Overview of How the “Pandora Papers” Exposed the Dark Side of Offshore Investments

Currently, there’s a growing clamor to put an end to the financial secrecy that enables many prominent personalities to hide their wealth from tax authorities. The outcry is a result of the report released last October 03, 2021 (Sunday) by the International Consortium of Investigative Journalists (ICIJ) that exposed how the world’s richest people, prominent public officials and other well-known personalities used offshore investments to dodge payment of billions of taxes over the past twenty-five years or so.

Dubbed as the “Pandora Papers,” the expose` also pointed to the tax havens and wealth managers as the enablers of the tax evaders who deprived their respective country trillions of dollars of funds that could have helped governments build infrastructures to fight climate change and to reduce poverty levels.

Will the “Pandora Papers” Spur Tax Reforms Similar to the G20 Global Tax on Corporations?

While there is currently a move launched by the G20 coalition to end the international tax competition being leveraged by tax havens, the outcome will affect only corporate organizations that transfer half of their profits in offshore accounts. G20 by the way is also known as the Group of Twenty but comprised by more than 20 countries as the organization includes the members of the European Union,

In July of this year, the group passed a resolution to implement an international tax reform of instituting a minimum global corporate tax of 15%. The purpose of which is to eradicate the low tax rates used by tax havens in attracting big corporations to transfer huge portions of their profits in offshore accounts.

The Revelations of the “Pandora Papers” Have Broader Implications

The revelations of the “Pandora Papers” have broader implications as they unraveled long time perpetuation of tax evasions involving an assortment of prominent personalities. They hide their true wealth in offshore accounts and investments by using shell corporations. The calls for actions not only pertain to tax reforms but also include demands for investigations, explanations about the sources of undeclared and unexplained wealth and where applicable, resignation from current position as political leaders.

Actually, massive documents supporting the “Pandora Papers” have been leaked as proof of how politicians, internationally famous celebrities, prominent religious leaders and even drug dealers, use shell companies in hiding their wealth. The shell companies are also used in keeping their identities secret when placing their hidden wealth in high return investments .

The most popular are rhe investments offered by hedge fund firms operating in tax haven jurisdictions; usually in the form of real estate properties like mansions and summer villas located in exclusive beachfront areas, yachts and other assets like precious metals and foreign currencies.

One of the reforms put forward by critics is the maintenance of a global wealth registry to defeat the purpose of using shell companies in hiding wealth not only for tax evasion purposes. It would also put to light the undeclared wealth of politicians and questionable sources of funds linked to religious leaders.

University of California, Berkeley economist Gabriel Zucman who delves in the study of disparity of income and taxes, recommends one simple solution, which is that of banning shell corporations that are distinguishable as entities with no economic substance whatsoever,

According to federal policy director Steve Wamhoff of Washington D.C.’s Institute on Taxation and Economic Policy, the “Pandora Papers” is all about exposing individuals using tax havens for the sole purpose of evading taxes.

That being said, such individuals malign the integrity of offshore investments as viable investment diversification options as a means of reducing the volatility of investment portfolios.

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Biden Administration To Reduce Homeless Population via the “House America” Program

White House Press Secretary Jen Psaki recently announced the Biden administration’s “House America” initiative in bringing down the rate of homelessness, occurring throughout the country. Ms. Psaki mentioned that “House America” will be calling on state and local leaders to help in the attainment of ambitious goals that aim to reduce the size of the country;s homeless population.

The related government agencies will ask officials of states, counties, and cities to pledge their participation in suppressing homelessness. In return, the federal government will furnish them financial support and other resources to use in working toward the achievement of two important goals: . The federal government will be giving support and guidance in attaining two goals:

  • Build new affordable units for those who are on the point of becoming homeless and;
  • Provide permanent housing for homeless individuals.

List of Local and State Leaders Who Have Aready Pledged Commitment to the “House America” Program

Currently, several mayors and state governments have a;ready [ledged their commitment to participate in the federal government’s “House America”, namely:

  • The mayors of Austin, Oakland, Washington, D.C., and Seattle;
  • The governors of California and Maine to which the first to put in place policy for the homelesness reduction initiatives are Los Angeles Mayor Eric Garcetti together with Holly Mitchelln the LA County Supervisor and Chuck Hoskin Jr, the Principal Chief of the Cherokee Nation.

The ambition is to have a repeat the success of the Obama’s administration;s 2016 campaign in curbing veteran homelessness by 50%. During that time, around 800 city mayors and county executives worked hand in hand with the federal government to achieve the goal.

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Planning And Financing Your Home

Growing old within your own four walls in a familiar environment is still the ideal idea of ​​retirement for most people. The old people’s home is at least an adequate substitute for their own home.

Real estate Smithfield: How to finance your project?

First of all, good advice helps. Because just like the new home, the construction financing should also be tailored to your personal needs, wishes and possibilities and precisely planned. For professional advice, real estate smithfield can definitely help.

Since the financing of a property is usually a long-term affair, builders should consider appropriate follow-up financing right from the start. They should ideally secure the currently low-interest rates for the follow-up loan from the outset.

Real estate Smithfield: Choose the right location

Short distances to shops, doctors and nursing services are important criteria for a suitable place of residence. Ideally, these are within walking distance or can be easily reached by public transport. Thus, you may not need your own car. And those who include their social environment in the planning from the outset can also benefit from mutual help.

Once a suitable location has been selected, the actual construction begins. You should first consider which type of house is most suitable for you. There are basically no restrictions on the choice whether city villas, single-family houses or bungalows can be designed according to age. Nevertheless, the bungalow is still most closely associated with barrier-free living. The ground-level construction means that steps are largely superfluous.

real estate smithfield

Real estate Smithfield: Pay attention to easy access

When planning your new home, you should not only think about an age-appropriate room layout. You should consider a suitable floor plan for barrier-free. In other words, you should consider trip-free outdoor facilities and access roads. The parking space for the car should be large enough that you can comfortably get on and off as well as load and unload even when you are retired.

It is advisable to avoid steps, stairs, thresholds and other tripping hazards as far as possible. Do you want to pay attention to non-slip material and good lighting of the access roads? By choosing non-slip materials for paving stones and pavement slabs, you will ensure that your building is age-appropriate in this regard as well.

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3 Job Positions You Can’t Apply for with a Bad Credit

Job Interview


Are you currently in search of greener pastures or just feel prepared for a new career challenge? If this is that’s the case, it does not hurt to get great credit, as some companies pull an edition of applicants’ credit accounts through the application procedure as part of background analysis.

For jobs that require a national government security clearance or access to government centers, as an instance, drawing a credit report is crucial. And if a credit score report becomes pulled, it’d better be pristine (not just being able to buy an iPhone with bad credit), which means you lose out to the occupation as a result of your bad credit history.

Following is a peek at some tasks that need solid credit so as to receive your foot in your doorway.

1. Security clearance jobs

Military staff, IT professionals… lots of jobs need government security clearance, and also in case you are applying for a single, a credit score report test is usually likely to occur. Even though your general wellness or FICO score isn’t pertinent to an adjudicator to get a desktop investigator, Marko Hakamaa, a contributor to safety career networking website ClearanceJobs.com stated through email, “your background of being fiscally accountable and paying agreed-upon lawful and only debts” is vital. The motive: “That is really a manifestation of an individual’s honesty and trustworthiness,” he explained.

If that is insufficient reason to operate on constructing your own credit, Stephanie Benson, general director of ClearanceJobs.com, included that “routine credit reports are also pulled for present clearance holders because of part of this continuous monitoring procedure.” Therefore, in the event that you’ve allowed your own charge slip, now is the opportunity to get things in order.

