Credit Limit – Sznurki http://www.sznurki.net/ Thu, 16 Sep 2021 09:08:33 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://www.sznurki.net/wp-content/uploads/2021/04/sznurki-icon-150x150.png Credit Limit – Sznurki http://www.sznurki.net/ 32 32 10 Ways To Boost Your Credit Score For Car Leasing https://www.sznurki.net/10-ways-to-boost-your-credit-score-for-car-leasing/ https://www.sznurki.net/10-ways-to-boost-your-credit-score-for-car-leasing/#respond Thu, 16 Sep 2021 08:54:01 +0000 https://www.sznurki.net/10-ways-to-boost-your-credit-score-for-car-leasing/ Reading time: 3 minutes

With many people returning to their workplace, some may be looking for a new car for their daily commute.

However, with the mid-to-mid-size car costing £ 24,260 in 2021, leasing may be their best financial option, which requires a good credit rating.

To help those with bad credit improve their chances of acceptance, the Vanarama leasing company has created a helpful guide on build a good credit score for renting a car.

Can You Get Auto Finance With Bad Credit?

When a finance company considers applying for a lease, they look for indicators that you are a reliable borrower, such as your income and your credit rating. The better your credit, the less risk you are, which improves your chances of being accepted.

In some cases, you can rent with a bad credit rating, but you will have limited options and you may not be eligible for some offers. Fortunately, Vanarama has created a eligibility verification tool, which can help you determine if you are likely to be accepted for one of their car rental offers.

What is the minimum score required to purchase a report?

Last year, Experian published a report which classified clients into the following categories, based on their credit rating:

  • Super bonus – 781 to 850 points
  • Bonus: 661 – 780 points
  • Non-bonus: 601 – 660 points
  • Subprime: 501 – 600 points
  • Deep subprime: 300 – 500 points

Typically, lenders look for borrowers in the “major” range and above, so you will need an Experian credit score of 601+. You can check your credit score for free on their site.

10 Ways To Boost Your Credit Score For Car Leasing

  1. Did you know that renting can increase your credit score (if you pay your rent on time)? Simply ask your landlord to sign up for the Rental Exchange Initiative.
  2. Dissociate yourself from previous financial partners by closing your joint accounts, as their financial habits can impact your score.
  3. As your payment history is 35% of your credit score, you should always pay your bills on time so that it does not reflect badly on you. Especially since a late payment can remain on your credit report for up to seven years.
  4. Check your credit report for errors and contact the credit reference agency directly to correct any you find. If their investigation supports your claim, the information will be deleted or changed, and your credit score will reflect that change.
  5. Check that your address is correct on old active credit accounts, as this helps to prove the accuracy of future credit checks
  6. Never take money out of a credit card because not only will you have to pay interest charges, but it suggests to lenders that you can’t budget within your means.
  7. If you have a credit card, try making two payments per month and always pay more than the monthly minimum, as that suggests you’re good at budgeting.
  8. If you have old credit accounts that you aren’t using, don’t close them. Although the credit history of these accounts remains on your credit report, closing credit cards while you have a balance on other cards could cause your score to drop a few points.
  9. If you have a credit card, always stay below 25% of your credit limit. For example, if you have an allowance of £ 1,000 on your credit score, never spend more than £ 250.
  10. Limit your new credit requests. There are two types of inquiries into your credit history, often referred to as “hard” and “soft” inquiries. An app can include checking your credit score or allowing a potential employer to check yours. While serious investigations can affect your score from a few months to two years. These demands include applying for a new credit card or a mortgage – so limit them.

Winners of the 2021 Business Motoring Awards


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Do my partner and I need to get a joint credit card? https://www.sznurki.net/do-my-partner-and-i-need-to-get-a-joint-credit-card/ https://www.sznurki.net/do-my-partner-and-i-need-to-get-a-joint-credit-card/#respond Mon, 13 Sep 2021 15:31:49 +0000 https://www.sznurki.net/do-my-partner-and-i-need-to-get-a-joint-credit-card/

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One of the most complicated parts of a relationship is sharing finances. Combining your financial resources can be mutually rewarding and increase your collective purchasing power. Putting two incomes on a mortgage or rent and dividing the household bills can improve everyone’s situation. Open a joint current account is often an integral part of this process. But there is another option: take out a common credit card.

But these types of credit cards come with unusual risks, forcing both parties to take on the debt, even if only one person is spending it. As with any financial move or relationship step, it’s best to consider all of the implications before taking out a joint credit card. Here’s what you need to know.

Read more: Best credit card for September 2021

How does a joint credit card work?

Common credit cards accommodate two individual cardholders, both authorized to manage the card and make purchases. Both parties are also responsible for the balance on the card, regardless of who actually made the spending. That way, a joint credit card doesn’t split the liability in half; instead, each account holder is 100% responsible for the debt.

As such, you will both need to apply for a joint credit card and the issuer will perform a credit check on both of you. As with an individual credit card, a good credit score will be crucial for your approval, but both of your credit histories can influence your eligibility. If a candidate has a low credit score, it could ruin your chances of approval, even if your partner’s credit score is excellent.

If approved, all expenses and payments will be recorded on each cardholder’s credit report. That’s a big risk: If your partner uses their card to the fullest or misses a payment, your credit score could suffer. On the other hand, it can make it easier to keep track of your spending and there is only one annual fee to pay (if applicable) instead of two.

And, a warning: if things go wrong, it can be difficult – and sometimes impossible – to remove a joint credit card holder from a shared credit card.

Which banks and issuers offer joint credit cards?

