What Is Commercial Combined Insurance Policy

In case you are looking for a single policy that can cater a complex security especially for your business then, a commercial combined insurance is the one right for you. The reason behind this is that the policy puts together a broad coverage of insurances into a single package. This may contain the following insurances: policy covering your building, stock items, delivery vans, and employers accountability.

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Safe Practices when Applying for Online Loans

With the presence of the internet, everything just seems easier. You may see yourself being tech-savvy individual and completely comfortable doing things over the web. However, stakes are higher when applying for online loan. Sensitive data from your end will be required by somebody you don’t know. This makes sense in the process as you are taking a significant amount of cash. But the process can be done simpler by taking loans from https://www.californiatitleloans.org.

The safest and most secure way to which you can take loan online is by doing business with a reputable and known lender. Of course, do this while ensuring that you are watching out for red flags.

Let us face it, it’s a real and serious risk to lose money. For fake lenders, it’s effortless for them to setup shops, make false promises and then, charge a hefty price just to have your loan approved. Then at the end of the day, you do not get what you have paid for. Another probable risk of applying for online loan is paying too much. Here, even if you get approval from the loan, there is a chance that you may find yourself paying more because of interests and fees. This is normal when you are transacting from lesser known lenders. The irony, you can get the same loan for a lesser price when talking to reputable lenders.

Don’t Become the Next Victim

When applying for loans online, a possible problem that you may deal with is identity theft. When applying for loans online, you are freely and willingly giving your personal information to someone you do not know. If this information falls to the wrong hands, then you may fall victim from identity thieves. If not, you might have given it to websites that have no appropriate security to protect your personal information.

Items that are frequently required when applying for loans which is also useful to steal someone’s identity includes but not limited to:

  • Social Security Number or SSN
  • Date of birth
  • Current and past addresses
  • Complete name and contact details

Selecting Your Lender

Talking to a reputable and legitimate lender prevents problem from arising. Having said so, make sure that you’ve  positive and negative. Bear in mind as well that not all you find online is true. There is a chance that the reviews you’re reading came from fraudsters or employees of the lending company themselves.

Therefore, it is best if you’ll borrow from lenders offline or online that you have heard from a trusted source.

Politics

The Political Agenda Behind Credit Reporting Agencies

In this generation, we are living within a digital financial framework. Identities of Americans exist in set databases made to monitor details about them and used mainly to run commerce. This power destroys anonymity which takes even the slightest info about our social bonds and reputations then converts them straight into structured data. This very same structure can tag you with bad credit and ruins your chances for further finances not if you consider other specialized lending institutions. Check out https://www.forafinancial.com/blog/working-capital/get-business-loan-bad-credit/ to help you get your finances straight.

Driving all this are the credit reporting agencies (credit bureaus), like Equifax. The credit reporting business acts like a governor of each and everyone’s credit interactions, reputations as well as individuality. It had been recognized by the congress in the late 60s to early 70s that the power inlayed in data involves political matter and thus developed a regulatory command for these agencies. However, through the years, the regulatory program vested upon these agencies is insufficient. The government bodies such as the Federal Trade Commission (FTC) and also the Consumer Financial Protection Bureau (CFPB) are generally poor. Therefore the credit-reporting program on which we have vested our identities as well as our commercial existence continues to be opaque and also susceptible to misuse.

Credit Reporting Background

Credit Bureau Prior To The 70’s

Like organized business relationships, prejudice and biases have been integrated into the rules of the Credit Bureau and the types of facts they collect. Before 1970, Black, gay, single women, or a person with a strong political opinion – all of these could make an impact on the person making it difficult to find jobs, get credit, loans, insurance purchases, or stay away from police investigations. In WWII, credit reporting agencies conducted loyalty checks on the military to keep the business. This relationship continued even after the war. Millions of Americans undergo background checks for many reasons but mostly political in nature.

Credit had been always associated with social norms. In the 19th century, black and white tenants were exposed to undesirable interest rates and also credit terms to undermine their freedom. In the 1950s, a fixed-rate mortgage for 30 years was a liberation force for white families and the strict credit circumstances for black families were a way of controlling races.

Since the 1950s, politicians have received grievances from people who have severely suffered due to bad credit reports. And while many ordinary citizens suffered by mere noise from their apartments, that would enter their credit report and will eventually destroy the reputation of one person. As suggested by the CEO of Retail Credit in 1968, this is a “discipline” for US citizens.

The Age of Computerization

The changes that took place in the 1970s were mainly computerization of identity and money. Americans have seen the verge of computerization than the prediction of data problems. In the 1960s, there were many books on databases of American society as well as congressional hearings on this matter. In 1974, Congress included the Federal Act’s authority to manage all databases in the Privacy Act, however, it was withdrawn immediately as an act for a favor to a Republican staff who helped the conference committee discussion.

This birth and the expansion of the credit card business clearly required a means to confirm identities quickly. It required a computer system, which meant the credit reporting agencies along with their lengthy files of claims from nosy people which will soon prove useless.

The Introduction of Fair Credit Reporting Act (1970)

Then came the FCRA or the Fair Credit Reporting Act of 1970 (and soon after the law to regulate debt collection practices). The FCRA had been the very first federal law to regulate data use and is part of a legislative initiative motivated through the civil rights movement. This essentially views credit report as a public tool that had been given a new set of rules. This includes the principle of anti-discrimination and the rules by which people share information and data.

