Friday, May 21, 2021

Letter: Businesses face tax hit if lawmakers don’t act now | Letters to the Editor |

Letter: Businesses face tax hit if lawmakers don't act now | Letters to the Editor |
Publisher: hometownsource.com
Twitter: @hometownsource
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Virtus Total Return Fund Inc. Declares Distribution | State | primepublishers.com

HARTFORD, Conn., May 20, 2021 /PRNewswire/ -- Virtus Total Return Fund Inc. (NYSE: ZTR) today announced the following monthly distributions:

Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part or in full from net investment income and realized capital gains, or a combination thereof.

The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'.

Publisher: Prime Publishers, Inc.
Author: Virtus Total Return Fund Inc
Twitter: @ctvoicesnews
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Grupo LALA announces dividend payment

MEXICO CITY , May 19, 2021 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V., a Mexican company focused on the healthy food industry ("LALA") (BMV: LALAB), today announced that the payment of an annual cash dividend in the amount of $ 0.6152 pesos per outstanding LALA share, representing the total LALA capital stock in circulation, was approved at the Company's Ordinary General Shareholders' Meeting (the "Meeting") held on April 16, 2021 . The dividend is payable in four installments of MXN

Date: 9D28F7743C790DD88F2D9C7375EF7ED5
Author: Grupo LALA S A B de C V
Twitter: @PRNewswire
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Renu Narvekar: A career in tax – 'unlocking new opportunities' | International Tax Review

Renu Narvekar was recognised as the winner of the inaugural In-house Transfer Pricing Director of the Year prize at the 10th ITR Asia Tax Awards – a title which recognised her remarkable achievements as the global head of taxation at Tata Consultancy Services, as well as the admiration that she commands from her peers in the tax world.

"While tax may mean different things to different people, for me it has been a wonderland and a path to self-discovery," Renu tells ITR , in a special interview for the first India Special Focus guide .

Publisher: International Tax Review
Twitter: @intltaxreview
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Thinking The Workplace Again - Tax - Turkey

Business models and ways of doing business have been reshaped with technological developments. With the new world order experienced due to both this technological revolution and Covid-19, there have been radical changes in the business world. These changes lead us to the need to reconsider the concept of the workplace today and bring along both economic and legal discussions.

The concept of "workplace" is significant in terms of taxation in both domestic and international law regulations. In Turkish Tax Law, Income Tax Law ("ITL") and Corporate Tax Law ("CTL") regulate the concepts of full tax liability and limited tax liability. According to these legislations, non-resident taxpayers are subject to limited tax liability.

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B.C. PST Rebate For Incorporated Entities - Tax - Canada

The following information was originally published by the B.C. government. Full details and any updates on the rebate program can be found here .

The B.C. Government announced the temporary provincial sales tax (PST) program "B.C. PST Rebate on Select Machinery and Equipment" to help corporations recover from the financial impacts of COVID-19.

The rebate acts like a refund but is separate from the existing PST Refund process. Under this temporary program, corporations can apply to receive an amount equal to the PST they paid between September 17, 2020 and September 30, 2021 on qualifying machinery and equipment.

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Hatch-Waxman Litigation Costs Both Capital Expenditures And Ordinary Business Expenses | Tarter

Mylan Inc. & Subsidiaries v. Commissioner of Internal Revenue (U.S. Tax Court April 27, 2021)

Under the Internal Revenue Code (“Code”) Section 162, ordinary and necessary business expenses are deductible, but Code Section 263 disallows a deduction for capital expenditures (“no deduction shall be allowed” for a capital expenditure). Capital expenditures must be capitalized and are generally recovered as depreciation or amortization deductions over a period of years.

Publisher: JD Supra
Twitter: @jdsupra
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Cohen & Steers Limited Duration Preferred and Income Fund, Inc.

NEW YORK , May 19, 2021 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE: LDP) (the "Fund") with information regarding the sources of the distribution to be paid on May 28, 2021 and cumulative distributions paid fiscal year-to-date.

The Fund's monthly distributions may include long-term capital gains, short-term capital gains, net investment income and/or return of capital for federal income tax purposes. Return of capital includes distributions paid by the Fund in excess of its net investment income and net realized capital gains and such excess is distributed from the Fund's assets. A return of capital is not taxable; rather, it reduces a shareholder's tax basis in his or her shares of the Fund.

Twitter: @Yahoo
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