2. Financial broker

Your great credit history is much more than a ticket to reduce mortgage rates and travel reward cards. Additionally, it may enable you to evaluate a profession in the high-stakes realm of financing. That is based on the Financial Regulatory Authority (FINRA), which requires potential candidates to be evaluated. FINRA was inaccessible for immediate remark, but a note issued in March 2015 states:

“FINRA Rule 3110 (electronic) requires that every member company determine by research the fantastic character, business reputation, qualifications and expertise of a candidate prior to the company applies to enroll that candidate with FINRA and prior to building a representation to this effect about the application for enrollment.”

Information revealed on the company’s Form U4 is utilized to determine whether a candidate ought to be researched or might pose “a regulatory danger of the company and clients,” FINRA adds. “Businesses also might want to think about personal background checks, credit reports, and reference letters for this intention.”

3. Mortgage officer

Even though Joe Parsons, a senior loan officer in PFS Financing at Dublin, California, hasn’t heard of anybody being denied a permit solely due to their charge, he can “believe authorities are searching for proof of fraudulent activity which may appear to a credit history as decisions,” he said through email. Therefore, yes, mortgage applicants are accredited now below the National Mortgage Licensing System as a part of the procedure entails a criminal history check and credit report,” Parsons stated.


ALSO READ: Cut and Dried Wealth Managers Face Tough Financial Planning Challenges Starting 2021


The keys to good credit

When searching for the tasks we have recorded, you are going to need your own credit to seem as professional and polished as your own resume. So how can you take action? By focusing on the way your spending habits affect your charge — you can see two of your own credit scores for free on Credit.com — and knowing what is necessary to develop good credit. Following is a fast look at what goes on your credit score.

Payment background

Also called your payment operation, your repayment history is worth 35% of these points on your credit rating also refers to this document you have created of paying bills in time. If creditors report that you have missed several statements on the credit reporting bureaus, you are able to ensure that info can probably move onto your credit history and ding credit own score.

Quantity of credit

Credit use — this is, the quantity of credit you are using as opposed to total available revolving credit limitations — accounts for nearly 30 percent of those points on your credit rating. If a debt is closing in on this credit limitation, or worse still, accomplishes this, your charge might be in trouble. Bear in mind, the lower your ratio, the greater your score. Additional debt, for example, receptive or installation debt, may also negatively affect your credit when you are not handling it sensibly or it is excessive.

Kinds of reports

In student loans into charge cards, it is beneficial to have a wholesome set of accounts (also called a “credit combination”) on your credit report. In reality, whether you own many different accounts may affect almost 10 percent of those points on your credit rating.

History of looking for credit

Value 10 percent of those factors on your credit score, as that part of your credit report, assess your history of queries, or that which occurs anytime somebody catches your credit report. When you submit an application for financing or pre-qualify to get a loan, for example, a question articles to your credit score. If you go searching for credit a good deal, you will probably be regarded as a high risk to creditors.

Age of balances

Some folks prefer to state age isn’t anything more than a few. However, in the area of charge, it describes the era of this data in your credit history, and it matters a good deal. Worth 15 percentage of those things on your credit report, the older your background, the higher your score.


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Biden Says Bipartisan Deal on Infrastructure Funding Reached

After meeting with several Republican senators last month, POTUS Joe Biden announced a bipartisan deal that works toward the passing of the infrastructure bill. Biden candidly mentioned that although they had arrived at a bipartisan deal that did not give him all that he wanted, he said the GOP senators gave more that what they were originally inclined to offer as their commitment.

According to the members of the group, the agenda was mainly about the funding for the package to which a framework has been agreed upon. It included a proposed amount of $579 billion in new spending, and an almost $1 trillion funding that will be spent during a five-year period. There’s also an option to increase funding to $1.2 trillion but to be spread across eight years.

Republican Sen. Susan Collins told reporters that discussions delved mostly on the scope, the costs and the method of paying for the such costs. Senator Collins added that although the three items were not easy to be agreed to, doing so was necessary.

Agreement Over Proposed Funding for the Entire Infrastructure Package

The White House has released details related to the proposed new funding, which will be financed using the money gained from reducing fraud in unemployment insurance as well as from the unused unemployment relief package from last year’s emergency relief bill and from “tax gaps”.

In addition, other funding sources would come from the following:

  • State and local investments in broadband infrastructure;
  • 5G spectrum auction proceeds;
  • Extending expiring customs user payments;
  • Reinstating Superfund payments for chemicals
  • Extending “mandatory sequestration”action
  • An estimated sale of the country’s petroleum reserve;
  • Public-private partnerships and private activity bonds;
  • Asset recycling and directly paid bonds for infrastructure investments
  • Resulting macroeconomic impact of Infrastructure improvement investment
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The Effects of Volatile Forex Rates to the Fashion Industry

Forex Trading


Sterling plummeted to some 31-year low from the times following the UK voted June 23 to depart the European Union. Its worth had shrunk marginally to $1.20 and $1.34 now, after news that the former home secretary Theresa May will substitute David Cameron as prime minister.

“It is hard to forecast exactly what the long term consequences will be,” explained Asos chief executive Nick Beighton before now, later revealing that earnings rose 30 percent on year for the following four weeks on June 30.

“In the medium term, we are anticipating a gain in the market rate. Our costs seem more economical to US and European clients, and we believe that will provide us a higher earnings trajectory.” Forex brokers such as Skilling (visit https://www.asktraders.com/broker-reviews/skilling/ to learn more) could use this kind of opportunity to make more gains for their clients.

“The additional earnings will offset any extra input prices,” he added, describing that Asos buys a lot of its raw material, for an example, cotton, in bucks.

Colin Temple, managing director of Schuh, stated the exchange rate wasn’t having an impact “in that time”, however, pointed out that its clients from the Republic of Ireland, purchasing euros, could anticipate costs to be adjusted if the exchange rate persists.


ALSO READ: IRS Warns of New Phishing Scam Targeting Taxpayers with Claims for Tax Refunds


He cautioned that this wouldn’t be a problem for at least a couple of months: “When [the present speed ] is continuing, it is going to influence the cost of gasoline and merchandise, also cost us more. I believe costs would move up, but it’s — it might go another way in a month or two.”

A high street provider advised Drapers: “I do not think you will see much movement in costs before October or November but things might need to grow — there’s not any means that retailers could consume those cost increases, therefore we’ll begin to observe a little bit of inflation.”

Last week, John Lewis managing director Andy Street stated it wasn’t clear however how the volatile exchange rate”will nourish “, including: “it is a significant problem for us to confront into next year.”

Street insisted that there’s been no visible effect from the vote trading up to now, but he confessed any visible slowdown in customer spending could be a grave issue. “Whatever people wondered that, has it really changed behavior? That is what we will need to view.”

The following day, a poll by market research company GfK showed consumer confidence nosedived from the referendum’s aftermath. Fashion is one of the vulnerable businesses as anxious customers cut back on spending it discovered.


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IRS Warns of New Phishing Scam Targeting Taxpayers with Claims for Tax Refunds

Last week, the IRS warns about a phishing scam that has been on college students and staff of educational institutions expecting to receive pending tax refunds, The warning was published last week after the tax agency received reports that government’s phishing@irs.gov email received numerous complaints related to impersonation scams that have been generally targeting persons whose email addresses with “.edu”.

