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G20 Determined To Change How Big Tech Is Taxed

PYMNTS

G20 officials want to optimize taxes from tech giants like Google in a bid to help raise revenues in countries around the world, they said Sunday. New rules by the OECD outline the steps to do this, saying it could boost tax revenues by $100 billion a year. The G20 comments were mostly focused on the U.S.,

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How community banks can help young homebuyers

Independent Banker

The community bank also hopes to participate in a new tax-exempt savings program for first-time homebuyers that was approved by the state of Michigan in April. The new law allows individuals to set aside money for a home purchase down payment, and money saved via the program is free from state income tax.

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Hong Kong Regs Keep Pressing For Treasurers

PYMNTS

“We hope to reinforce Hong Kong’s role as a springboard,” said Francis Ho, associate director-general of Invest Hong Kong, after a seminar at the first International Industrial Capacity Cooperation Forum, held in conjunction with the eighth China Overseas Investment Fair. Reports Friday (Oct.

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7 marketing tips to engage your clients about starting a succession plan

Abrigo

By Warren Sheydwasser With no shortage of tasks to complete during tax season, many financial professionals don’t need help expanding their to-do list. Hold seminars or webinars. Reach out to other organizations in your community and plan a joint seminar.

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Are Employers The Low-Dollar Lenders Of The Future?

PYMNTS

Dochtermann has been involved in extinguishing several employees’ high-interest debts and sets repayment at a 5 percent interest rate, reducing pre-tax compensation by the loan amount. In some cases, those loan programs are married to seminars and financial planning. The move comes as the American worker is facing leveled-up debt.

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Are Millennials in Financial Crisis?

Filene

To help pay down my debt, I enrolled in a financial seminar at the local church and got a second job. I had about $20K in student loan debt, $8K in credit card debt, a car note for $12K, monthly rent and utilities, and of course important things like eating to worry about. I was in over my head and did a ton of worrying.

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Reverse Trend

Independent Banker

However, because some borrowers spent all of their funds without being able to pay property taxes and homeowners insurance, the FHA now typically prevents reverse mortgage borrowers from receiving no more than 60 percent of the maximum amount of their loan within 12 months after their loan closes. About the market.

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