Law Society Condemns Plans For Economic Crime Levy

Law360, London (October 14, 2020, 1:51 PM BST) — The government’s plans for a financial crime levy on law firms and other regulated businesses is “a special tax on the legal profession” that could make companies less willing to invest in Britain, an industry body warned on Wednesday. 

The Law Society, the professional body that represents more than 140,000 practicing solicitors in England and Wales, said the industry already devotes significant resources as it complies with its obligations to counter money laundering and financial crime.

Simon Davis, the society’s departing president, said that pushing up the cost of doing business would hit the competitiveness of the legal sector in the international market…

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China needs a raft of reforms to make new economic strategy work: government advisers

BEIJING (Reuters) – China will need a plethora of reforms if it is to make a new economic strategy that relies mainly on domestic consumption work, advisers to the Chinese cabinet said on Tuesday.

FILE PHOTO: People wearing face masks walk on a street in Shanghai, following the coronavirus disease (COVID-19) outbreak, China July 16, 2020. REUTERS/Aly Song/File Photo

President Xi Jinping has proposed a “dual circulation” strategy for the next phase of economic development in which China will rely predominantly on “domestic circulation”, to be supported by “international circulation”.

“To rely mainly on domestic circulation, we indeed face a very arduous task,” Yao Jingyuan, the former chief economist for the country’s National Bureau of Statistics, told a briefing.

“Fundamentally we must rely on reforms, and we need to deepen reforms.”

Lin Yifu, a second adviser to the cabinet, said China’s new economic strategy was not a short-term measure to

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Coronavirus Forcing Society to Look At Economic Inequality Among Minorities

The coronavirus pandemic forced the United States into a health and economic crisis and as a result, it’s put a spotlight on racial gaps in America.



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San Diegan Bernardo Ferdman is an expert on diversity and inclusion who advises other companies on how to better diversify their workforce. He said, “If we don’t do something about diversity and inclusion, we’re going to risk getting more and more polarized.”

A new study by Citigroup, found income inequality between white, black and Hispanic families has not greatly improved over the past 40 years.

The study says if those racial gaps had narrowed or closed two decades ago, it could have increased the gross national product by up to $16 trillion. It also reported that having equal access to higher education would have added over $113 billion in added income.

That equal lending for Black business owners would have

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Government Stimulus Grants – How to Avail Obama’s Economic Stimulus Grants

Obama has launched one of the biggest packages in United States to help the worried homeowners. This government stimulus grants is set to fight the economic situation and help the person to live a care free life once again. It is worth $ 1 trillion and includes all the necessary expenditures of your daily life such as food, clothing, shelter, education, etc.

Whether you want to buy a house, renovate it or make an investment, Government Stimulus grants are available for you and you never have to pay these grants back. There are several Stimulus Grants for which you can apply easily such as Student grants, Women grants, Minority grants, etc. These are generally available for the low wage workers, the employed, the low income households, etc.

Here are some basic requirements of Government Stimulus Grants that need to be fulfilled by Individuals:

· One must be a citizen of … Read More

The Economic system And Government, Wealth, And Unemployment

For some time now, the Federal Government has offered tax benefits as an incentive for employers to hire individuals with felony convictions. The legislative department with representative delegates of the sovereign voters derives its political and constitutional power to perform and act on the official duties of government as mandated by the constitution. Goldwin also chopped down the canned progressive canard, implied by Booker, that every one white People at the time fortunately conspired to disenfranchise individuals of coloration.

When it comes to dominance, Federal law all the time prevails over state regulation as a result of the U.S. Structure gives the federal government superiority over the state government. Politicians have distorted “selling the general welfare” to mean empowerment for the federal government to do nearly something so long as it is intended to assist any selected group or particular person.

Public Transportation initiatives particularly, assist individuals get to work … Read More