France adopts softer approach to digital asset regulations - CoinGeek

France is adopting a softened approach to digital asset regulations that will give virtual asset service providers (VASPs) more time to comply with European regulations.

The French National Assembly voted for an amendment allowing VASPs to continue operating without obtaining full licensing. The amendment, proposed by centrist lawmaker Daniel Labaronne, will give VASPs 18 more months to operate as they apply for full licenses.

Publisher: CoinGeek

Date: 2023-01-29T08:00:19 00:00

Author: Steve Kaaru

Twitter: @realcoingeek

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Overview of crypto asset class regulations in the EU and the US | Dechert LLP - JDSupra

This OnPoint summarizes the panel discussion at Dechert’s annual investment funds conference that took place in Luxembourg in the last quarter of 2022.

On 5 October 2022, the European Council (the Council ) and the European Parliament ( Parliament ) confirmed their agreement on MiCA 5   which is widely considered as the first overall regulatory package for crypto assets in the world.

Publisher: JD Supra

Twitter: @jdsupra

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SEC New Rules And Regulations

Washington Dc: US Securities and Exchange Commission building exterior. The U.S. Securities and ... [+] Exchange Commission (SEC) is an independent agency of the United States federal government.

Welcome to new board oversight duties…It is one of the great things about board work…it is ever changing and evolving.

Publisher: Forbes

Date: 2023-01-26

Author: Betsy Atkins

Twitter: @forbes

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Local water systems prepare to deal with stricter regulations for 'forever chemicals' | TribLIVE.com

New regulations that place stricter limits on the presence of “forever chemicals” in Pennsylvania’s public drinking water are not expected to heavily impact the local water supply, officials said.

While the revised standards dramatically reduce the levels of two forms of the toxic chemicals that collectively are known as PFAS, local water companies said routine testing has found the amount of the substances in the water is below what the state will allow starting in 2024.

Publisher: TribLIVE.com

Date: 2023-01-28T11:01:00-05:00

Author: Rich Cholodofsky

Twitter: @triblive

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White House Blames Congress for Failure to Enact Crypto Regulations - Decrypt

The White House pointed the finger at Congress Friday for stalling on a comprehensive, national crypto regulatory framework, outlining numerous actions lawmakers could take to reign-in fraud and bad actors in the crypto sector.

The post goes on to highlight a number of moves Congress could make immediately to purportedly enhance consumer protection standards in the crypto space.

Publisher: Decrypt

Date: 2023-01-27T22:09:17

Author: Decrypt Sander Lutz

Twitter: @decryptmedia

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Law: Rules and Regulations Regarding the Sports Betting Industry in Colorado | SkyHiNews.com

The legal age requirement for sports betting in Colorado is 21 years old. All individuals wishing to place bets on sports must be at least 21 years of age and have a valid form of identification.

Of course, the answer is – yes; there are restrictions on what types of bets can be placed in Colorado. All sports betting must take place at a licensed retail or online sportsbook.

Twitter: @SkyHiNews

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Governor adjusts delivery regulations ahead of anticipated fuel crisis - CBS Colorado

Colorado Governor Jared Polis declared a disaster emergency Friday, giving formal approval to plans to increase deliveries of fuel to the state in the aftermath of Denver-area refinery's sudden shut down. 

"The shutdown will result in significant fuel supply challenges throughout Colorado," the governor's directive stated. 

Twitter: @CBSNewsColorado

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Cannizzaro says Lombardo's order to freeze, cut regulations could backfire – The Nevada Independent

In an interview Tuesday after Lombardo's State of the State address, Cannizzaro said regulations in Nevada exist to flesh out the details of laws passed by the Legislature. She said those laws are subject to extensive legal scrutiny and public comment periods. 

"Saying you want to get rid of regulations or stop regulations from laws that have been passed and signed into law sounds like a great way to advertise that somehow you're reducing government and it's going to be more efficient," Cannizaro said.

Publisher: The Nevada Independent

Date: 2023-01-28T07:02:17 00:00

Twitter: @thenvindy

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FDA says new regulations are needed to manage CBD risks | The Hill

She said the existing regulations for food and dietary supplements only provide “limited tools” for managing the risks of CBD use.

Woodcock said the FDA does not plan to pursue regulations that permit CBD use in dietary supplements or conventional foods as a result. 

Publisher: The Hill

Date: 2023-01-26T16:49:13 00:00

Author: Jared Gans

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Happening on Twitter

France adopts softer approach to digital asset regulations https://t.co/VHGyUMzQyq RealCoinGeek (from On Chain) Sun Jan 29 08:11:52 +0000 2023

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Economics Isn’t | Caleb S. Fuller and Scott Burns

Legend has it that an art collector once asked Michaelangelo to describe the challenges he faced in sculpting one of his most iconic works.

