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The Securities and Exchange Commission released final rules for a new regulation that would mandate that public companies disclose whether or not the products they are responsible for manufacturing utilize what are commonly known as “conflict minerals,” minerals associated with human rights abuses, from the Democratic Republic of Congo, where militias use sa
A New York Supreme Court judge has ruled that the Metropolitan Transit Authority payroll tax, which passed the legislature in 2009 in order to address a $1.8 billion budget shortfall, is unconstitutional due to the fact that only some counties are affected by it, according to Bloomberg. The suit was brought against the MTA by Nassau County Executive Edward Mangano, who argued that the tax should be overturned, a proposition with which the judge, R.
The Securities and Exchange Commission announced that it has made its first award under the new whistleblower program, which strengthens the rewards and weakens the risks associated with alerting authorities to corporate malfeasance. The identity of both the whistleblower and the company on which he or she blew the whistle were not named by the SEC, though the press release says that he or she submitted information that eventually led to the government stopping a multi-million dollar securities fraud.
If business is good and you're expanding, the NYSDTF is happy for you. But it is sending out a reminder that with success come responsibilities, financial and otherwise.
The GAO has issued a 28-page report titled "Information on Foreign-Owned but Essentially U.S.-Based Corporate Groups Is Limited." In an online summary of the report, the GAO said that the foreign-controlled domestic corporation (FCDC) ownership structure "could provide a tax avoidance or evasion advantage relative to a structure where U.S. parents own foreign subsidiaries."