How the Tax Refund Phishing Scam is Being Perpetuated

Using fake emails supposedly coming from the tax agency, which included logos to make their messages more believable, scammers sent notices that made references to “Recalculation of your tax refund payment.” and “Tax Refund Payment”. The fake email also asked the recipients to click on a link to a fake website where they will fill out the necessary info to facilitate the processing of their claims for a tax refund.

In filling out the form, the victims were required to provide the usual personal information like first and last name, present address complete with info about city and state, postal code and date of birth, Since the form looked legitimate, the victims were also dupped into providing their Prior Year Annual Gross Income (AGI), Social Security Number, Driver’s License and IRS Electronic Filing PIN.

While other taxpayers might also receive this kind of emails,the IRS warns not to click on the link in the email but instead report it to the government agency. They can also save the email and simply forward it to phishing@irs.gov since the investigators from the IRS Criminal Investigation and from the Treasury Inspector General for Tax Administration (TIGTA) are already looking into this latest phishing scam..

Action That Refund Victims Have to Take

In order to prevent the scammers from having unauthorized access to the IRS accounts that were compromised as a result of the phishing scam, the IRS recommends for the victims to immediately acquire an Identity Protection (IP) PIN.

An IP PIN can prevent identity thieves from filing fraudulent tax returns using the victim’s name, as it requires a different set of a six-digit password. Taxpayers who believe they still have a pending tax refund to claim, can check the status of their claim through the IRS website via the “Where’s My Refund?”/Refund page.

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Tesla’s $1.5 Bitcoin Investment Sparked Greater Interest for Bitcoin Mining

In an SEC filing last Feb. 08, Elon Musk’s Tesla stated investing $1.5 billion in bitcoins, in line with the company’s future plans of accepting BTC payments. Naturally, Tesla’s move had further boosted bitcoin’s price, bringing it to a record high of $46,800. This new development has sparked greater interest in bitcoin mining, being a more affordable approach to increasing one’s crypto assets. However, those new to bitcoin are unaware that such development is also expected to further increase difficulty in mining the world’s most popular cryptocurrency.

While learning to mine bitcoins may be easy, there is more to understand about cryptocurrency mining since the industry has grown more complex in all aspects. Given that there are now ASICS bitcoin machines powerful enough to carry out 1012 conjectures per second in solving a block of bitcoin hashes, the machine will be working amidst a greater level of mining difficulty.

Increased Participation in Bitcoin Activities Impact Mining Difficulty

First off, one should understand that mining difficulty indicates a measure of toil and struggle that miners face when looking for blocks that can earn them a unit of bitcoin as reward. The current bitcoin mining difficulty currently stands at an estimated 20,823,531,150,111 or 20.82T. A high difficulty measure denotes that it is taking bitcoin miners to find and subsequently solve a block of hashes related to a particular bitcoin in circulation.

That being the case, one’s bitcoin mining activities will use a greater amount of electricity, which equates to higher costs; not unless mining is being done in a hydro-powered location where the cost of electricity is relatively lower.

The point is, the greater the difficulty, the lesser the chances of earning a reward. Once related costs are taken into consideration. the lower the profitability of a bitcoin mining business. Besides, ASICS bitcoin mining machines have become more expensive due to increased demand that cannot be met with an immediate supply.

Now there’s another option, called Mining-as-a-Service or MaaS being offered as an alternative approach to bitcoin mining. This option gives smaller scale bitcoin mining operators a chance to grow their business, by having one or more ASICS bitcoin miners at their disposal in exchange for a fee.

A Quick Look at Mining-as-a-Service (MaaS) of the ElevateGroup

The Elevate Group had foreseen that as bitcoin mining becomes more difficult, the small scale bitcoin miners will have fewer opportunities to participate in the cryptocurrency industry’s mining sector. As opposed to cloud mining platforms, the Elevate Group offers customers their pool of bitcoin miners. That way, customers can build their own mining team without having to worry about electrical costs, thermal-controlled environments and equipment maintenance.

According to this MaaS provider, their contract is finite since the duration will be tied to the life of the bitcoin miner (mining machine) working for the customers. The Elevate Group in turn, earns from MaaS contracts by collecting a 20% share of profits earned by each customer.

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Sen. Warren to Continue Pushing for Wealth Tax as Member of Senate Finance Committee

Despite not winning the Democratic presidential nomination, Sen. Elizabeth Warren says she will still push for her radical campaign calls for Wealth Tax.

Last Tuesday, February 02, Senator Warren confirmed that she will soon be joining the Senate Finance Committee. The committee membership is considered a choice assignment since she will have greater ability to push for a tax legislation that will impose levy on amassed wealth amounting to more than $50 million. In fact her announcement served as an ominous warning to the super rich, saying that introducing a WealthTax will her first order of business.

During President Biden’s campaign for presidential nomination, his tax proposal was to raise taxes on households with more than $400,000 in annual earnings, and to hike up the rate of corporate taxes, as well as to make certain modifications on Capital Gains Tax. Despite the contrast, the former Vice President still won the primary elections, relegating Wealth Tax proponents Senator Bernie Sanders and Senator Elizabeth Warren to second and third positions, respectively.

Brief Overview of Senator Warren’s Forthcoming Wealth Tax and Other Legislation Proposals

The Massachusetts senator’s office said that the Wealth Tax she plans on legislating is basically the same as the “two-cent tax” she voiced during her campaign, plus an “additional surtax” that will be imposed on every dollar of wealth exceeding $1 billion. The surtax rate, though, is yet to be determined.

Moreover, Senator Warren promised that she will still continue to push her campaign calls for cancellations of student loans, for changes that will make college education more affordable and for increasing funding for K-12 education. In a related statement, Senator Warren said she will continue to fight for the working families to provide them with meaningful relief, by being a progressive voice in instituting long lasting economic security for struggling American families.

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Trump and Biden Raising Funds for Election Lawsuits but with a Difference

As Trump insists he won the presidential election, his campaign team is raising funds to finance the legal costs of proving he lost due to election fraud. Trump supporters have been receiving emails in which donations are being solicited to financially support the filing of lawsuits filed in several stated to prove Trump won the presidency.

Some Republican voters who received such emails spoke to the press people but on conditions of anonymity. While the emails gave estimates that the anticipated legal costs will amount to as much as $60 to $100 million, the donation page revealed additional information that many supporters found disturbing.

Trump’s Current Fund Raising Drive, a Last Ditch Effort to Fill Campaign Coffers

Apparently, the fundraising emails are last ditch efforts to get hold of money that will cover the unpaid balances of contracts entered by Trump’s campaign team. As stated in fine print in the donation pages, the funds that will be solicited by the Trump campaign will be distributed as follows:

1.  Sixty percent (60%) of every donation that will be collected will be used to pay off unsettled obligations incurred during Trump’s 2020 campaign activities.

2.  The remaining 40% will go to the operations account of the Republican National Committee (RNC).

3.  Any funds remaining after all obligations have been settled, will be the amount that will go to the Legal Proceedings Account of the Republicans, for use in the payment of litigation expenses related to the electoral fraud lawsuits.

Based on the most recent finance reports of federal campaign funds, Trump and his campaign team had access to $60 million dollars in early October. However, in weeks prior to the day of the election, reports have it that Trump’s campaign team had contracted a hefty amount $160 million for television advertisements, which quite obviously, is way above the actual money that was available.

Actually, Trump will likely face more lawsuits once he steps out of the presidential office, and the filing of legal complaints regarding the results of the 2020 election is seen as the only legal means of delaying the transfer of power to President-elect Joe Biden.

Biden Camp is Also Soliciting Similar Donations from Supporters

In fairness, the former president is not the only one who is currently taking actions for the lawsuits. President-elect Biden’s campaign team has also established a new committee called the Biden Fight Fund.

