Community tax – Montgomery Homestead http://montgomeryhomestead.com/ Thu, 02 Dec 2021 15:49:17 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://montgomeryhomestead.com/wp-content/uploads/2021/06/cropped-icon-32x32.png Community tax – Montgomery Homestead http://montgomeryhomestead.com/ 32 32 Democrats’ fiscal policy mocks their progressive commitments https://montgomeryhomestead.com/democrats-fiscal-policy-mocks-their-progressive-commitments/ Thu, 02 Dec 2021 15:45:35 +0000 https://montgomeryhomestead.com/democrats-fiscal-policy-mocks-their-progressive-commitments/ December 4, 2021 THE TAX President Joe Biden’s plans were once full of lofty promise. He and Democrats in Congress would reverse Don ald Trump’s tax cuts, make the rich pay more, and fully fund all kinds of desperately needed climate and social policy programs with the proceeds. The middle class would grow and the […]]]>

THE TAX President Joe Biden’s plans were once full of lofty promise. He and Democrats in Congress would reverse Don ald Trump’s tax cuts, make the rich pay more, and fully fund all kinds of desperately needed climate and social policy programs with the proceeds. The middle class would grow and the richest 1% would come out. As the messy drafting of Mr. Biden’s main spending bill, the Build Back Better Act, comes to an end after months of negotiations, it is clear that in tax matters the result is not at all. noble.

The president has been unable to force his weak majorities in Congress to overturn Mr. Trump’s tax law and raise marginal rates on the highest capital gains, corporate profits, or individual incomes. And so his plan to raise incomes is a catch-all of unorthodox measures, including a new minimum tax on corporate income, an excise tax on share buybacks, and a new surtax on those whose incomes are greater than $ 10 million. The wisdom of these measures can be debated. What cannot is a last-minute addition to the bill that would spend hundreds of billions of dollars to subsidize the wealthiest residents of New York and California.

State and local tax (SALT) The deduction allows Americans to reduce their federal tax liability if they pay a lot of state and local income and property taxes. Prior to 2017, this provision was unlimited, allowing plutocrats in high-tax states to deduct all property taxes on their mansions and state income tax on their millions, at the expense of federal taxpayers around the world. Mr. Trump’s tax law capped the tax exemption at $ 10,000. Rather than welcome this as a step towards their goal of greater redistribution, Democrats in high-tax states moaned that they had been targeted in a punitive manner. Just before the adoption of Build Back Better in the House of Representatives on November 19, they raised the cap to $ 80,000 per year.

The result is a tax fiasco. Over the next five years, the benefit will cost $ 275 billion. Exactly none of this will go to the poorest 60% of wage earners. Instead, 70% of the earnings will go to the top 5%. For a party that has come to power condemning Mr. Trump’s tax reform as regressive, the stain of hypocrisy will be difficult to erase.

If the policy is bad, the policy is worse. The central promise of Mr Biden’s program was to create a more muscular state that will be able to deal with long-term threats such as climate change, pandemics and social dysfunction. But what is supposed to be better reconstructed will count for nothing if it does not exist. In order to pay for this $ 275 billion giveaway, Democrats gave up some of Mr. Biden’s commitments, including free community college tuition, and planned for others to disappear in a few years. They bet that a future Congress will be ashamed to find the money to save them from the ax. This may turn out to be wishful thinking.

It is also insensitive. The increase in family allowances has dramatically reduced poverty among Americans most in need, but the program is due to expire after just one more year. If the Democrats withheld the hundreds of billions of SALT deduction, they could almost entirely finance a permanent family allowance scheme. They prefer to give each member of the richest 1% of earners an average tax cut of $ 15,000, five times the amount the benefit pays for each child.

The best hope for improving the bill comes from the Senate, where all Democrats must vote for it to pass. Mr. Biden is so desperate to see the bill become law that he won’t criticize it. Some, like Bernie Sanders, have offered a compromise limiting the greater SALT deduction for families earning less than $ 400,000 per year, which tells you how regressive the current bill is.

