Month: October 2020

In a recent case, the 11th Circuit discussed conservation easements and their statutory requirements. The full case addressed three issues: (1) the granted-in-perpetuity requirement, (2) the effect of an amendment clause (and the protected-in-perpetuity requirement), and (3) valuation methods. This post focuses on only the first issue—the operation of § 170(h)(2)(C)’s granted-in-perpetuity requirement. For some quick
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On November 10—just a week after the election–the US Supreme Court will hear oral arguments in a lawsuit challenging the constitutionality of the Affordable Care Act (ACA). The case was brought by eighteen Republican-led states and is strongly supported by President Trump, who has said repeatedly he wants the court to reverse the law. While
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Monty Rakusen | Cultura | Getty Images Company: Contura Energy, Inc. (CTRA) Business: Contura is large scale provider of metallurgical (“met”) and thermal coal. The company has mining operations across coal basins in Pennsylvania, Virginia and West Virginia. It supplies both metallurgical coal to produce steel and thermal coal to generate power. The met coal
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U.S. President Donald Trump and Democratic presidential candidate former Vice President Joe Biden answer a question during the second and final presidential debate at the Curb Event Center at Belmont University in Nashville, Tennessee, October 22, 2020. Morry Gash | Pool | Reuters During the pandemic, federal student loan borrowers have been given a break
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Spanish taxpayers are facing several tax hikes in addition to the two major taxes—a financial transactions tax (FTT) and a digital services tax (DST)—approved by Spain’s upper house less than two weeks ago. The coalition government this week presented the 2021 budget which includes a 53 percent increase in non-financial public spending from last year,
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The outcome of Tuesday’s election could be profound tax changes, but that’s only if one party wins control of both houses of Congress and the White House. “After the November election the Democrats and the Republicans are going to know how many seats they hold in the House and the Senate,” said Tim Speiss, co-leader
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Raymond James CEO Paul Reilly told CNBC on Friday that long-term investors should not be scared away from equity markets, despite the rise in coronavirus cases and other risk factors that weighed on Wall Street in October. “The important message is stay invested,” Reilly said on “Power Lunch.” “If you’re afraid of some segments, that’s
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The scheduled expiration of the Fed’s Municipal Liquidity Facility (MLF) at the end of 2020 could … [+] threaten a repeat of this spring’s market liquidity crisis. getty As Senate Republicans continue blocking state and city budget aid in a new stimulus package, progressive advocates want the Federal Reserve to be a much more active municipal lender.  But
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During each presidential election, the Tax Policy Center analyzes the tax policies of the two major candidates. This year, TPC estimated the effects of Democratic presidential candidate Joe Biden’s plans twice; in March and again earlier this month to reflect tax provisions the former vice president announced since TPC completed its first analysis. The Trump
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Spreading the theft around; re-routed refunds; AIG loses, mostly; and other highlights of recent tax cases. Beaverton, Oregon: Engineer Jeffrey Fitch has been sentenced to a year and a day in prison for failing to collect or pay over federal employment taxes. Since 2002, Fitch owned and operated SFA Engineering and SFA Design Group. Between
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Economic Security Planning, Inc. Today’s column addresses questions about what happens if you delay filing for Social Security retirement benefits past 70, whether someone can falsely claim spousal benefits on someone else’s record and when survivor’s benefits can be paid and why they may not be. Larry Kotlikoff is a Professor of Economics at Boston
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Taxes paid by corporations and income inequality are both topics of national attention, particularly during the ongoing 2020 presidential campaign. Increasing the corporate tax rate is often offered as a solution to income inequality because higher-income individuals tend to own more corporate shares than others and may bear the burden of a tax increase on
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Getty Images Global travel screeched to a halt during the pandemic, and it’s hurting credit card companies’ bottom line.  American Express, Mastercard and Visa all reported double-digit drops in profit for the recent quarter, compared to a year ago. The companies pointed to a plunge in international travel as borders remain closed during the pandemic. 
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