Corporate taxation in the United States

CAS Investment Partners Files Preliminary Proxy Statement to Solicit Votes in Opposition to Sale of At Home Group to Hellman & Friedman

Retrieved on: 
Monday, May 24, 2021

This follows CAS sending a May 16th letter to At Homes Board of Directors (the Board) regarding its opposition to the proposed transaction.

Key Points: 
  • This follows CAS sending a May 16th letter to At Homes Board of Directors (the Board) regarding its opposition to the proposed transaction.
  • Our extensive analysis leads us to believe that a much more realistic valuation is $70 per share or more.
  • We look forward to advocating for stockholders best interests and vigorously opposing what is a seemingly unjustifiable fire sale to H&F.
  • CAS Investment Partners, LLC is a value-focused investment management firm with offices in New York City and Connecticut.

Legg Mason Partners Fund Advisor, LLC Announces Distributions for Certain Closed End Funds Pursuant to their Managed Distribution Policy

Retrieved on: 
Tuesday, May 18, 2021

b'(a) Sources of cumulative fiscal year-to-date distributions are estimated through June 30, 2021.\n(b) Sources of cumulative fiscal year-to-date distributions are estimated through August 31, 2021.\nThe updated estimated components of the distributions announced today will be provided to shareholders of record in a separate notice when the distributions are paid.\nThis press release is not for tax reporting purposes but is being provided to announce the amount of each Fund\xe2\x80\x99s distributions that have been declared by the Board of Directors.

Key Points: 
  • b'(a) Sources of cumulative fiscal year-to-date distributions are estimated through June 30, 2021.\n(b) Sources of cumulative fiscal year-to-date distributions are estimated through August 31, 2021.\nThe updated estimated components of the distributions announced today will be provided to shareholders of record in a separate notice when the distributions are paid.\nThis press release is not for tax reporting purposes but is being provided to announce the amount of each Fund\xe2\x80\x99s distributions that have been declared by the Board of Directors.
  • In early 2022, after definitive information is available, each Fund will send shareholders a Form 1099-DIV, if applicable, specifying how the distributions paid by each Fund during the prior calendar year should be characterized for purposes of reporting the distributions on a shareholder\xe2\x80\x99s tax return (e.g., ordinary income, long-term capital gain or return of capital).\nLegg Mason Partners Fund Advisor, LLC, is an indirect, wholly-owned subsidiary of Franklin Resources, Inc. (\xe2\x80\x9cFranklin Resources\xe2\x80\x9d).\nFor more information about the Funds, please call 1-888-777-0102 or consult the Funds\xe2\x80\x99 web site at www.lmcef.com .
  • Hard copies of the Funds\xe2\x80\x99 complete audited financial statements are available free of charge upon request.\nData and commentary provided in this press release are for informational purposes only.
  • Franklin Resources and its affiliates do not engage in selling shares of the Funds.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210518005506/en/\n'

Kona Gold Beverage, Inc. Receives $250,000 Purchase Order from New Vendor

Retrieved on: 
Tuesday, May 11, 2021

The purchase order, which came in from a new vendor, and is for the Company\'s Ooh La Lemin Lemonade, is approximately $250,000.

Key Points: 
  • The purchase order, which came in from a new vendor, and is for the Company\'s Ooh La Lemin Lemonade, is approximately $250,000.
  • These revenue projections did not include additional large partnership deals such as this purchase order, which could take second quarter revenues much higher.
  • The Company will keep shareholders up-to-date regarding execution of this deal and other deals as they come to fruition.\nFor more information regarding Kona Gold Beverage, please visit:\nKona Gold Beverage, Inc., a Delaware corporation, has created wholly-owned subsidiaries, Kona Gold LLC, HighDrate, LLC, and Gold Leaf Distribution, LLC.
  • Kona Gold, LLC has developed a premium Hemp-Infused Energy Drink line; please visit its website at www.konagoldhemp.com .

Biden Tax Proposal Could Boost Tax Master Network's Core Service

Retrieved on: 
Thursday, May 6, 2021

b'CINCINNATI, May 6, 2021 /PRNewswire/ -- Financial Gravity Companies Inc. (OTCQB: FGCO) announced that the corporate tax increase included in President Biden\'s $2 trillion infrastructure package, could juice even more demand for their subsidiary Tax Master Network\'s tax planning service.

Key Points: 
  • b'CINCINNATI, May 6, 2021 /PRNewswire/ -- Financial Gravity Companies Inc. (OTCQB: FGCO) announced that the corporate tax increase included in President Biden\'s $2 trillion infrastructure package, could juice even more demand for their subsidiary Tax Master Network\'s tax planning service.
  • "This bill affects every business operating as a C corporation or including a C corporation in their entity mix.
  • "\nIn April, Biden announced plans to raise the corporate tax rate from 21% to 28%.
  • Members enjoy several SAAS-based planning and client contact tools, plus a comprehensive suite of marketing, sales, and technical tax training resources.