There is no way to change the SALT deduction to make it desirable. It should be completely scrapped. But because it won’t happen, the debate is whether it can be turned into something less bad. Considering the constant degradation of Build Back Better, optimism would be reckless.

This article appeared in the Leaders section of the print edition under the title “SALT in Wounds”


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Community Foundation funding helps families take out expanded tax credits https://montgomeryhomestead.com/community-foundation-funding-helps-families-take-out-expanded-tax-credits/ Tue, 30 Nov 2021 23:22:18 +0000 https://montgomeryhomestead.com/community-foundation-funding-helps-families-take-out-expanded-tax-credits/ SYRACUSE, NY (WSYR-TV) – Every year, PEACE, Inc. helps income-eligible people file their taxes free of charge. “We have a new year-round location on East Fayette Street, near the Housing Visions corridor,” said Todd Goehle, director of community engagement for PEACE Inc. “So we’re in a place where there is free parking, bus lines so […]]]>

SYRACUSE, NY (WSYR-TV) – Every year, PEACE, Inc. helps income-eligible people file their taxes free of charge.

“We have a new year-round location on East Fayette Street, near the Housing Visions corridor,” said Todd Goehle, director of community engagement for PEACE Inc. “So we’re in a place where there is free parking, bus lines so it is easily accessible.

For a number of reasons, some families and individuals do not file a return.

“A number of people because of their income don’t file a return regularly, so that’s a problem,” Goehle explained. “We also see problems in terms of language barriers. “

The Central New York Community Foundation received a $ 50,000 grant from EITC’s network of funders that they are associating to help groups like PEACE, Inc. reach this group, as they miss the opportunity to receive the earned income tax credit or the child tax credit. Some families may be eligible for the child tax credit of up to $ 3,600 per child.

“Here in Syracuse, there are between 1,400 and 2,500 in the greater region of Onondaga County, families, children who could claim it,” said Frank Ridzi, vice president of community investment at the Community Foundation. “So that’s a lot of people and it’s a everyone’s moment on deck.”

The funds will be used to recruit volunteers and to promote these services to the community.

PEACE, Inc. is able to provide free tax preparation to the community because it relies on volunteers. It’s something they need.

“The more volunteers we have to provide tax services, the more tax services we can provide to our clients. We provide comprehensive training, ”Goehle explained.

If you think you are eligible, Ridzi said, “It doesn’t cost you anything to go ahead and fill out the paperwork. “

PEACE, Inc’s Free Tax Preparation Location:
1201, rue E. Fayette, office 22
Syracuse, New York 13210
taxes@peace-caa.org

Call: (315) 634-3756 or visit https://www.peace-caa.org/programs-services/individuals-families-services/taxes/


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Evanston City Council Approves 2022 Budget, ARPA Debates, Tax Levies https://montgomeryhomestead.com/evanston-city-council-approves-2022-budget-arpa-debates-tax-levies/ Mon, 29 Nov 2021 06:03:20 +0000 https://montgomeryhomestead.com/evanston-city-council-approves-2022-budget-arpa-debates-tax-levies/ Daily archive photo by Nick Francis Ald. Bobby Burns (5th) at City Council. Burns voted against Evanston’s FY2022 budget, which passed 5-3 on Monday. City council voted 5-3 Monday night to approve Evanston’s 2022 fiscal year budget. The budget allocates about $ 360 million in total spending, up over $ 60 million from last year. […]]]>

Daily archive photo by Nick Francis

Ald. Bobby Burns (5th) at City Council. Burns voted against Evanston’s FY2022 budget, which passed 5-3 on Monday.

City council voted 5-3 Monday night to approve Evanston’s 2022 fiscal year budget.

The budget allocates about $ 360 million in total spending, up over $ 60 million from last year. It will significantly increase funding from what was originally proposed to council for the Evanston General Fund, the town’s core operating fund, as well as the Robert Crown Building Fund and initiatives to pay for city water, solid waste management and equipment replacement. Evanston’s property taxes will not increase this year.

Some board members have expressed concern that the $ 43 million stimulus money Evanston will receive from the American Rescue Plan Act will go to the police and fire department pension funds. ARPA funds are a one-stop source of funding, so they won’t be available next year.

