#BoardOfDirectors BRIEF-Consol Energy board of directors gives final approval to separation of the coal and E&P… http://bit.ly/2ihLZgk
— Muzaffaruddin Alvi (@Muzaffar1969) October 31, 2017
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Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA)
Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA) Please click the li...
Showing posts with label 2017 at 05:01PM. Show all posts
Showing posts with label 2017 at 05:01PM. Show all posts
Tuesday, October 31, 2017
#BoardOfDirectors BRIEF-Consol Energy board of directors gives final approval to separation of the coal and E&P… http://bit.ly/2ihLZgk
Wednesday, October 11, 2017
#BoardOfDirectors ReadCoor Names Dr. Thomas M. Grogan to its Board of Directors – Business Wire (press release) http://bit.ly/2ygvNoY
#BoardOfDirectors ReadCoor Names Dr. Thomas M. Grogan to its Board of Directors – Business Wire (press release) http://bit.ly/2ygvNoY
— Muzaffaruddin Alvi (@Muzaffar1969) October 11, 2017
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Saturday, May 27, 2017
The Transparency Fix: Secrets, Leaks, and Uncontrollable Government Information
Book by Mark Fenster: Is the government too secret or not secret enough? Why is there simultaneously too much government secrecy and a seemingly endless procession of government leaks? The Transparency Fix asserts that we incorrectly assume that government information can be controlled. The same impulse that drives transparency movements also drives secrecy advocates. They all hold the mistaken belief that government information can either be released or kept secure on command.
The Transparency Fix argues for a reformation in our assumptions about secrecy and transparency. The world did not end because Julian Assange, WikiLeaks, and Edward Snowden released classified information. But nor was there a significant political change. “Transparency” has become a buzzword, while secrecy is anathema. Using a variety of real-life examples to examine how government information actually flows, Mark Fenster describes how the legal regime’s tenuous control over state information belies both the promise and peril of transparency. He challenges us to confront the implausibility of controlling government information and shows us how the contemporary obsession surrounding transparency and secrecy cannot radically change a state that is defined by so much more than information….(More)”.
Full Post: The Transparency Fix: Secrets, Leaks, and Uncontrollable Government Information
May 27, 2017 at 04:55PM
from Stefaan Verhulst
Sunday, May 21, 2017
North Korea has just test-fired yet another missile
The launch is the latest in a series of provocative tests conducted by the hermit nation in recent months.
May 21, 2017 at 03:54PM
from
The world’s first self-sailing electric cargo ship will be built by Norway
The ship will be able to haul roughly 100 containers at a speed of 12 to 15 knots.
May 21, 2017 at 03:54PM
from
Saturday, May 13, 2017
New charges to slow fast-track bribery trial of D.A. – The Philadelphia Tribune
The Philadelphia Tribune |
New charges to slow fast-track bribery trial of D.A.
The Philadelphia Tribune A defense lawyer expects new charges to slow down expectations of a fast-track trial for embattled District Attorney Seth Williams, who left the federal courthouse in Philadelphia on Thursday after an arraignment. — AP Photo/Matt Rourke. prev. next. A … Philadelphia top prosecutor set for bribery trial June 19Clearfield Progress Judge Agrees To Delay Bribery Trial For Philly DALaw360 (subscription) |
May 13, 2017 at 04:55PM
from
Pete the Planner: $5 million in chicken means lots of eggs
I like to think of retirement income and the assets that generate it as eggs and chickens.
May 13, 2017 at 04:55PM
from Special for USA TODAY
Alleged Bribery: EFCC Submits ‘Indicting’ Call Logs Between Rickey Tarfa, Judges – SaharaReporters.com
SaharaReporters.com |
Alleged Bribery: EFCC Submits ‘Indicting’ Call Logs Between Rickey Tarfa, Judges
SaharaReporters.com The Economic and Financial Crimes Commission, EFCC, has submitted to the Lagos Division of the Federal High Court details of alleged telephone conversations and text messages between Nigerian lawyer, Rickey Tarfa and a High Court judge in an … |
May 13, 2017 at 04:55PM
from
Before Trump finishes his tax plan, he might want to go to Kansas
But ask some Kansans and you’ll learn how that kind of tax cut can have some serious unintended consequences.
In 2013, as part of the state’s largest-ever tax cuts, Kansas slashed its business tax rate down to 0%. It was supposed to spur economic growth. After all, if businesses have more money in hand, they can theoretically hire more people and invest in making new products.
Instead, researchers from a number of institutions say it turned more into a “tax avoidance” program, rather than encouraging investment. A lot of white collar workers like law partners, accountants, and doctors stopped taking salaries and instead started claiming the profits of the business. For them, state income tax essentially went from a maximum of 4.6% to nothing. This has led to an ongoing budget crisis.
“Kansas has been an unmitigated budgetary disaster,” says Dr Lori McMillan, a tax law professor at Washburn University told Business Insider. “It was a very messy, blunt club when a scalpel was needed.”
The economic growth from the tax cuts never materialized. Kansas was saddled with an almost instantaneous budget hole, leaving schools and pensions drastically underfunded. Infrastructure repairs were put on hold. And to deal with a $700 million drop in revenue — almost twice what was predicted — Kansas raised its sales tax, hurting all residents, but especially lower income Kansans.