"It was actually quite easy," Michaelangelo drolly replied, "I just chipped away the parts of the stone that didn't look like David."

Publisher: Catalyst

Date: 2023-01-27T23:10:40 00:00

Author: Caleb S Fuller and Scott Burns

Twitter: @CatalystVoices

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Whitmer stresses economics, freedoms in address | News, Sports, Jobs - The Mining Journal

LANSING — In her fifth State of the State address, Gov. Gretchen Whitmer addressed economic opportunity, workforce development and essential freedoms. Whitmer said her proposals will help working families, young Michiganders about to graduate and Michiganders born today.

Publisher: miningjournal.net

Twitter: @MiningJournal

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The Human Experience = Human Economics: CX and EX in the Real World | CustomerThink

Homo Economicus – the characterization of people as rationally guided wealth-maximizing missiles in their behavior — never really was more than a textbook stick figure characterization.

The premise of this line of thought is simple: people are driven by self-interest to maximize their personal value defined in financial terms. The underlying assumptions are that only such behavior is rational, and that people are rational.

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Russia's Return to Gulag Economics - CEPA

Under the growing pressures of war, the Russian military-industrial complex is experiencing acute shortages in manpower.

Convicts have rarely been so sought after in Russia, at least since Stalin's time.

Those dubious about Wagner's deal will now be steered towards the manufacture of tanks and other weaponry.  

Publisher: CEPA

Date: 2023-01-27T15:58:18 00:00

Author: Irina Borogan Andrei Soldatov

Twitter: @cepa

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Circular economics can make us happier, less stressed - Big Think

“Yes,” I replied. “This is how bounded economics works. You don’t outsource your investments to the stock market. You invest in things that come back to you or your community in multiple ways.”

An economist rose and introduced himself as Doctor-​Professor-​something. “Mr. Rushkoff,” he began. “Your ideas are interesting but, I’m sorry to say, pure fantasy.” Some of the others chuckled. “Can you tell me, what is your background?”

Publisher: Big Think

Date: 2023-01-27T06:49:13 00:00

Twitter: @bigthink

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... economics – Mackinac Center

If you want to feed sparrows , you can do it either by spreading the feed right on the ground, or by feeding the horse and letting the sparrows pick through what is left behind. Everyone knows which is more efficient.

To encourage economic growth, government can set low tax rates for everyone, so that everyone pays their share and more people keep more of what they earn.

Publisher: Mackinac Center

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The surprising economics about your bucket of range balls | Golf News and Tour Information | ...

Rock Hill Golf & Country Club on Long Island spends $15,000 every two to three years to supply its range with fresh golf balls.

A bucket of range balls will cost you $5 at Rock Hill Golf & Country Club in Manorville, N.Y.—one of the premier public courses on the south shore of Long Island, right before you get to the Hamptons.

Publisher: GolfDigest.com

Date: Flash HTML5

Twitter: @GolfDigest

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Italy: Ministry of Economics publishes regulation on ethical and sustainable finance | Hogan ...

On 21 January 2023, the Italian Ministry of Economics published on the Official Gazette a regulation setting out the requirements to obtain the status of ethical and sustainable banking operator. The institution satisfying these requirements will profit from tax benefits. 

Publisher: JD Supra

Twitter: @jdsupra

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Happening on Twitter

Economics isn't very complicated. Central bank excuses are what's complicated. https://t.co/AxZXU58gjq saifedean Thu Jan 19 12:36:57 +0000 2023

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You Can’t Stand Still for Higher Taxes - The Washington Post

How much tax do the rich pay? More than you think. The share of income tax paid by the top 10%, 5% and 1% of the working population have all gone up in the last 10 years (under a conservative government constantly being accused of letting the rich off scot free).

As independent economist Julian Jessop points out, the percentage shares of total income for each percentile group have not really changed over the last decade. The top 1% made 13.9% of income in 2010. Last year it was 13.1%. The top 5% were on 26.4%. Now it is 26%.

Publisher: Washington Post

Date: 2023-01-27T05:26:00.000Z

Twitter: @WashingtonPost

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Poll shows openness to increase taxes to fund priorities | Kiowa County Press - Eads, Colorado, ...

After  passing  Proposition 116 in 2020 to lower the income tax from 4.63 percent to 4.55 percent, more than 65 percent of Colorado voters  passed  Proposition 121 last November to lower the rate to 4.40 percent.

PROMO 64J1 Finance - Money Glass Piggy Bank with Coins - iStock - Pogonici
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Zornio: Why we should tax the rich, instead of eliminating income taxes in Colorado | AspenTimes.com

With tax season under way, it seems only fair to scrutinize how many pennies I will have left in my pocket after paying Uncle Sam. Am I paying too much? Better yet, are you?

