II. Considerations for Taxpayers1. In making state location investment decisions, consider both the constitutionality of the incentive offered and the risk that the state revenue agency will revoke the incentive if it is found unconstitutional. In CDR and Cutler, the state revenue authority seems to be an advocate solely of the state fisc and not of good tax policy. That may be shortsighted. If taxpayers find they cannot rely on incentives offered by a state, they may take their business activities to states with less risk. While it might sometimes be expensive for a state to provide retroactive refunds, it is equally true that it may be expensive for some taxpayers to retroactively refund tax incentives on which they relied. For example, in CDR the legislation may have induced a company to establish its headquarters in Oklahoma on the assumption that the company and its owners would have access to the capital gains deduction upon … [Read more...] about Taxpayer Risks and Rewards From Unconstitutional State Tax Legislation
Trader joes reviews
The U.S. Environmental Protection Agency (“EPA” or “Agency”) continues its enforcement focus on commercial refrigerant leaks from major retailers, keeping with the Agency’s goals of reducing leaks of ozone depleting substances (“ODS”) and greenhouse gas (“GHG”) emissions. On June 21, 2016, Trader Joe’s Company entered into a proposed settlement with the U.S. Department of Justice and U.S. Environmental Protection Agency (“EPA”) to resolve claims that the company failed to comply with refrigerant leak repair and recordkeeping requirements in violation of Section 608 of the Clean Air Act and its implementing regulations. United States v. Trader Joe’s Co., N.D. Calif., No. 3:16-cv-03444 (June 21, 2016). This represents the third settlement in three years brought against a major grocery chain for alleged violations of the commercial refrigerant regulations. Under the terms of the … [Read more...] about EPA’s Enforcement Focus on Refrigerants Continues With Another Multi-million Dollar Settlement
I'm well aware of the potential downfalls of living life online and one of the things I try to do is to be mindful not to be on my phone during outings. I don't post any pictures in real-time but rather, wait until later that night when the adventure is over, to share my photos and thoughts. "Reviewing your own photos allows you to savor those moment, revisiting the experience," says Dr. Rutledge. "Images in particular trigger sensory and emotional cognitive pathways, so you really do re-experience an event." … [Read more...] about Everyone’s quitting social media. The real-life experiences are why I’m staying put.
CFPBBureau Releases Research on the Use of Arbitration ClausesOn December 12th, the CFPB released the findings of research it conducted into the use of arbitration clauses in consumer financial products and services. The research shows that arbitration causes are common in credit card and checking account agreements and that about 90 percent of clauses allow banks to prevent class action suits. In addition, the CFPB found that: larger institutions are more likely to have an arbitration clause; arbitration clauses tend to be more complex than the rest of a contract; consumers do not choose arbitration over class action when the option is available; consumers do not file arbitrations for small-dollar disputes; and few consumers file small claims court actions. The same day, the Bureau also held a field hearing in Texas on arbitration. Panelists at the hearing discussed the CFPB’s findings, made recommendations for how the study should proceed, and debated what regulations … [Read more...] about Financial Services Legislative and Regulatory Update – December 16, 2013
Getting management to heed your warnings is another matter. Risk management warnings often go unheard. And while it is easy to blame leadership, it is part of risk management's job to feed the information up the chain of command. "A risk manager has to be the voice in the company who keeps risk salient whether it be systemic risk that is somewhat outside the company's control or risks specific to the company," said Peiser. "It's not always a comfortable place to be, and you don't always get listened to, but frankly, that's the risk manager's job." … [Read more...] about A Broader View of Risk