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President Trump
President Trump's tax returns show he has company: How rich Americans avoid taxes

Like President Donald Trump, rich Americans often deploy sophisticated tax avoidance strategies to maximize their wealth. Here are a few.

Salty lake, ponds may be gurgling beneath Mars' South Pole
  • US
  • 2020-09-28 20:47:51Z

A network of salty ponds may be gurgling beneath Mars' South Pole alongside a large underground lake, raising the prospect of tiny, swimming Martian life. In the latest study appearing in the journal Nature Astronomy, the scientists provide further evidence of this salty underground lake, estimated

JPMorgan to let most consumer staff work from home until 2021: Bloomberg News
JPMorgan to let most consumer staff work from home until 2021: Bloomberg News
  • US
  • 2020-09-28 20:46:19Z

The directive applies to most of JPMorgan's U.S.-based employees in the consumer unit and excludes branch workers and some in operations, according to the report. JPMorgan did not immediately respond to a request for comment. Earlier this month, Bloomberg reported that the bank had sent its Manhattan workers home after an employee in the equities trading division tested positive for COVID-19.

LVMH Punches Back in Tiffany Countersuit
LVMH Punches Back in Tiffany Countersuit

The luxury giant argued that the impact of the coronavirus counts as a "material adverse effect" that lets it drop the $16.2 billion buyout.

Trump
Trump's reported tax methods would be par for the course for the rich, experts say

In addition to real estate tax breaks, Trump could also benefit from a broad flexibility available to the super-rich to report personal expenses, such using their own private jets and holiday homes, as deductible business costs, they say. "It would be very common for my wealthier clients in the world of real estate to report losses or to break even," said Robert Keebler who runs a tax advisory firm in Green Bay, Wisconsin, which serves high net worth clients. "It's not something cooked up in some law firm, it's something Congress devised," he said of the tax breaks enjoyed by the real estate sector and investors with capital gains.

Trump
Trump's reported tax methods would be par for the course for the rich, experts say
  • US
  • 2020-09-28 20:37:40Z

In addition to real estate tax breaks, Trump could also benefit from a broad flexibility available to the super-rich to report personal expenses, such using their own private jets and holiday homes, as deductible business costs, they say. "It would be very common for my wealthier clients in the world of real estate to report losses or to break even," said Robert Keebler who runs a tax advisory firm in Green Bay, Wisconsin, which serves high net worth clients. "It's not something cooked up in some law firm, it's something Congress devised," he said of the tax breaks enjoyed by the real estate sector and investors with capital gains.

Top Spain court upholds Catalan president
Top Spain court upholds Catalan president's disqualification

Spain's top court on Monday upheld a court ruling disqualifying Catalan separatist president Quim Torra from office for disobedience, triggering protests across the wealthy northeastern region.

President Trump
President Trump's taxes already at center of at least two New York state investigations

Even before The New York Times' major report, President Trump's taxes were at the center of at least two major New York state investigations.

Maryland county to pay $20 million after police killing
  • US
  • 2020-09-28 20:29:38Z

Prince George's County, Maryland, has reached a $20 million settlement with the family of an unarmed man killed this year while handcuffed inside a police vehicle, authorities said on Monday. Corporal Michael Owen fatally shot William Green after arresting him in January 2020. The settlement is

There
There's Reason For Concern Over AusNet Services Ltd's (ASX:AST) Price

With a price-to-earnings (or "P/E") ratio of 24.4x AusNet Services Ltd (ASX:AST) may be sending bearish signals at the...

Iraqi PM rallies allies to stop US closing embassy after Pompeo threats
Iraqi PM rallies allies to stop US closing embassy after Pompeo threats
  • World
  • 2020-09-28 20:27:15Z

US warned Mustafa al-Kadhimi it will withdraw diplomats if Baghdad fails to prevent rocket attacksIraq's prime minister has rallied allies to help stop the US from closing its embassy in the country after the Trump administration threatened to withdraw its diplomats if Baghdad fails to stop persistent rocket attacks.The ultimatum was delivered over the weekend by the secretary of state, Mike Pompeo, to Mustafa al-Kadhimi, and was followed by a small-scale evacuation from the fortified mission in what officials saw as a statement of intent.But it was unclear if the warning was a ploy to force a crackdown on Iraq's powerful militias, or the first step in a sweeping strategic move to end a...