For the most part, I don't mind paying taxes so long as they are within reason, and I'm not paying more than my fair share. After all, taxes are a necessary part of social responsibility.

Author: Trish Zornio

Twitter: @TheAspenTimes

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2023 Tax Season: Should You File Your Taxes on a Phone or Tablet? - CNET

You already use your phone to check your bank balance, pay bills and transfer money, so it's not farfetched to also consider filing your taxes with it.

You might not be keen on doing taxes on your smartphone because it may seem difficult and tedious, but there are many reasons why it might be a great idea for you:

Publisher: CNET

Author: Nelson Aguilar

Twitter: @CNET

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How will a divided government affect taxes? – Center for Public Integrity

The "Family and Small Business Taxpayer Protection Act” would, among other things, rescind $45.6 billion in funding to enforce the tax code for businesses or households making over $400,000.

"We have seen a decade of decline in IRS staffing and a decline in funding that left the agency unable to enforce the tax code, particularly for the wealthiest tax evaders whose returns tend to be more complex," Hanauer said.

Publisher: Center for Public Integrity

Date: 2023-01-27T12:30:00 00:00

Author: Melissa Hellmann

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Will I Owe Taxes on My Non-Qualified Annuities?

Non-qualified annuities do not pay these taxes, which can give them significantly more capital with which to grow. If you choose you can also have extra time to allow a non-qualified annuity to grow, as these accounts are exempt from required minimum distribution rules.

However, because you paid taxes on your initial investment, you are only taxed on the profits you make off a non-qualified annuity. This means that each payment you receive has two tax components: A portion of your payment is considered your principal and is untaxed.

Twitter: @YahooFinance

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Tax filing 2023: Do my own taxes or hire pro? Here's what to consider.

During the pandemic, we all became DIYers of everything from home renovations to portfolio managing . We even learned to bake our own bread and cut hair .

Typically, DIY taxpayers are young, just starting adulthood and owners of few assets. An IRS study showed 53% of all taxpayers in 2021 used a paid tax professional, but Gen Z was significantly less likely than any other age group.

Publisher: USA TODAY

Author: Medora Lee

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Harris County property taxes for 2022 due by January 31 – Houston Public Media

Property tax payments can be made online at www.hctax.net , over the phone at 713-274-2273 or in person at any of the 16 office locations operated by Harris County Tax Assessor-Collector Ann Harris Bennett – using either cash, personal checks, money orders or credit and debit cards.

Checks and money orders, made payable to Ann Harris Bennett, Harris County Tax Assessor-Collector, also may be mailed to P.O. Box 4622, Houston, TX 77210-4622. Late penalties and interest will not apply if the mailed payments are postmarked by Jan. 31.

Publisher: Houston Public Media

Date: 2023-01-26T14:03:08-06:00

Author: https www houstonpublicmedia org articles author adam zuvanich

Twitter: @houstonpubmedia

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New Audit Reveals Districts Moved Funds And Raised Taxes - ButlerRadio.com - Butler, PA

According to a recent audit, a dozen school districts in Pennsylvania were using a loophole to store cash in the reserve funds.

Auditor General Tim DeFoor says that although the move is legal, school districts were moving unspent funds into other accounts while raising taxes without voter input.

Publisher: ButlerRadio.com - Butler, PA

Date: 2023-01-27T11:48:47 00:00

Author: Tyler Friel

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Filing taxes in South Carolina: What to know, free preparation options

Details for your 2023 filing are provided on the Internal Revenue Service's (IRS) website, including how to determine your filing status, which forms you will need, and free, reputable tax return preparation options for qualified individuals, both online and via in-person sites.

Publisher: The Greenville News

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Happening on Twitter

Stand still and let God move! Standing still is hard to do when you feel you have reached the end. God will make… https://t.co/RFK7E2PsJC CoachJHawkins (from Richmond, KY) Fri Jan 27 12:41:59 +0000 2023

These people are utterly demented. Still wittering on about 'Russian interference' in our elections, despite a lack… https://t.co/Qd7ViJkp8P darrengrimes_ (from North East, England) Fri Jan 20 10:22:33 +0000 2023

This is why we're still here, vocally opposing JK Rowling's bigotry, instead of ignoring her so we can selfishly co… https://t.co/UFeFfUfUwS HPANA (from #ProtectTransKids) Sat Jan 21 16:03:58 +0000 2023

This is good news but that doesn't mean we can stand by and wait. We need to use our voices and continue to make cl… https://t.co/goYOYtCuQx jwaldag (from Cloverdale - Langley City, BC) Tue Jan 24 00:38:08 +0000 2023

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An accounting firm's secret weapon: better workflow | Accounting Today

Workflows are what make a firm run — smoothly or not. A poor workflow will impede growth and make an otherwise efficient person or group less effective at their jobs.

