US Expats and Retained Earnings in Foreign Corporations for 2018
"The ONLY exception and the only place on the planet where Trump’s tax plan can’t reach is the US territory of Puerto Rico."
SEC blocks Chicago Stock Exchange sale over Chinese investor participation
"The decision by federal regulators to reject a bid by a Chinese-led investor group to buy the Chicago Stock Exchange is a major blow to its international aspirations, but it may not derail the sale entirely, the exchange’s chief executive said Friday."
San Francisco confiscates private street from Taiwanese investor, out $90k
"The street's enhanced security and isolated location have attracted some of the wealthiest and most powerful politicians in California over the years, including Sen. Dianne Feinstein and House Minority Leader Nancy Pelosi. Cheng says the outcome of the hearing shows that a different standard of government applies to the rich and politically connected in San Francisco."
A Beer War Is Brewing in Maryland
"This is where the story becomes quite curious. The new bill will reduce output for all brewers except for one: the new Guinness Brewery being built in southwest Baltimore."
White House Takes a Wrong Turn on Salvadoran Refugees
"200,000 Salvadoran refugees who were granted U.S. Temporary Protected Status – some of whom have been living in the U.S. for nearly a generation – are being thrown under the bus. The federal government is stumbling over a problem of its own creation, having made it almost impossible for the Salvadorans who lawfully have lived, worked, paid taxes and raised children under TPS to acquire permanent status."
Washington may have had a hand in halting Dow meltdown
"Someone started arbitrarily and aggressively buying stocks and the decline was halved. Monday will still go down as a Wall Street massacre, but that anonymous superhero buyer or buyers made it a lot less bloody. Who was the market’s superhero? I’m going to tell you a story and then you decide."
Yellen’s Final Act Is To Ban Wells Fargo From Growing
"Until Wells Fargo addresses shortcomings in areas including internal oversight, it can’t take any action that would boost total assets beyond their level at the end of 2017, without the Fed’s permission. The bank said after-tax profit in 2018 would be reduced by $300 million to $400 million and its stock slumped in late trading Friday."
Medical Apps: Improving Healthcare on a Global Scale
"Health apps are providing much-needed access and services to millions of patients on a global scale. Efforts to curtail their use, despite the best intentions, only work to deny access to those who may need it most. It would be folly to ask patients to wait in long lines or for federal regulators to verify quality when so many are receiving help every day."
California to create a state-run bank for pot businesses to ease tax collection
"Store owners, growers and distributors are being forced to use cash because most banks won’t open accounts for them while the federal government still considers marijuana illegal. As revenues inevitably increase, they will be lugging larger stacks of 50s and 100s to the tax collector, a situation that everyone agrees makes businesses vulnerable to thievery, violent crime, money laundering and extortion."
Bipartisan lawmakers tell Trump to respect state marijuana laws
"The group of 54 lawmakers sent a letter to the president on Thursday asking him to go against Attorney General Jeff Sessions’ attempts to roll back protections on state marijuana laws, reports Marijuana Moment‘s Tom Angell.
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