PYMNTS
APRIL 1, 2019
California is gearing up to get a tax windfall from all the initial public offerings of California companies slated for this year. According to a report in The Wall Street Journal , close to 10 percent of the tax revenue for the state in the coming fiscal year will come from capital gains. billion in tax revenue.
PYMNTS
DECEMBER 15, 2020
Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. California-based Shoe Palace was started in 1993 by the Mersho family.
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PYMNTS
JULY 13, 2020
South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. And, the U.S.
PYMNTS
MARCH 20, 2019
California could receive “$1 billion or more” from the capital gains taxes on the IPO’s stock sales. “We If you’re coming with a $19 billion valuation, you’re talking about [a state income tax rate of] 13.3 Lyft and its investors aren’t the only ones that will benefit from the IPO. percent for the millionaires,” he added.
PYMNTS
AUGUST 28, 2019
It’s a debate with significant implications for lawmakers in areas like minimum wage and tax policy. Labor Department classified these gig workers not as employees, but as contractors, in a case that enabled an unnamed company hiring these gig workers to not have to pay federal minimum wage, overtime or Social Security taxes.
TheGuardian
JANUARY 21, 2024
Tax reform worked. Robert Reich, a former US secretary of labor, is a professor of public policy at the University of California, Berkeley, and the author of Saving Capitalism: For the Many, Not the Few and The Common Good. Trump “was kind of right about Nato, kind of right on immigration. He grew the economy quite well.
CB Insights
FEBRUARY 1, 2022
CoinTracker , a cryptocurrency tax management software provider, has raised $100M in a Series A. The round drew participation from Accel, Coinbase Ventures, General Catalyst, Y Combinator, and Initialized Capital, among others. California-based CoinTracker enables crypto investors to track portfolio performance and taxes.
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