International trade agreements are crucial in influencing the global economy in today’s linked world. Global firms, consumers, and economies are impacted by a complex web of laws and processes ranging from trade agreements to tariffs and currency exchange rates. In these dynamics, alternative financial strategies—such as turning gold to cash—have become more critical. This strategy involves selling gold assets for money, which can then be used for investments or to hedge against currency fluctuations. Leveraging holdings in this way provides liquidity and flexibility to investors seeking varied choices, which influences financial decisions about international trade agreements and market swings. This …
Category: Finance Law
The Proposed SALT Marriage Penalty Elimination Bill: What is It Really?
Any time soon, the House of Representatives is poised to vote on the latest bipartisan tax bill seeking to raise the current $10K SALT deduction cap to $20K for married couples. Captioned as Marriage Penalty Elimination Act, the increment is set to modify the SALT deduction guidelines included in the Tax Cuts and Jobs Act. However, the proposed deduction increment will apply only to the forthcoming 2023 tax filing. If Congress approves the $20,000 increment, it will take effect only in the filing of the 2023 tax returns by jointly-filing married couples. In that case, it denotes that the original …
House Reps. Introduce TICKET Act to Force Ticket Sellers to Disclose Base Price and Fees
US lawmakers recently introduced the TICKET Act, which aims to force ticket sellers to display upfront and at point of sale, all fees imposed as charges. The bipartisan bill formally titled as “Transparency In Charges for Key Events Ticketing” (TICKET) Act came around after the sale of Taylor Swift’s Era Concert Tour became “the last stroke that broke the camel’s back” so to speak. The TICKET Act forces ticket sellers and brokers to indicate the ticket base price and all the additional charges that increase the cost of a ticket. Such information must also be shown in events advertisements and …