This committee will help shield Biden’s campaign from the lawsuits that Trump and his party are poised to file. Emails have been sent to Biden supporters, encouraging them to donate $25 as aid to the team in constructing legal efforts, which accordingly will work toward making sure democracy will triumph.

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Taxes For Freelancers: Sales Tax

There are many programs available to assist freelancers with bookkeeping. Alternatively, you can hire a tax preparation service to do all the hard work for you.

In addition to income tax, sales tax is an important tax for freelancers and their business. This is levied on almost all goods and services and is, therefore, a value-added tax from an economic point of view. As a freelancer, however, you are not allowed to withhold this additional amount through sales tax but have to pay this sales tax directly to the tax office.

Freelancers and Taxes: Input Tax

For freelancers, the counterpart to sales tax is input tax. Because freelancers who collect sales tax are allowed to offset it with what is known as input tax. This is included in all expenses that were made for your own independence.

The input tax is determined as follows: In order to be able to offer one’s own services, the goods or services of other companies are usually used. The supplier will also invoice you a sales tax for this. Freelancers can claim and offset this sales tax amount as input tax against their own sales tax. Here is a sample calculation for input tax.

Tax return for freelancers

For freelancers, the bookkeeping according to the income-surplus-invoice (EÜR) comes into question. It is a simplified method of determining a company’s profit. In general, all companies that are not registered in the commercial register can use the income-surplus-calculation.

For the EÜR, all actual incoming and outgoing accounts are to be noted in a so-called journal. If the freelancer wants to calculate taxes and do his bookkeeping according to the income-surplus-account, he should structure his income and expenses according to the types that he incurs and use the official EÜR form.

Examples of income of the EÜR in the journal are the operating income at the full sales tax rate as well as the reduced sales tax rate, but also the sale or withdrawal of fixed assets and the private use of the company car represents income in the sense of the EÜR. Examples of expenditure by the EÜR in the journal are the Costs for office supplies and the study, entertainment costs, depreciation, or even the tax advisor.

If you, as a freelancer, determine taxes and want to do the EÜR, you must always show the amounts in the EÜR as a total amount, i.e. without sales tax or input tax. A monthly balance must be created in the journal. The values ​​of the individual categories are then to be transferred to the form for the income surplus invoice, which must then be attached to the tax return if the profit is over 17,500 euros per year.

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A Quick Look at the Differences of PPP in the HEROES Act vs. HEALS Act

While the House of Representatives passed a 4th coronavirus relief bill last May, the Senate House did not put it up for review before Congress went into an August recess. Instead, the Republican majority passed its own version, calling it the HEALS Act, as opposed to the Heroes Act passed by the House in May.

The first distinguishing aspect about the Republucan’s HEAL Act is that the amount being pushed for by the Senate is only $1 trillion, which cuts down the $2.2. trillion of the original CARES Act. In contrast, the House of Representatives is proposing to increase the stimulus fund to $3 trillion.

Although many of the states in the U.S. opened their economies much earlier than what health experts recommended as safe, the premature opening failed to launch many businesses on the road to recovery. The economy hardly improved as the disregard for safe distancing measures only resulted in the rapid increase of COVID-19 infection cases and deaths in most states.

Many commercial establishments also suffered as a result of the protest movements combined with the looting and burning incidents instigated by agitators. Although millions were able to go back to work, millions also lost their jobs. Most nonessential businesses had to close shop again, especially in regions where on a daily basis, tens of thousands had been testing positive with the coronavirus disease.

Congress is about to put the two proposals up for deliberation and hopefully for finalization next week when sessions reconvene. Yet it appears strong oppositions coming from both sides will slow down the legislation processes. A number of Democrats are not too keen on approving additional funds for the contentious Payroll Protection Program (PPP), since reports have it that large take outs went to companies that did not meet the eligibility criteria.

Currently, more than $100 billion of the PPP funds lay unclaimed. Many small business owners are wary that the present on and off reopening will make it difficult for them to meet the forgiveness feature of the PPP loan.

Differences in PPP Proposed by HEROES Act vs. HEALS Act

Inasmuch as the PPP dole outs have been reported as faulty, and with $100 billion still available, House Democrats are not proposing additional funding for the program. Nonetheless, their Heroes Act recommends the elimination of the 75% payroll requirement as forgiveness criterion, whilst moving the application deadline up to December 31, 2020.

On the other hand, the HEALS Act of the Republicans intends to inject an additional $190 billion to the present PPP fund balance. Moreover, if the HEALS Act PPP passes both Houses, eligibility requirements will be expanded in order to qualify those disqualified under the CARES Act. Although the HEALS Act also proposes the elimination of the 75% payroll expense requirement, it also wants to expand fund usage that will qualify PPP borrowers for forgiveness.

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Trump Still Aims to Control the CARES Fund

Trump recently removed the Inspector General who was supposed to head the committee tasked to oversee the disbursements of the CARES Act Fund. The creation of an oversight committee was one of the conditions fought hard for by both Democratic and Republican Senators in approving the release of the $2.2 trillion government funds under the guidelines of the Coronavirus Aid, Relief and Economic Security Act or The CARES Act.


Yet Trump who had stated beforehand that he intends to be the sole “oversight” in controlling and monitoring the release of the funds, has taken action to circumvent that condition. In a move that is typical of this incumbent U.S. president who has no regard for ethics, Trump removed Glenn Fine as acting Department of Defense Inspector General.

IG Fine gave Congress no reason to worry in leading the Pandemic Response Accountability Committee that was set up in connection with the approval of the CARES law. After all, he has served as Inspector General for the Department of Justice for 11 years, whilst keeping an excellent nonpartisan record in carrying out his duties.

Trump did not fire Glen HInes but merely sent him back to his former position of principal Deputy Inspector General for the Dept. Of Defense (DoD) before he assumed the position of Acting IG for the said department. Had Trump designated another Inspector General to replace Fine as DoD head, Trump’s action might not be a cause for concern.

Instead, Trump designated Jason Abend, a Trump-appointed senior policy adviser at U.S. Customs and Border Protection (CBP), as the new Inspector General of DoD. The move also effectively placed Abend as head of the CARES oversight committee.

How Jason Abend’s Qualifications Compare to Glen Fine

Glen Fine has a long record of serving as Inspector General for the Department of Justice, a position he held during the presidency of Bill Clinton. In 2015, Fines accepted a post to become the Principal Deputy Inspector General of the DoD. In January 2016 and under the Obama Administration, Fine became the acting inspector general for the same department.

Apparently, what Trump did was to demote instead of promote Fine as a full-fledged Inspector General at the Department of Defense.

In contrast, before Jason Abend was appointed by Trump as Senior Policy Advisor of the U.S. CBP, he worked as a special agent of the Inspector General offices at the Department of Housing and Urban Development and at the Federal HOusing Finance Agency.

A special agent is basically a federal law enforcement officer tasked to conduct investigations related to minor criminal or non-criminal cases. A special agent has no authority to investigate major criminal cases, Obviously, Abend’s credentials in becoming the Inspector General of the Department of Defense is not as well-founded as that of Glen Fine’s.


After announcing Abend as the new IG for DoD, Trump had given instructions for the CARES Act oversight committee, to first pass on to the White House any information that it intends to forward to Congress.

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House Ethics Committee Orders Republican Rep. McMorris Rodgers to Return $7,500 in Misused Funds

Prior to the close of 2019, the House Ethics Committee concluded its 5-year investigation on how the staffers in Rep, McMorris Rodgers office made improper use of campaign funds and official resources! including staff time, travel funds and congressional office space in carrying out political activities. According the Ethics Committee Report, poor record keeping and “sloppy practices” dating as far back as 2008 had contributed to the improper use of campaign funds.