The FCRA is not perfect, but the transition from social relations to structured data has brought significant changes to the politics of credit share. The FCRA was written by liberals trying to stop discrimination in the business community. While it did not totally remove it, it had a major impact on preventing the apparent racism and gender discrimination realized by credit channels.

There is now a dynamic domestic and international credit market. We do not take into account the cost of goods and services traveling abroad or using a credit card. Manage your pipeline tasks for all payments and identities. Discrimination is absolutely not permitted, and debt collection is somewhat regulated.

Discipliine in Credit and Commerce

The foundation of credit and business is discipline. When you borrow money, you owe something to the creditor. You can’t have a business community unless you’re sure who’s accumulating debt. If you do not recognize your identity and account, you can not deposit salaries into people’s accounts. Banks, workers, and merchants cannot just trade cash. Whenever you use a card to pay for anything in a store, whenever you place an order online, rules are made that make your business life less difficult.

The terrible thing about the old credit bureau is that it doesn’t track people, but the rules had been constant with the sensitivity of racism and gender discrimination that we abandoned. This is not the collection of data, but the use of data to empower people to manipulate people in a way that we think we hate.

Politics

Trump Unleashes a New 10% Tariff Threat vs China after Latest Trade War Talks Ended Last July 30, 2019

Trump’s latest announcement of imposing a 10% tariff on the remaining $320 billion worth of Chinese goods entering the U.S., clearly denotes that the most recent U.S.-China did not end well. Although Trump had previously described the ongoing talks as “constructive”, his newest tariff announcement, is an indication that nothing constructive was agreed upon by both sides.

Effectivity date of the new tariff is on September 01, 2019, which means it could still be averted if China makes good on its previous commitment. According to a White House announcement, trade negotiations will resume in Washington by early September.

Trump Asserts China is to Blame Why Recent Negotiations Failed

According to Trump, China failed to honor its previous commitment of increasing its purchase of agricultural products as a show of goodwill. In return, the U.S. government eased sanctions imposed on controversial Chinese telecoms giant Huawei Technologies Co Ltd.

Yet according to Chinese state media Xinhua, the government of China declared that millions of tons of soybean shipments from the U.S. arrived in China since July 19, 2019; whilst numerous Chinese companies have placed new orders for U.S. cotton, soybean, sorghum and pork.

Trump vows to increase the 10% tariff to 25% if after the September resumption, China will not budge from its present negotiation demands that include stripping of the existing duties that were imposed during the ongoing trade war.

To date, the U.S. imposes tariff rates of 25% exclusively on $250 billion worth of Chinese imported goods. On the other hand, China applies exclusive 25% tariffs on U.S. imported goods valued at $110 billion. If Trump will not find future negotiations favorable, the 10% tariff on the $320 billion worth of Chinese importation will be raised to 25%.

Prior to the closing of the 2-day trade talks in Shanghai, Hua Chunying, the spokeswoman for the Chinese Foreign Ministry said that it was clear that the United States continued to “flip flop” on the negotiations, although she added that she was not aware of the latest developments that transpired during the ongoing talks.

Investments

Political Power and Fair Lending Rules

Consumer credit or consumer debt, like what Forbrukslån.com offer, is personal credit or debt taken for the procurement of goods and/or services. While any form of personal loan can be regarded as consumer credit, the word is typically utilized to refer to a debt or credit that is unsecured taken on to purchase daily goods as well as services. Usually, consumer credit is not utilized to describe the buying of a house, for instance, wherein it is regarded an investment that is long-term and is typically bought by means of a mortgage loan, which is secured. Offered by retailers, banks, and others, consumer credit allow for consumers to immediately buy goods or contract services and settle repayment over a period of time including interest.

Politics and Fair Lending Rules

As per a statistical research, when home-state senator ascents through the ranks, lenders stand on the winning point whereas consumers of color as well as low income earners are on the losing point. Lenders who are shielded by powerful and influential office-bearers seem able to lessen their compliance with the rules on fair-lending without the probability of penalizations. Reductions in the compliance of fair lending rules are most obvious in vicinities where financial institutions, such as banks, have evidence of allocating donations for campaigns to these legislators.

These discoveries, together with the deregulatory actions by the Trump Treasury Department, carry extensive repercussions for the future of regulations and laws that work to fight against lending practices that are unfair and discriminatory.

The Community Reinvestment Act has been in the news broadcast, with the Treasury Department of the United States implying major amendments to the landmark 1977 legislation necessitating banks to create and offer loans areas that are undeserved inside the communities in which they operate.  Supported by the industry of banking, the Treasury has made a proposal for a series of amendments or revisions narrowing down the range of enforcement as well as to for it to be less difficult for lenders to attain high scores for fair lending.

Reduce Compliance Because Of Political Protection

Regulators, however seem to encounter obstacles in implementing the standards on fair-lending like that CRA as well as the Equal Credit Opportunity Act or ECOA.  It has been documented that the compliance of lenders with the standards on fair-lending were subsequently reduced when their voted representative or politician grow to be more influential and powerful.  With this power, they are able to influence how rules are enforced or implemented by regulatory agencies. Accordingly, lenders who are protected by these politicians could lessen compliance with the regulations on fair-lending without worrying about the possible adverse penalties.  In accordance with this case, after home-state representative climbs the ladder to become the head of a focal committee, lenders are found to limit the offers on credit to populations that are underserved like racial minorities as well as low income earners.

 

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When is the High-Time to Get Personal Loan?