ALT 5 Sigma Digital Instrument Market Summary for BTC, ETH, LTC, BCH
ALT 5 Sigma Digital Instrument Market Summary for BTC, ETH, LTC, BCH

NEW YORK, NY / ACCESSWIRE / September 28, 2020 / ALT 5 Sigma Inc.

Trump, Biden prepare to debate at a time of mounting crises
Trump, Biden prepare to debate at a time of mounting crises
  • World
  • 2020-09-28 20:23:49Z

In an election year like no other, the first debate between President Donald Trump and his Democratic challenger, Joe Biden, could be a pivotal moment in a race that has remained stubbornly unchanged in the face of historic tumult. The Tuesday night debate will offer a massive platform for Trump and Biden to outline their starkly different visions for a country facing multiple crises, including racial justice protests and a pandemic that has killed more than 200,000 Americans and cost millions of jobs. The health emergency has upended the usual trappings of a presidential campaign, lending heightened importance to the debate.

Police need warrant to obtain WiFi location data, privacy activists argue
Police need warrant to obtain WiFi location data, privacy activists argue
  • US
  • 2020-09-28 20:21:00Z

The Pennsylvania Supreme Court will consider whether police should have gotten one in a marijuana robbery case.

Stock Market Today: Renewed Stimulus Hopes Spark Wide Monday Rally
Stock Market Today: Renewed Stimulus Hopes Spark Wide Monday Rally

The House appears primed to take another swing at COVID relief, prompting a big Monday jump in the major stock-market indices.

Trump went even further than other uber-rich to shrink taxes
Trump went even further than other uber-rich to shrink taxes

The tax-avoidance strategies that President Donald Trump capitalized on to shrink his tax bill to essentially zero are surprisingly common among major real estate developers and other uber-wealthy Americans. U.S. tax law has long been kind to big real estate developers.

Direct Energy Regulated Services Announces Natural Gas Rates for October 2020
Direct Energy Regulated Services Announces Natural Gas Rates for October 2020

CALGARY, AB, Sept. 28, 2020 /CNW/ - Direct Energy Regulated Services has announced default natural gas rates for October 2020.

Family to receive $20 million in handcuffed man
Family to receive $20 million in handcuffed man's shooting death
  • US
  • 2020-09-28 20:16:00Z

Prince George's County, Maryland, officials settle 9 months after the death of William Green, who was shot 6 times while sitting in a patrol car.

Slammed Twin-Turbo Duramax Chevy C10 Rips Epic Burnouts
Slammed Twin-Turbo Duramax Chevy C10 Rips Epic Burnouts

Look at it go!

MDC Partners Announces Formation of Global Technology Group
MDC Partners Announces Formation of Global Technology Group

NEW YORK, Sept. 28, 2020 /CNW/ -- MDC Partners Inc.

Pacific Frontier Investments Announces Private Placement
Pacific Frontier Investments Announces Private Placement

VANCOUVER, BC / ACCESSWIRE / September 28, 2020 / Pacific Frontier Investments Inc.

Sheriff who starred on
Sheriff who starred on 'Live PD' charged with evidence tampering in Black man's death
  • US
  • 2020-09-28 20:14:58Z

Williamson County Sheriff Robert Chody starred on the since-canceled reality show "Live PD."

Former Louisville detective pleads not guilty in Breonna Taylor case
Former Louisville detective pleads not guilty in Breonna Taylor case
  • US
  • 2020-09-28 20:14:57Z

Fact check: Story about giant man-eating grizzly bear is a longtime tall tale
Fact check: Story about giant man-eating grizzly bear is a longtime tall tale

An old Internet hoax that has been circulating for some time tells a false story of a man-eating bear.

