Back in the 1940s the U.S. government implemented a cash prize for chicken breeders who could produce bigger birds in less tim e. Here in 2021, the domino effect has had its way with the world as Ford is potentially facing a 1.3 billion dollar fine for importing Transit Connect vans to from Turkey . Those two sentences are related, I promise.
Ford imported Transit Connects as passenger wagons, and had a separate finishing facility here stateside which allowed the company to remove the rear seats and strip them down for conversion into cargo vans. This was done because cargo vans are hit with a 25 percent tariff, while passenger vehicles are only levied a 2.5 percent tariff. All cargo vans and pickups are hit with this massive tax, which dates back to 1963.
U.S. Supreme Court Decision May Pave Way for Future IRS Lawsuits | Holland & Knight LLP - JDSupra
The U.S. Supreme Court recently rendered a unanimous opinion holding that the Anti-Injunction Act (AIA) did not block a lawsuit brought by CIC Services against the Internal Revenue Service (IRS), delivering an important victory to CIC and similarly situated taxpayers everywhere. While an important question must still be decided by the lower court – whether the IRS violated the Administrative Procedure Act (APA) – the Supreme Court's May 2021 decision has significant implications.
Employee Stock Ownership Plans For Multinationals In Vietnam - Lexology
Essay/Joe Nacca: 'That makes me ...'
"That makes me smart." When a man with the immense modesty of Donald Trump offers such a self-congratulatory comment, lesser mortals would do well to listen.
As you may recall, Mr. Trump made the above retort to an accusation that he had not paid federal income tax for a period of years. Those of us who dutifully pay federal taxes year in and year out were left to respond with anger or grudging admiration. Anger that a man aspiring to be president would actually brag about dodging his taxes. Or grudging admiration that a politician would be so honest.
10 Questions to Improve Growth & Profitability
In the wake of COVID-19, everyone, including accountants, is focused on growing business . While business clients may be looking to reduce expenses post-pandemic , your priority as an accounting professional is growing your firm and increasing its profitability. Lee Frederiksen of Hinge Marketing recommends starting that journey by asking yourself these ten questions.
Do you know the magic word that unlocks the secret to greater growth and profitability for your accounting firm? It's "research." Our recent comprehensive professional services study on service buyers and sellers and confirmed that the single most important business tool shared by all high growth accounting firms is research.
Virtus Global Multi-Sector Income Fund Discloses Sources of Distribution - Section 19(a) Notice |
HARTFORD, Conn., June 3, 2021 /PRNewswire/ -- Virtus Global Multi-Sector Income Fund (NYSE: VGI) previously announced the following monthly distribution on May 20, 2021:
This distribution represents a per annum distribution rate of approximately 7.64% based on the market price of the Fund's shares of $12.56 as of the close of the New York Stock Exchange on May 19, 2021 and approximately 7.91% based on the Fund's net asset value (NAV) of $12.13 as of the same date.
Biden Administration Releases Treasury Green Book, Providing Detailed Explanation of Tax
The Biden administration (the “Administration”) last week released the “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals,” commonly called the Treasury Department’s “Green Book.” The Green Book provides more details regarding the Administration’s tax proposals. This Client Advisory describes some of these proposals.
The Administration has proposed increasing the top marginal individual income tax rate from 37% to 39.6%. In 2022, this top marginal tax rate would apply to taxable income over $509,300 for married individuals filing a joint return, and $452,700 for unmarried individuals (other than surviving spouses). These thresholds would be indexed for inflation.
Fiduciary Trust International Celebrates 90 Years of Delivering Peace of Mind by Simplifying
Fiduciary Trust International remains focused on leveraging innovative technology to strengthen relationships, and the overall wealth management experience for clients. The firm will continue rolling out wealth planning tools designed to give clients a clear view of their current financial health, and the pathway leading to long-term success.
Fiduciary Trust International officially opened its doors on June 3, 1931 on the 30 th floor of One Wall Street in New York City. Although the Great Depression weighed heavily on the American economy, the firm had attracted clients in 30 states and 12 countries by the end of 1935, solidifying its position as a new leader in wealth management. Fiduciary Trust International has accumulated many noteworthy achievements in the decades since, including:
Radiation-tolerant solid-state data recorder dramatically
"As data from satellites advances in complexity and the sizes of satellite designs become smaller and smaller, we need trusted, compact solutions to store and transmit large amounts of data quickly and efficiently," said Tom Smelker, vice president and general manager, Mercury Data.
Mercury is a leader in designing and manufacturing space-qualified components and assemblies for defense primes, government agencies, the scientific community and commercial customers. The company has delivered more than 20,000 space-qualified devices with no in-flight failures.
Virtus AllianzGI Convertible & Income Fund II Declares Quarterly Distribution: 5.500% Series
The Series A Cumulative Preferred Shares, which trade on the New York Stock Exchange under the symbol NCZ PR A, are rated "A" by Fitch Ratings and have an annual dividend rate of $1.375 per share. The 4,360,000 Series A Cumulative Preferred Shares were issued September 11, 2018 at $25.00 per share and will pay distributions quarterly. This distribution represents the accrual period from April 1, 2021 through June 30, 2021 .
The amounts of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions will depend on the fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The fund or your broker will send shareholders a Form 1099-DIV for the calendar year that will tell shareholders what distributions to report for federal income tax purposes.
No comments:
Post a Comment