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New Treasury Rules Could Blunt Impact of Tax Cuts for Some Companies

on November 29, 2018

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The I.R.S. rules will force some corporations that operate in relatively high-tax countries abroad to pay a higher effective tax rate than they might have otherwise.

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via NYT Repost by newstimeweb

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New top story from Time: How the First COVID-19 Vaccinations Rolled Out at Hospitals Across the U.S.

Just before 9:30 a.m. on Monday, Sandra Lindsay, an intensive care nurse at Long Island Jewish Medical Center in Queens, New York, became one of the first people to get vaccinated against COVID-19. The jab was the highly anticipated start of what public health experts hope is a nationwide wave of vaccinations that will signal the beginning of the end of the pandemic. The news coincided with a dark new milestone for the country— more than 300,000 confirmed COVID-19 deaths . Only one vaccine, from Pfizer-BioNTech, has received emergency use authorization from the Food and Drug Administration to begin shipping. Another vaccine, from Massachusetts-based biotech Moderna, is up for review later this week. Read more: More Than 300,000 People in the U.S. Have Died From COVID-19 Many hospitals turned the first jabs into a media opportunity, documenting on video the otherwise routine vaccination. But, the seemingly simple process belied a herculean logistical effort to make it