During the debate on the draft budget, Ald. Clare Kelly (1st) proposed an amendment that would transfer all funding from ARPA to the Evanston General Fund, but the motion failed.

Board members and community members strongly debated where to allocate ARPA funds. About 150 students from Evanston Township High School left school at the end of October, put pressure on the city council to use these funds for the implementation of the Climate Action and Resilience Plan. City staff also argued that part of the funds should go to new posts in the city, and the board moved to keep COVID-19 response personnel with ARPA funds earlier this month.

Kelly offered to table the vote, saying she wanted to explore more options for transferring funding from ARPA to the General Fund. Ald. Jonathan Nieuwsma (4th) said the board needed to hold a longer separate conversation on ARPA funding before voting on the budget. But when it became clear that the postponement of the vote could leave the city without a major source of funding in January, he voted to pass the budget.

“It is our responsibility to taxpayers,” Nieuwsma said of her vote. “In the past 10 years, I have never been on city council and have seen them not pass the budget. I certainly don’t want to start.

The budget also adds several new positions within the municipal administration, including an environmental health inspector to enforce the regulations. leaf blower ordinance, which limits the seasons and times that residents can use leaf blowers.

Ald. Bobby Burns (5th) voted against the proposed budget alongside Kelly and Ald. Devon Reid (8th).

Burns criticized the budget for allocating money to the same departments he did in years past. He said his working group on the Reimagining Public Safety Committee plans to create a new municipal service.

He said he wanted the board to update its collective goals to make room for initiatives like this new department. The committee was originally created to analyze the Evanston Police Department’s relationship with the city and present community-informed recommendations for the 2022 budget process.

“I remain firm on my vote mainly because of the particular decisions we have made about the positions that we will end up filling,” Burns said. “We cannot recover this income. These people are going to be with us for quite a while.

Council members also considered adding between $ 20,000 and $ 30,000 to the budget for the new road alignment on Custer Avenue, an amendment proposed by Reid. The measure failed by a 6-2 vote.

Reid said he brought the measure into the debate after voter demands.

“(I) in particular had a number of parents in the area who were concerned that their children would be hit by a car at high speed,” said Reid. “If we can do something as small as restrict the area… and have a road regime (to encourage) people to drive at the speed limit, I think that’s a pretty minor expense.”

The council also passed other ordinances, in particular the municipal tax, the General Assistance Tax Levy, the tax levy for libraries and several tax levies for special service areas. A tax levy is a cap on the amount of future property tax revenue that the city plans to spend on services in specific areas in the future – a number that will theoretically not be affected by differences between expected and actual tax revenue. .

The City Tax Levy, which went 5-3, allocates about $ 34 million in property taxes to Evanston to pay for obligations, including police and fire pensions, a 1.45% increase compared to 2020. The other levy elements, including the general assistance tax levy, the Library Tax Levy and several Tax Levy special service areas were adopted unanimously.

E-mail: [email protected]

Twitter: @avanidkalra

E-mail: [email protected]

Twitter: @ joannah_11

Related stories:

City council discusses hot issues in 2022 draft budget

CARP Implementation Working Group Talks Environmental Justice and ARPA Funding

In Focus: Almost two years after it reopened, residents remain divided over the impact of the Robert Crown Community Center



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Bristol Twp. Proposes a 2022 budget without tax increase https://montgomeryhomestead.com/bristol-twp-proposes-a-2022-budget-without-tax-increase/ Sat, 27 Nov 2021 14:14:35 +0000 https://montgomeryhomestead.com/bristol-twp-proposes-a-2022-budget-without-tax-increase/ Photo file Credit: Tom Sofield / LevittownNow.com The Township of Bristol plans to stay the course on taxes in 2022. Bristol City Council recently approved a draft expenditure plan of $ 70.6 million that township director Randee Elton said came from “healthy budgeting and healthy reserves” that have helped the community weather the uncertainty caused […]]]>
Photo file
Credit: Tom Sofield / LevittownNow.com

The Township of Bristol plans to stay the course on taxes in 2022.

