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Take Aways 1. The current crisis has shown that the world’s dependence on global supply chains is a weak link 2. Going forward, companies may accelerate their supply-chain transition from China to other parts of Asia. 3. Europe and the US. will continue to protect strategically-important companies from overseas takeovers. 4. Even if a foreign […]
Rise of Economic Nationalism – Post Pandemic Read More »
If you paid a daycare center, babysitter, summer camp, or other care provider to care for a qualifying child under age 13 or a disabled dependent of any age, you may qualify for a tax credit of up to 35 percent of qualifying expenses of $3,000 for one child or dependent, or up to $6,000
Deducting Summer Camps and Daycare with the Child and Dependent Care Credit Read More »
Take Aways: 1. Periodic lockdowns may continue from time to time. It may now be a part of life. 2. Lockdowns and social distancing have accelerated the growth of the so called “shut-in economy”. Get to know that term. 3. Growth in remote working and remote learning will accelerate. Understandably those whose livelihoods are threatened
The Shut In Economy Read More »
https://home.treasury.gov/system/files/136/PPP–Fact-Sheet.pdf CARES Act Penalty-Free Distributions Who can apply? Individuals with an IRA, SEP, SIMPLE, 401(k), 457, 403(b), or DB plan Is there a time limit to apply? Yes — End of the year Who do you apply with? N/A Maximum loan size? $100,000 capped at participant’s account Term? End of third calendar year Deferment? End of third calendar year Interest rate? 0% if
PAYCHECK PROTECTION PROGRAM (PPP) INFORMATION SHEET: BORROWERS Read More »
Take Aways: 1. As we enter summer, politicians face a very very serious dilemma. 2. The economic downturn is disproportionately affecting lower income groups 3. Income inequality may rise within certain nations 4. Aside from worsening poverty, other potentially negative outcomes include, spikes in mental illness, suicides, domestic violence, crime, and malnutrition 5. Economic inequality
Pandemic Lockdowns may exacerbate Inequality Read More »
This section largely references Mark Blyth research. He is a William R. Rhodes ’57 Professor of International Economics at Brown University. He is a co-author, with Eric Lonergan, of 2020 Angrynomics. I also reference Gideon Lichfield from MIT Two competing epidemiological models currently guide and divide expert opinion on how best to respond to the novel coronavirus.
Potential Economic Impact of the Pandemic – Periodic Social Distancing? Read More »
Within the past one hundred years, four pandemics have resulted from the emergence of a novel influenza strain for which humans possessed little or no immunity: – the H1N1 Spanish flu (1918), – the H2N2 Asian flu (1957), – the H3N2 Hong Kong flu (1968), and – the H1N1 swine flu (2009). Most of this
Potential Economic Impact of the Pandemic – Lessons from 2009 H1N1 / Swine Flu Pandemic Read More »
https://www.justice.gov/opa/pr/lake-worth-businessman-pleads-guilty-evading-taxes-millions-income-stashing-funds-secret Lake Worth Businessman Pleads Guilty to Evading Taxes on Millions in Income, Stashing Funds in Secret Accounts Around the World Tapped Hidden Accounts to Buy $1.3 Million Yacht and Waterfront Property Filed False “Quiet” Disclosure A Lake Worth, Florida, businessman pleaded guilty today to tax evasion and willful failure to file
First quiet disclosure prosecution for offshore account income Read More »
It is obviously way to early to accurately predict the economic impact. But international entrepreneurs and expats do not have the luxury of staying still in “wait and see” mode. So a rough sense of outcomes is needed to help forward planning Lessons from 1918 Spanish Flu The 1918 Flu Pandemic which lasted from January
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Lessons from 2002 SARS In 2004, the Institute of Medicine hosted a Forum on Microbial Threats. Out of this workshop came a paper on the economic impact of the 2002 coronavirus outbreak. Their report summarized three mechanisms by which SARS influences the global economy. First, fear of SARS infection led to a substantial decline in
Potential Economic Impact of the Pandemic – Lessons from 2002 SARS Read More »