In light of the findings, the panel chaired by Florida Democratic Rep. Ted Deutch, imposed sanctions on Rep. Cathy McMorris Rodgers, ordering her to pay over $7,500 as reimbursement of the misused government funds, including payments for official consultants using campaign funds, as well as accepting voluntary services for political purposes.

The extensive documents compiled reflected a “concerning pattern” of how the staffers in the office of Representative McMorris Rodgers frequently demonstrated indifference to the laws under the Federal Election Campaign Act (FECA) and the rules and regulations set forth in House Rule XXIII. House Rule XXII of the House Code of Official Conduct,

What the FECA Laws and Rules Describe as Proper Use of Campaign Funds and Resources

The House Rules state that Campaign Funds, which include goods and services procured with campaign funds, are separate from the official resources available to congressional members. House rules govern campaign funds including those allotted for state or local elections. The Federal Election Campaign Act (FECA) on the other hand, governs campaign funds used for election to a federal office.

Primarily, a House Member, Delegate, or Resident Commissioner shall keep campaign funds separate from personal funds; nor in any manner convert campaign funds for personal use even if said amount represents excess of a legitimate and verifiable use for campaign purposes. Basically campaign funds cover only bona fide political or campaign expenditures.

Moreover, there are certain exceptions and limitations that must be observed if ever campaign funds will be used for official House purposes.

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Facebook’s Libra Cryptocurrency Facing Oppositions on All Sides

Facebook’s planned introduction of its Libra cryptocurrency is facing opposition on all sides that an actual launch by year 2020 could be stalled. As it is, U.S. legislators, financial regulators and government officials not only in the U.S. but also in EU countries are wary that a payment processing system running on blockchain technology and operated by Facebook, presents serious concerns and issues.

Lawmakers cannot accept the social media company’s motives at face value, since the Libra business model when combined with the Facebook social site is regarded as much too invasive over users’ private information. In enticing FB denizens to use the Libra cryptocurrency, Facebook will likewise gain access to credit card, bank account and ewallet data as well.

After all, the main problem with Mark Zuckerberg’s social media company is the laxity by which they have been handling data entrusted to them by millions of users. Legislators on both political sides insist that for them to allow the rollout of Libra cryptocurrency and its blockchain platform, Libra operators must do so under strict government oversight and regulations.

House Representative Maxine Waters, who chairs the House Financial Services Committee cited Libra’s potential use as medium for carrying out money laundering transactions and other illegal financial activities. She also demands Mark Zuckerberg’s appearance before her and in her committee hearings. That way, Zuckenberg will provide clear and definite testimonies on how his newly formed subsidiary Calibra, intends to address all issues being raised against the Libra cryptocurrency project.

Although Facebook claims that Libra cryptocurrency operations will run under the governance of the Libra Association, it does not serve as a guarantee that all issues raised against the cryptocurrency project will be effectively addressed. After all, the Libra Association represents about 28 multinationals and non-profit organizations that will contribute $10 million or £8 million dollars each before one becomes an official Libra Associate.

Obviously, they are first and foremost investors whose interest in providing financial backing is to profit from Libra’s future cryptocurrency operations.

Financial Backers of Facebook’s Libra Project Led by PayPal, Showing Signs of Withdrawing Commitment

PayPal has already pulled out from its Libra-partnership commitment, while representatives of credit card companies Mastercard and Visa are set to meet on October 14, to finalize decisions on whether or not they will become official members of the Libra Association. More companies who had signed letters of intent to provide support as a Libra Associate, are reportedly having doubts about finalizing plans to join Facebook’s Libra project.

Apparently, commitments are being shaken by the growing opposition and potential regulatory problems; especially if EU countries like Germany and France will block the Libra digital money should it move forward. Both countries issued a joint statement conveying that

”no private company must claim the right to have monetary power that belongs inherently to the sovereignty of nations.”

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Lawmakers Raised Concerns On Facebook’s New Crypto Project

The blockchain technology and cryptocurrency have shown its potentials and many have yet to discover what it can really do. BitSeven, for instance, is an advanced platform for exchange and trade for Bitcoin, Litecoin, Ethereum, and Ripple. As it has seen the potentials of cryptocurrency, the development of the platform started with a collaborative effort between financial professionals, software developers as well as with traders who are knowledgeable and experienced with crypto exchange and trade.

Aside from BitSeven, there are other companies who have developed crypto exchange and trading platforms, whereas others have created their own crypto coin. Despite these numerous platforms and digital currency, Facebook’s crypto project have caught the attention of the global community as well as of government officials, and have gotten different reactions.

According to Facebook, their project aims to provide users and consumers swift affordable way to do money transfer, particularly people who are unbanked or those without access to services of traditional banking.

An Instantaneous Reaction from Politicians

Before, the U.S. as well as global regulators were slow to retort toward digital currencies like bitcoin. However, with Facebook Libra, concerns were immediately raised.

On the same day that Facebook introduced Libra, Mark Carney, Governor of the Bank of England, stated that it would be subjected to regulations of the highest standards. Some weeks later, Jerome Powell, Federal Reserve Chairman, jump on the bandwagon, citing concerns which includes consumer and data privacy and protection, financial stability, as well as money laundering. Subsequently, Mario Draghi, the European Central Bank President, Steven Mnuchin, the U.S. Treasury Secretary, and Rohit Chopra, the FTC commissioner, have brought out similar qualms.

According to the creator and director Kapronasia, Zennon Kparon, regulators are concerned with a number of fronts, all of which are to the potential of Libra for going mainstream. Compared to bitcoin as well as other digital currencies which attracts a limited subgroup of individuals, Libra has the possibility and capability to reach billions of active users in a fairly brief span of time.

Government to Possibly Lose Control

According to Kapron, governments can possibly lose their capacity to control policies on finance when Libra comes out. Kapron mentioned that currently, the USD has a great deal of power, and since oil is valued at USD, the government of the U.S. has a great deal of power as well. Moreover, they have control on which banks could network with the USD, therefore, according to Kapron, utilizing that scope of influence, U.S. is capable of really controlling and directing the route of worldwide economics as well as the worldwide situation of politics. With Libra coming out, a slip in control may occur.

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Full Grasp of Your Loan Options

When in search for a debt financing option to launch or expand your business, you are quite in luck for there are numerous options that you can turn to. This includes but not limited to:

  • Commercial lenders
  • Banks and;
  • Personal credit cards

The best thing about this is that, you do not have to pinpoint the exact loan type you needed before approaching a lender. It’s for the reason that they are the one who would help you decide what kind of financing is suitable for your needs. On the other hand, you need at least a general idea of the available loans. This is the only way that you can understand what is being offered to you by the lender like (link).

Line of Credit

This loan is useful for those who have small business. Truth is, it a permanent loan arrangement that business owners have with banker. This gives protection to businesses from stalled cash flow and emergency situation.

More often than not, line of credit loan is used for payment of operation costs for business cycle needs, working capital as well as purchasing of inventory. However, they are not designed to buy serious business assets like real estate or major equipment.

Installment Loan

Technically, these loans are paid every month that’s either equivalent to the amount of loan initially applied for or with interest. Installment loans might be written to suit all kinds of business requirements.

You get to receive the amount in full after the contract’s been signed and the interest has been calculated from the approved date to final day of your loan.

Balloon Loan

Despite the fact that this type of loan is written under a different name, this is still identifiable by the amount received after the contract is signed. However, only when the interest has been finally paid off during the life of loan. With balloon payment, the principal is due on final day.

