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☆ Factbox: UK Privileges Committee's findings about Boris Johnson
▼ + stars: | 2023-06-15 | by ( Andrew Macaskill | ) www.reuters.com time to read: +5 min

He has accused the privileges committee, a parliamentary standards body that has investigated Johnson, of mounting a "witch-hunt" and behaving like a "kangaroo court". The former prime minister said it was a lie to say he deliberately misled parliament and called the report a charade. Below are the main findings from the report into Johnson's behaviour:JOHNSON DELIBERATELY MISLED PARLIAMENTThe committee offered a damning verdict on Johnson's honesty and conduct, concluding that he had deliberately and repeatedly misled parliament. JOHNSON WOULD HAVE FACED 90-DAY SUSPENSION FROM PARLIAMENTThe Committee said it would have recommended a suspension of three months from the House of Commons for Johnson if he had not resigned. FIVE WAYS JOHNSON COMMITTED CONTEMPTS OF PARLIAMENTThe committee found that Johnson had committed five contempts of parliament.

Persons: Boris Johnson, Johnson, JOHNSON, CONTEMPTS, Mr Johnson, Scottish National Party –, Andrew MacAskill, William James, Angus MacSwan, Toby Chopra Organizations: CONTEMPTS OF, BE, PASS, Labour, Scottish National Party, Thomson Locations: British, COVID, Downing Street, Downing, Chequers

Last week Britain became the first country to start supplying Ukraine with long-range cruise missiles, which will allow its forces to hit Russian troops and supply dumps deep behind the front lines. Zelenskiy visited Berlin, Rome and Paris over the weekend to meet with European leaders as he seeks to drum up further military and financial support for Ukraine. The British government said Zelenskiy had arrived in Britain and would meet Sunak at his Chequers country residence. After the United States, Britain has been one of the largest suppliers of military aid to Ukraine, contributing 2.3 billion pounds ($2.9 billion) worth of support last year and pledging a similar amount for 2023. In January, Britain said it would send 14 of its battle tanks to Ukraine, a pledge that was followed by other nations including the United States and Germany.

☆ Beauty of muni bonds is tax-free income. Here are three key takeaways for investors
▼ + stars: | 2022-11-15 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

Municipal bonds, or munis, have outperformed other bonds this year, but have still slumped. "We suggest that if you're investing in municipal bonds, individual bonds, you invest in 10 different issues with different credit risks," he said. Investing differs from stocks Muni bonds serve a different goal in a portfolio than assets such as stocks, which you hope go up in value over time. "There's typically some price appreciation with it but it's hard to bank on price appreciation unless you're a very active muni bond trader," said Tyner. Diversified muni bond mutual funds are also a good option for investors, giving access to the muni market without having to take on the risk of buying individual bonds.

☆ Here's how uber-rich pass wealth to heirs tax-free when markets are down
▼ + stars: | 2022-10-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

But for the uber-rich, it may offer a route to lower estate taxes down the road. That's because one type of trust gives them better odds of shifting some wealth to their children, grandchildren or other heirs tax-free when markets are down — but a subsequent rebound is expected, according to estate planners. Afterward, any investment growth passes to their heirs and the owner gets back the principal. The investment growth becomes a tax-free gift to heirs. Absent growth, the asset simply passes back to the owner without a transfer of wealth.

It's never too early to start thinking about next year's tax bill, and what you could deduct. Contributing to a tax-deferred account allows you to deduct contributions from your income, which will help you reduce your taxable income and save on your tax bill. After the $130,000, the Social Security percentage disappears, and you pay Medicare taxes (2.9%) on your entire income. Read more: 5 changes to expect when you file your tax return this yearOn a $150,000 profit, you will end up paying more than $20,000 in Social Security and Medicare taxes in addition to income taxes, noted Amedian. Contribute to a health savings account (HSA)Certified Public Accountant Riley Adams, who also blogs at Young and the Invested, wants to remind taxpayers it's never too late to open a health savings account, or HSA.

Persons: It's, —, it's, whittle, Dave Du Val, You'll, Du Val, Emil Abedian, Read, Max, Megan Gorman, Gorman, Riley Adams Organizations: Service, Internal Revenue Service, EA, Social Security, Social, Corporation, IRS, Financial Management, Worth Tax, Financial, Young Locations: Plenty

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