This type of credit card is relatively rare because issuers ultimately prefer to have only one user who takes care of an account. That said, three players now offer joint credit cards:

  • PNC Bank: Some applications have a dedicated section for a co-applicant, who must provide the basic elements: date of birth, social security number, telephone and e-mail address.
  • American Bank: Once you are the cardholder, you can call US Bank at 800-285-8585 and ask customer service to add a co-owner. They will send you a form that you both need to complete and sign. If approved, your partner will receive a card in their name.
  • Credit unions: Many credit unions offer joint credit cards, including Veridian, AllSouth Credit Union, and Credit Union of Denver. Contact your local branch to find out more.

Alternatives to consider

There are less risky alternatives that serve a similar purpose without locking up both parties – for better or for worse. If you are looking to combine your finances, the following options may be more appealing.

Open a common current account

A joint bank account is easier to open and close than a joint credit card. It is a convenient way to share income and expenses. Most common checking accounts will provide debit cards linked to the account. Although it is still possible that a person empties the account, they would not be able to go into debt.

Make your partner an “authorized user”

Adding an authorized user to a credit card is another easy way to tackle this problem – and it gives you more flexibility to bail out if the going gets tough. Call your card provider to add an additional username; you will need to provide their date of birth and social security number.

But you’ll retain more control as the primary account holder, which means you can add and remove users without penalty and without someone else’s permission. That being said, you will be solely responsible for all charges billed by an Authorized User. Some companies may charge you a small fee for an additional card.

Adding an authorized user may also be a better option when a partner has a low credit score, which would not impact an approval decision. But it could help the authorized user to improve their credit, since the account will appear on their credit report.

Joint Credit Card FAQs

What is the difference between a joint credit card and a co-signed credit card?

A shared credit card gives both applicants equal access to the card’s credit limit and account management. The credit of both individuals will also be impacted. Applicants typically apply for a joint credit card because they both intend to use it.

A co-signed credit card has an active primary owner and a passive secondary co-signer. The principal applicant is the only one to be issued a card. The co-signer only provides a better credit score to help the applicant get approved. If the primary owner defaults, the co-signer is responsible for the unpaid bills and could see a bigger impact on their credit.

Will adding someone to your credit card account increase their credit score?

Adding an authorized user is a great way to improve a person’s credit score because they will have more credit. However, any negative activity by either cardholder, such as maximum card usage or late payments, could affect both the primary user’s credit and the primary user’s credit. authorized user.

How do I remove someone from my credit card account?

If the other person is an authorized user and you are the primary cardholder, all you need to do is call the credit card company and ask them to remove the user from your card account. If the other person attempts to use the card after being removed from the account, the card will be refused.

If you are a joint credit card holder, it is more difficult to remove someone from your credit card. Both account holders must agree to close the account. Before you can close the card, the issuer will ask you to pay the balance. Keep in mind that closing a joint card could affect your credit score as you reduce the amount of available credit you have.

How Do Joint Credit Cards Affect Your Credit Score?

There are no joint credit scores, even if you have joint accounts together. Activity will be reported on each individual credit report, even if you are not the one making the payments or spending the most. Once you have a shared credit card, a person’s financial habits can affect you both positively or negatively.

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Here’s How Much Your Credit Card Is Now On The Dark Web https://www.sznurki.net/heres-how-much-your-credit-card-is-now-on-the-dark-web/ https://www.sznurki.net/heres-how-much-your-credit-card-is-now-on-the-dark-web/#respond Sun, 12 Sep 2021 00:01:30 +0000 https://www.sznurki.net/heres-how-much-your-credit-card-is-now-on-the-dark-web/

Payment apps make it easy to pay off friends, pay a restaurant bill, or order something online. There is also a health benefit, as you don’t have to handle credit cards, ATMs, or cash.

While convenient, payment apps come with risks. There are good and bad ways to use them safely. Tap or click here for our tips on how to lock these apps.

The Dark Web counts personal and financial information among its wares for sale, joining guns, drugs, counterfeit money, child pornography, fake documents and more. Now PayPal accounts are also offered on the illicit market.

Here is the backstory

The Dark Web has long been a haven for stolen credit card information. But a study by cybersecurity firm Comparitech shows that credit card prices have fallen 27% this year, while PayPal account prices increased by 194%.

The average price for a physical cloned credit card is $ 171, or $ 0.0575 per dollar of credit limits. The study showed that the average price of a hacked PayPal account or balance transfer in all markets is $ 197, or 9.2 cents per dollar on the account balance (which carried an average balance of $ 2,133.61).

The price per dollar for PayPal accounts is almost double the price / credit limit ratio on physical credit cards. The price of PayPal changes depending on the type of account. Individual accounts were at the lower end of the scale, going all the way to Premier accounts and complementing Business accounts.

Why PayPal?

PayPal accounts are popular on the Dark Web for several reasons:

  • Buyers can access the account from any location where they have an internet connection.
  • PayPal accounts usually have an existing balance.
  • PayPal is popular because it makes sending money easier. It also works for crooks.
  • PayPal is accepted by countless merchants, services, and retailers.

So how do crooks steal PayPal accounts? They typically use phishing attacks to steal usernames and passwords from PayPal accounts. That’s why you really need to be careful with unsolicited text messages and emails.

Once they steal your credentials, scammers can sell them to a buyer who just needs to log in and do whatever they want with the account. The seller can also transfer money directly to the buyer’s account.

If a stolen PayPal account is connected to a bank or credit card, a rogue seller can transfer money from these sources. They can even use the account’s contact list to request money or make a purchase.

How to protect your PayPal and other accounts

Between data breaches, malware, and other forms of cyberattacks, your online accounts cannot be 100% safe all the time. But there are steps you can take to minimize the risk. Here’s how:

Keep reading

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Use Venmo? Change this setting now for a massive security upgrade

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Five tax issues to watch as Democrats prepare $ 3.5 billion bill https://www.sznurki.net/five-tax-issues-to-watch-as-democrats-prepare-3-5-billion-bill/ https://www.sznurki.net/five-tax-issues-to-watch-as-democrats-prepare-3-5-billion-bill/#respond Sat, 04 Sep 2021 21:00:08 +0000 https://www.sznurki.net/five-tax-issues-to-watch-as-democrats-prepare-3-5-billion-bill/

Democrats are scrambling to craft their multibillion-dollar social spending program while seeking to avoid any points of contention that could threaten party unity.

