Wednesday, January 12, 2022

Treasury and IRS Release Final Tax Regulations for LIBOR Replacement Amendments | Mintz - Public

The planned phaseout of LIBOR was announced back in 2017.

The Alternative Reference Rates Committee (ARRC) was convened by the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York to identify alternative reference rates that would be more reliable than USD LIBOR and to develop a plan to facilitate the voluntary

Publisher: JD Supra
Twitter: @jdsupra
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Comparing Cross-Border Tax Systems in Europe, 2021 | Tax Foundation

Today's map looks at how European OECD countries rank on cross-border tax rules and is the last in our series examining each of the five components of our International Tax Competitiveness Index ( ITCI ) .

The ITCI 's cross-border tax rules component compares various aspects of OECD countries' cross-border tax systems, namely territoriality, withholding taxes, tax treaties, and cross-border tax regulations such as controlled foreign corporations (CFC) rules and thin-capitalization rules.

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Publisher: Tax Foundation
Date: 2022-01-11T06:50:44-05:00
Twitter: @taxfoundation
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Best online master's in taxation degrees 2022: Top picks | ZDNet

Are you looking to become a certified accountant specializing in tax law? Consider pursuing a master's in taxation. This rigorous finance degree will make you an expert in U.S. tax law and regulation.

Earning a taxation master's will qualify you to provide your community with an essential service requiring strong critical thinking and memorization skills. Read on for our rankings of the country's top online taxation master's degrees, along with our guide on what to expect from this degree.

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Publisher: ZDNet
Author: Matthew Sweeney
Twitter: @ZDNet
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Sacoa's customers in Saudi comply with kingdom's new tax regulations - InterPark

Sacoa, a global supplier of management systems and cashless payment solutions for the amusement, entertainment and leisure industries, has announced that its customers in Saudi Arabia are compliant with new invoicing regulations.

The Zakat, Tax and Customs Authority (ZATCA) announced that e-invoicing will become mandatory in the kingdom, starting on December 4, 2021.

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Publisher: InterPark
Date: 2022-01-12T06:59:17 00:00
Twitter: @InterPark_Mag
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Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) Declares Monthly Distribution

TPZ estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the distribution may be return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TPZ is paid back to you.

TPZ will report the sources for its distributions at the time of the payment in the applicable Section 19(a) Notice. The amounts and sources of distributions TPZ reports are only estimates and are not being provided for tax reporting purposes.

Twitter: @Yahoo
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Metaverses With Top in-House Rules Will Be Most Successful: Crypto Boss

The metaverse is generating huge excitement, from Wall Street to big brands who see it as the future of the internet and the next big thing.

Yet people at large don't quite know what to make of the shiny new concept, and aren't sure what they can expect in its virtual worlds.

Publisher: Markets Insider
Date: 2022-01-09T09:00:00Z
Author: Shalini Nagarajan
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2022 State Tax Changes Effective January 1, 2022 | Tax Foundation

As the nation enters 2022, 21 states and the District of Columbia have significant tax changes taking effect. Some states have chosen to respond to budget surpluses associated with the pandemic recovery by enacting individual and corporate income tax (CIT) cuts.

In addition to the tax changes mentioned here, many states will see automatic adjustments to a range of tax rates, from inflation-indexing of gas taxes or income tax rates and brackets to formula-driven adjustments to unemployment insurance tax rates.

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Publisher: Tax Foundation
Date: 2022-01-11T04:55:06-05:00
Twitter: @taxfoundation
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Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions | Nation/World |

Today, BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) , BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA), BlackRock Floating Rate Income Trust (NYSE: BGT), BlackRock Corporate High Yield Fund, Inc.

Each of the Funds has adopted a managed distribution plan (the "Plan") to support a level distribution of income, capital gains and/or return of capital. The fixed amounts distributed per share are subject to change at the discretion of each Fund's Board of Directors/Trustees.

Publisher: Bluefield Daily Telegraph
Author: Business Wire
Twitter: @bdtonline
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Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.0975 Per Share |

Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE: ARDC) announced the declaration of its distribution for the month of January 2022 of $0.0975 per common share, payable as noted below.

Based on the Fund's current share price of $16.25 (as of its close on January 10, 2022), the distribution represents an annualized distribution rate of approximately 7.20% (calculated by annualizing the distribution amount and dividing it by the current price).

Publisher: Bluefield Daily Telegraph
Author: Business Wire
Twitter: @bdtonline
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