Money is a big factor when making a decision. On the other hand, there are unforeseen events like hospitalizations, calamities and the likes that require immediate fund which probably most of us do not have. These are urgent issues that can’t be delayed. In this regard, getting a personal loan from Zebra loans would allow you to flex and work your way out.

Besides, there are many good reasons why it is smart to apply for personal loan and how it can positively impact your life and your family’s.

A Brighter Future

Education isn’t just important to prepare us for what life has to bring. It is also a long-term investment.

This is regardless if it is about pursuing higher studies for personal career development or to fund college education of your children and secure their future.

While education is a basic right for everyone, unfortunately, not everyone can afford it. If you wish your child to get high-quality education at premium schools, then better start saving now. A good way to jumpstart your savings is by applying for loans and paying it off gradually. Of course, try to find those that have low interests.

Hospitalizations and Emergency Situations? Not a Problem

Your health insurance and emergency fund must not and never be compromised. These unforeseen healthcare expenses such as medications and hospitalizations can easily drain your wallets and bank account. But worst come to worst, there are personal loans that you can lean on which can just save you from this trying time.

If for instance that you are expecting a child and you believe that the cost of maternity and labor is something that would go beyond your prepared budget, it is best that you apply for a loan immediately.  These are expenses that couldn’t be delayed. A loan can just save you.

Another instance of unexpected situation is the sudden unemployment or calamity that can empty your savings. But this wouldn’t happen if you have emergency funds. On the other hand, it will take a while to build it since it would need to be an equivalent to 6 to 12 months of your living expenses. Again, to help you build your savings and be ready for anything, it is sensible to apply for personal loan with low interests.

Unpredictable Future

You may not like the idea of getting a personal loan but when the time comes you need such, you’ll be pleased that there’s such option available.

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Major Components that Completes Government Budget

There are various policies that the government creates and implement. All in all, the primary goal is to secure social as well as economic growth. To be able to implement these policies, it needs to spend loads of money to fund administration, defense, development, welfare projects and several relief operations and whatnot.

A Big Responsibility has to be Fulfilled

Therefore, it is critical to find out all the possible sources to get the necessary funding including watching crypto signals and other investment schemes so by that, sufficient revenue could be generated.

This is the time when thorough and proper budgeting comes into play. The term has originated from a French word “Budgette”. This basically means a wallet or leather bag. It’s a statement of government’s financial plan. This is showing the expenditure and income of government throughout a given year which typically runs from the 1st of April to the last day of March.

As a matter of fact, budget is the single most important document that a government has.

A part of their budget strongly works the same way with annual report of a private company.

This is showing the overall picture of financial performance of the government. Another integral part of budgeting is to demonstrate the financial plans of the government until the next budget kicks in.

Why the Citizens should be Informed about it?

Therefore, each and every single citizen of the nation regardless of the age and stature is eager to learn where does the budget will be allocated. With this, they’re going to have an idea on where the country’s money will go and how it was spent like for example:

  • The overall financial performance of the government from last year
  • Knowing about financial programs and policies of government for the upcoming year and;
  • Figuring out how their way of life would be affected by the new financial policies for next year

There are various methods in which budget receive financial support. Among which is through revenue budget. In this financial statement, it contains financial statement that includes government’s revenue receipts or the collected revenue by means of taxes as well as other receipts. Then there’s capital budget or the projected capital account for the following financial year.

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The Government’s Take on Crypto Trading and Currency

A known misconception with regards to blockchain realm is that, it is just purely about technology – nothing more, nothing less. The systems begin and finish with human interactions. In cryptocurrency environment, this phrase is totally understandable but the true challenge is making others mindful about this technology and existence. At the same time, the fact that it is not solely based on cryptography as well as algorithms.

Though there are those who use the best crypto trading bots online to increase digital currency, still part of the process is to educate others about it.

Back in the early days of cryptocurrency, it is noticeable that one critical concern to be addressed is bringing it in front of government regulators.

Unless this does not get government’s attention, blockchain technology will be kept in the dark.

We had to become part of this discussion in order to educate such individuals. After all, they are the ones who have the power in stifling innovation and regulating crypto out of existence.

Data Management, Privacy and Security

There’s no entity that’s more concentrated on how data and security is handled than the government and its branches. The main objective of the government is to assist its people which are the very reason why there are laws. These laws are designed and thought thoroughly to enforce the proper handling, storage and collection of data. But of course, no process and system is perfect.

Government’s Sentiment and Motivation

Before, blockchain technology and cryptocurrency was decentralized. Meaning, there’s no specific regulating body that is handling it. Those were truly the tough times as companies ought to navigate through a minefield where government entities are trying to keep tabs with the regulations and rules that were no near applicable to the industry.

These days, there are of course some difficulties associated in crypto environment. However, since there are regulations being formed, these challenges are more manageable to handle and overtake. So to assure that the regulators can get it right, some of the pioneers are fighting hard to have a seat at the table along with traditional currency.

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New Tariffs Imposed By the US President

Donald Trump, the president of the United States says that his protectionist trade policies boosted economic growth. However, his opposition and critics say otherwise – stating that there’s handful evidence that is supporting this claim.

US President Donald Trump has threatened over the weekend in re-escalating the trade war with China. This is by means of increasing the tariffs on almost all imported products coming from the said country. He has implied as well that this move isn’t going to hurt the US economy and had said that the tariffs that were imposed are partially responsible for greater economic results.