Many key aspects of the package relate to taxes. Democrats want to expand tax credit extensions for low- and middle-income households that were enacted under President BidenJoe BidenElder pledges to replace Feinstein with a Republican if he wins the California recall election. Defense and National Security Overnight – Out of Afghanistan, But Stuck in Limbo On The Money – Delta Variation Explodes Labor Market MOREthe coronavirus relief law earlier this year. They also want to pay for the spending and tax cuts they are proposing – which focus on areas such as health care, child care and the climate – by raising taxes on corporations and people. high income individuals.

The House Ways and Means Committee, which has jurisdiction over taxes, is expected to begin considering its part of the bill next week. The panel has yet to release legislation.

Democratic lawmakers will need to ensure that all of their provisions can garner the support of moderates and progressives, as Democrats will need nearly every party vote in the House and 50 in the Senate.

This is easier said than done, especially as some members have started to worry about several of Biden’s proposed tax increases. Lawmakers will also need to determine how they wish to design provisions that would lower taxes.

Here are five tax questions to watch as Democrats draft the legislation.


Child tax credit

Democrats broadly support the extension of the one-year extension of the child tax credit passed earlier this year. However, lawmakers face questions about how long an expansion will last.

As a result of Biden’s $ 1.9 trillion coronavirus relief bill, the maximum credit amount increased from $ 2,000 to $ 3,600 for children under 6 and from $ 3,000 for older children. Credit was also made fully available to lower-income households, and the IRS began issuing loan prepayments on a monthly basis. These changes are only in place for 2021.

Many Democratic lawmakers want to make the credit expansion permanent. But the longer the extension of the extension, the higher the cost.

The White House has proposed to make full credit permanently available to low-income households while extending the increased credit amount only until 2025. The Treasury Department estimated that this would cost nearly $ 450 billion over a year. decade.

“I would prefer permanence, but I know there are divergent views from the White House and others,” the Ways and Means Committee chairman said. Richard nealRichard Edmund Neal Progressives Prepare to Launch Counterattack in Tax Fight Democrats Prepare for New Spending Battles on Biden Pelosi’s Agenda Plays Risky House Vote to Consider .5T Budget Approved MORE (D-Mass.) Told reporters in late August.


Corporate tax rate

Biden proposed to increase the corporate tax rate from 21% to 28% after the GOP tax law in 2017 reduced it from 35% to 21%.

Some moderates have indicated that they want a lower rate hike than that proposed by Biden. In particular, the senator Joe manchinJoe ManchinPresented by Schneider Electric – Overnight Equilibrium / Sustainability – Mars rover pierces first successful sample Alyssa Milano lashes out at ‘Texas Taliban’ over new abortion law Over 100 Democrats support age lowering legislation 60 PLUS Medicare eligibility (DW.Va.), a key moderate, said he would prefer a 25% corporate tax rate.

The smaller the increase in the corporate rate, the less revenue generated could be used to offset the cost of Democrats’ spending priorities. The Treasury Department estimated that raising the corporate rate to 28% would bring in about $ 858 billion over 10 years.


SEL deduction

Democrats are expected to include some type of change to the $ 10,000 limit on state and local government tax deduction (SALT) that Republicans passed as part of their 2017 tax law. But it remains to be seen exactly how. lawmakers plan to roll back the cap.

Many lawmakers in high-tax states, such as New York, New Jersey, and California, strongly oppose the cap, and some have threatened to vote against the final bill if it does not repeal the limit. of $ 10,000.

But repealing the cap completely is expensive, and analysts from all ideological backgrounds have estimated that it would primarily benefit higher-income households. When the House voted on a bill to temporarily repeal the cap in 2019, a handful of Democratic lawmakers, including moderates and progressives, voted against it.

Democrats have several options if they want to make changes to the cap without eliminating it entirely. For example, they could decide to increase the limit, or they could cancel the limit only for people below a certain income level.


Capital gains changes

Democrats have major issues to resolve when it comes to capital gains taxes, which are taxes people pay on investment gains.

One of the issues is where to set the maximum capital gains tax rate. The current maximum rate is 20%, but Biden has proposed raising it significantly so that capital gains and ordinary income are taxed at the same rates for individuals and households with income over $ 1 million. Biden proposed a maximum rate for ordinary income of 39.6%.

Some Democratic lawmakers would prefer a smaller increase in the capital gains rate. For example, Manchin said he would prefer a 28% increase.

A second question concerns the tax treatment of capital gains on death. Capital gains are not taxed on death, and when heirs sell investments they have inherited, they only have to pay tax on the difference between the sale price and the value of the investments at the time they received them.

Biden proposed taxing capital gains on death, with a $ 1 million per person exemption. According to the president’s proposal, taxes would not be due on gains on the value of businesses and family farms until the businesses are sold or cease to be family owned and operated.

Even though Biden’s proposal includes provisions to protect family farms, some Democrats in heavily agricultural areas have raised concerns about the proposal.

A document obtained by The Hill outlining the Senate Finance Committee Democrats’ income generation options calls for more generous exemptions than those proposed by Biden. The document provides for an exemption of $ 5 million per person from the taxation of capital gains on death. It also suggests a potential exemption of $ 25 million per couple for family farms, which would be in addition to the general exemption.

A separate item on the Senate Democrats’ list calls on billionaires to pay taxes on their investment earnings each year, as opposed to when the investments are sold. Biden did not come up with a similar proposal.


