The news that PG&E agreed to a $13.5 billion fire settlement with lawyers for victims means that plaintiffs are a step closer to getting compensated. But there are conditions, including approval from the Bankruptcy Court. Even assuming that court approval comes, there are big mechanics to work out too. Most big settlements of this nature
Taxes
WATERLOO, IOWA, DECEMBER 5, 2019: Presidential candidate Joe Biden addresses supporters.-(Photo … [+] credit should read Preston Ehrler / Echoes Wire / Barcroft Media via Getty Images) Barcroft Media via Getty Images When I heard that Democratic presidential hopeful Joe Biden was proposing to raise taxes by $3.2 trillion over 10 years, I flashed back
Joe Myszka, a partner at DLA Piper, discussed the proposed rules on cloud computing transactions with Tax Notes legal reporter Kristen Parillo. Read the podcast transcript below. This post has been edited for length and clarity. David Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: Regulating the Cloud. Earlier this year, Treasury and the IRS issued
Getty In 2015 and again in 2018, I wrote about the Social Security Administration (SSA) defrauding, whether intentionally or not, large numbers of widows and widowers (henceforth widows) out of tens to hundreds of thousands of dollars. The fraud was brought to my attention by a Social Security whistle blower — John McAdams. John works
The days of traditional pensions are coming to an end as companies continue turning to 401(k)s for employee retirement plans. Some members of today’s workforce, mostly Generation X and older, were lucky to be enrolled in blue-chip pension plans before they were no longer offered. However, new pension access has plummeted to 4% of the
Getty Public and private organizations often implement labor-intensive policies and procedures to govern interactions between related parties. These compliance requirements frequently sacrifice administrability in favor of precision. Let’s say that the finance director of a U.S.-based multinational’s foreign distributor needs to lower the transfer prices on its intercompany inventory imports. The local currency has declined
“Pay me next year” requests are common with employers, suppliers, vendors, customers, and more. This time of year, many people ask for payment in January. You probably assume you can’t be taxed until you receive money. Actually, though, if you have a legal right to payment but decide not to receive it, the IRS can still tax you now, even
Leaning foreclosure sign in front of a modern single family home on a cloudy cold day Getty $8.41. That was how much 83-year-old Uri Rafaeli, a retired engineer, in Michigan underpaid his property taxes by in 2014. That was all it took for him to lose his house. Rafaeli bought a 1,500-square-foot Southfield home in
Share to facebook Share to twitter Share to linkedin With the market near records, many stocks have surged as well. Getty Topline: Wall Street cheered the release of November’s blockbuster jobs report on Friday, helping the market recover its trade-war-related losses from earlier in the week and putting a number of major stocks at new
Share to facebook Share to twitter Share to linkedin Trade news will make or break the market’s December rally. Scott Heins/Getty Images Topline: Wall Street is rallying on the back of solid economic data, with Friday’s blockbuster jobs report showing that the labor market is still a bright spot for the U.S. economy, which could