Tag Archives: Warns

IRS Warns on State Charitable Deduction Schemes to Allow Property Taxes Deduction

The Tax Cuts and Jobs Act of 2017 limits the Code §164 deduction of individuals for state and local taxes to $10,000 per year ($5,000 for married individuals filing a separate return). Thus, many taxpayers in states with high state … Continue reading

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Commissioner Quintenz warns “grim” budget situation threatens CFTC functioning, may cause staff cuts

By Lene Powell, J.D. CFTC Commissioner Brian Quintenz warned that if the CFTC does not get a funding increase for FY 2019, the agency may be forced to cut staff and may have trouble meeting its core market surveillance and … Continue reading

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Group Warns D.C. Death with Dignity Act Opponents Not to Try to Repeal Law Again

Compassion & Choices praised Congresswoman Eleanor Holmes Norton for her vow today to prevent congressional opponents of Washington, D.C.’s Death with Dignity Act from repealing the law this year, as she did last year.  The DCDWDA gives mentally capable, terminally ill … Continue reading

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ESA report warns against risks for EU financial markets, Brexit, asset repricing and cyber-attacks key risks

On 12 April 2018, the Joint Committee of the European Supervisory Authorities (ESAs) published a report for the second half of 2017 which outlines the following risks as potential sources of instability: sudden repricing of risk premia as witnessed by … Continue reading

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CFTC funding cut will put markets at risk, Commissioner Behnam warns

By Lene Powell, J.D. CFTC Commissioner Rostin Behnam sharply criticized the omnibus spending bill’s $1 million funding cut for the CFTC, warning that inadequate funding will leave derivatives markets and the public vulnerable to systemic risk and manipulation. Noting that … Continue reading

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