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 …
Author: Paden Kegan
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.” …
The POS Exemption : How Its Abolition will Affect Car Dealers
In 2019, the Australian Banking Royal Commission acted on the growing complaints against car dealers who sign up customers for loans they can’t afford to pay. In his final report, Royal Commissioner, the Hon Kenneth Hayne AC QC, who led the year-long probe of the faulty financial service practices, recommended the abolition of the Point of Sale (POS) Exemption. Consumer advocates welcomed the Royal Commissioner’s report exposing the predatory selling practice. Many believe the POS exemption was a “loophole” that has allowed not a few car dealers to offer auto loans even without proper assessment of the customer’s financial capability. …
Feed
- How to Legally Protect Your Business During a Financial CrisisA financial crisis—whether triggered by a recession, market downturn, or global event—can shake any business to its core. While focusing solely on cash flow and cost-cutting is tempting, legal protection is just as crucial. You could face lawsuits, penalties, or regulatory issues without proper precautions. Working with experienced attorneys in Orlando, Florida can help ensure […]
- How Politics is Shaping the Global EconomyPolitical Decisions Impact Financial Markets Political decisions have a significant effect on the global economy. From changes in trade policies to government regulations, political shifts can drive economic growth or cause stagnation. The Role of Trade Policies Trade policies have become a hot topic in recent years. Governments are increasingly focused on securing advantageous trade […]
