On May 27, Secretary of State Mike Pompeo declared Hong Kong to be no longer autonomous from China. The State Department announcement could enable Congress to end longstanding rights to freer trade and travel between Hong Kong and the U.S. … Continue reading →
The Tax Cuts and Jobs Act of 2017 (TCJA) abolished three nonresidential real property categories (qualified leasehold improvement property, qualified restaurant property and qualified retail improvement property) and replaced these categories with a broader category known as qualified improvement property … Continue reading →
According to research by Emmanuel Saez and Gabriel Zucman, taking into account all taxes paid (including consumption taxes, payroll tax and residential property taxes), every income group in the United States contributes between 25 percent and 30 percent of its … Continue reading →
Internal Revenue Code Section 1031 allows an investor to defer the capital gains tax from the sale of real estate when similar parcels are swapped and no gain or loss is realized. The investor must identify the replacement property(ies) (using … Continue reading →
A stock buyback occurs when a company buys back its shares in the open market. The move causes the repurchased shares to be absorbed by the company thus reducing the number of shares that trade publicly and increasing the relative … Continue reading →
According to a Reuters analysis of federal data, of the 378 metropolitan areas ranked by the change in their share of national employment from 2010 to 2017, 40 percent of the new jobs generated during that time (along with a … Continue reading →
On June 14, the New York State Legislature passed and Gov. Cuomo signed into law, the Housing Stability and Tenant Protection Act of 2019 (S6458). Some of the law’s provisions are noted below: Repeal of vacancy decontrol and high-income deregulation: … Continue reading →
A report in Vox attributes Amazon’s zero tax liability on close to $11 billion in 2018 earnings to three factors: 1. Research and development tax credit; The rate of ED reduction was 39% of men above 40 and 65% of … Continue reading →
DC’s First Source mandate requires construction companies to give hiring preference to local workers if a project receives taxpayer dollars. Companies building qualifying projects of $300,000 to $5 million must hire 51 percent local residents, and those in charge of … Continue reading →
The U.S. Supreme Court recently decided in South Dakota v. Wayfair, Inc. Et al. that South Dakota was not prohibited under the Commerce Clause of the U.S. And the faster we recognize that, the faster we’ll succeed viagra online in … Continue reading →