Thomas J. Kent Jr., Chairman & C.E.O of Kent Global LLC, Frames JOINT VENTURE PARTNERSHIPS WITH REAL ESTATE DEVELOPERS AROUND THE WORLD

Retrieved on: 
Tuesday, May 4, 2021

b'NEW YORK, May 04, 2021 (GLOBE NEWSWIRE) -- Kent Global LLC has formulated joint venture partnerships with real estate developers from around the world.

Key Points: 
  • b'NEW YORK, May 04, 2021 (GLOBE NEWSWIRE) -- Kent Global LLC has formulated joint venture partnerships with real estate developers from around the world.
  • The Kent Global LLC\xe2\x80\x99s network embraces the universe of private equity, family offices and angle investors capable of building 50/50 partnerships for virtually any type of real estate project globally.\nThomas J. Kent Jr., C.E.O.
  • of Kent Global LLC, says his firm serves private clients with projects in North America, South America and Europe.
  • To which, Mr. Kent looks forward to working with and creating win-win solutions for all concerned.\n'

NCLA Cries Foul on CFPB Final Rule that Doubles Down on Unlawful Eviction Moratorium Policy

Retrieved on: 
Tuesday, May 4, 2021

NCLA represents The Property Management Connection LLC, attorney Gordon Schoeffler, and the National Association of Residential Property Managers.

Key Points: 
  • NCLA represents The Property Management Connection LLC, attorney Gordon Schoeffler, and the National Association of Residential Property Managers.
  • The CFPB rule is an unlawful agency action in violation of the Administrative Procedure Act (APA) because it requires disclosures that are not required under the Fair Debt Collection Practices Act.
  • Two days later, the District Court for the Western District of Tennessee likewise held in Tiger Lily, LLC, et al.
  • that the Halt Order was beyond the scope of CDC\xe2\x80\x99s power and unenforceable in the Western District of Tennessee.

iGrafx Announces Appointment of Andrew McFarland to Chief Executive Officer

Retrieved on: 
Monday, May 3, 2021

b'PORTLAND, Ore., May 03, 2021 (GLOBE NEWSWIRE) -- iGrafx, a world leader in digital business transformation, announced the appointment of Andrew McFarland to Chief Executive Officer, effective immediately.\nAndrew joined iGrafx in October 2020 as Chief Customer Officer, bringing more than 25 years\xe2\x80\x99 experience in executive leadership.

Key Points: 
  • b'PORTLAND, Ore., May 03, 2021 (GLOBE NEWSWIRE) -- iGrafx, a world leader in digital business transformation, announced the appointment of Andrew McFarland to Chief Executive Officer, effective immediately.\nAndrew joined iGrafx in October 2020 as Chief Customer Officer, bringing more than 25 years\xe2\x80\x99 experience in executive leadership.
  • It is also the most scalable, currently accommodating the largest, global enterprise requirements.
  • iGrafx possesses and shares 400+ years of process passion.\n\xc2\xa92021 iGrafx, LLC.
  • iGrafx and the iGrafx logo are trademarks or registered trademarks of iGrafx, LLC.\n'

DEADLINE ALERT: Kaskela Law LLC Announces Important Deadline in Shareholder Class Action Lawsuit Against Plug Power Inc. (PLUG) and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

Retrieved on: 
Saturday, April 24, 2021

b'PHILADELPHIA, April 24, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Plug Power Inc. (\xe2\x80\x9cPlug Power\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) (NASDAQ: PLUG) on behalf of investors who purchased shares of the Company\xe2\x80\x99s stock between November 9, 2020 and March 1, 2021, inclusive (the \xe2\x80\x9cClass Period\xe2\x80\x9d).\nIMPORTANT DEADLINE: Investors who purchased Plug Power\xe2\x80\x99s securities during the Class Period may, no later than May 7, 2021, seek to be appointed as a lead plaintiff representative in the action.\nPlug Power investors who suffered an investment loss in excess of $100,000 are encouraged to contact Kaskela Law LLC Kaskela Law LLC (D. Seamus Kaskela, Esq.)