Bristol City Council recently approved a draft expenditure plan of $ 70.6 million that township director Randee Elton said came from “healthy budgeting and healthy reserves” that have helped the community weather the uncertainty caused by COVID-19.

The preliminary budget keeps the tax rate at 23.98 thousandths, which works out to about $ 428.69 in property taxes for the average assessed home.

The budget includes the addition of police officers, carrying out tests for the promotions of the police department, the purchase of a new fire truck and the addition of a firefighter / fire inspector, the addition of a leisure center and the renovation of the center for the elderly, the construction of a new fire station, the replacement of many cantons of aging vehicles, software upgrades for municipal services, and the installation of heat and insulation at the public works garage. Construction on the multi-million dollar modernization of the Croydon Sewer Plant is expected to begin after a delay in the new fiscal year.

Elton said the township continues to follow the council’s budget ordinance to help stimulate new job creation, provide services to residents efficiently, encourage investment in the township, invest in a one-time capital project, broaden the tax base, make investments in infrastructure, and expand services when funding is available.

The budget is an increase over the 2021 budget of $ 57.6 million due to additional COVID-19 aid funds that have entered the township. The American Rescue Plan Act brought in $ 15.8 million to the township, which was allocated to help a community nonprofit, firefighters, rescue teams and needed improvements to sanitary sewer systems and rainy waters.

“While operating costs have increased due to staff costs and contractual obligations, General Fund expenses are expected to increase slightly from last year’s budget. This increase is supported by a vibrant real estate market and steadily increasing property transfer tax revenues, as well as development and license fees on the revenue side, ”said Elton.

Township finance officer Francis Phillips said in a budget memo forecasting for the future has been made more difficult due to the pandemic and rising inflation.

“Inflation in the housing market over the past twenty-two months has distorted the pattern of steady growth and made circumstances more optimistic than can be sustained over the long term. Past results are no guarantee of future results, so even when expectations are raised they are within an already established range of results, ”Phillips wrote.

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LAUSD approaches a choice on the next superintendent https://montgomeryhomestead.com/lausd-approaches-a-choice-on-the-next-superintendent/ Thu, 25 Nov 2021 18:35:32 +0000 https://montgomeryhomestead.com/lausd-approaches-a-choice-on-the-next-superintendent/ Before the end of the year, members of the Los Angeles school board intend to announce the most important decision of their term: the hiring of a new superintendent. The post, considered one of the most difficult in public education, comes at a critical time for the country’s second-largest school district. The system is teeming […]]]>

Before the end of the year, members of the Los Angeles school board intend to announce the most important decision of their term: the hiring of a new superintendent.

The post, considered one of the most difficult in public education, comes at a critical time for the country’s second-largest school district. The system is teeming with billions of dollars in coronavirus relief aid, additional federal funding, and increased state tax revenues. But there is mountain work ahead. Students are in crisis – struggling to recover from the profound learning setbacks associated with the pandemic as well as mental health issues brought on by prolonged periods of isolation and other hardships. The district is also plagued by declining enrollment and a long-term structural budget deficit.

“The past 21 months have been devastating for so many of the families we serve at LA Unified,” said Kelly Gonez, school board chairperson. “The pandemic has created an unequal burden of disease, death, job loss and trauma that has fallen disproportionately on communities of color. Our superintendent will need to consider the profound impacts of the pandemic, the uprisings for racial justice, and the urgent needs of our students and families. “

Officials – who are interviewing in the later stages of their national search – would not confirm who applied. But Gonez said the new leader should be “a seasoned educator who can unify the larger Los Angeles community, commit to a long term, center the voices and needs of those who are historically most underserved, s” tap the talents of our system and perform at scale. to ensure we achieve long-term goals for our students.

Read the full story at LATimes.com.