What happens often is, the lender offers loan to which both the principal amount and interest are paid in a single balloon payment. It is because of this why balloon loans are reserved for instances when the business needs to wait for a specific date before they receive payment from client for a product purchase or a service that has been rendered.

Interim Loans

With this loan, bankers are more concerned with who’ll be paying the loan and whether they can bank on that commitment. Interim are designed to make periodic payments to contractors when the mortgage on that building would be used to pay off interim loan.

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Dems Harness Political “Dark Money” to Launch Ad Blitz Amplifying House Majority Agendas

Strategists of the Democratic Party led by Robby Mook, president of the House Majority Political Action Committee (PAC), quietly formed a non-profit organization in March of this year. The main purpose of which is to broadcast actions taken and undertaken by the House Democrats. The new organization called House Majority Forward will serve as an affiliate of the House Majority PAC.

Through publicity launched by way of TV and digital advertisements, House Majority Forward will disseminate to the American public, information about important progressive legislations accomplished by House Democrats; and of how they were held up by the Republican-controlled Senate led by Senate President Mitch McConnell.

According to documents gathered by political news website POLITICO, the new nonprofit group is registered with the state regulators of North Carolina as a 501(c)(4) organization. Its aim is to raise $20 million this year, of which half ($10 million), will be used to run advertising blitz promulgating House Democrat agenda; with particular focus on White House investigations and resolutions put forward by a group of outspoken freshmen.

Inaugural TV and Digital Ad to Rollout on August 08, 2019

The House Majority Forward’s first ad features a female working out in a darkened gym. She pummels a punching bag while a narrator goes through the motion of ticking House Bills embodying resolutions that Include a proposal to

The narrator continues by saying

“The new Democratic majority in the House of Representatives is proving they are up to the challenge.” “But Mitch McConnell has blocked every one of these important bills from getting a vote in the Senate.”

As a 501(c)(4) non-profit organization, this new House Majority Forward group is one of such organizations allowed to receive funds known in the political arena. as “dark money”

Democratic Strategists Decide to Harness “Dark Money”

Although one of the resolutions filed by House Democrats is the move to curtail secret or dark money coming in for political purposes, proponents of the House Majority Forward say they have no issues in using “dark money” to support House legislators proposing to move dark money out of the political arena.

What is Dark Money?

Dark Money is money donated for political spending but without requiring the recipient organization to disclose the name of the donor who contributed the funds. Basically, this applies to 501(c)(4) nonprofit organizations, but not to political nonprofits like the traditional Political Action Committees (PACs) organized by political parties.

However, PACs are also open to receiving “dark money” since they are allowed to receive contributions coming from shell corporations and other political parties that mask their true owners or organizers. That is why House Democrats have introduced a bill proposing ‘dark money’ restrictions.

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Puzzled why You’re Declined with Personal Loans? Have it Overturned!

Have you applied for a Zebra loan or any other kind of personal loan before and unfortunately, been declined? It was never a nice feeling particularly when you badly need money. However, this is inevitable and it does happen. In an effort to help you be in control of this situation, it is essential to understand why you’re denied and what you can do to have higher approval.

One thing that you should know is that, errors in credit reporting are very common and it could significantly impact your score. In return, lowers your ability to get loan approval. Some errors may include outdated information or having same debt listed several times which create a duplicate.

Are all Information Correct?

The incorrect record of amount of credit inquiries listed on file and the adverse notices can bring down your credit score. So, if inaccurate information is the reason why your personal loan is denied, your lender will likely send you adverse notice informing of the probable reasons of the denial of the loan. The accuracy of such information is vital so it is wise to grab a copy of the credit report. Once done, get it amended ASAP if you think that there’s incorrect data.

Despite the fact that personal loans could be a smart move of consolidating existing debts, loan application may still not push through if the overall amount of your debt is too large. Lenders are going to look at how much of your income is going towards the debt or otherwise known as debt to income ratio. They do this in reviewing your application.

Therefore, pay off any balance before filing an application for new loan to help secure an approval.

Proof of a Permanent Job

For a great number of people, the primary source of income is their employment. In relation to this matter, to pay for the loan monthly, it is necessary among lenders to see that you do have stable stream of income. If you have been jumping from one job to the other every couple of months and can’t prove that you have regular income, there is a big chance that you’ll be declined for your loan application.

Keep in mind, these lending institutions are still businesses. Even though they wanted to help you keep up with your life, they have a business to protect, and uses these factors to ensure that you’re not a risk to their personal investment.

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Amazon Credit Builder : Deposit-Backed Credit Card for Members with Poor or Bad Credit Score

Amazon Credit Builder is the newest program of the Amazon Store Card, and is extended to Amazon.com members who do not qualify for a regular Amazon Store Card. This new credit offering is designed to give customers with poor or bad credit scores, a chance to build credit card history that will be tracked by TransUnion CreditView.

Offered by Amazon in collaboration with Synchrony Bank, the Amazon Credit Builder comes with the same amenities as the regular Amazon Store Card, including the five percent (5%) cash back reward on every purchase made at the Amazon Store.

An important aspect to understand is that a credit builder account requires a minimum deposit. Amounts of credit-builder purchases including interests, will be limited to the amount required as deposit upon approval of one’s credit-builder card.

It would be wise to look closely at the features and requirements of the Amazon Credit Builder program to determine if this new credit offering will work well for you.

The Finer Details About the Amazon Credit Builder Card

Amazon’s Credit Builder program is touted as a “no annual fee offering,” but an application is still subject to credit approval by Synchrony Bank. Also, know beforehand that in order to qualify, you have to have an Eligible Amazon Prime Membership,

An approved credit-builder account starts off as an Amazon.com Store Card Credit Builder. After seven (7) months from the date of activation, Synchrony Bank automatically evaluates the Amazon.com Store Card Builder to determine if the card holder qualifies for an upgrade into an Amazon Prime Store Card Credit Builder.

Approval of a credit-builder card into a Prime Store Card Credit Builder depends on the cardholder’s payment and other credit history details, which include:

  • Seven (7) consecutive on-time settlement of credit purchases made using the Amazon.com Store Card Credit Builder account over a period of 12 months.
  • The cardholder’s credit file does not show recent records of bankruptcy declaration, foreclosure or repossession proceedings or delinquency events
  • The cardholder meets a credit score qualified under Synchrony Bank’s underwriting criteria.

After seven (7) months as holder of the upgraded Amazon Prime Store Card Credit Builder, Synchrony will once again evaluate if the cardholder qualifies for another upgrade, based on the same set of criteria. This time, evaluation is geared toward determining if the credit-builder qualifies for upgrade as holder of a regular Amazon.com Store Card.

By the way, in order to mitigate its risks as credit provider, Synchrony charges interest on every purchase made using the credit-builder card. Widely known in the credit industry as Annual Percentage Rate or APR, the Amazon.com Store Card Credit Builder interest rate starts at 28.24% per annum.

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House Democrats Finally Moving Forward with the DREAM and Promise Act

The DREAM and Promise Act, is the latest version of the legislative proposal that seeks to establish guidelines and processes to be observed when granting approval for residency to undocumented immigrants who were minors at the time of their arrival, or entry in the U.S. The bill also merges similar initiatives for the group of illegal immigrants that previously received protection from the 2012 DACA, counting from their age as minor upon arrival in the U.S toward date of enactment as immigration law..

DREAM stands for Development, Relief, and Education for Alien Minors, while DACA stands for Deferred Action for Childhood Arrivals.