International tax changes

Biden and many Congressional Democrats have challenged the international provisions of the GOP’s 2017 tax law and want to increase taxes on foreign profits of U.S. businesses. But Democrats have yet to reach consensus on all the details.

The White House has proposed to increase the minimum tax on foreign profits of American companies to 21%. At the same time, the administration is negotiating an agreement with other countries, through the Organization for Economic Co-operation and Development, for an overall minimum tax rate of at least 15%.

A group of House Democrats, including several members of the Ways and Means Committee, expressed concerns last month that the rate of the U.S. tax was increased to a level above the rate established by a multilateral agreement.

secretary of the treasury Janet YellenJanet Louise Yellen Climate presses Biden to replace Fed chairman Medicare reserves remain unchanged despite COVID-19 pandemic Social Security reserves are expected to run out sooner than expected MORE defended the White House proposal on Friday.

“The United States can impose a 21% tax on the foreign profits of American companies, which is still far less than what main street companies pay that make their profits at home and make our companies always more. competitive than they were before ” she tweeted.


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Proposed jurisdictional link requirement for the foreign tax credit: an international tax perspective https://www.sznurki.net/proposed-jurisdictional-link-requirement-for-the-foreign-tax-credit-an-international-tax-perspective/ https://www.sznurki.net/proposed-jurisdictional-link-requirement-for-the-foreign-tax-credit-an-international-tax-perspective/#respond Thu, 02 Sep 2021 08:07:26 +0000 https://www.sznurki.net/proposed-jurisdictional-link-requirement-for-the-foreign-tax-credit-an-international-tax-perspective/

On November 12, 2020, the IRS and the Treasury released draft foreign tax credit regulations, introducing a new jurisdictional link requirement under existing section 1.901-2 (c) of the Treasury Regulations. (Proposed Treas. Reg. Section 1.901-2, 85 FR 72078). This new requirement has been criticized by many business groups and law firms, arguing that it could lead to double taxation.

The measure was proposed to respond to the proliferation of new unilateral taxes adopted by countries deviating from traditional tax rules, such as taxes on digital services. It explicitly targets rules such as the consumer-based linkage of taxes on digital services.

The jurisdictional link requirement would be added to the definition of an income tax under Article 901 of the Tax Code. The proposed rule would require, for articles of the tax code 901 and 903, that the foreign tax law establishes a sufficient connection between the foreign country and the activities or investment of the taxpayer in the foreign country giving rise to the taxable income so that the foreign tax can be deducted from the US tax.

From an international tax perspective, the proposed jurisdictional requirement is incompatible with the principles of the foreign tax credit and detrimental to current discussions on the taxation of digital services.

Background

History of article 901
Existing Sections 901 and 903 allow an income tax credit and taxes in lieu of income tax paid or accrued in a foreign country.

According to an original reading of Section 901, Congress did not require a jurisdictional connection requirement for a foreign tax to be credited. The current section 901 provides that a credit is allowed for any “tax on income, war profits and excess profits paid or accrued during the taxation year to any foreign country or to any possession of the States. -United”. Section 903 includes taxes paid “in lieu of income tax” within the meaning of Section 901 of income tax.

Congress enacted several changes to the foreign tax credit regime. Among the most significant changes, Congress introduced in 1921 a first “blanket limitation” limiting the liability of foreign tax to US tax on foreign source income. In 1986, Congress amended the limitations of the foreign tax credit by requiring that the foreign tax credit be calculated in different categories of income (baskets) (see item). Historically, Congress has never provided a jurisdictional link requirement, with limitations on foreign tax liability to US tax being limited to considerations of source and amount.

Principle of the jurisdictional link requirement
The jurisdictional link requirement aims to limit the tax credit for these types of foreign taxes by excluding them from the definition of income tax. Prop. Treas. Reg. Section 1.901-2 requires foreign tax to comply with current US tax rules in order to be credited. For a foreign tax to be considered an income tax, “the tax must conform to established international standards, reflected in the Internal Revenue Code and related guidelines, for the distribution of profits among associated enterprises, for the attribution of the commercial profits of non-residents to a taxable presence. in the foreign country, and for the taxation of cross-border income according to the source or the situs of the goods (together, the “jurisdictional link requirement”) ”.

For non-residents of the foreign country, income subject to foreign tax must satisfy a different link depending on the type of income. The first link is an attribution of income based on the activity link. The second link is based on the source of income, and the third link is based on the property’s situs. The proposal expressly excludes any link that would be based on the location of customers, recipients of the service or any criteria based on destination (Prop. Treas. Reg. Section 1.901-2).

Nexus requirement incompatible with avoidance of double taxation

When enacting the foreign tax credit, it was suggested that Congress sought to reduce double taxation and promote the competitiveness of U.S. businesses (see item). Article 901 of the tax code provides a tax credit for any income tax paid or accrued in a foreign country. The purpose of the foreign tax credit is to reduce double taxation. See American Chicle Co. v. United States.

Since the original purpose of the tax credit is to provide relief to U.S. taxpayers doing business in foreign countries, the Treasury’s intention to restrict the credibility of the foreign tax might seem politically unwarranted. .

From the point of view of treaties, Article 23 of the United States Model Tax Convention provides relief from double taxation in the form of a tax credit against the United States for income tax paid or accrued in the other Contracting State. However, the provision limits the tax credit available under US law. Here, it must be determined whether a jurisdictional link requirement, limiting the availability of the tax credit, would change the general principle established by Section 901 as enacted by Congress and, if so, would be contrary to the law. double taxation relief offered by the United States. treaty model.

Article 23B of the OECD model convention grants a tax credit paid on income or capital, if the convention provides for the taxation of such income. A question may arise as to whether the unilateral charges referred to in the proposed regulation are charges within the meaning of the Convention. Since OECD Comments Regarding the article recommending granting double tax relief despite qualification issues, the Treasury’s proposal to limit the credibility of certain foreign taxes in response to recently enacted taxes may appear inadequate.