Watch Mercedes-Benz
Watch Mercedes-Benz's 'Avatar'-inspired concept car drive without a steering wheel in a new testing video

After unveiling the sci-fi style concept car at CES 2020 in January, Mercedes-Benz showed the vehicle hitting the road in a new video on Saturday.

Brompton Split Banc Corp. Announces Overnight Offering
Brompton Split Banc Corp. Announces Overnight Offering

/NOT FOR DISTRIBUTION TO U. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Drone Delivery Canada Announces Letter of Intent with Astral Aerial Solutions in Kenya
Drone Delivery Canada Announces Letter of Intent with Astral Aerial Solutions in Kenya

TORONTO, Sept. 28, 2020 /CNW/ - Drone Delivery Canada Corp.

Man gets 30 years in 2nd sentencing for beheading plot
  • World
  • 2020-09-28 20:04:51Z

A man convicted of leading a plot to behead blogger Pamela Geller on behalf of the Islamic State group will serve even longer behind bars after he was sentenced for a second time Monday and ordered to 30 years in prison. David Daoud Wright was originally sentenced to 28 years in prison in 2017 but

Armie Hammer seeks $5.8 million for stately Hancock Park Tudor
Armie Hammer seeks $5.8 million for stately Hancock Park Tudor

Actor Armie Hammer is asking $5.8 million for his 1920s Tudor-style home in Hancock Park.

Dividend Investors: Don
Dividend Investors: Don't Be Too Quick To Buy Imperial Pacific Limited (ASX:IPC) For Its Upcoming Dividend

Imperial Pacific Limited (ASX:IPC) is about to trade ex-dividend in the next 2 days. This means that investors who...

LVMH countersues Tiffany in bid to drop $16 billion acquisition
LVMH countersues Tiffany in bid to drop $16 billion acquisition
  • US
  • 2020-09-28 19:59:43Z

The move comes after Tiffany sued LVMH earlier this month, objecting to the Paris-based company's decision not to go through with the deal they signed last November because of a French government request and the impact of the coronavirus outbreak. In its lawsuit filed in Delaware Chancery Court on Monday, LVMH said the agreement with Tiffany had no carve-out for pandemics under the definition of a so-called material adverse effect. As a result, Tiffany assumed the risk of a virus outbreak, LVMH added.

Trump tax revelations spark outrage among some, but supporters defend president
Trump tax revelations spark outrage among some, but supporters defend president
  • US
  • 2020-09-28 19:58:56Z

A report that Donald Trump paid little or no federal income tax in recent years sparked broad outrage on Monday, from rich Democrats to teachers and coffee shop workers taking to social media to claim they had paid more taxes than the U.S. president. The #IPaidMoreTaxesThanDonaldTrump hashtag began trending on Monday, while Democratic rival Joe Biden's election campaign seized on the backlash, launching merchandise with the words: 'I Paid More In Taxes Than Donald Trump.' Tom Steyer, a billionaire environmentalist and a fierce critic of the president, took to Twitter to castigate Trump over his taxes and called for voters to kick him out office on Nov. 3.

The $4 trillion U.S. government relies on individual taxpayers
The $4 trillion U.S. government relies on individual taxpayers
  • US
  • 2020-09-28 19:55:21Z

The U.S. government's over $4 trillion annual budget, the world's largest, relies heavily on individual wage earners whose taxes and retirement benefits are deducted from every paycheck, leaning particularly on the top 20% of income earners. Corporations pay just a fraction of what individuals do into the federal spending pool, which funds the military, transportation safety, veterans benefits, regulatory agencies and programs like NASA. A New York Times investigation https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html published on Sunday shows that President Donald Trump paid just $750 in federal taxes during the years straddling his 2017 inauguration, and none at...

Texas sheriff arrested in investigation of Black man
Texas sheriff arrested in investigation of Black man's death during 'Live PD' filming
  • US
  • 2020-09-28 19:50:39Z

The sheriff was arrested amid an investigation into the death of Javier Ambler, a Black man who died in police custody.

