Sunday, April 25, 2021

OTHER VIEWS: It’s time for Minnesota lawmakers to fix the state’s PPP mess | Bemidji Pioneer

That's the reminder the Minnesota Chamber of Commerce is sending state lawmakers as the Legislature moves into the final weeks of the 2021 session.

First up, according to the blueprint, is to stabilize at-risk businesses, since "their viability directly translates to economic activity, employment, community sustainability and generating revenues that benefit state and local government. ..."

The goal of the outline, according to Minnesota Chamber of Commerce President Doug Loon, is to "shine a bright light on the objective of restoring Minnesota's economy and allowing us as a state to reach as full of our economic potential as possible."

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Publisher: Bemidji Pioneer
Twitter: @Bemidji Pioneer
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States Decouple Opportunity Zones and Capital Gains | GlobeSt

The investor will reposition Harrah's Reno Hotel and Casino into Reno City Center, a mixed-use property with 528 apartment units and 250,000 square feet of office and retail space.

Prologis will implement strategies for sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality.

From pro forma metrics to questions about its business model, WeWork's plans are raising doubts in some quarters.

Publisher: GlobeSt
Date: 2021-04-23
Author: Les Shaver
Twitter: @GlobeStcom
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2021 Federal Budget: Selected Pensions, Benefits and Executive Compensation Measures | Blake,

On April 19, 2021, the federal government tabled its 2021 budget (2021 Budget), which included a number of provisions related to pensions, benefits and executive compensation, as summarized below.

Here is an overview of the key provisions in Budget 2021, which are discussed in further detail below:

The 2021 Budget indicates that this measure would apply in respect of additional contributions made, and amounts of over-contributions refunded, in the 2021 and subsequent taxation years.

Publisher: JD Supra
Twitter: @jdsupra
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With Buybacks Perking Up, The PKW ETF May Be Doing the Same

Following a coronavirus-induced slump in the first half of 2020, share buybacks are soaring again – a trend that could be beneficial for the Invesco Buyback Achievers ETF (NASSDAQ: PKW) .

PKW follows the NASDAQ US BuyBack Achievers Index, which is "is comprised of US securities issued by corporations that have effected a net reduction in shares outstanding of 5% or more in the trailing 12 months. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October," according to Invesco .

Publisher: ETF Trends
Date: 2021-04-23T14:30:06 00:00
Twitter: @ETFtrends
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Mayor’s Small Business Recovery Act survives tight vote from Planning Commission –

Mayor London Breed has made support of San Francisco’s small business community central to her plans for The City’s recovery from the COVID-19 pandemic.

As part of that, she introduced the Small Business Recovery Act in March, calling it a critical step in easing the path for new businesses to open and existing businesses to adapt as a means of survival.

Despite strong support from the business community and mayor’s office, however, the legislation barely moved forward with a positive recommendation from the Planning Commission Thursday night, with a vote of 4-3.

Publisher: The San Francisco Examiner
Date: 2021-04-23T14:00:00-07:00
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Papaya Announces Tools for Best-in-Class Employee Experience

TEL AVIV, Israel , April 21, 2021 /PRNewswire/ -- Papaya Global, the industry leader in payroll technology and expertise, trusted by the world's fastest growing companies, is proud to announce a series of tools for companies to provide a first-rate employment experience to their remote employees across the globe.

The roll out is part of Papaya's ongoing commitment to innovation and the constant development of new capabilities for all types of employees in more than 140 countries – including senior-level employees, all tailored to each client's specific needs.

Date: 9D28F7743C790DD88F2D9C7375EF7ED5
Author: Papaya Global
Twitter: @PRNewswire
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2021 Federal Budget – Selected Tax Measures | Blake, Cassels & Graydon LLP - JDSupra

More than two years after the last federal budget, Canada’s Finance Minister presented the 2021 budget (Budget 2021) on April 19, 2021 (Budget Day). Some commentators speculated that Budget 2021 might include increases in the capital gains inclusion rate, restrictions on the principal residence exemption or a new wealth tax. While there were some important business tax changes, none of those measures was included in Budget 2021.

Consistent with the governing Liberals’ 2019 election platform, a new measure is proposed to restrict the deductibility of interest under an Organisation for Economic Co-Operation and Development (OECD) inspired “earnings-stripping” rule starting in 2023. Another new international tax measure targets so-called “hybrid mismatch arrangements” starting July 1, 2022.

Publisher: JD Supra
Twitter: @jdsupra
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Biden 'Tax Plans' Speculations Spook Crypto Speculators

Bitcoin (BTC) and altcoin markets are in red today , with with BTC dropping below the key USD 50,000 mark – in the wake of fresh tax-related speculations from the United States.

The American President Joe Biden is reportedly set to unveil plans to enact sweeping new tax regulations, including changes to capital gains tax – which might affect thousands of crypto traders in the country also.

The plans will reportedly see the state almost double the rate of taxes on capital gains to 39.6% for those earning over USD 1m.

Date: F739E148C7096190277D8BDBEC2FBB57
Author: Tim Alper
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