Questions regarding the current debate on the taxation of the digital economy

The proposed jurisdictional link requirement is intended to deter the adoption of unilateral taxes such as taxes on digital services. On the other hand, proposals on the taxation of the digital economy are currently being examined at the international level within the OECD under pillars 1 and 2 and within the UN.

OECD pillar 1 intends to rewrite the rules on the nexus and profit distribution of large multinational enterprises (MNEs) taking into account new business models and to extend the taxing rights of market jurisdictions (which, for some business models , is based on the user’s location).

According to a OECD statement, “In the digital age, the attribution of taxing rights and taxable profits can no longer be exclusively circumscribed by reference to physical presence. Therefore, a jurisdictional link requirement that relies primarily on traditional physical activity and source linkage would no longer be solely relevant when considering new business models and would run counter to current efforts to combat taxation. of the digital economy.

OECD pillar 2 proposes to ensure that international companies pay a minimum amount of tax regardless of their place of incorporation or place of activity. The we also pushed the idea of ​​a global minimum tax. The Pillar 2 proposals differ in that they are based on an income threshold and an effective minimum tax rate to be determined. If the Pillar 2 proposals are adopted, these tax inclusions could lead to double taxation and, if necessary, raise the question of their credibility.

Contrary to current OECD discussions, the UN recently approved in April 2021 a new Article 12B for the United Nations Model Tax Convention on revenues from automated digital services that would allow withholding at source for the State of source on gross payments for automated digital services. Such a proposal would depart from traditional international tax rules. If countries were to implement such a withholding tax on revenues from automated digital services, it would have to be determined whether, in the same way, it would qualify under a jurisdictional link rule.

Conclusion

The jurisdictional link requirement proposed in Prop. Treas. Reg. Section 1.901-2 seeks to limit the credibility of certain foreign taxes vis-à-vis US tax in response to the proliferation of unilateral taxes, such as taxes on digital services, adopted by several countries.

A jurisdictional link requirement that limits the credibility of a foreign tax might not deter the adoption of new taxes and lead to more harm to U.S. taxpayers doing business in foreign countries, as it could raise several double taxation issues. It also does not anticipate the current proposals on the taxation of the digital economy and their future implications. In its current form, this jurisdictional link requirement is fundamentally opposed to the very principle of the primary intent of the foreign tax credit: reduction of double taxation.

This column does not necessarily reflect the opinion of the Bureau of National Affairs, Inc. or its owners.

Author Info

Nathalie Nguyen (nguven.l@ufl.edu) is a student at the University of Florida Levin College of Law.

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Why Nvidia’s future still looks bright after 1,300% returns in the past 5 years https://www.sznurki.net/why-nvidias-future-still-looks-bright-after-1300-returns-in-the-past-5-years/ https://www.sznurki.net/why-nvidias-future-still-looks-bright-after-1300-returns-in-the-past-5-years/#respond Sat, 28 Aug 2021 22:17:34 +0000 https://www.sznurki.net/why-nvidias-future-still-looks-bright-after-1300-returns-in-the-past-5-years/

WWhen it comes to investment rules, Motley Fool analysts Brian Feroldi and Brian Stoffel have no hard and fast rules that can never be broken. That being said, both are very skeptical of companies that rely on one-time purchases and represent technologies that can quickly become commoditized.

This is why the two have long moved away from the graphics chip maker. Nvidia (NASDAQ: NVDA). But when they spent an hour immersing themselves in the business, they were pleasantly surprised. And even though the company’s shares have jumped over 1,300% in the past five years, both now believe there could be significant upside potential in the future. The potential in quantum computing alone, for example, could justify today’s share price.

So far, neither has put any stocks in their personal portfolios. But if you want the eight-minute recap of why they changed their view of the business, watch the video below.

10 stocks we like better than Nvidia
When our award-winning team of analysts have stock advice, it can pay off to listen. After all, the newsletter they’ve been running for over a decade, Motley Fool Equity Advisor, has tripled the market. *

They have just revealed what they believe to be the ten best stocks that investors are buying now … and Nvidia was not one of them! That’s right – they think these 10 stocks are even better buys.

See the 10 actions

* The portfolio advisor returns on August 9, 2021

Brian Feroldi has no position in any of the stocks mentioned. Brian Stoffel has no position in any of the stocks mentioned. The Motley Fool owns shares and recommends Nvidia. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Chase Ink Business Unlimited Card Review: An SMB Card https://www.sznurki.net/chase-ink-business-unlimited-card-review-an-smb-card/ https://www.sznurki.net/chase-ink-business-unlimited-card-review-an-smb-card/#respond Wed, 25 Aug 2021 20:23:33 +0000 https://www.sznurki.net/chase-ink-business-unlimited-card-review-an-smb-card/

When you’re growing a small business, the right business credit card can help you manage your expenses, grow your business credit, and earn rewards for your everyday purchases. And for business owners looking for a simple, no-frills card with reliable rewards and no annual fees, the Chase Ink Business Unlimited card is a great place to start.

While many business cards work to attract businesses that spend in certain categories, Ink Business Unlimited rewards you for all of your spending, regardless of which category it falls into. And now is the perfect time to sign up, as Chase is currently offering a new cardholder bonus and 0% introductory APR when you sign up.

Wondering if Chase Ink Business Unlimited is right for your business? Read on to learn about the benefits of the card and how to decide if it’s right for you.

Chase Ink Business Unlimited at a glance

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  • Annual membership fee: $ 0
  • Introductory APR: 0% for 12 months
  • Regular APR: 13.24% to 19.24%
  • Credit required: Excellent
  • $ 750 offer for new cardholders
  • 1.5% discount on all purchases
  • For more details see rates and fees

What are the pros and cons of the Chase Ink Business Unlimited card?