Brad Parscale
Brad Parscale's hospitalization reportedly came after he loaded a gun during an argument with his wife
  • US
  • 2020-09-28 19:50:00Z

President Trump's former campaign manager Brad Parscale was hospitalized this week after officials say he was threatening to hurt himself and after he allegedly loaded a gun during an argument with his wife, who told police he "hits her."The Fort Lauderdale Police Department previously confirmed to CNN that officers on Sunday detained Parscale, who was "threatening to harm himself" inside his home while he was "armed and had access to multiple firearms," and on Monday, additional details emerged on the incident via police reports. According to the Miami Herald, documents describe how Parscale "refused to leave his home and was ultimately tackled by...

A flight attendant was jailed in the UK for dealing drugs after she lost her job due to the coronavirus pandemic
A flight attendant was jailed in the UK for dealing drugs after she lost her job due to the coronavirus pandemic
  • US
  • 2020-09-28 19:46:22Z

The flight attendant, who was laid off during the coronavirus pandemic, was short on cash when a romantic partner recruited her to act as a courier.

Turkey Sends ISIS Warlord to Azerbaijan to Face-Off Against Putin
Turkey Sends ISIS Warlord to Azerbaijan to Face-Off Against Putin's Armenian Allies
  • World
  • 2020-09-28 19:33:48Z

ISTANBUL, Turkey-On Sunday afternoon, a video depicting a large convoy of Islamist Syrian rebel fighters yelling enthusiastically as they drove off to war circulated widely on Arabic social media. Fighters in the packed trucks, driving quickly past the group of children filming with their phones, could be heard yelling "Allahu Akbar!" and, "our leader, till' the end of time, is our master, Muhammad!"However what shocked those watching the video weren't the shouts of the Syrian fighters but rather those of the children filming, who yelled back at the soldiers in a language unfamiliar to most Syrians following their country's nine-year war. "That's not Kurdish, right?" said one user in an...

Judge: Man charged in 2006 Iraq slayings to remain jailed
Judge: Man charged in 2006 Iraq slayings to remain jailed
  • World
  • 2020-09-28 19:27:39Z

A judge in Arizona has ruled that an Iraqi immigrant arrested on charges of participating in the 2006 killings of two police officers in Iraq will remain jailed until his extradition case concludes. U.S. Magistrate Judge Michael Morrissey concluded Ali Yousif Ahmed Al-Nouri is at risk of fleeing and poses a danger to the community, citing the serious nature of the charges, the life or death sentence Ahmed would face if convicted in Iraq, and his ties to people living in foreign countries. In the Sept. 21 decision, Morrissey also rejected arguments that Ahmed should be released because of his earlier work in the U.S. as a cultural adviser to the military and because his heart and lung...

As COVID-19 Closes Schools, the World
As COVID-19 Closes Schools, the World's Children Go to Work
  • World
  • 2020-09-28 19:12:43Z

TUMAKURU, India -- Every morning in front of the Devaraj Urs public housing apartment blocks on the outskirts of Tumakuru, a swarm of children pours into the street.They are not going to school. Instead of backpacks or books, each child carries a filthy plastic sack.These children, from 6 to 14 years old, have been sent by their parents to rummage through garbage dumps littered with broken glass and concrete shards in search of recyclable plastic. They earn a few cents per hour, and most wear no gloves or masks. Many cannot afford shoes and make their rounds barefoot, with bleeding feet."I hate it," said Rahul, an 11-year-old boy praised by his teacher as bright.But in March,...

Scholars of Sustenance celebrates United Nations "International Day of Awareness of Food Loss and Waste"
Scholars of Sustenance celebrates United Nations "International Day of Awareness of Food Loss and Waste"
  • World
  • 2020-09-28 19:06:00Z

Scholars of Sustenance celebrates United Nations "International Day of Awareness of Food Loss and Waste"PR NewswireCARY, N. and BANGKOK and PHUKET, Thailand and BALI, Indonesia, Sept.