Going Strong?

According to advisers of the US president, it has expanded the argument saying that there has been a 3.2% growth in economy. An increase in the first quarter of this year – this includes a positive contribution from the exports, which serve as proof that the hard-line trade policies of the president are truly helping the US economy to grow. Well this has been felt by many citizens in the state by being able to qualify for Laina and buy the house of their dreams.

Well technically speaking, the secretary is correct:

The net exports have added to growth in first three months as per the preliminary number the Commerce Department had released.

On the other hand, this doesn’t automatically indicate that the tariffs are indeed bolstering the economy. The fact that Donald Trump as well as his team believe otherwise can be a smart and tactical negotiation with China – this can give credence to the notion that they are ready to escalate trade war further in the event that their demands have not been met.

However, claiming to have a strong economy can also undermine Trump’s position and set up the economy and even the financial markets for unpleasant surprise in case that his bluff is called.

The Explanation

To calculate the size of US economy, the GDP is deceivingly simple. It’s combining multiple metrics in economy including:

  • Business Investment
  • Consumer Spending and;
  • Government Spending

At the same time, these factors difference between the value of what’s being imported and exported by the United States.

And for over 4 decades, the difference has mostly negative. This is because America has bought more foreign services and goods than what it sold. Simply speaking, their imports have exceeded exports. Meaning to say, America’s GDP was lower due to the trade.

Politics

U.S. Vice Pres. Pence Sees Mexico Tariff Kicking Off On June 10, 2019, Not Unless…

After meeting with the Mexican envoys to discuss solutions for averting the dreaded 5% – 25% tariffs that the U.S. will impose on goods imported from Mexico, U.S. Vice President Mike Pence said the tariffs are likely to kick off as announced on Monday, June 10, 2019. Not unless the delegation headed by Mexico Foreign Secretary Marcelo Ebrard returns to the negotiation table with an acceptance of Trump’s demand for a “safe third country” agreement and of the “Migrant Protection Protocol.”

However, instead of accepting those conditions laid out to them last Wednesday, the Mexico envoys returned with a promise to deploy around 6,000 of the Mexico’s National Guards to the country’s southern border with Guatemala. The purpose of which is to cut off the flow of Central American migrants whose advancements to the US – Mexico south border has led to even sharper increases during the recent past months.

According to V.P. Pence, Mexico’s non-acceptance of the aforementioned conditions, is for the U.S. president to decide. Pence though, hinted that negotiation talks will continue.

Trump views the Thursday negotiations as having made “a lot of progress”, and is expressing determination to impose the initial 5% Mexico tariff on June 10, 2019 (Monday.) Yet, he is also dropping hints that are not short of dangling possibilities of foregoing the tariffs altogether. That is, if Mexico fully accepts the “safe third country” agreement and the “Migrant Protection Protocol.”

When asked by reporters about those specific demands, Mexico Foreign Secretary Ebrard avoided the question, but commented that the meeting on Friday could be one of the last sessions in the negotiation talks. Other Mexican officials said that they will agree to solutions in curbing the flow of asylum seekers, but only if such solutions are dignified, as well as effective.

What Exactly is the “Safe Third Country” Agreement?

Under a “Safe Third Country” covenant, a country agrees to grant asylum to refugees if that country has jurisdiction on the territory on which the refugees first set foot or landed. If this agreement is accepted by Mexico, the country automatically becomes responsible in granting the refugees asylum, as well as in preventing them from pushing forward should they prefer the U.S. as their place of asylum.

As it is, the government of Mexico is hardly in a position to take in hordes of refugees, in light of the country’s own economic conditions. In fact Mexico President Andres Manuel Lopez Obrador had slashed down the country’s immigration and refugee budget for 2019. According to reports, Mexico’s refugee agency is practically receiving less than $1 million for the year.

Canada, the only country with which the U.S. maintains a “Safe Third Country” agreement is currently seeking to end the pact, as Canadian official no longer regard the U.S. as a safe third country. .

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Ecommerce is Driving World’s Economy

With the unstoppable development and growth of electronic commerce or as we simply known as eCommerce, many companies and even regular folks have started to join the bandwagon. Now, they are beginning to reap all the benefits that this industry has to offer. However, it will require proper training and knowledge to get the results you were expecting. This is exactly what you will get when you check out Hustle Life.

The Life and Blood of an Economy

The most basic and common transactions in any country’s economy is none other than the buy and sell of goods. Believe it or not, it keeps on undergoing changes which serves a massive impact on various companies and the way they are doing business.

Quite simply, eCommerce has changed the timing, practice and technology of B2B and B2C commerce.

In reality, it has impacted how products are priced, its availability, transport patterns as well as consumer behaviors, especially in well-developed economies.

Steady growth in B2B eCommerce has also altered the profit and cost scene for companies in a global scale. At a microscopic level, the growth of various B2B eCommerce brought significant reduction in transaction cost while improving supply chain management and reducing costs both for domestic and global sourcing. On a macro level on the other hand, the continuous growth of B2B eCommerce puts a downward pressure on the economy’s inflation while being able to increase profit margins, business competitiveness and productivity.

2x Growth for Business to Consumers

Using eCommerce for retail, it is undoubtedly become the quickest growing trade sector. Additionally, it has outpaced virtually every other manufacturing and trade sector since 1999. This is when the US Census Bureau began to collect and publish data on eCommerce.

