language for medical devices should be familiar to most of you: a state or subdivision may not impose a requirement on a medical device that is “different from, or in addition to,” any federal requirements relating to safety or effectiveness. But there are limitations to this preemption provision with which you might not be so familiar.
Why Silicon Valley Companies Are Moving to Texas
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One state that has gained ground as a tech hub is Texas. Industry leaders such as Advanced Micro Devices and Dell already have an Austin—aka "Silicon Hills"—presence. As of November, 35 companies had relocated to or opened new facilities in the Austin area in 2020 alone, according to data from the Austin Chamber of Commerce.
Here's a rundown of some of the large tech companies that in 2020 have announced plans to leave the Bay Area for Texas.
John Hancock Tax-Advantaged Dividend Income Fund Notice to Shareholders - Sources of Distribution
BOSTON , Dec. 18, 2020 /PRNewswire/ - John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD ) (the "Fund"), a closed-end fund managed by John Hancock Investment Management LLC and subadvised by both Manulife Investment Management (US) LLC, and Wells Capital Management Incorporated, announced today sources of its monthly distribution of $0.1380 per share paid to all shareholders of record as of December 11, 2020 , pursuant to the Fund's managed distribution plan.
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This notice provides shareholders of the John Hancock Tax-Advantaged Dividend Income Fund (NYSE: HTD ) with important information concerning the distribution declared on December 1, 2020 , and payable on December 18, 2020 . No action is required on your part.
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Final Regulations on Business Donations to Scholarship-Granting Organizations Make for Good
In August, the U.S. Treasury Department and the Internal Revenue Service issued final regulations on the deductibility of payments of cash or in-kind donations to certain tax-exempt organizations if the donor receives in return some form of consideration, e.g. , state or local tax credits. The regulations are now effective but can be applied retroactively as well, if the taxpayer so elects, to “qualifying payments” made on or after January 1, 2018.
First, the final regs adopted the safe harbor in the proposed regs regarding donations by either taxable “C” corporations or “specified PTEs” to qualified organizations if in return the donor receives or expects to receive a credit against a state or local tax imposed on the entity itself, e.g., a property tax or sales or excise tax.
Top International Tax Regulations Of 2020 - Law360
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Philadelphia Zoning, Land Use, and Construction COVID-19 Update | Ballard Spahr LLP - JDSupra
The Ballard Spahr Zoning and Land Use Team is continuing to monitor all aspects of the Philadelphia land use approval process during the COVID-19 emergency, including the issuance of zoning and building permits, regulation of construction work, and zoning and land use related legislation in City Council. Below, we provide information on land use related legislation passed by City Council last week.
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Bill No. 200653 reduces the benefits of the commercial/industrial tax abatement (the Ordinance 1130 abatement). This bill reduces the tax abatement to 90% of the value of the improvements for 10 years. This reduction would apply to all applications filed after December 31, 2021.
Happening on Twitter
"It's basically about trying to get Britain as a low tax, low regulatory, very un-transparent economy." https://t.co/OMKWMc7wLp TheNewEuropean (from United Kingdom) Mon Dec 14 18:05:06 +0000 2020
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