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Business News | From May 20th 2023


Judge Recommends Elizabeth Holmes Serve Prison Term in Bryan, Texas Facility, According to KPRC Click2Houston Report

Elizabeth Holmes is the former biotechnology entrepreneur that was convicted of fraud because she lied about her blood testing company Theranos.

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Experts contend that the proposed legislation to eliminate the transfer tax loophole will not lead to a substantial uptick in payments.

An example of a transfer tax is the estate tax on wealthy individuals. A loophole existed where wealthy people could give their grandchildren money and property without paying estate taxes!

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The Office of the Director of National Intelligence recently released declassified opinion from the FISA Court, which revealed shocking abuses of the highly controversial Section 702 surveillance law. This includes the FBI spying on people protesting George Floyd's death, political donors, and crime victims. In response to this disturbing news, Sean Vitka of Demand Progress issued a statement calling for Congress to enact comprehensive privacy protections for Americans against all forms of warrantless surveillance or let Section 702 expire at the end of 2023.

The Section 702 law allows the government to spy on / target: Non-U.S. persons, Located abroad, Who are expected to possess, receive, or communicate foreign intelligence information. It does not allow the government to target US citizens regardless of location.

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Solar power is not only for the wealthy, but it comes with a cost and typically requires a good credit score to finance it. Unfortunately, less privileged individuals often get left behind in this shift towards cleaner and more economical renewable energy. Nonetheless, organizations such as Solar United Neighbors provide various resources to help people of all income levels make the switch to solar.

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Data from HMRC indicate that more UK businesses are purposely limiting their growth to prevent crossing the threshold for VAT registration. This strategy appears to be a way for companies to avoid having to meet the requirements of registering for and paying Value Added Tax.

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