Few years later, that figure grows to more or less 2% and by 2008, it had grown to 3.6%. By the end of 4th quarter of 2010, it takes another step in the ladder and reached 4.4% of the total retail sales in the US. In dollars, retail revenue from eCommerce stands at around 165 billion dollars.

eCommerce is Setting its own Demand Patterns

As world’s technology is constantly innovated, it made eCommerce and globalization more intertwined. The sellers and buyers increase their connectivity and speed to which they do sales transactions. And this plays a great influence especially in recent turmoil in supply chain networks and financial markets. It’s because of the simple reason that as the sales transaction is sped up, it delivers positive effect in correcting the market and economy as a whole.

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Importance of Investing at an Early Age: How and Where to Invest

“Often greater risk is involved in postponement than in making a wrong decision.”

-Harry A. Hopf

The most crucial thing to a young professional or those who are just starting to save money is investing at an early age. What Harry A. Hopf simply wants to say is that the earlier for you to start investing through WOT Asia, the better or the higher the profit. Global Oil Market Investment  will bring your investment to the next level because the best management firms will be handling your money in order to have a higher return of investment. 

That being said, there is low risk because your money is in the right hands. However, the problem is that younger people tend to oversee the need to save money for retirement. It basically not that significant. Hence, it is important to educate the younger generation. f you are reading this and you are new to investment, then you must keep on reading.

When you are investing, you must understand that what you are actually doing is either purchasing a very small portion of the company or a commodity with the hope that the company will increase its sales years from now or the commodity will grow overtime.

Where Should I Invest Money

When it comes to investing money, you have plenty of options to choose from:

1. Stock Market– this is probably the most popular option when it comes to investing your money. It works by buying a small portion of the company hoping that it will make more profit. When the company profits, you will be given a part of that profit based on how much your bought. Basically when the value of of the money grows over time so is the price of your share.

2. Investment Bonds– when you buy a bond, then you are loaning money either from the company or the government. How you will gain from this is when the company or the government pay you interest on the loan. Compare to stocks, bonds are less risky. However, since it is less risky, the the return of your investment is lower as well.

3. Mutual Funds- for those who are just beginners when it comes to investments, this is what most of them are purchasing. It enables you to buy multiple of stocks in one purchase. In this way,your stocks in a mutual fund are typically chosen and managed by a mutual fund manager.

 

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Reason for Hiring a Tax Preparation Service

The time when you must file tax returns is undoubtedly the most difficult and challenging time of your life. The chaos and stress is doubled especially if you are an organization or business. Fortunately, there is a solution to steer of complex filing by hiring Tucson tax preparation services. Such service providers have already handled countless of tax applications for the past several years. Thus, they are in a position of ensuring a smooth and hassle-free service.

No Liked the Process

Let’s face the fact that it is a burden for businesses, organizations or companies to collate, compile and assess their financial transactions in filing the necessary returns for their business and keep its existence.

Leaders, heads and CEOs of these companies are very much aware of the potential consequences when filing inaccurate returns for themselves, their company and their employee.

Basically, it’s a huge financial setback waiting to happen.

This is how crucial and integral proper and accurate tax preparation is. After all, this is the way how government guarantees that there’s credibility and clarity on your finances.

And allow me to share couple of different scenarios if you fail to file your income tax for a given year.

Number 1. In cases where the discrepancy, omission or error was made without intentions to evade taxes, the responsible party might face Income Tax Act which is:

  • Face a penalty of roughly 200 percent of amount of tax undercharged
  • Pay fine of up to 5,000 dollars and/or;
  • Be imprisoned for 36 months or 3 years

Number 2. In cases where discrepancy, omission or error was made with an intention to evade taxes, then the following consequences are applied:

  • Face a penalty of roughly 400 percent of amount of tax undercharged
  • Pay fine of up to 50,000 dollars and/or;
  • Be imprisoned for 60 months or 5 years

How to Prevent Unnecessary Consequences?

Please follow handful of tips below to make sure that you can accurately file your tax returns and avoid these consequences.

Keep a copy or the original receipts – all receipts are vital to have credible and transparent financial report. You may assign someone from your accounting department or team to monitor any financial transactions that your business makes in real-time.

Read articles and magazines related to business – in-depth and broad knowledge in marketing and finance goes a long way. It sets as your cornerstone in learning the best practices for tax preparation.

These might be simple things but failure to do it correctly can put a massive hole on your accounts and reputation.

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Worst Case Scenarios if a Country Failed to Competently Manage its Economics and Finance

For an economy to thrive, grow and have continuous development, it needs to have one crucial aspect, which is none other than strong fiscal outlook. This will serve as its foundation in everything it seeks. Putting the nation on sustainable fiscal route generates positive environment for prosperity and opportunity which is then followed by growth.

Ask any economists, strong fiscal foundation creates a positive chain reaction to the nation by having

  • Increased capital
  • More resources to be used for future private and public investments
  • Stronger safety net and;
  • Improved business and consumer confidence

On the other hand, failing to do otherwise will yield to consequences.

Not being able to address long term fiscal challenges weaken economic environment.

This is due to the reason that it compromise confidence, reduces capital access, deteriorate the potentials for growth and the nation as a whole will be at greater risks of facing economic crisis.

Assuming that long term fiscal imbalance won’t be addressed, then expect that future economy will eventually diminish with fewer opportunities among families and individuals and not to mention, less flexibility to react to national problems in the future.