Origin and Development of the Proposed DREAM Act

DREAM had its origins in the 2001 DREAM Act introduced in the Senate as a bipartisan proposal initiated by Senator Dick Durbin (Dem-Illinois) and Senator Orrin Hatch (Rep-Utah). The 2001 DREAM Act though failed to pass muster in Congress, despite several re-introductions; therefore  it never received full recognition as immigration law.,

In 2017, Republican Senator Lindsey Graham, sponsored the DREAM Act of 2017, which sought to give recipients of DACA 2012, opportunities for stabilizing their U.S. residency and increase their potential for becoming citizens of the United States

Should the current proposal, entitled as DREAM and Promise Act receive Congressional approval, as many as 2.5 million people will be able to apply for legal status, and have the chance to take a path that could ultimately lead to a US citizenship status.

Understanding the Need to Include DACA Recipients in the DREAM and Promise Act

First off, it must be understood that DACA or Deferred Action for Childhood Arrivals is not a law but merely a program created under the Obama Administration in 2012. The program’s goal was to provide protection to young immigrants aged 16 and below, from potential deportation proceedings, whilst affording them opportunities to enroll in schools, land jobs, and even serve in the military.

In order to enjoy such privileges, undocumented immigrants requesting for DACA protection from the US Citizenship and Immigration Services (USCIS) must meet certain qualifications, particularly pertaining to age eligibility at that time the program was introduced in 2012. However, in 2017, a year after Donald Trump’s assumption of office as president of the United States, Trump ordered the cancellation of former President Obama’s 2012 DACA protection program.

The move however, met several lawsuits including legal challenges filed by several U.S. states. Although the presiding courts ordered the USCIS to grant renewals of existing DACA protection, decisions on the matter is still subject to review since DACA is only a program and not a law.

In the state of Arizona, and even before Donald Trump had made good on his plans to implement certain changes in the country’s immigration policies, the City of Tucson had published and circulated a “Resource Guide for Immigrant Families. The publication, which contained information about local support and legal options available in Tucson, it also gave advise to know one’s rights by seeking assistance from Tucson immigration services.

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The Impact of Politics on Fiscal Policy

The financial structure in a country echos and forms various business and political organizations. Financial markets are always at risk due to changes in the political, social or technological circumstance of a country. In order for a nation to have a balanced financial structure, its governance will need to have risk modeling which means the application of tactics to be able to identify the financial risk. The approaches involve identifying the risks in the market, valuation, historical simulation, or intense value principles in order to assess a financial scenario and predict the deficits.

Politics is regarded as among the operational risks (apart from legal risk) in finance which can be handled by operational risk management. This form of challenges confronts the investors, regulators, and businesses in all areas including trading companies such as pheeva.com. Politics have macro and micro-level risks. The macro-level have identical influences throughout all foreign personalities in a specific area. Consequently, it impacts all players in a country. The micro-level centers on a firm, sector or project-specific issues.

The political environment has a direct effect on the finances of every single business regardless of the size. Politics is a process by which selected individuals make collective resolutions to create public regulations. Politics demonstrate authority by which the government manage and control to obtain internal stability. When the government fails to control and keep stability in social, economic, and political security, this highly affects the financial aspect of the nation resulting in possible inflation.

Political Freedom and Economy

The link between political freedom and the economy is critical. Political freedom is associated with the principles of equal rights, human rights, and civil protections. It offers the nation a chance to start a new that betters people’s well being. Failure in political governance as a result of corruption, unjust economic conditions, and divided decision lead to political revolutions.

  • State authority crisis represented by military pressure, succession crisis or serious corruption. This could indicate the surge of private sectors opposing the ruling government.
  • Considerable divisions between national, military, economic as well as religious groups.
  • An unfavorable economic situation for workers may be a major factor in government failure.
  • Extensive opposition culture uniting various social and political organizations and promotes opposition towards the government

Political revolutions are classified as activities that seek to alter the federal government as well as the political structure which leads to lack of stability in the inner political scenario which has an unfavorable impact on the economy besides the damage of the framework.

Every country has a unique and different socio-economic and political issues. And with this unique structure of each political system, it has to be dealt with differently in accordance with the needs of the people. Severe socio-economic conditions highly affect the financial aspects of all areas in the community. High costs in consumer products, high demand-low supply, decrease in the value of a currency, and more can lead up to serious poverty within the nation.

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College Affordability Proposal : A Likely Topic Up for Debate in DNC’s Presidential Nomination Contest

The Democratic National Committee (DNC) is all set to stage the first of the sanctioned candidate debates, come June and July 2019. One important topic stands out as a common proposal among candidates qualified to participate in the debates: College Affordability.

Mark Huelsman, a prominent think-tank Senior Policy Analyst, believes qualifying candidates for the debate, will likely argue on which college affordability proposal makes the most sense; or if it is even sensible at all.

A nationally recognized expert on college affordability and Asso. Director of Policy and Research at Demos, Huelsman says that during the past years, left-leaning policymakers and economists have been building a consensus that some kind of student-debt cancellation may actually be beneficial for the U.S. economy. Huelman mentioned further that

“You’re going to see some pretty bold proposals on debt relief or debt cancellation from candidates.”

Only one candidate thinks that free college tuition or debt-free college is not viable. Minnesota Democrat Senator Amy Klobuchar said

“I wish — if I were a magic genie and could give that to everyone and we could afford it, I would.”

College Affordability Proposals Backed or Mulled on by Democratic Presidential Candidates

College affordability proposals come in 7 topics: Tuition-Free College, Debt-
Free College, Student Loan Servicer Regulation, For-Profit College Regulation, Student-Loan Refinancing, Debt Relief and College Accountability. Of the 7 proposals, only Tuition-Free College and Debt-Free College have definite plans for whom and on how they will be carried out.

Tuition-Free College

This proposal vows free tuition for all, regardless of financial need; allowing students with low income or coming from low-income households to actually have a chance to participate. Free-college for all intends to include those coming from wealthier families as it may attract political buy-ins that would make the program work.

Bernie Sanders, Vermont’s longest serving Independent Senator, will continue to push the tuition-free education in public colleges that he unveiled previously in the 2016 elections. His proposal includes imposing taxes on institutions involved in investments trading of stocks, bonds and their derivatives, as a way of raising government funds for the program.

Debt-Free College

Although similar to the Tuition-Free College proposal, it has a different context as embodied in the Debt-Free College Act of 2018 introduced by Sen. Brian Schatz (D-Hawaii), along with House Rep. Mark Pocan (D-Wisconsin-2). The proposed bill aims to create a new partnership between federal and state governments, focused on providing funds to the country’s neglected system of public colleges. The goal is to provide students with free and flexible training, without having to worry about steep tuition fees or onerous student loans.

Here, students from working-class families will have priority, and will extend to students coming from public and private Minority Serving Institutions. The Debt-Free College Act will also restore eligibility of non-violent drug offenders.

Current Democratic presidential candidates who co-sponsored this bill include Sen. Elizabeth Warren (MA), Sen. Kirsten Gillibrand (N.Y.), Sen. Kamala Harris (CA) and Sen. Cory Booker (N.J.).

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Transparency In Financing Political Campaigns

The appeal for transparency is not just a trend that will gradually fade over time. Voters around the world demand that politicians publish more of their personal, financial, as well as other important campaign information than ever before. This demand results in the government launching and testing new initiatives to encourage a transparent political agenda as demonstrated in providing access to government data to simple yet easy to use government websites.

Need Money Now fast loans may provide your political career a boost but there are other sources that candidates may consider. The bottom line of it all is that funding is critical at this period of any political career.