Advantages:

  • No annual fee
  • Generous bonus for new cardholders
  • 1.5% cashback in all categories
  • Rewards do not expire

The inconvenients:

  • No bonus category
  • Foreign transaction fees

Does Chase Ink Business Unlimited offer a signup bonus or rewards?

Sign-up bonus: $ 750 cash back

When you sign up for Chase Ink Business Unlimited, you will have the opportunity to earn $ 750 in bonus cashback. All you have to do is spend $ 7,500 on purchases in the first three months after opening the card.

Earn rewards

The Chase Ink Business Unlimited is a simple, no-frills credit card. You will earn 1.5% cashback on all purchases in all expense categories. Unlike many business cards, Ink Business Unlimited does not have bonus or spin categories.

Redeem rewards

Once you’ve earned your Chase Ultimate rewards, it’s easy to redeem them for cash back, travel, Apple Ultimate Rewards Store purchases, and gift cards. When you choose to redeem your rewards for cash, you can choose to apply them as a statement credit to your Chase balance or deposit them to a US checking or savings account. There is no minimum to redeem your points.

Another advantage of this Chase card is that you can transfer points to any other Chase credit card – personal or business – registered in your name or that of a member of your household. When you transfer your points to whoever earns ultimate rewards, you can increase the return on your rewards.

When you redeem your rewards directly from your Chase Ink Business Unlimited card, every point is worth a penny. But when you transfer them to another card, you can receive up to 1.25 or 1.50 cents per point when you use them to book travel through the Chase portal.

How do I use Chase Ink Business Unlimited rewards?

When you earn cashback on your Chase Card, you can use your rewards to earn cashback, gift cards, travel, and purchases through the Apple Ultimate Rewards Store.

Are there any other benefits of the Chase Ink Business Unlimited card?

The Chase Ink Business Unlimited comes with several other great rewards. First of all, you can get employee cards at no additional cost. You can set a spending limit on each card, and all spending on your employee cards will go toward your rewards.

This credit card also comes with several other business features such as:

  • The ability to manage your business cash flow by making credit card payments
  • Grow your business credit and access more capital by spending on your Chase card
  • View 24/7 information about your business, including account details, quarterly reports, 24-month statement details, and more
  • Separate business and personal expenses by integrating your Chase Ink credit card with accounting software

Finally, the card comes with several other travel benefits, including:

  • Rental car coverage when you charge your rental fees to your card. It serves as primary coverage for business rentals and provides cash reimbursement in the event of collision and theft
  • Travel and emergency services for medical or legal issues while traveling or if you need other emergency assistance
  • Road dispatch whenever you have a road emergency, whether it’s a tire change, quick start, lockout service or more
  • Purchase protection on new purchases for 120 days in the event of damage or theft
  • Extended warranty protection for one year of additional manufacturer warranty coverage

Is the Chase Ink Business Unlimited Card Right For You?

The Chase Ink Business Unlimited is perfect for business owners who want to be able to use one credit card for all of their purchases. No, the rewards do not match some of the bonus category rewards offered with other credit cards. But for business owners who spend in a variety of categories and want a card with simple perks and no annual fees, this is a great option.

This card could also be a good option for Chase customers who have a fully-fledged Ultimate Rewards card for their personal expenses, like the Chase Sapphire Preferred Card or the Chase Sapphire Reserve, since you can transfer your rewards to this card and get more. valuable .

What is the credit limit on the Chase Ink Business Unlimited card?

When you are approved for Chase Ink Business Unlimited, you get a credit limit of at least $ 3,000 and up to $ 25,000. For credit limits over $ 25,000, Chase has a more in-depth review process.

Is the Chase Ink Business Unlimited Card Worth It?

Because Chase Ink Business Unlimited offers cash back rewards on all categories of purchase, it’s a great option for many businesses, especially those who want to use a single card for all business expenses. But for businesses with more specialized expenses, there may be other cards that are more worth the money.

What’s the bottom line?

The Chase Ink Business Unlimited is a great introductory business credit card for small business owners. It doesn’t require an annual fee and has an introductory APR of 0%. It also has an attractive signup bonus which is a nice plus. Ultimately, if you want to use one credit card for all of your spending and spend in many different categories, this card is a great option.

Are there alternatives to Chase Ink Business Unlimited?

Chase Ink Business Unlimited is a great business credit card, but it’s just one of the great options available. Chase also offers several other business cards, including Chase Ink Business Cash and Chase Ink Business Preferred.

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Child tax credit 2021: what to do if you get the message “your eligibility has not been determined” https://www.sznurki.net/child-tax-credit-2021-what-to-do-if-you-get-the-message-your-eligibility-has-not-been-determined/ https://www.sznurki.net/child-tax-credit-2021-what-to-do-if-you-get-the-message-your-eligibility-has-not-been-determined/#respond Mon, 23 Aug 2021 20:35:04 +0000 https://www.sznurki.net/child-tax-credit-2021-what-to-do-if-you-get-the-message-your-eligibility-has-not-been-determined/

We’re already seeing the positive impact that the first payment of the Enhanced Child Tax Credit for fiscal 2021 has had in millions of American homes. Those benefits, which started to drop in bank accounts in mid-July, have now been followed by a second payment in August, with four more currently scheduled to bring us to the end of the year.

Despite the important help this program provides to families, not everyone’s process was as smooth as they had hoped. One question we have seen asked by many people who access the IRS portal is what to do about the message: “your eligibility has not been determined”. For this you need to follow some steps.

1. Check if you are eligible

Who is eligible?

The new credit is available to taxpayers with a modified adjusted gross income (RGA) of:

– $ 75,000 or less for singles,
– $ 112,500 or less for heads of household and
– $ 150,000 or less for married couples filing a joint return and eligible widows and widowers.