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Sales Tax Makes Eastern Zone Projects Possible | News, Sports, Jobs https://montgomeryhomestead.com/sales-tax-makes-eastern-zone-projects-possible-news-sports-jobs/ Wed, 24 Nov 2021 05:20:32 +0000 https://montgomeryhomestead.com/sales-tax-makes-eastern-zone-projects-possible-news-sports-jobs/ news@breezenewspapers.com A plethora of upgrades, as well as new schools, have been completed, are underway, or are about to begin in the Eastern Zone, all made possible by voters approving the half-cent sales tax there. is three years old. The Lee County School District has gone through a decade in which the state cut funding […]]]>

news@breezenewspapers.com

A plethora of upgrades, as well as new schools, have been completed, are underway, or are about to begin in the Eastern Zone, all made possible by voters approving the half-cent sales tax there. is three years old.

The Lee County School District has gone through a decade in which the state cut funding to its capital budget, leaving the district unable to build schools or keep up with routine maintenance.

With Lee County voters passing the half-cent sales tax increase three years ago, it generated $ 228,152,475 for construction, safety, maintenance and technology. Between 2019 and 2021, income represented 33% of all district capital income.

In the current fiscal year, sales tax provided $ 87 million for district-wide improvements.

“It’s hard to overstate the impact of sales tax on the school district,” Chief Financial Officer Dr Ami Desamours said in a prepared statement. “We delayed maintenance just a few years ago. Now we are building for the future, modernizing our schools, increasing safety and adding new technology. Our students benefit every day from the improvements we now have, thanks to the support and trust of our community.

As of November 9, $ 28,874,601 has been spent on construction, $ 46,567,696 on maintenance, $ 36,617,279 on safety and security and $ 40,584,108 for the entire technology district.

District spokesman Rob Spicker said the income had helped the district catch up on building new schools in the eastern area, as well as support needed maintenance projects and improvements. to schools.

The community promised that the construction of six new schools and the reconstruction of two would take place if the sales tax was passed, with spending being limited to four categories.

The two reconstructed schools are in the South Zone along with Franklin Park Elementary School and Cypress Lake High School. Spicker said it was more cost effective to rebuild these schools rather than continue to do maintenance.

Franklin Park has entered the early stages of the design phase with construction starting in about a year. Cypress Lake Middle is a little further behind.

Many projects have already been completed using sales tax revenues, such as renovations to Lehigh High School. These renovations and additions include a JROTC building, the library converted into classrooms and a multimedia center, a main entrance redesigned and rebuilt to increase the size of the clinic and outdoor seating for the cafeteria.

“All of this was done in August 2019. We had to get started. Sales tax revenues helped pay for the financing of the building ”, Spicker said.

During the renovation, Lehigh Senior also received storm windows, a prize of $ 1.7 million, over $ 1 million in safety upgrades, and half a million dollars for Promethean panels.

Spicker said the blackboards are large interactive televisions that teachers can watch videos on, work on, and write on the blackboards.

“It’s a very engaging tool for students. It keeps them interested and engaged in what is going on in class ”, he said.

So far, the district has implemented Promethean councils in 42 schools in the district. Boards are located at Mirror Lakes Elementary School, Riverdale High School, Harns Marsh Elementary School, East Lee High School, Lehigh High School, Lehigh Senior High School and Gateway High School. The ultimate goal is for all schools in the district to have them in classrooms.

Other completed projects include a new Lehigh Acres Middle School, a $ 54 million project providing 1,300 students. 200 additional seats will start in February or March.

Students from the old Lehigh Acres Middle School have moved to the new school.

There are $ 12 million renovation plans for the old LAMS, which was showing its age. Spicker said they will bring the old LAMS to the present day, along with a few additions. There will also be renovations to the Veterans Park Academy for the Arts, which will include a black box-style theater connecting the two campuses.

Gateway High School, another completed project, opened on August 23 with 2,000 student stations for a price tag of $ 98 million.

“They have a fantastic school”, Spicker said.

The East Zone projects also include the construction of Elementary School J, School of Innovation, as well as renovations to Lehigh Senior High School, Riverdale High School and the former Lehigh Acres Middle School and the Veterans Park Academy for the Arts.

The Innovation School, a major construction project yet to come, includes a partnership with Florida Gulf Coast University, which is slated for Treeline Avenue near Daniels Parkway with a tentative opening date of August 2024.

