Month: September 2019

The House of Representatives on Wednesday passed the SAFE Banking Act on a 321 to 103 vote. If this bill passes the Senate and becomes law, it could have great implications for several states’ cannabis excise tax revenues. Eleven states have legalized adult-use recreational marijuana, but only seven states have operational markets with taxes levied
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Mr. Unfreeze; Discount miscount; pity me, pity me; and other highlights of recent tax cases. Glendale, California: Former Wells Fargo branch manager Hakop Zakaryan, 34, has pleaded guilty to one felony count of bank fraud for using his position to help launder proceeds of a tax fraud and identity theft scheme. The scheme involved using
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With the exception of Estonia and Latvia, all European countries covered in today’s map levy a dividend tax. Top dividend tax rates vary significantly across European countries. While Slovakia levies a tax of only 7 percent on dividend income, Ireland taxes dividends at 51 percent. Over the last two years, four European countries have made changes to
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Source: Stock.Adobe.com Longtime favorite of financial advisors falling on tough times Have you ever spent time with a financial advisor whose investment approach is rooted in “asset allocation?” Most are, these days. I am not one of them, at least not in the traditional sense. But if you have been informed by one, you were
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Captive Insurance jda On September 15, 2019, the IRS issued News Release IR-2019-157 entitled “IRS offers settlement for micro-captive insurance schemes; letters being mailed to groups under audit.” This appears to be the start of what amounts to the start of a global settlement initiative for qualifying 831(b) captive insurance companies and their owner. At
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Introhive, which makes customer relationship management software for enterprises, has expanded its relationship with PwC to deliver artificial intelligence-powered relationship intelligence to the global market. The joint business relationship, which began in the United Kingdom in December 2018, has extended to Canada and the United States, with plans to expand into other countries across Europe.
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2020 Democratic U.S. presidential candidate and U.S. Senator Bernie Sanders speaks during a campaign event in West Branch, Iowa, August 19, 2019. Al Drago | Reuters There could be a new factor to your credit score: the president of the United States. Democratic candidate Bernie Sanders wants to eliminate the private credit reporting companies and
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On Tuesday, Presidential candidate and Senator Bernie Sanders (I-VT) released a wealth tax proposal which includes a progressive tax on household assets and income over $32 million (for married couples). Sander’s goal is to target “extreme wealth” and the tax would only be levied on the top 0.1 percent of American households annually. Sanders’s wealth
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Next Avenue For the past five years, Next Avenue — public media’s first and only national journalism service for America’s older population — has released a list of “Influencers in Aging.” Our goal is to name a dozen groundbreakers who, in the past year, have helped transform attitudes about aging, presented innovative insights and research
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