This includes 88% of American families.

Use this practice eligibility assistant IRS for more information on your specific situation, although it should be noted that the IRS makes no warranty as to the accuracy of this eligibility result and accepts no liability arising from your use of this result.

2. Wait for the news, check your stored information

If you think you meet the criteria, chances are the IRS is still examining your account to determine your eligibility. During this time, you will not receive the credit payments. If the IRS is unable to confirm payments in 2021, you can claim the credit on your 2021 tax return when you file in 2022. Make sure all of your information stored in the system is correct.

What to know once eligibility is confirmed

Once this is resolved and if you get confirmation that you are eligible for the child tax credit, you will want to know the following.

How Much Money Should I Expect?

For each child under six, eligible people will receive $ 300 per month, and for children between the ages of six and seventeen, $ 250 will be sent. There is no limit to the number of children in an eligible family and unless you have opted out it is completely automatic, unless you are in the aforementioned group that did not report taxes. The IRS Calculator is available for you.

If you are just filing your taxes for the first time now, you will receive payments for July and August, you will not miss a thing.

When is the credit due?

For Bank deposits IRS says transfers should arrive within three business days. If your credit is sent by mailed check then he could take one to several weeks to arrive.

The IRS says 9 out of 10 people will have received the credit within 21 days, by September 3.

How can I check if the credit has arrived?

First, make sure you are eligible for the Child Tax Credit with this tool from the IRS.

If you haven’t filed your taxes in 2020 or 2019, you’ll need to use this link to the IRS portal. There you can fill in the details necessary to make sure your payments start.

The IRS also has a Faq on its website for other urgent matters.

If you qualify for the credit and have filed your taxes in the past two years but still haven’t received the money, use these tools to check where your money is:

Visit the IRS Child Tax Portal, you can find out when the IRS sent your payment for online and mail payments;
– Check your bank account. It might sound obvious, but it might be worth checking out again. It will appear in your bank account under the name “IRS TREAS 310”.
– Five days after the scheduled filing date, which for that month is now, you can file a trace with the IRS. For domestic mail, you can file a trace four weeks after the expected arrival date. You can do it here.


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What credit score do you need to buy a home? – The Madison Chief’s Gazette https://www.sznurki.net/what-credit-score-do-you-need-to-buy-a-home-the-madison-chiefs-gazette/ https://www.sznurki.net/what-credit-score-do-you-need-to-buy-a-home-the-madison-chiefs-gazette/#respond Sun, 22 Aug 2021 13:14:38 +0000 https://www.sznurki.net/what-credit-score-do-you-need-to-buy-a-home-the-madison-chiefs-gazette/ Getting a mortgage is a little easier now as lenders are starting to ease borrowing standards that have excluded many pandemic-stricken buyers. But easier doesn’t mean easy, and you’ll still need the best possible credit score to avoid further scrutiny from your lender.

A conventional mortgage usually requires a minimum credit score of 620, but you may be able to get government guaranteed loans with a score as low as 500.

Generally, the higher the credit score, the better the interest rate. Nonetheless, lenders can impose their own credit requirements, which means your credit score should be in good condition before you buy.

[Read: Best Mortgage Lenders.]

What is the minimum credit score for a mortgage loan?

The minimum credit score for a mortgage depends on the type of loan – conventional or government backed – and the lender. You won’t find a universal credit score for mortgages.

“While it ultimately depends on the loan, the minimum credit score for a mortgage loan typically ranges from 580 to 620,” says Gina McKague, founder of McKague Financial. “Different types of loans require different minimum credit scores. “

You can choose between conventional or government guaranteed loans, which are insured by the Department of Agriculture, the Department of Veterans Affairs, or the Federal Housing Administration. The government guarantee protects the lender in the event of your mortgage default, which means you may qualify for a government guaranteed loan more easily than a conventional loan.

If you are looking for a mortgage, this table shows the minimum credit score requirements for FHA, VA, USDA, and conventional loans.

Type of loan

Minimum FICO credit score

Made for

FHA

580 with a deposit of 3.5%; 500 with 10% down

Low to moderate income home buyers

Virginia

No defined minimum; most lenders require at least a credit score of 620, but some will allow a score as low as 580

Veterans Buying Houses

USDA

No minimum set, but a score of at least 640 is recommended

Qualified buyers purchasing homes in designated rural areas

Conventional

620 to 640

Buyers looking for traditional mortgages

If you want a jumbo mortgage, which exceeds the government loan limits for mortgages guaranteed by Freddie Mac and Fannie Mae, lenders will expect a credit score of at least 680. In most states, a jumbo loan is a mortgage loan over $ 548,250.

Many lenders require FICO scores of at least 700 for jumbo loans on single unit properties, but VA borrowers can get them with credit scores of at least 640.

[Read: Best FHA Loans.]

Can You Qualify For A Mortgage With Bad Credit?

A bad credit score won’t be a barrier to approval, but it often means paying more than if you had good credit.

Typically, lenders view a credit score as a leading indicator of the likelihood that a borrower will repay a loan, says Glenn Brunker, president of Ally Home, a division of Ally Bank.

The lender, “accordingly, will ask a borrower with a lower credit rating to pay a higher rate, all other things being equal,” Brunker said.

Even a small difference in your interest rate can add up to thousands of dollars over time. A loan of $ 250,000 over 30 years at an interest rate of 4% results in the payment of $ 179,674 in total interest; a quarter of a percentage point more costs an additional $ 13,072 in total interest.

The higher interest rate also translates into a higher monthly payment: you would pay $ 1,194 at 4% and $ 1,230 at 4.25%.

What other factors do mortgage lenders take into account?

A good credit score alone won’t make you a lock on a home loan. Yes, lenders take credit into account when you apply for a home loan but also take your:

– Employment history and income.

– Advance payment.