“The Innovation School has set aside funds for this year to begin design (phase) and construction over the next two years”, Spicker said.

The Innovation School will be a K-8 campus with 1,300 to 1,600 student places. The estimated cost, according to a school board meeting in March, is $ 75 million.

The school’s vision, according to that same board meeting, is to inspire motivation through better teaching practices that include critical thinking and collaboration.

Riverdale High School is undergoing a major addition and renovation, which will include a new science building, gymnasium, as well as an expanded kitchen and cafeteria, and new parking for students.

“Thanks to this project, all the laptops on this campus will no longer be needed. This eliminates the need for laptops on this campus ”, he said.

A few years ago, Riverdale High School was the largest school in the district. Spicker said they had reduced the school’s population, though still large, that it would be easier to get the job done because they can move students to sections that aren’t being renovated.

G. Weaver Hipps Elementary School received a new roof from sales tax revenues. He said a brand new pre-K center is also underway and construction will begin next year.

Other East Zone projects include safety upgrades at Varsity Lakes Middle School due to unsafe walking for students along a long access road. Spicker said concrete barriers were put in place to separate students from traffic.

The second phase of the improvements, which will begin during the winter break, includes increased traffic flow for buses as there will be different exits and entrances.

Sales tax revenue has also enabled many safety improvements in the Eastern Zone. They include such things as entrance security and patching concrete uneven.

Lots of covered walkways have also been added to keep students dry if they are in laptops or in unconnected buildings, parent pickup and bus ramps. These improvements took place at Harns Marsh Elementary School and the Veterans Park Academy for the Arts.

Tech upgrades include every elementary school student with a Chrome book assigned to them, funded by sales tax. Surveillance systems have also been updated in schools by increasing the number of cameras to eliminate blind spots.

Spicker said an entire campus can be monitored, having both an eye on the campus and an area when responding to a situation.

Improvements in schools can be followed on the “change to change” Web page https://www.leeschools.net/our_district/change_for_change.


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Wolters Kluwer Regulatory Compliance, Tax Experts to Host Webinar Exploring New Cryptocurrency Tax Reporting Rules https://montgomeryhomestead.com/wolters-kluwer-regulatory-compliance-tax-experts-to-host-webinar-exploring-new-cryptocurrency-tax-reporting-rules/ Mon, 22 Nov 2021 14:02:05 +0000 https://montgomeryhomestead.com/wolters-kluwer-regulatory-compliance-tax-experts-to-host-webinar-exploring-new-cryptocurrency-tax-reporting-rules/ Compliance solutions to provide key considerations, insight to brokers and the investment community Wolters Kluwer Compliance Solutions is set to host a webinar focused on exploring the new U.S. cryptocurrency tax reporting rules and their impact. The webinar, “Understand the new cryptocurrency reporting rules and their impact on brokers and financial institutions, ” will take […]]]>

Compliance solutions to provide key considerations, insight to brokers and the investment community

Wolters Kluwer Compliance Solutions is set to host a webinar focused on exploring the new U.S. cryptocurrency tax reporting rules and their impact. The webinar, “Understand the new cryptocurrency reporting rules and their impact on brokers and financial institutions, ” will take place from 3 p.m. to 4 p.m. EST on Tuesday, December 7, 2021.

President Biden’s recently enacted infrastructure law explicitly requires IRS Form 1099-B to report gross proceeds and tax on a cost basis for U.S. sales of digital assets, including crypto currencies, effective from the start of returns due in 2024. An overview of this new requirement and significant initial implications will be provided, and other tax developments in virtual currency will also be discussed, time permitting.

Wolters Kluwer Compliance Solutions representatives on the webinar are Stevie Conlon, vice-president, tax and regulatory advisor; Anna Vayser, Product Manager, Securities Transactions Investment Compliance Solutions; and Robert Schwaba, Director, Specialized Advisory, Tax and Regulation. Participants have co-authored a number of cryptocurrency-related tax articles since 2018.