Imminent Consequences of Incompetent National Financial Management

By this time now, you may still not feel the gravity of the situation that this might have caused. So let me shed you some light by discussing a couple ramifications of a growing national debt.

Number 1. Reduced Public Investment

As our federal debt keeps increasing, the government keeps spending more of its budget on cost of interest, which was supposedly be used on funding public investments.

Number 2. Reduced Private Investment

Federal borrowing will compete for funds in capital markets of the nation. Thereby, this raises the interests as well as crowd out new investment in structures and equipment needed by the business. Entrepreneurs that provide services such as payday loans and whatnot are facing higher capital to keep their business afloat.

At one point or the other, investors will start doubting the ability of the government to repay debt and possibly demand higher interests. If such happens, it raises the cost of borrowing for both households and businesses.

Politics

Accounts of Crypto-Funded Political Campaigns

On May of 2018, Colorado State Secretary Wayne Williams suggested a new political movement financing rules that now include a portion of the cryptocurrency content.

In May 2014, FEC presented a set of regulations that responded to a survey of a super PAC called “Make Your Laws.” The entity advocates to replace representative democracy with a comprehensive liquid democracy and asks for clarification if BTC donations can be accepted to finance political campaigns. During that time, Bitcoin was valued at about $400, and the altcoin was not actually regarded as an accepted means of financing campaigns. The FEC decided that Bitcoin can be accepted as an “in-kind donation” for campaigns. A kind of contribution that supplies the services and goods necessary for the organization’s functions, instead of using the funds to pay for those services and goods.

This means that the campaign cannot pay Bitcoin directly. It should be liquidated and then deposited into the campaign account. In terms of the donation ceiling, the percentage is dispersed throughout the party lines where the Democrats use a limit of $100, the Republicans at $2700 ceiling. Since the advisory opinion outlines recommendations rather than rules, GOP support for a larger cap had later inspired some politicians to allow themselves to go with the $2,700 limit. As the advisory watch laid out the suggestions instead of the guidelines, the Republican support for the larger limit afterward encouraged some political figures to let themselves take the $2,700 cap.

Given the somewhat uncertain federal rules, several state regulators had been struggling with related investigations after the distribution of the FEC regulation.

Politicians Who Advocated Crypto-Funded Campaigns

Below are a few of the most compelling American politicians at the state and federal levels who were transparent on their acceptance of crypto funds.

  • Andrew Hemingway. Hemingway is a Republican candidate for the Governor of New Hampshire in 2014. He is the first in the office who has used cryptocurrency donations during his campaign.
  • Austin Petersen. Petersen is from Missouri, a Republican candidate running for the Senate. He supports cryptocurrency based on his pro-market ideas.
  • Brian Forde. Forde is set to become the political digital currency star. A Democrat seeking to be elected in the U.S. House representing California 45th Congressional District. He previously worked at MIT Media Lab as the head of digital currency. He also had been tech adviser under the administration of Obama.
  • Dan Elder. Elder, Libertarian bidding for the House of Representatives for Missouri in 2016. He held the first campaign to be financed all by Bitcoin.

Other politicians who advocate cryptocurrency during their campaign includes Jared Polis, Greg Abbott, Patrick Nelson, and Rand Paul. Politics is full of inertia and devotedness to the status quo. Therefore, there is no doubt that cryptocurrency for political finance is not even close to popular taking.

Politics

World Leaders Responded to Climate Change via Paris Agreement

Back in 2015, over 196 nations have taken part on a common cause and made a historical agreement. Collectively, they’ve made a vow to do their best efforts in cutting greenhouse gas emissions and pour research and development in discovering other sources of clean energy. This is in an effort to combat climate change.

Whether you believe it or not, USA is one of the leading polluters in the globe. Given the fact that they’re one of the major contributors to climate change, they have heavily supported the historic pact termed as Paris Agreement. This was under former US President Barack Obama’s administration.

The Start of a New World

The agreement was then adopted on the 12th of December 2015 at the UN climate summit in Paris France. This has the aim of limiting warming of planet to below 2 degrees Celsius while aiming to reach 1.5 degrees Celsius by the start of 2100. Being part of the pact, countries were expected to lower its emission of greenhouse gases. The US set a personal goal for itself by facilitating 26 to 28 percent reduction of 2005 greenhouse gas emission levels as 2025 enters. It is actually a big leap and a time-sensitive task as well.

According to an analysis from Nature Climate Change, it has been discovered that we need to stop emitting greenhouse gases by up to 2060 in an effort to keep the warming below the 1.5 degrees Celsius threshold by 2100.

As a matter of fact, this effort has affected the world as a whole for various companies and industries have started the shift on more efficient industrial production. From crypto signals, market trends, etc. are affected by this agreement.

In 2016 of November, the agreement takes effect and required a minimum of 55 countries which account almost half of global emissions to be on board. To date, 179 countries or parties out of the 196 signatories has been accepted or ratified. There are only couple of nations in UN Framework Convention on Climate Change or UNFCCC whose leaders have refused signing the agreement and these are Nicaragua and Syria.

Then All of a Sudden…

But come Trump’s administration, the President made an announcement in 2017 becoming the third country not to be included in this global pact. Though one of the largest contributors of greenhouse gases, they’re the first nation to ever rescind in its commitment to the pact.