– Tax declarations for the last two years.

– Savings and investment accounts.

– Profits and losses, if you own a business.

– The debt-to-income ratio, a measure of the share of your income spent on debt repayment each month.

– Negative credit history, including defaults, write-offs or bankruptcies.

[Read: Best Mortgage Refinance Lenders.]

How Can You Increase Your Credit Score To Buy A Home?

If you are concerned that your credit rating is affecting your mortgage eligibility and interest rate, you can try increasing your rating. Start by extracting your credit report from AnnualCreditReport.com.

“Make sure there aren’t any credit report errors on your credit report,” McKague says. “If there are any errors, be sure to contact the credit companies and correct the errors.”

Then take these steps to improve your credit score before you apply for a home loan:

– Limit new credit requests to a window of three to six months before you buy, as serious credit requests can take a few points off your score.

– Pay your bills on time and use sender or calendar alerts to track payment due dates. Payment history represents 35% of your FICO score and is the most important factor that influences it.

– Pay off your credit card balance if you are in debt. Using too much of your available credit or having a balance can indicate that you are overloaded and adversely affect your credit score.

– Keep old accounts open to demonstrate a strong credit history and to improve your credit utilization rate. Closing a card reduces your available credit, which can increase this ratio, a major factor in your credit score.

– Expect to write letters of explanation for negative items on your credit reports.

Allow as much time as possible to work on improving your credit score: ideally six months to a year before you start shopping for a loan.

“Don’t wait until the last minute, when you might end up losing your dream home, a home you’ve already moved into mentally,” Brunker says.

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MOORE: Get ready … Democrats’ next step for you is one of biggest tax hikes in history | texasinsider https://www.sznurki.net/moore-get-ready-democrats-next-step-for-you-is-one-of-biggest-tax-hikes-in-history-texasinsider/ https://www.sznurki.net/moore-get-ready-democrats-next-step-for-you-is-one-of-biggest-tax-hikes-in-history-texasinsider/#respond Wed, 11 Aug 2021 23:48:13 +0000 https://www.sznurki.net/moore-get-ready-democrats-next-step-for-you-is-one-of-biggest-tax-hikes-in-history-texasinsider/

Now this is where the story gets interesting – “Hell No!” an increase in the debt ceiling

By Steve Moore

Sometimes when you walk into a store with expensive goods on the shelves, you will see a sign that says “You break it, you buy it”. That’s a good slogan for Republicans as they fight the left’s economically catastrophic quest to bankrupt our country by allowing some $ 6 trillion in new spending.

It is the economic theory that if the ship is sailing towards an iceberg, it is better to accelerate.

It is a frightening time for our country. Democrats are drunk on power.

Under the Biden-Pelosi-Schumer plan, the national debt – which now stands at almost $ 30 trillion and is well above the warning sign of 100% of our national GDP – would reach nearly $ 50 trillion in 10 years. A new FreedomWorks study shows that debt under the Democratic plan could reach 200% of GDP over the next decade, almost twice as much as at any time in our country’s history.

This debt explosion will occur even if Democrats are also planning one of the biggest tax hikes in American history.

President Joe Biden and House Speaker Nancy Pelosi plan to do all of this without a single Republican vote – except for a handful of GOP Senators and House members who plan to vote the wrong way $ 1 trillion “infrastructure” bill, which primarily funds public transportation and green energy nonsense.

Now this is where the story gets interesting.

Democrats must allow an increase in the debt ceiling to deal with this multibillion dollar tuna.

Republicans say, rightly, “Don’t look at us.”

So now the crowd of Biden and their friends in the media are saying that if Republicans don’t approve a debt ceiling bill, THEY are the ones putting America in a financial crisis.

Virginia Democratic Senator Mark Warner, who is well into Biden’s spending scramble, has kindly said that Republicans should not “play with the full faith and credit of the United States of America” ​​by failing to not cosigning the extension of the debt ceiling.

It’s rich. Doesn’t it seem obvious that the people who put our credit at risk and push us to the brink of financial collapse are the ones who actually approved all of this debt-related spending? They build up the credit card and blame the credit card company for not giving them a higher credit limit. Surprising.

There is another reason the Republicans are playing hard on the debt ceiling bill.

The only time in the past 35 years that poles in Washington – and this goes for both sides – have done anything to control spending was as a condition of raising the debt ceiling. This is how we got the Gramm-Rudman-Hollings reforms in 1985, how the Republicans in 1995 were able to put an end to Bill Clinton’s spending madness, and how we got the Budget Control Act in 2011 with caps of expenses and sequestration if expenses exceed the limits. . All of these measures have helped slow the spending rush.

Democrats want a “clean” debt ceiling bill without new safeguards.

Why? Maybe they have a few trillions more in mind that they want to spend in the years to come.

They adopted a new economic theory of dingbat which they call Modern Monetary Theory, which predicts that the government can borrow from now on until the kingdom comes up with ever larger amounts and nothing bad happens. will produce because we are the world’s reserve currency and foreigners are willing to lend us. low interest money.

Except that history is full of stories of great empires collapsing due to debt and rampant spending. The principles of modern monetary theory have been tested more recently by Argentines, Venezuelans, Puerto Ricans, Bolivians, Zimbabweans and Greeks.

There was no pot of gold at the end of this rainbow – just poverty, hopelessness, and bankruptcy.

Biden’s Democrats control all levers of power, and they use it to “transform” the country in ways few voters thought they would buy into. And, Republicans would be foolish to give one voice for the Democrats’ spending and debt frenzy.

Democrats broke it. They own it.

Stephen Moore, who previously wrote on economics and public policy for the Wall Street Journal, is Senior Fellow at the Heritage Foundation and economic consultant to FreedomWorks. He is the co-author of “Trumponomics: Inside the America First Plan to Revive the American Economy”.


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