Traditionally, the media has been responsible for keeping the government honest with voters. With the surge of social media, blogs and other regulatory organizations, the demand for political transparency had become easier than in the past few decades. Politicians and other public figures is subject to strict public scrutiny in the words they say to the tiniest action they do. This growing demand for political visibility is among the feature that the modern campaign process embodies. Regardless of the political strategy that politicians follow it is still important to adhere by the law in campaign financing to avoid dissolution of campaigns.

Where to start with political transparency? Is it important?

The presidential campaign in 2016 proved that American voters would like to choose candidates that seem to have nothing to conceal. Voters would like transparent politicians who act, discuss and make day-to-day choices that reflect the best interests of their constituents. A single false move from a vying politician will lead voters to rethink about the credibility of a candidate.

The political manager who wins the competition must recognize the value of transparency in the period of campaign. Without having transparency, voters may cast distrust on candidates and even persuade a full investigation of their financial or personal transactions. This may become an inflammatory story of the media that may result in the waste of the advertising campaign. In order to get rid of these rumors, honestly carry out promotional activities from the beginning, focusing on key areas, such as discussing campaign finances and personal affairs in traditional media and through social media platforms.

The Media Being A Government Regulator

As mentioned earlier, the media has traditionally served as a government regulator, regardless of any corruption or embarrassment. The media continuously uncovered corruption, from the Watergate scandal to Bill Clinton’s infidelity. They conveyed to the voters the insider information inherent in the political system. With this in mind, the relationship between your candidate and the media is crucial. Willingness to resolve rumors, make statements and share a variety of Intel can make any political figure less likely to be the target of the media.

The main issue that causes tension between the politicians and the media is the changing readership audience and readership expectations. With the rapid decline of print news and the surge of a sensitive 24/7 news cycle, media organizations must regularly promote compelling stories to attract and retain the attention of their audience.

This is the key to high fixed costs. Long-term survey work requires more resources than small-scale reporting. At the same time, American voters tend to focus more on rapid scandals and complex corruption cases than on candidates’ long-term support for a specific cause, or legal work to boost certain low-key or less-obtrusive community characteristics, such as environmental reforms and proposal for urban housing.

This means that your campaign must carefully craft a plot with the media rather than giving them any reason to incite all aspects of the candidate’s business transactions and even invade their personal life. Should they have any scandals that can be revealed, resolve these scandals rather than making your campaigns look like something had been hidden.

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The Guardian Identifies 3 Foreign Personas Whose LLC Contributed Funds to Trump’s Inauguration

Under US election laws, foreigners are barred from contributing money as aid to finance political campaigns, including inaugurations. Non-resident foreigners in particular, who are found to have knowingly or unwittingly violated such rule will be fined and/or prosecuted. In Trump’s case, the inaugural committee in charge of handling the presidential inauguration, accepted donations from US registered shell companies that had direct connections to foreign nationalities.

In business parlance, a legal entity becomes a shell company if after incorporation and registration it continues to exist only on paper, as it does not engage in any business activity, maintain employees, or set up an office, but may hold a bank account and other types of passive investment.

The Federal Election Commission (FEC) asserts that the use of shell companies poses as problem in determining and ascertaining the legality and transparency of political donations. However, recent developments related to other investigations concerning Donald Trump’s activities as incumbent president of the US, have prompted Attorney Generals in Washington D.C. and in New Jersey, as well as federal prosecutors in New York to demand documents supporting the contributions accepted and spent by Trump’s Inaugural Committee.

The Guardian Follows Paper Trails Leading to the Identification of 3 Foreign Nationals

In verifying the list of donations accepted by the Trump Inaugural Committee via documents submitted to the FEC, the Guardian took note of three (3) indeterminate corporations that handed over $25,000 donation each for Trump’s inaugural ceremonies. In following the paper trail, The Guardian was able obtain documents and information that led to the identity of foreign nationals connected to the shell corporations.

Cyrus Vandrevala, a London-based financier tied to a shell company registered as Sierra Vista LLC in Delaware but with business address in Wayne, Pennsylvania. Born in Mumbai, India, Vandrevala holds an Indian passport obtained from Delhi. He is related by affinity to Niranjan Hiranandani, president of a prominent real estate lobby group in India, and is recognized as one of the country’s wealthiest member of the Indian real estate industry.

Cyrus Vandrevala, a son-in-law of Hiranandani, claims he funds property developments in India, whilst also operating property development firms in the US. The firm claims to have amassed $7 billion in investment funds for building homes in Mumbai and Pune, cities in which Trump Towers are located.

David Sean, an American-Taiwanese businessman also known as Pong Hsiang and creator of Jan Castle LLC, a shell company with only a mailbox address to show, yet able to have made a $25,000 donation to the Trump Inaugural Committee.

Records obtained by The Guardian from various state authorities across the US show that Sean has created several other shell companies somewhere in California, Georgia, Florida, Nevada and Wyoming during the past two decades; using only 10 mailboxes as addresses.

In a telephone interview with Sean’s wife, The Guardian learned that Jan Castle LLC was created for and in behalf of 3 Chinese investors, one of whom was identified through the company’s original filing documents as Jianning. David Sean though, later denied his wife’s interview statement, and refused to discuss the business activities of Jan Castle LLC and the people behind it.

Elon Lebouvich, an Israeli real estate businessman who created a company called New York State Property Management Corporation. It paid a $25,000 contribution to the Trump inaugural fund 3 days before Trump was sworn-in.

The Guardian got hold of information from Brooklyn City records that Lebouvich, currently has an ongoing retail property development project in Crown Heights, worth $5 million. The property being developed is owned by another LLC owned and controlled by the mother of Lebouvich’s legal counsel.

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Banking and Finance Law


Cash drives the world as we know it

These days cash is considerably more than simply a method for installment. Control, force, and glory are just a piece of the achievements accomplished thereby. As ahead of schedule as the fourteenth century, rich families and banks acquired colossal political impact because of their moneylending organizations. Indeed, even today, banking is one of the most beneficial and persuasive areas in business life. The whole market relies upon the choices of the national banks. It isn’t predictable that the present circumstance will change sooner rather than later. In any case, turning into a specialist in a space that is an unshakable piece of the market economy is a shrewd choice. Monetary security and glory are related advantages.


Fields of action

From an external perspective, banking and money law give off an impression of being perplexing and hard to comprehend the region. The legitimate range for the most part covers the space of ​​general common and property law. Rudimentary agreement law assumes a significant part, especially with regard to financing matters. Most importantly, a differentiation is made between banking law, banking administrative law, and monetary law. Banking and banking administrative law includes lawful inquiries regarding the authorizing prerequisite of specific financial exchanges, capital, and liquidity necessities of banks just as the legal and extrajudicial goal of questions with clients or different banks. As a component of the financing, it is routinely about securing financing, corporate credits or land, and undertaking financing.


Day to day existence in banking and money law

Venture and obtaining finance is the biggest piece of everyday business. Throughout this, credit arrangements and insurance reports are primarily drawn up. Banks, monetary specialist co-ops, insurance agencies, and furthermore private financial backers are addressed. Contingent upon which side of the arranging table you are perched on, an endeavor is made to arrange an agreement that is positive for the moneylender or the borrower. These exercises require collaboration and participation abilities. With arrangements and effective appointment of errands, projects worth millions can be overseen in the briefest conceivable time. Protection from stress and arranging abilities are then essential characteristics that the legal counselor * must have. The agreement and exchange language are English. You can find out more about this on the official website of the Los Angeles accident lawyer.

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