Politics

Trump Vetoes Resolution to End U.S. Support of Arab Coalition Forces vs. Iran-Backed Houthi Movement in Yemen

U.S. President Donald Trump sent back to Congress without Executive Approval, the joint resolution passed by Senate last March 13, 2019 under S.J. 7. The joint resolution bars Trump as the Commander-in-Chief of the U.S. Armed Forces from approving further provision of military assistance, to the Saudi-backed Arab Coalition Forces waging war against the Iran-backed Houthi movement in Yemen.

In a letter addressed to the United States Senate, Donald Trump asserts that the resolution is unnecessary, since there are no U.S. military personnel in-charge or participating in the ongoing hostilities in Yemen. Yet he also stated that the resolution presents a

”dangerous attempt to weaken his constitutional authorities.”

S.J. 7: An Unprecedented Bill in the History of U.S. Congress

S.J. 7 of the 116th Congress is a resolution that puts an end to U.S. military support for the Arab-backed coalition forces that intervened in Yemen’s affairs since 2015. The intervention aims to restore Yemen’s internationally recognized government, taken over by the Iran-aligned Houthi. The resolution includes barring arms sales and sharing of intelligence.

Senator Bernie Sanders of Vermont, calls the joint resolution historic, because this is the first time in 45 years that Congress has taken measures to stop U.S. forces from participating in an unauthorized war. Senator Sanders, a long-serving independent from Vermont who later sided with the Democrats said,

”For many years, under Democratic presidents, under Republican presidents, Congress has abdicated its responsibility and allowed presidents to take our people into war without congressional authority,”

Although it is true that there are no U.S. military personnel actively taking part in the long running civil war in Yemen, the U.S. has been refuelling Arab Coalition aircrafts blamed for airstrikes that have killed thousands of Yemen civilians.

Last December 2018, Timothy Lenderking, Trump Administration’s Deputy Asst. Sec. for Arabian Gulf Affairs gave assurance to the United Arab Emirates in a security forum, by stating

“We (Trump Administration) believe that the support for the coalition is necessary. It sends a wrong message if we discontinue our support.”

Still, after Congress passed S.J.  7 last month, the U.S. military has ceased refueling Arab Coalition aircrafts.

Investments

Source of Foreign Investments in New Zealand

While 12% of Foreign Investments in New Zealand is accounted to Financials allowing easy land purchase and extending financial help such as easy loans to the average working class of the country, 18% of Foreign investments had been accounted to Energy, power, and utilities.

The top three largest foreign investors in New Zealand is reported to be the United States, Canada, and Australia. Following the top three are China and Singapore (report has sourced from Overseas Investment Office analysis). A report on overseas direct investment also said that Canterbury, Southland, and Otago regions made up 49 % of most freehold land agreed to within the Overseas Investment Act.

Generally, the overseas direct financial commitment in New Zealand had been accounted for as follows; the United States and Canada 17 % and 15 % respectively, Australia 12 %, China 9 %, and Singapore 8 %.

— New Zealand Herald

The strong economic growth in New Zealand proves to go stronger compared to its neighboring countries. And because of this, New Zealand continues to be an attractive investment to many overseas investors all over the world. Research shows a growing number of foreign investors spread throughout varied sectors in the country.

Top Foreign Investments Per Sectors

Three sectors come strong in the interest of investors which are utilities, real estate, and food. And even there’s a surmounting amount of over $3.4 billion in investment in agriculture, it has not made to the top 10 sectors that were openly disclosed to the public.

Asian investors in New Zealand usually focused on agribusiness, food, and waste management. Investors from the United States and Australia have a broader approach, making their investments in a broader approach. The top 10 largest investments account for only 33% of the total overseas investment of $26.3 billion. It had been noted that the largest single transaction totaled to $1.3 Billion which had been listed under a Hong Kong investment company but reported to be a Singaporean owned company.

To this date, New Zealand remains to be open to foreign investors. The country partnering with “quality” overseas investors provides a chance for New Zealand to expand and to be more competitive on a global scale.

The ideal sort of foreign financial commitment is when overseas investors are adding capital into local entities (New Zealand-owned businesses) rather than deals between foreign businesses.

The United States had been the most significant acquirer of parcels of land in the real estate sector within a three year period, from 2013 to 2015. It had been accounted to have contributed 40 % in New Zealand’s total foreign investments. Forestry deals had been the most sizeable factor in the numbers provided in the statistical analysis report of New Zealand’s overall foreign investments.

Politics

Amazon HQ 2 Plans Move Forward: Arlington and Nashville In, New York City Out

Tech giant Amazon pursues expansion plans in Arlington, Virginia and Nashville, Tennessee, whilst scrapping New York City out of the picture.

Nashville was actually chosen in 2018 as a minor player, while New York City was scrapped after much hullabaloo was raised by local grassroots organizations, several New York state politicians and local NY City council members. The subject of protest  was the near $3 billion tax incentive offered to Amazon by the city government, as part of the Request for Proposal submitted to Amazon.

Amazon’s Original Choices

After more than a year of evaluating the proposals submitted by 238 cities, which included Toronto, Canada, the company chose the proposal submitted by the cities of New York and Arlington. The plan was to build 2 additional headquarters instead of building just one (1), whilst dividing the 50,000 new technology-related jobs between the 2 selected cities. The new employees can expect to receive salaries of more than $100K annually.

Actually, the benefits the cities will reap in having the tech giant as new addition to their landscape go beyond the creation of new jobs. According to the tech company, surveys showed that 70 percent (70%) of NYC residents supported Amazon’s decision to accept the NY proposal.