Simply put, an accounting workflow is how you keep track of projects. It enables everyone within a firm to know what tasks are in progress, who is working on them, and the timelines associated. An efficient workflow allows accountants to:

Publisher: Accounting Today

Date: 2023-01-26T15:32:12.012

Author: https www accountingtoday com author jonathan timothy

Twitter: @AccountingToday

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$4 Billion Accounting Scandal Exposes Supplier Finance Risks (1)

The accounting scandal that led to a $4 billion hole in the balance sheet of major Brazilian retailer Americanas SA centers on a common funding tool with notoriously opaque reporting: supplier finance.

Americanas, which nosedived into bankruptcy protection last week, is an extreme example of how the arcane practice, also called supply-chain finance or reverse factoring, can take advantage of loose accounting rules to flatter a company's balance sheet.

Twitter: @BLaw

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Iredell Health System Announces New Director of Accounting

Eaton has worked in the accounting department at Iredell Health System for more than 11 years and has over 23 years of accounting experience.

Prior to her arrival to Iredell in 2011, Eaton worked in the furniture industry. Her personal interactions with medical professionals made her consider a job in healthcare.

Date: A6F1F610D65EE1B259C1C6A86840ABA0

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N.C. A&T Center for Accounting Diversity Announces HBCU Graduate Accounting Fellows

The online bachelor's degree programs offered by North Carolina Agricultural and Technical State University now rank among the top 55 such programs in America, reports U.S. News & World Report's new "Best Online Programs" listings.

The acclaimed Chancellor's Speaker Series will feature the Emmy and Golden Globe-winning star of "This Is Us" and such films as "Black Panther" and "The People vs. O.J. Simpson."

Twitter: @ncatsuaggies

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Dubai-based accounting and financial compliance startup, Wafeq, raises $3M • TechCrunch

In 2016, the Gulf Cooperation Council (GCC) member states signed the Value Added Tax (VAT) agreement paving way for the introduction of the general levy on consumption across the region.

Wafeq is now exploring new growth opportunities in Egypt while doubling down on its existing markets as businesses comply with evolving accounting and financial requirements.

Publisher: TechCrunch

Date: 2023-01-25T05:05:35 00:00

Author: Annie Njanja

Twitter: @TechCrunch

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Accounting Top 100 Social Media Leaderboard - Jan. 18, 2023 - CPA Practice Advisor

We are proud that Avalara's Accounting Top 100 social media leaderboard is made up of a diverse group of accounting industry professionals.

Moving on up: Landing within the top 100 at #91 is Jennifer Bauldic ( @jenniferbauldic on Twitter), after an impressive leap of 131 spots from #222! Jennifer is President and Cash Coach of Jetstream Administration Inc ., based out of Winnipeg, Manitoba, Canada.

Publisher: CPA Practice Advisor

Date: 2023-01-24T19:28:05 00:00

Author: Maureen Salahshoor

Twitter: @cpapracadvisor

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Hindenburg shorts India's Adani citing debt, accounting concerns; shares plunge | Reuters

BENGALURU, Jan 25 (Reuters) - Hindenburg Research said it held short positions in India's Adani Group, accusing the conglomerate of improper use of offshore tax havens and flagging concerns about high debt that eroded $11 billion in investor wealth on Wednesday.

The group, which is led by Gautam Adani, the world's third richest person according to Forbes, dismissed the U.S. short-seller's claims as baseless, saying it was timed to damage its reputation ahead of a large share offering.

Publisher: Reuters

Date: 2023-01-25T21:18:46Z

Author: Chris Thomas Aditya Kalra

Twitter: @Reuters

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Three Accounting Concepts Every Startup Founder Should Know

While finance and accounting can seem daunting to those without a financial background, you don't ... [+] need to dive too deep into those fields as an early-stage startup founder.

Learning some basic accounting principles will not only help startup founders to manage their projects effectively but also make informed decisions that will benefit the company's growth and success in the long run.

Publisher: Forbes

Date: 2023-01-23

Author: Abdo Riani

Twitter: @forbes

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No easy answers: A look back and ahead at accounting  | Accounting Today

After a decade at the helm of the Illinois CPA Society and as a major voice shaping the profession, Todd Shapiro shares valuable insights into the current and future state of the accounting profession on the verge of his retirement.

Publisher: Accounting Today

Date: 2023-01-23T14:10:00

Author: https www accountingtoday com author daniel hood

Twitter: @AccountingToday

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Happening on Twitter

Ms Gay retired in 2020 at the age of 74. She most recently worked for an employer called GDP Transport but began wo… https://t.co/HQkDPg7lUt SquigglyRick (from Sydney, New South Wales) Mon Jan 23 00:24:39 +0000 2023

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