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☆ The Biden tax proposals that could hit baby boomer, family businesses
  + stars: | 2023-04-29 | by ( Cheryl Winokur Munk | ) www.cnbc.com   time to read: +7 min
President Joe Biden's 2024 budget proposals contain several proposals that could hit small businesses right where it hurts — their wallets. Here are five provisions business owners should be aware of in President Biden's budget:A higher capital gains tax rate would be bad for business sellers. Biden is proposing that the corporate tax rate be increased to 28% from 21%. The majority of small businesses are pass-through businesses that are not subject to the corporate income tax, but for companies that are, the increase would be meaningful, tax experts said. Biden's proposal would increase the 3.8% net investment income tax rate on small business income over $400,000 to 5%.
☆ Russian spies are using Tinder to ensnare German soldiers and politicians to get them to disclose Ukraine war secrets, counterintelligence warns
  + stars: | 2023-04-17 | by ( Sinéad Baker | Sophia Ankel | ) www.businessinsider.com   time to read: +3 min
Russian spies are using Tinder to pursue intelligence about the Ukraine war, Germany warned. Spies are targeting German soldiers and politicians, the country's counterintelligence service said. Intelligence services like Russia's appear to be using the dating app to seek intel and recruits. Other governments have previously warned that spies and foreign intelligence bodies could be using dating apps like Tinder to find sources and gather information. But the dating app has also been used by others in relation to the ongoing war in Ukraine.
☆ Trump holds wide lead over DeSantis among Georgia GOP voters in a 2024 primary poll despite the ex-president's endorsement flops against top state Republicans last year
  + stars: | 2023-04-15 | by ( John L. Dorman | ) www.businessinsider.com   time to read: +4 min
Donald Trump holds a wide lead over Ron DeSantis in a new Georgia GOP presidential poll. Trump led DeSantis 51%-30% with all candidates in the race and led 51%-41% in a one-on-one matchup. Ron DeSantis of Florida in a recent 2024 presidential poll of Georgia Republican voters. The results show the ex-president's continued dominance over the party despite his high-profile endorsement misfires against GOP Gov. In a poll conducted by the School of Public and International Affairs at the University of Georgia, Trump led DeSantis 51%-30%, with 4% backing former Gov.
☆ New Corporate Minimum Tax Could Ensnare Some Firms Over One-Time Moves
  + stars: | 2023-03-30 | by ( Jennifer Williams-Alvarez | ) www.wsj.com   time to read: 1 min
The IRS building in Washington. The 15% corporate minimum tax applies to companies that report income averaging at least $1 billion over three years. A new corporate minimum tax is stoking concern among some companies that one-time activities, such as the sale of a business unit, will push them over the threshold for the levy even though the companies wouldn’t otherwise qualify. The 15% corporate minimum tax that went into effect at the beginning of this year applies to U.S.-based companies that report income to shareholders averaging at least $1 billion over three years. What’s more, once a company is subject to the levy, it remains that way even if profits decline unless certain conditions are met, such as a determination from the government that a company shouldn’t be subject to the minimum tax.
☆ China censors women modeling lingerie on livestream shopping – so men are doing it
  + stars: | 2023-03-07 | by ( Chris Lau Kathleen Magramo | Chris Lau | Kathleen Magramo | ) edition.cnn.com   time to read: +5 min
Several businesses specializing in selling lingerie through livestreaming have had their sessions cut short after they featured a female model and their brush with internet censorship came to light in January. A man poses in a white dress and robe set posted on Chinese video-sharing platform Douyin on December 17, 2022. The emergence of male lingerie models has caused mixed views online in China, from merriment and annoyance to reluctant acceptance. Male models are not the only workaround. Even outside of China, platforms such as Facebook and Instagram have faced criticism for restricting the sharing of images involving partial nudity, especially of women.
☆ New TikTok ban is poised to advance in Congress
  + stars: | 2023-02-28 | by ( Christina Wilkie Lauren Feiner | Christina Wilkie | Lauren Feiner | ) www.cnbc.com   time to read: +4 min
WASHINGTON — The U.S. House Foreign Affairs Committee plans to take up legislation Tuesday that would give President Joe Biden the authority to ban TikTok, the Chinese social media app used by more than 100 million Americans. 1153 will effectively leap frog several other proposals to ban TikTok that were previously introduced in the House and Senate, but haven't yet advanced through the committee process. My bill empowers the administration to ban TikTok or any software applications that threaten U.S. national security," McCaul said in a statement Monday. "It would be unfortunate if the House Foreign Affairs Committee were to censor millions of Americans," TikTok spokeswoman Brooke Oberwetter told CNBC in an email Monday. At the time, ByteDance was looking to potentially spin off TikTok to keep the app from being shut down.
☆ Legal problems galore await Trump now that he's lost reelection — and, soon, his presidential immunity
  + stars: | 2020-11-06 | by ( Dave Levinthal | ) www.businessinsider.com   time to read: +14 min
"What the Biden Justice Department will do is let the Justice Department be the Department of Justice," Biden said during an ABC News forum when asked what he'd do about the evidence accumulated during the Mueller investigation. Paul Hennessy/SOPA Images/LightRocket via Getty ImagesAccusations of campaign-finance violationsThe most notable Trump campaign money drama of the moment is a doozy. It involves a complaint filed this summer by the nonpartisan Campaign Legal Center that alleges the Trump campaign "disguised" nearly $170 million worth of campaign spending "by laundering the funds" through companies led by Brad Parscale, his former campaign manager, or created by Trump campaign lawyers. The Trump campaign has denied wrongdoing. They include accusations of illegal solicitation of a foreign national by Donald Trump Jr. and failure to publicly disclose campaign debts stemming from municipal police bills the Trump campaign refuses to pay.
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