Key Points: 
  • b'PHILADELPHIA, April 24, 2021 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that a shareholder class action lawsuit has been filed against Plug Power Inc. (\xe2\x80\x9cPlug Power\xe2\x80\x9d or the \xe2\x80\x9cCompany\xe2\x80\x9d) (NASDAQ: PLUG) on behalf of investors who purchased shares of the Company\xe2\x80\x99s stock between November 9, 2020 and March 1, 2021, inclusive (the \xe2\x80\x9cClass Period\xe2\x80\x9d).\nIMPORTANT DEADLINE: Investors who purchased Plug Power\xe2\x80\x99s securities during the Class Period may, no later than May 7, 2021, seek to be appointed as a lead plaintiff representative in the action.\nPlug Power investors who suffered an investment loss in excess of $100,000 are encouraged to contact Kaskela Law LLC Kaskela Law LLC (D. Seamus Kaskela, Esq.)
  • at (484) 258 \xe2\x80\x93 1585, or by email at [email protected] or online at https://kaskelalaw.com/case/renewable-energy-group-inc/ , to discuss this opportunity to actively participate in the action.\nAccording to the complaint, on March 2, 2021, Plug Power filed a Notification of Late Filing with the SEC disclosing that it could not timely file its annual report for the period ended December 31, 2020 because the Company was completing a \xe2\x80\x9creview and assessment of the treatment of certain costs with regards to classification between Research and Development versus Costs of Goods Sold, the recoverability of right of use assets associated with certain leases, and certain internal controls over these and other areas.\xe2\x80\x9d The Company also disclosed that \xe2\x80\x9c[i]t is possible that one or more of these items may result in charges or adjustments to current and/or prior period financial statements.\xe2\x80\x9d Following this news, shares of the Company\xe2\x80\x99s stock fell $13.26 per share, or over 25% in value, over the following trading days to close at $39.30 on March 5, 2021.\nFor additional information about this action please contact Kaskela Law LLC.
  • Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation.
  • For additional information about Kaskela Law LLC please visit www.kaskelalaw.com .\n'

Purchasing Power® Completes $175 Million Asset-Backed Securitization

Retrieved on: 
Tuesday, April 20, 2021

b'ATLANTA, April 20, 2021 /PRNewswire/ --Purchasing Power, LLC, a voluntary benefit fintech company that offers the leading employee purchase program through the convenience of payroll deduction, announced today it closed a $175.34 million securitization.

Key Points: 
  • b'ATLANTA, April 20, 2021 /PRNewswire/ --Purchasing Power, LLC, a voluntary benefit fintech company that offers the leading employee purchase program through the convenience of payroll deduction, announced today it closed a $175.34 million securitization.
  • Purchasing Power is majority owned by Flexpoint Ford, which acquired the business in 2016.
  • Helping employees achieve financial flexibility, Purchasing Power is available to millions of people through large companies including Fortune 500s, associations and government agencies.
  • A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.\nPurchasing Power is a registered trademark of Purchasing Power, LLC.\n'

Bloomberg Tax & Accounting Announces Updates to Corporate Tax Analyzer

Retrieved on: 
Monday, April 19, 2021

b'ARLINGTON, Va., April 19, 2021 /PRNewswire/ --Bloomberg Tax & Accounting today announced updates to Corporate Tax Analyzer to reflect tax law changes and guidance through September 15, 2020.\nCorporate Tax Analyzer continues to provide value to Bloomberg Tax & Accounting customers in handling complex tax rules.\nThe most recent updates include global intangible low-taxed income (GILTI) and foreign-derived intangible income (FDII) provisions of the Tax Cuts and Jobs Act of 2017.

Key Points: 
  • b'ARLINGTON, Va., April 19, 2021 /PRNewswire/ --Bloomberg Tax & Accounting today announced updates to Corporate Tax Analyzer to reflect tax law changes and guidance through September 15, 2020.\nCorporate Tax Analyzer continues to provide value to Bloomberg Tax & Accounting customers in handling complex tax rules.\nThe most recent updates include global intangible low-taxed income (GILTI) and foreign-derived intangible income (FDII) provisions of the Tax Cuts and Jobs Act of 2017.
  • Additionally, the Taxpayer Certainty and Disaster Tax Relief Act of 2020 has been incorporated.\nCorporate Tax Analyzer automates and manages complex federal corporate income tax attributes over multiple years and across multiple scenarios to enable "what if" analysis and comparisons.
  • It allows users to achieve new efficiencies by calculating, tracking, and analyzing federal and corporate income tax attributes including net operating losses, carryforwards, and carrybacks.\n"Corporate Tax Analyzer continues to provide value to Bloomberg Tax & Accounting customers in handling complex tax rules and streamlining workflows," said Evan Croen, vice president, Bloomberg Tax and Accounting.
  • "We will continue to release updates and enhancements to Corporate Tax Analyzer to ensure users have access to the latest tax law changes and guidance.