When steel manufacture in Pakistan is buoyed by Chinese infrastructure investments, how to account for the emissions released? Credit: Asim Hafeez/Bloomberg via Getty
Joe Biden's presidency of the United States is an opportunity to realize a long-discussed approach to global warming: a climate club. The United States, the European Union and China together emit half of the world's greenhouse gases. They must come together to cut domestic emissions and levy a carbon tax on imports. That would incentivize all nations to cut their emissions.
Quite a lot has been going on:
Indonesia Cabinet Issues Regulations Implementing Various Tax Measures Under Job Creation Law
The Indonesian Cabinet of the Republic Feb. 21 issued Regulation No. 9/2021, implementing various tax measures under the job creation law, and 48 additional regulations impacting different aspects of the economy.
Spring Wish List for the Internal Revenue Service
Tax season is always a challenge for the tax professionals responsible for filing individual returns and related forms. CPA Mark Gallegos highlights the items on a wish list of what he'd like to see the IRS do to make the season a little less painful.
Tax filing season each year is always full of ups and downs dealing with the compliance of issuing financial statements and preparing tax returns. Most tax seasons have their own personality and differ in one way or another. Common changes that accountants deal with are tax law changes, accounting regulations, software changes, managing employee's workload, and exceeding client expectations.
Changes in Washington – What it Means for Taxes and Spending
Q. Clients are asking questions about potential tax hikes. On the campaign trail, President Joe Biden was vocal as to his intentions to raise taxes. Do you think the infrastructure bill that is expected later this year will bring tax increases with it?
President Biden campaigned on the platform to end the COVID-19 pandemic and stimulate the economy. With passage of the $1.9 trillion American Rescue Plan in the first quarter, Biden believes the resources are in place to achieve both of those goals. Attention will now turn towards a larger, more structural type reform focused on infrastructure and climate change spending but will also likely be coupled with tax increases.
While you're here, how about this:
Tax law authors keep changing the game » Albuquerque Journal
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Not enough manpower or money in Revenue Jersey to change tax laws, claims report | Channel | ITV
Jersey's tax department has not got the manpower, systems or money to cope with moving taxpayers to paying based on their current year's earnings rather than the previous year, according to a scrutiny review. The Corporate Service Scrutiny Panel is also concerned the changes would unfairly affect couples who divorced or dissolved their civil partnership during 2019, as the husband, or 'Spouse A' would still be liable for the whole year's bill.
The report claims it remains unclear as to how this will be split when independent taxation is brought into force or if a couple divorce before it is implemented.
On Crossover Day, Senate Approves COVID Response, Parole Reform, Local Tax Bills – Maryland
The Senate gave final passage to more than 30 bills on Monday, including measures to guide the state's COVID-19 response, remove Maryland's governor from the parole process, and allow counties to implement progressive income tax brackets.
The chamber unanimously approved a $152.5 million emergency measure that would require the Maryland Department of Health and local health departments to devise a two-year coronavirus response and vaccination plan by April 1, and bolster the response to future public health emergencies by establishing a public health job corps and health infrastructure modernization workgroup, among other efforts.
RBB Bancorp Announces Offering of Subordinated Debt | Business Wire
Janney Montgomery Scott LLC is acting as lead book-running manager and Hovde Group, LLC and Stephens Inc. are acting as co-managers for the offering.
The Company estimates that the net proceeds of the offering will be approximately $118.5 million, after deducting underwriting discounts and commissions, but before deducting estimated transaction expenses payable by the Company.
The offering is being made by means of a prospectus supplement and accompanying base prospectus. The Company has filed with the U.S. Securities and Exchange Commission ("SEC") a registration statement (File No. 333- 252299) and a preliminary prospectus supplement to the base prospectus contained in the registration statement for the Notes to which this communication relates. The Company will file a final prospectus supplement relating to the Notes.
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