Tag Archives: Regime Uncertainty

The ‘beneficial ownership’ proposition undermines tax reform

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“The Counter Terrorism and Illicit Finance Act would require corporations and limited liability companies with fewer than 20 employees to file a form with the Treasury Department at the time of formation, and update it annually, listing the names of all beneficial owners and individuals exercising control.  This proposal carries with it a criminal penalty of up to three years in prison. Given the substantial penalties, this will impose a massive regulatory tax on small businesses as they spend money on lawyers that should go toward workers’ pay.”

Read more: http://thehill.com/opinion/finance/371049-the-beneficial-ownership-proposition-undermines-tax-reform

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Russian banks ramping up gold purchases at record pace

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“The Russian government has purchased two-thirds of all the gold mined in country, buying it from local banks to add to reserves as the Kremlin sees the precious metal as a safe haven at a time of geopolitical turbulence.  Russia is the largest gold buyer in the world, and purchases by Russian banks have increased substantially in recent years.  The biggest buyers are VTB24, Sberbank and Gazprombank. All three banks have registered at the Shanghai precious metals exchange. In April, VTB announced plans to sell up to 100 tons of gold to China annually. Reserve diversification is one of the primary reasons driving Russia to buy gold, according to the Central Bank.”

Read more: https://www.rt.com/business/417592-russian-banks-gold-purchases/

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Team Trump Will Not Sanction Russian Bonds After All

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“The Treasury Department warned in its report to Congress that Russia’s sovereign debt market is too important to sanction without risking global financial turmoil, Bloomberg reported on Friday. That note can be seen as a sign of relief for Russian debt.  The State Department did not hint as to whether the classified portion of its sanctions memo to Congress called for fines against those holding or trading in Russian securities.”

Read more: https://webcache.googleusercontent.com/search?q=cache:Uj37ejbVj-IJ:https://www.forbes.com/sites/kenrapoza/2018/02/02/looks-like-team-trump-will-not-sanction-russian-bonds/+&cd=4&hl=en&ct=clnk&gl=us&client=ubuntu

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Medical Apps: Improving Healthcare on a Global Scale

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“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.”

Read more: http://blog.independent.org/2018/01/11/medical-apps-improving-healthcare-on-a-global-scale/

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California to create a state-run bank for pot businesses to ease tax collection

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“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.”

Read more: http://www.sfgate.com/bayarea/article/John-Chiang-lays-out-plan-to-create-a-public-bank-12537099.php

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Bipartisan lawmakers tell Trump to respect state marijuana laws

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“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.

As a candidate, you stated: ‘I really believe we should leave [marijuana] up to the states’ and that ‘it’s got to be a state decision.’ We trust that you still hold this belief, and we request that you urge the Attorney General to reinstate the Cole Memorandum,

wrote the group of lawmakers led by Sen. Elizabeth Warren (D-MA) and Rep. Jared Polis (D-CO).”

Read more: http://blog.sfgate.com/smellthetruth/2018/01/26/bipartisan-lawmakers-tell-trump-to-respect-state-marijuana-laws/

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How One New Tariff Could Cost You $5,000 This Year

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“You probably won’t save $5,000 in energy costs in three years with solar panels. So you might as well wait until the tariff expires.  This won’t help American solar companies, it will just make people delay installing solar. This could end up slaughtering the entire solar industry. It almost makes you wonder if the real reason is to protect coal and oil energy producers.”

Read more: http://www.thedailybell.com/news-analysis/how-one-new-tariff-could-cost-you-5000-this-year/

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Republicans want ‘dreamers’ to live under permanent suspicion

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“Instant criminalization of millions of people. That’s a lot of new customers for those privatized immigration detention centers.  The private prison industry, incidentally, donated handsomely to Trump’s campaign and inauguration.”

Read more: https://www.washingtonpost.com/news/the-watch/wp/2018/01/25/republicans-praise-dreamers-publicly-but-want-them-to-live-under-permanent-suspicion/

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Why going to 7-Eleven has become a political act

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“On Jan. 10, U.S. Customs and Immigration Enforcement agents descended on 98 7-Elevens in 17 states, including California. It was a show of force that must have played well with the president’s anti-immigrant base.  21 workers suspected of being in the country illegally were arrested nationwide.  The raids were nothing but political theater, intended to terrify the most vulnerable.”

Read more: http://www.latimes.com/opinion/op-ed/la-oe-ulin-7-eleven-ice-raids-20180123-story.html

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Donald Trump Flaunts the Dangers of Presidential Power

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“Barack Obama left office as the first two-termer in American history to have been at war every single day of his presidency. In his last year alone, U.S. forces dropped over 26,000 bombs on seven different countries. Trump blew past that tally nine months into his tenure. Indeed, this putatively ‘isolationist’ president has deepened entanglements on every battlefield Obama left him, ramping up airstrikes, kill-or-capture missions, and civilian casualties.”

Read more: https://www.cato.org/publications/commentary/donald-trump-flaunts-dangers-presidential-power

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