Kansas has some peculiarities, but the lessons still apply nationally. In the state, the zero percent tax only applies to so-called “pass-through” businesses, which send their profits directly to the companies’ owners. Before this law, those owners would just pay Kansas’s individual tax rate. The 2012 law effectively created a new category just for them, where they pay nothing.
Nationally, 90% of US companies are pass-throughs, according to the Tax Foundation, so it’s possible Trump’s tax cut would have similar effects. It could also encourage some higher-income workers to become independent contractors rather than remain companies’ employees.
“The logic is simple,” Joseph Rosenberg and Leonard Burman of the Tax Policy Center write in a report. “If wage income is taxed at 33 percent but business income is taxed at 15 percent (as under President Trump’s campaign proposal), taxpayers may reduce their tax liability by more than half if they can effectively recharacterize their wage income as business income.”
In other words, someone might stop taking a traditional salary, and instead effectively become a one-person business to save on taxes.
It wasn’t supposed to be this way.
Kansas governor Sam Brownback pushed hard for this tax break. He bet it would help the state’s economy. But the bigger than expected budget shortfall has had drastic ripple effects.
It’s exacerabed a school funding crisis. The state’s supreme court in March even called the low level of funding unconstitutional.
Despite widespread criticism, including from within his own party in the legislature, Brownback has mostly resisted reversing the tax cuts. The state’s budget director, Shawn Sullivan, who’s appointed by the governor, says that might be changing.
“The goal is to be pro-growth,” Sullivan told Business Insider. “The governor believes the current plan is best, but as the legislature deals with the current situation, he is willing to compromise.”
Sullivan also refutes the validity of some of the economic studies of Kansas completed by the Tax Foundation and academics, saying, “they’ve extrapolated conclusions not borne of the data.”
But the state is still facing massive budget deficits — as much as $1.1 billion through the middle of 2019. Instead of changing the tax cuts on business and personal income, the lawmakers have raised sales taxes.
“When you pick winners and losers in your tax policy, you only shift the burden of funding the government to others who may be less able to pay,” says McMillan.
Kansas now has one of the highest sales tax rates in the nation at 6.5%, the cigarette tax was recently raised by 79 cents to $1.29, and a new tax was put on vapor products as well, according to the Tax Foundation.
Bernie Koch of the Kansas Economic Progress Council isn’t sure how long that level of sales tax can last.
“The sales tax wasn’t meant to handle that load,” says Koch. “It’s become the largest slice of the pie for Kansas. More than the income tax. I don’t think the legislators ever thought ‘can the sales tax handle this?’”
Kansas lawmakers are now working to repeal the pass-through tax exemption as part of a larger tax overhaul. In February a state legislature-approved bill was sent to Governor Brownback’s desk where he vetoed it.
“I am vetoing it because the legislature failed to fulfill my request that they find savings and efficiencies before asking the people of Kansas for more taxes,” the Governor said in a statement. “I am vetoing it because Kansas families deserve to keep more of their hard-earned cash.”
Following the veto, the credit-rating agency Moody’s issued a negative outlook for the state.
Even though people are changing the way they file and are going out of their way to get the tax cut, they’re within the bounds of the law.
A Trump plan
Trump’s team says its plan might work differently.
At a White House briefing, Mnuchin said the administration “will make sure that there are rules in place so that wealthy people can’t create pass-throughs and use that as a mechanism to avoid paying the tax rate that they should be on the personal side.”
But the big question is: how does he do that? What legal rules can the administration come up with so that tax lawyers and accountants can’t find legal loopholes.
“Kansas is a teaser for how hard it is to budget this kind of tax cut,” McMillan said.
Details of the Trump plan are currently being negotiated with Congress.
Meanwhile, some are wondering if Kansas’s schools will open in the fall. Following the supreme court’s ruling, legislators must pass some form of tax reform to properly fund the schools.
“I’m optimistic something will get done,” Koch said. “Mostly because if the schools close, there will be riots in the streets.”
SEE ALSO: ‘Trumponomics,’ in Trump’s own words, comes down to one thing — trade
Join the conversation about this story »
May 13, 2017 at 05:00PM
from Raul Hernandez
Friday, May 12, 2017
Merriam-Webster’s genius Trump trolling
The Merriam-Webster dictionary has struck social media gold by trolling President Trump.
May 12, 2017 at 04:47PM
from
Sunday, May 7, 2017
Found a website that crowdfunds bounties to find info on politicians, corporations, etc. From their page: 1. We post bounties on questions people want answered. 2. We pay the people that answer them. 3. That’s it.
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submitted by /u/MKULTRAserialkillers [link] [comments] |
May 07, 2017 at 04:50PM
from /u/MKULTRAserialkillers
Possible Shell company Payments to Macron coincide with timing of his bureaucratic decisions
Monday, May 1, 2017
X-CEO of Sandisk is appointed as CEO and President of Micron – EE Herald
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X-CEO of Sandisk is appointed as CEO and President of Micron
EE Herald Semiconductor memory chip maker Micron Technology has appointed Sanjay Mehrotra as president and chief executive officer and a member of the board of directors, effective May 8, 2017. Mehrotra succeeds Mark Durcan. “Sanjay has an outstanding track … |
May 01, 2017 at 04:52PM
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