However, the company decided last February 2019 not to move forward with the NY HQ plans, as there are groups unwilling to work with them in connection with the project envisioned for the Long Island City.

Amazon’s new plan though will add only 5,000 new tech jobs to Nashville, the city being ranked Number 45 nationwide as a tech talent resource. Nonetheless, the tech giant plans to construct a 2-tower headquarter at the Nashville Yardsite. The additional office will be instrumental in growing Amazon’s technology hubs and corporate offices in in the U.S. and Canada, as means of easing the current load carried by the existing Seattle headquarter.

Plans for Amazon Expansion in Arlington, Virginia Still on the Table

On its part, the city of Arlington’s proposal includes an offer to give Amazon a $750 million in financial package, which the Virginia General Assembly had already approved with very few resistance. The package is actually more of a performance-based incentive, to which the local government will award financial grants.

That is if Amazon succeeds in meeting Arlington’s expectations once the tech giant builds its 2nd headquarter across the six (6) million sq.ft. space at the National Landing.

Politics

Democrats All Set to Stop Trump in His National Emergency Track, by Using All Possible Means

Many are looking to Congress for actions that would overturn Trump’s national emergency declaration last February 15, 2019. Finally, an announcement coming from the Lower House has been released, stating that House Democrats are set to file a resolution on Friday, aimed at overturning Trump’s national emergency declaration. NY Democrat and Senate Minority Leader Charles Schumer also said

Identical companion legislation to the House resolution will soon be introduced in the Senate”

How the Democrat Resolution will Run in Congress

If filing of the resolution pushes through on Friday, full house voting is likely to take place as early as next week or by the middle of March, 2019. If the bill passes muster at the lower house, it will then move up for deliberation and voting by the Senate. Since the measure will be introduced as a “privileged resolution,” the Senate will have to vote on the House-approved bill within eighteen (18) days.

House Speaker Nancy Pelosi is confident that the bill will move swiftly from the lower house to the Senate and finally to the Oval Office. Her confidence stems from the fact that some lower House and Senate Republicans will side with the Democrats. Republicans who won from perennial swing districts and states; namely Colorado, Florida, Iowa, Michigan, Minnesota, Ohio, Nevada, New Hampshire, North Carolina, Pennsylvania, Virginia, and Wisconsin are in a precarious situation. Apparently, how those GOP Senators will vote on the proposed bill, can impact their chances of winning in the forthcoming 2020 elections.

In the event that Trump vetoes a Congressional resolution that will block the implementation of his national emergency declaration, which is likely to happen, Congress will again go into voting to nullify the presidential veto. This time, a bill overriding the veto must garner at least two-thirds vote in the lower house, and another two-thirds in the Senate upper chamber.

What Happens Next if the Democrat Resolution Fails?

House Speaker Pelosi and Senate Minority Leader Schumer avow that they intend to pursue all possible means to overturn Trump’s declaration. That is assuming that Trump’s presidential veto prevails due to lack of Congressional support in overriding such veto.

The next step available is for the Democrats to a file lawsuit in the same way that 16 American states have already pursued as course of action. Their court petition is to prevent Trump from using military and homeland security funds allocated for their respective state. Many believe that the Democrats have better chances of stopping Trump from his track, by filing their own lawsuit.

Apparently, the Republicans had set a precedent in 2014, when their lawsuit versus the Obama administration, won the support of the district court judge. The matter brought to court pertained to an attempt by the Obama administration to use funds already allocated for other purposes, to subsidize health insurance under the Affordable Care Act. This previous ruling therefore, applies as helpful argument in contesting Trump in his use of his national emergency powers, as means of diverting military funds to his US border wall project.

Politics

What May Happen if Congress Maintains Its NO Border-Wall Appropriation

Trump’s agreement to bring the U.S. government in full operation is only temporary and conditional, giving Senate up to February 15, 2019 to decide on his request for a $5.7 billion border-wall funding. What will happen, if after February 15, 2019, Trump fails to get the funding?

Upon signing the short-term funding bill, Trump still made it clear that his border-wall funding request stays on the negotiations table. If not, he will be constrained to initiate another partial government shutdown or declare a State of National Emergency. This means that if another partial shutdown happens, around 800,000 government workers will once again be without paychecks, while several badly needed government services will be suspended anew.

Now what will happen if Trump decides to use his executive power to declare a State of National Emergency?

Trump’s State of National Emergency Alternative

A U.S. President is empowered to declare a State of National Emergency under the provisions of the National Emergencies Act (NEA 50 U.S.C 1601). According to CNN, the White House is currently updating the proclamation draft that was previously prepared. The draft presents courses of action, in case Trump decides to invoke the power vested by the NEA 50 U.S.C 1601, as alternative.

The proclamation draft will have Trump declaring that

a national emergency exists at the southern border of the United States….. The massive amount of aliens who unlawfully enter the United States each day is a direct threat to the safety and security of our nation and constitutes a national emergency

CNN further reported that if the incumbent U.S. President uses his NEA power to obtain the border-wall funding, the related emergency actions that will be undertaken include extracting sums of budget appropriations, from the following:

National Treasury – $681 million in Forfeiture Funds
Military – $3.6 billion of construction budget
Pentagon – $3 billion in civil works funds
Department of Homeland Security $200 million in unspecified funds

Still, the NEA alternative is not a foolproof course of action, because the amended version of the Act has formally given Congress the power to exercise check-balance; along with the power to invalidate the national emergency proclamation, if found unwarranted.

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