The report, released April 2, states Fiserv recorded $1.1 billion in pre-tax income in 2020, received a $25 million federal tax rebate and had an effective tax rate of -2.3%.
The report is not alleging any wrongdoing. However, it cites tax breaks in the Tax Cuts and Jobs Act , passed in 2017, and the CARES Act , enacted in 2020, as reasons companies are able to take advantage of such financial opportunities.
"For decades, the biggest and most profitable U.S. corporations have found ways to shelter their profits from federal income taxation," the report said.
DNP SELECT INCOME FUND INC. Section 19(a) Notice
The following table sets forth the estimated amounts of the current distribution, payable April 12, 2021 , together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources. The fiscal year is November 1, 2020 to October 31 , 2021. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations.
Vertical Capital Income Fund (VCIF) Declares April Distribution
DALLAS , April 9, 2021 /PRNewswire/ -- Vertical Capital Income Fund (NYSE: VCIF ) today announced a distribution of $0.0788 per share pursuant to the Fund's managed distribution plan (the "Plan"), payable as follows:
Pursuant to the Plan, the Fund pays a minimum monthly distribution to shareholders at a stated annual rate as a percentage of the 3-month average net asset value ("NAV") of the Fund's shares prior to the month of distribution. The distribution is calculated as 8% of the previous three-month average NAV, divided by 12.
CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distribution for April
The Board of Trustees of the CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) (the "Fund") has declared a monthly distribution of $0.05 per share for the month of April 2021. The following dates apply:
IGR's current annualized distribution rate is 7.6% based on the closing market price of $7.92 on April 7, 2021, and 6.9% based on a closing NAV of $8.74 as of the same date.
Companies Face Compliance Challenges While Electronic Tax Reporting Goes Global
All governments transform to digitalization of tax compliance around the world one by one. Businesses prefer tax compliance automation systems in order to comply with the principles. Tax regulations vary from country to country and change very quickly around the world. Governments have their own deadlines and frequencies. It makes it difficult for businesses to keep up with new announcements and details and make sure they are submitting to the right place at the right times.
Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.0975 Per Share |
Ex-Date: April 16, 2021
Record Date: April 19, 2021
Payable Date: April 30, 2021
Per Share Amount: $0.0975
Based on the Fund's current share price of $15.22 (as of its close on April 8, 2021), the distribution represents an annualized distribution rate of approximately 7.69% (calculated by annualizing the distribution amount and dividing it by the current price). Information regarding the distribution rate is included for informational purposes only and is not necessarily indicative of future results, the achievement of which cannot be assured.
Preserving Family Farms Act to help ease the burden of estate taxes | AGDAILY
Defining estate tax regulations for farmers has been a hot topic this year. In an effort to preserve family farms for generations to come, Rep. Jimmy Panetta (D-CA) and Rep. Jackie Walorski (R-IN) introduced the bipartisan Preserving Family Farms Act .
The legislation would help family-owned farms continue operations after a loved one has passed by easing the burden of the estate tax. The bill would modernize the special use valuation provision of the estate tax by increasing the amount of farmland that can be valued for farming operations rather than development value. This would protect family-owned farmland by assessing estate taxes on the actual value of their businesses that they, in many cases, have spent decades cultivating.
FTA, SEDD hold tax workshop for industrial investors - GulfToday
The Sharjah Chamber of Commerce & Industry (SCCI) on Sunday received a delegation from the Sharjah Consultative Council (SCC), headed by Ali Mehd Al Suwaidi, Chairman of SCC.
The first half of 2019 saw the number of authorised Tax Agents increase by more than 110 per cent to exceed 370 Agents, up from 176 by the end of 2018, asserted the Federal Tax Authority (FTA) as it hosted the second Meeting of Tax Agents.
A new shipment of cigarette packets marked with the Digital Tax Stamps approved by the Federal Tax Authority (FTA) has made it to Dubai. The Stamps will be electronically tracked to ensure Excise Tax due on tobacco products has been settled. In a press statement issued on Saturday,
This SPAC Allows You to Invest in the Booming Israeli Cannabis Market | The Motley
Today, Canada's cannabis companies are the only ones that trade on U.S. exchanges, but their businesses have struggled amid rampant oversupply. While U.S. cannabis companies are performing much better financially than their Canadian counterparts, their business is still illegal at the federal level, leading to all sorts of tax and cost burdens.
Perhaps a better place for cannabis investment is another country altogether. What's more, this country has the highest global cannabis usage rate as a percentage of the population: Israel.
Computis Utilize Zabo Integration To Simplify Crypto Tax Capabilities For CPAs - EIN Presswire
Computis Builds Tax Engine Leveraging Zabo Data For CPAs to Calculate Taxable Income/Loss of Crypto Transactions From One Platform In a Fraction of the Time
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