“Cryptocurrencies and other digital assets present an array of challenges as well as new opportunities in today’s financial services landscape,” said Steve meirink, Executive Vice President and General Manager, Wolters Kluwer Compliance Solutions. “It is essential that brokers, investors and all other market participants are fully aware of tax reporting protocols and the changing tax and regulatory landscape in order to remain fully compliant. ”

Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to insurers, banks, credit unions and securities firms in the United States. The company, which is part of the Governance, Risk and Compliance (GRC) division of Wolters Kluwer, helps these financial institutions to effectively manage the risks and regulatory compliance obligations, and to obtain the information necessary to better serve their customers and develop their business.

Wolters Kluwer’s GRC division offers a range of expert solutions to help financial institutions manage regulatory obligations and risks. Wolters Kluwer Compliance Solutions eOriginal® specially designed digital lending solutions, for example, help lenders digitize their transactions and offer electronic signatures, collateral authentication and an electronic safe. Compliance Solutions ” OneSumX® for Regulatory Change Management Track regulatory changes and organize them to create structured, value-added content through a single data flow coupled with an easy-to-use software solution. Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR), meanwhile, is a global market leader in providing integrated regulatory compliance and reporting solutions. The division’s legal solutions activities are Wolters Kluwer CT Corporation and Wolters Kluwer ELM Solutions.

About Wolters Kluwer Governance, risk and compliance

Governance, Risks & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to ensure compliance with evolving regulatory and legal obligations, manage risk, increase efficiency and drive better business results. GRC offers a portfolio of technology expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.

Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the healthcare, tax and accounting, risk and compliance, finance and legal industries. Wolters Kluwer achieved 2020 annual sales of 4.6 billion euros. The company, headquartered in Alphen aan den Rijn, The Netherlands, serves customers in more than 180 countries, maintains operations in more than 40 countries and employs 19,200 people worldwide.


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Watch Now: Amherst Educators Call on Supervisors to Support New Auditorium and High School Upgrades | Latest titles https://montgomeryhomestead.com/watch-now-amherst-educators-call-on-supervisors-to-support-new-auditorium-and-high-school-upgrades-latest-titles/ Sat, 20 Nov 2021 23:00:00 +0000 https://montgomeryhomestead.com/watch-now-amherst-educators-call-on-supervisors-to-support-new-auditorium-and-high-school-upgrades-latest-titles/ Emmert, who addressed supervisors in the public comments, said surrounding communities have larger auditoriums, more extensive stages and designated classrooms for the performing arts. “With every production we find ourselves awkwardly trying to help disabled people sit or stay in the back of the auditorium because there is no wheelchair accessibility,” said Emmert. “During my […]]]>

Emmert, who addressed supervisors in the public comments, said surrounding communities have larger auditoriums, more extensive stages and designated classrooms for the performing arts.

“With every production we find ourselves awkwardly trying to help disabled people sit or stay in the back of the auditorium because there is no wheelchair accessibility,” said Emmert. “During my stay here there were some updates with paint, additional lighting, new curtains, new sound equipment. But the biggest problem cannot be solved with a bandage. We need more space.

She said in a production of “The Little Mermaid” in 2019 that one of the main characters of a boat on stage had to lean forward to avoid hitting a light above the stage, an example of current conditions cramped. She asked the board of directors to contribute to a project that has been a need for over two decades.

“It’s time to support us, the community and your constituents,” Emmert told supervisors.

Amherst County High School graduate Kelsie Saunders also spoke in support of the project during the supervisors’ public comment session.

“Patricia Emmert puts some magic on this stage, and think about what she could do if she had more to give to the students,” Saunders said.

Arnold said a new food court and a common area at the new entrance would serve many functions.


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OC Council Approves Provisional Budget Without Tax Increase | Cover page https://montgomeryhomestead.com/oc-council-approves-provisional-budget-without-tax-increase-cover-page/ Fri, 19 Nov 2021 09:00:00 +0000 https://montgomeryhomestead.com/oc-council-approves-provisional-budget-without-tax-increase-cover-page/ Members of the petroleum city council on Thursday approved the first reading of the city’s provisional budget for 2022. The spending plan is balanced and does not include a tax increase. kAm% 96 Sae[hc_[bf_ 3F586E <66AD E96 AC@A6CEJ E2I =6GJ 2E “]ha>: == D[ 2 C2E6 E92E EC2?D=2E6D :?E@ 2 E2I 3:== @7 S“]ha @? […]]]>

Members of the petroleum city council on Thursday approved the first reading of the city’s provisional budget for 2022.

