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NYC Taxi Commission Accused Of $810 Million Fraud

PYMNTS

She’s alleging the city profited by that same amount selling medallions and by collecting a 5% tax on third-party transfers. These taxi medallions were marketed as a pathway to the American Dream, but instead became a trapdoor of despair for medallion owners harmed by the TLC’s unlawful practices,” she added. .

Fraud 223
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Singapore Enterprise Buys TGI Friday’s; Capgemini Acquires Altran 

PYMNTS

Three stores were shuttered in 2018 as profits dipped due to issues with the input tax credit. Universal Success operates Outback Steakhouse restaurants in Southeast Asia, including Malaysia, Singapore and the Philippines. The restaurant has nine locations in India and has been in the country for more than 20 years.

Taxes 108
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Ant Financial Close To Doubled Its Profit In Fiscal Year 2017

PYMNTS

According to a Bloomberg analysis of Alibaba’s recent filing, Ant Financial saw a 86 percent jump in pre-tax profit to $814 million in the fiscal year that ended in March. Ant Financial operates Alipay, the popular mobile payments service in China. trillion mobile payments market in China. percent of Ant’s pretax earnings. .

Mobile 115
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Lessons to apply to business valuations

Abrigo

At what level does the market value the company? Your writer spent ten years valuing companies in the public sector and did work on several IPOs and secondary offers in the those markets. Anything other than that is market timing and not based in the practice of valuation. by running through the company’s operating structure.

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

The markets continue to roll and bond markets continue to trade in a 25 basis point range, hitting the higher end when they think the economy is strong (why else would the Fed raise rates?) Presidential Agenda I am very surprised that the markets are not having fits over the lack of progress on the presidential agenda.

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A Decline in Personal Savings

TrustBank

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. As of October, the US ranked 32 nd according to the Organization for Economic Co-operation and Development (OECD) data. What’s left is an estimate of personal savings.

US 52
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Uber of X: greenRush is The Uber of Cannabis

PYMNTS

After it became illegal in the United States through the Marihuana Tax Act of 1937, the business of selling cannabis went mostly underground. Not until 2004 did cannabis become legal for non-medical use in certain areas of the country. Additional, burgeoning sources of revenue are technology and marketing solutions for cannabis brands.

Las Vegas 140