On January 19, 2021, the Treasury Department and Internal Revenue Service issued final regulations under Code Section 4960 (“Final Regulations”), which impose a 21% excise tax on applicable tax-exempt organizations (“ATEO”) that pay remuneration to covered employees in excess of $1 million or provide excess parachute payments.
The Final Regulations do not depart significantly from the proposed regulations issued in June, 2020, or the interim guidance published in Notice 2019-9 (see our article here ).
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UAE makes it to top 10 list of corporate tax havens; UK's network continues to lead - Times
Employee Benefits Developments - February 2021 | Hodgson Russ LLP - JDSupra
IRS Issues Final Regulations on the Excise Tax Imposed on Executive Compensation Arrangements of Tax-Exempt Organizations
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On January 19, 2021, the Treasury Department and Internal Revenue Service issued final regulations under Code Section 4960 (“Final Regulations”), which impose a 21% excise tax on applicable tax-exempt organizations (“ATEO”) that pay remuneration to covered employees in excess of $1 million or provide excess parachute payments.
New report adds up cost of new fees, taxes to Colorado businesses | News | coloradopolitics.com
Joey Bunch is a 35-year veteran, including 20 years in Colorado. He is the deputy managing editor, senior writer and columnist for Colorado Politics.
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Financial transaction tax wrong for working-class Americans
Before I was elected as the state representative from Pennsylvania's 1st District, I was a driver for UPS and a proud union member. Even though I am no longer a Teamster, I am still proud of the work we did to advocate for Pennsylvania's working class. And in public office, my commitment remains the same.
Members of the Teamsters are guaranteed a pension fund through their bargaining agreement, ensuring their financial futures after decades of hard work. It is one of the many benefits of our profession and being a member of a union. Especially throughout the COVID-19 pandemic, it is more critical than ever that we are protecting these pension funds and the other retirement savings of Pennsylvania's working class.
Business group: Oklahoma's lower taxes, lighter regulations a draw to move from high-tax states |
(The Center Square) - As businesses and families look for ways to recover from the COVID-19 economic downturn, a favorable tax structure and fewer government regulations are bringing more of them to Oklahoma.
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(c) iStock - LIgorko
"In Oklahoma, we've made it much easier to start and operate a small business," Shouse said. "We passed important COVID-19 liability reforms to protect small businesses. And Oklahoma has a $1.6 billion budget surplus going into the next fiscal year, which shows that state government has done everything possible to keep our economy running despite the threat of a worldwide pandemic."
The Petroleum Industry May Want a Carbon Tax, but Biden and Congressional Republicans are Not
The American Petroleum Institute confirmed that its member companies are trying to arrive at a consensus about carbon pricing—a position that almost certainly will involve trade-offs, including less government regulation, in exchange for the industry’s support of taxes or fees.
Unsurprisingly, many view the API move as a cynical effort to stave off a looming green onslaught. “The American Petroleum Institute is considering backing a carbon tax — but only to prevent ambitious regulation of greenhouse emissions,” tweeted the Center for Biological Diversity.
DNP Select Income Fund Announces Dividends And Sources Of Distribution
CHICAGO , March 8, 2021 /PRNewswire/ -- The Board of Directors of DNP Select Income Fund Inc. (NYSE: DNP ), a closed-end fund advised by Duff & Phelps Investment Management Co., today authorized the payment of dividends on its common stock as follows:
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The Fund adopted a Managed Distribution Plan (the "Plan") in 2007 to maintain its current 6.5 cent per share distribution rate. Under the Plan, the Fund will distribute all available investment income to its shareholders, consistent with the Fund's primary objective.
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