The spending plan is balanced and does not include a tax increase.

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A minimum corporate tax would ensure that everyone pays their fair share https://montgomeryhomestead.com/a-minimum-corporate-tax-would-ensure-that-everyone-pays-their-fair-share/ Wed, 17 Nov 2021 19:30:09 +0000 https://montgomeryhomestead.com/a-minimum-corporate-tax-would-ensure-that-everyone-pays-their-fair-share/ The Biden administration has proposed a comprehensive agenda that will help tackle climate change, create an economy of shared prosperity, and reduce the many inequalities in our society. These are the things that matter to the average American – child care, access to community colleges, universal broadband, expanded health care for the elderly, and more. […]]]>

The Biden administration has proposed a comprehensive agenda that will help tackle climate change, create an economy of shared prosperity, and reduce the many inequalities in our society. These are the things that matter to the average American – child care, access to community colleges, universal broadband, expanded health care for the elderly, and more. It is about changing the policy of which the United States is one of the only seven nations in the world which does not offer paid parental leave. The key question is “How do we pay for everything?” “

Elected officials envisioned a general increase in the corporate tax rate to increase income from the expanded social safety net included in the Build Back Better plan. Instead of passing a one-sided tax hike, which would disproportionately hurt small businesses and sectors that employ people in marginalized communities, Congress should include a minimum corporate tax in the reconciliation agenda. This approach would increase revenue by ensuring giant corporations pay their fair share, without overburdening struggling small businesses and retailers.

Large companies in the United States can often use tax code loopholes, deductions, and exemptions to pay little or no tax, in part because they can afford the large number of lawyers and accountants needed to effectively use any loopholes and reduce their tax payable. This is something that small businesses cannot afford given their small profit margins, and other industries, such as retail, cannot do this because they do not qualify for many deductions. As a result, many companies pay way too much, especially those that also have to pay tariffs on goods, while large companies pay as little as possible – and sometimes nothing at all. An increase in corporate taxes would only worsen this inequity, while a minimum tax would ensure that all businesses pay their fair share.

For example, while an increase in the corporate tax rate would have a negative effect on national retailers, these companies would not be so affected by a minimum tax, since they already pay much more than a rate of 15%. Meanwhile, retailers provide jobs for millions of working class individuals as well as members of underrepresented communities. Retail jobs are often filled by non-white workers, women and young people taking their first jobs, in addition to those with only a high school diploma. These are the Americans who have also been hit hardest by COVID and are exactly the people Democrats campaigned to represent. Unfortunately, these workers risk losing their jobs if the corporate tax rate is increased. This is why a minimum tax rate would be a much more efficient and fair approach.

Fortunately, a minimum tax that would ensure that companies that report more than $ 1 billion in profits to their shareholders pay at least one 15% the tax rate on these profits is being considered as part of the Build Back Better plan. This policy would prevent large companies from paying zero (or less) in taxes, while generating $ 227 billion in income that can be invested in child care, clean energy and improved infrastructure. This, in turn, benefits US companies that are able to increase their competitiveness.

It would also put the United States in line with much of the international community, particularly with the Group of 20 which is officially endorsing – approving a new global minimum tax of 15% to reverse the decline in corporate tax rates around the world for decades.

A minimum corporate tax would be a step in the right direction to achieve a level playing field, especially for industries like the retail sector, which historically pay a lot more taxes than other types of businesses and small businesses that have tight margins. As Democrats continue their work on finalizing the Build Back Better plan, we hope they will keep in mind the workers who depend on these jobs to support their families by supporting a minimum corporate tax as opposed to to an increase in corporation tax.

Parris Glendening was governor of Maryland from 1995 to 2003.


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