Woman posing as social worker visits home - and tries to kidnap child, WV cops say
Woman posing as social worker visits home - and tries to kidnap child, WV cops say
  • US
  • 2020-09-28 19:03:16Z

The attempted kidnapping happened after she allegedly made the child's mother take a drug test.

New York
New York's positive COVID-19 test rate inches up as cases climb in other states
  • US
  • 2020-09-28 19:01:35Z

The percentage of COVID-19 tests taken in New York state that have come back positive has inched up to 1.5%, Governor Andrew Cuomo said on Monday, a worrisome trend for the former epicenter of the U.S. coronavirus epidemic. The rise in positivity in New York above the 1% target comes as 27 other states recorded increases in the number of cases for two straight weeks. While New York's positive test rate remains much lower than that of some Midwestern states, where 15% of tests have been coming back positive, it marks a significant uptick from the 1% or below it has been hovering around for weeks.

'Crying Nazi' Christopher Cantwell found guilty of extortion in rape threat case
  • US
  • 2020-09-28 18:53:00Z

Prosecutors said Cantwell sent a series of threatening messages to find the leader of an online group who he believed was harassing him online.

More evidence found in case of man facing 40 child sex abuse charges, Alabama cops say
More evidence found in case of man facing 40 child sex abuse charges, Alabama cops say
  • US
  • 2020-09-28 18:32:25Z

The children were between the ages of 2 and 14, authorities said.

Twitter appoints Rinki Sethi as new information security head
Twitter appoints Rinki Sethi as new information security head
  • US
  • 2020-09-28 18:24:01Z

Sethi had previously worked as the vice president of information security at cyber-security firm Palo Alto Networks Inc, according to her LinkedIn profile. Reuters reported in July that Twitter, which had been without a security chief since December, stepped up its search in the weeks before the breach of high-profile accounts on its platform.

Trump, pressured over pandemic, says states to receive 150 million tests
Trump, pressured over pandemic, says states to receive 150 million tests
  • US
  • 2020-09-28 18:21:50Z

President Donald Trump, under pressure over his handling of the coronavirus outbreak, announced on Monday the federal government would ship 150 million rapid tests to U.S. states for opening schools and ensuring safety at centers for senior citizens. "This will be more than double the number of tests already performed," he said, announcing the plan in the White House Rose Garden. Trump said 50 million tests will go to "most vulnerable communities" including nursing homes, assisted living facilities, home health and hospice care.

Illegal money flows from Africa near $90 billion, U.N. study says
Illegal money flows from Africa near $90 billion, U.N. study says

Africa is losing nearly $89 billion a year in illicit financial flows such as tax evasion and theft, amounting to more than it receives in development aid, a U.N. study showed on Monday. The estimate, in the United Nations Conference on Trade and Development's (UNCTAD) 248-page report, is its most comprehensive to date for Africa. The report calls Africa a "net creditor to the world," echoing economists' observations that the aid-reliant continent is actually a net exporter of capital because of these trends.

UN: Africa lost $800B in illegal transfers in recent years
  • US
  • 2020-09-28 18:05:35Z

The United Nations estimates that illegal outflows of capital from Africa totaled over $830 billion in the first 15 years of this century, much of it linked to movements of high-value commodities like gold, diamonds, and platinum - straining the ability of the continent's governments to provide services

Pelosi urges Democrats to win more House seats in the event of Electoral College dispute in presidential election
Pelosi urges Democrats to win more House seats in the event of Electoral College dispute in presidential election

The House last voted to determine the president in the 1824 election. Nancy Pelosi is asking Democrats to prepare for that possibility again.

An American is facing 2 years in prison after leaving a bad Tripadvisor review for a Thailand resort
An American is facing 2 years in prison after leaving a bad Tripadvisor review for a Thailand resort
  • US
  • 2020-09-28 17:54:15Z

The owner of the resort filed a defamation complaint against the American, Wesley Barnes, saying he posted negative reviews on multiple platforms.

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