WASHINGTON – President Donald Trump plans to step up an already hectic travel schedule in the last full week of the presidential campaign, ignoring an outbreak of coronavirus cases in the United States and a new epidemic in his own White House. Trump is expected to hit nearly a dozen cases. States in his final push to reclaim land from Democrat Joe Biden, including Sunday’s trip to Maine and Tuesday to Nebraska. Both states allocate electoral votes by congressional district and could be crucial in a close election. He will host 11 rallies in the last 48 hours alone. Biden also plans to resume his travel schedule, aiming to reach the six battlefield states the campaign sees as key to his chances, some with in-person events at social distance and others with virtual events. On Tuesday, the former vice president travels to Georgia, a state that has not voted for a Democratic presidential candidate for more than a quarter of a century, but where polls point to a close race. campaign faces growing concerns over a public health crisis in the United States Trump is eager for voters to focus on almost everything else, fearing that he will lose if the election turns into a referendum on his handling of the pandemic. Biden is working to make sure the race is just that, hitting Trump on the virus and presenting himself as a safer and more stable alternative. The stakes were clear this weekend as the White House became the venue for a second virus outbreak in a month. . Several close associates of Vice President Mike Pence have tested positive for the virus, including his chief of staff, Marc Short. Pence, however, insisted on maintaining his aggressive political calendar, even though he was seen as “close contact” from his advisor, claiming the privileges of being a “core employee”. The latest outbreak has served as a powerful metaphor for the divergent approach the Trump and Biden campaigns have taken against the virus. White House Chief of Staff Mark Meadows said on Sunday that “we are not going to control the pandemic” and that the focus should be on containment and treatment. Trump is aiming to pack thousands of people, most without face masks, in some of the upper Midwestern states that are suffering the brunt of the outbreak. “We want normal life to resume,” Trump said on Sunday. “We just want a normal life.” Meadows, in a hurry to explain why the pandemic cannot be brought under control, said: “Because it’s a contagious virus, just like the flu.” He told CNN’s “State of the Union” that the government was focused on bringing effective drugs and vaccines to market. Biden, in a statement, said Meadows’ comments continued, with the Trump administration waving “the white flag of defeat” at Biden’s team argues the coronavirus is likely to wipe out all other problems that could arise in the final days of the campaign – including Biden’s recent comment at the debate stage in which he claimed he would move away from oil, then later returned as a transition away from federal subsidies. This strategy appeared to be paying off, as the outbreak among Pence staff refocused the national conversation on the pandemic. Trump and his team, meanwhile, struggled to come to a conclusion on a closing message, with the unruly candidate increasingly trusting his instincts over his advisers. He’s grabbed for the filth of his Democratic rival and has used apocalyptic terms to describe a Biden presidency, but Biden has so far been more resistant to such attacks than Trump’s rival in 2016. “You can. definitely expect (Biden) to focus on COVID as it continues. to, unfortunately, increase nationwide, ”Kate Bedingfield, Biden’s deputy campaign manager, said in an interview. “It disrupts people’s lives and people are looking for a leader to put in place plans to master it.” With more than a third of the expected election ballots already cast, it may become increasingly difficult for Trump and Biden to reshape the contours of the race. Biden leads Trump in most national polls and has an advantage, albeit smaller, in many key battlegrounds. Biden also has more campaign money than Trump and puts it to good use, covering the waves with a nearly 2: 1 advantage over the waves. the last two weeks. Biden’s incessant campaign advertisements mix his ambitious message with harsh criticism of Trump’s handling of the pandemic, and it’s part of what Josh Schwerin, chief strategist at Democratic super PAC Priorities USA, said he had. helped Biden gain an advantage. The dual message – continuing to create a contrast with Trump, but also delivering this ambitious positive message, giving people a reason to vote for Biden and not just against Trump – continues to be the best way forward. And we see it working, ”he said. Indeed, Biden has seen his favorability ratings rise steadily over the course of the campaign, despite a barrage of attacks from Republicans, as Trump remains underwater in such polls. Democrats were also encouraged by their lead in the record number of early votes cast in a number of battlefield states – though they warn Republicans are more likely to run on Election Day and are sure to catch up. , several Democrats described “PTSD of 2016” which keeps them awake at night a week after polling day. In 2016, Hillary Clinton also took a lead in national polls and in some states, and Democrats say their complacency subsequently doomed their candidate. Now, with the pandemic and the record number of postal and postal ballots injecting a greater level of uncertainty into the election, Democrats are reluctant to let their guard down. Biden’s campaign will focus last week on producing what they’ve dubbed the “Biden Coalition” – Black and Latino voters, as well as whites, women, and older, suburban voters with college graduates , unhappy with Trump. “What we see all the time is that there aren’t many voters left undecided, and at this point in the race is really about participation. It’s about educating voters to make sure they know how to vote, and that’s about making sure they participate, “Bedingfield said. Biden’s campaign has underscored the need for Democrats to stay engaged even as the polls appear favor their candidate. In a recent memo, Biden campaign manager Jen O’Malley Dillon said that “in a number of critical states we are functionally linked” and warned supporters that “every indication we have shows that this thing is going fall on the wire. “Bedingfield says this is a message the campaign will continue to deliver on November 3.” One thing that we have spoken out a lot is that we believe the race is tighter than what a lot of public polls suggest, “she said.” We are constantly working to make sure people understand that there is an emergency here, and that we cannot be complacent. ” ___ Jaffe reported from Wilmington, Delaware. Associated Press editors Aamer Madhani and Jonathan Lemire in Washington contributed to this report. Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Former US Secretary of State Hillary Clinton described how the “Inner State” worked in a recent interview, citing Pakistan as an example. Clinton was asked by the news anchor what he understood the word “Deep State” and who was the person behind this form of stance. In response to this Hillary said, “This is a term coined by political scientists to describe certain countries, for example, Pakistan where the military and intelligence services basically run the country.”
“So you can get elected but if they don’t like you, or you cross it out, you get out, maybe you could be arrested, deported, accused of something and killed or executed,” Clinton told the news anchor.
The opposition attacks the Pakistani military
Former Pakistani Prime Minister Nawaz Sharif has confirmed the role of the military in the Pakistani government after he accused the military establishment of “completely meddling” in the democratic process. Speaking at an opposition party conference in Islamabad via video, he regretted that the sanctity of the people’s voice was always being trampled on by the Pakistani Army.
Launching a scathing attack on the military, Sharif has indicated that the military operates a stronger “parallel government” than the democratically elected government. He described this phenomenon as a “state over state”, similar to the “inner state” as described by Clinton. According to him, the root of Pakistan’s problems is the refusal of the military to accept warrants from elected representatives and the existence of a parallel government.
Meanwhile, the leaders of Pakistan’s top 11 opposition parties have joined forces against Pakistan’s Military for rigging the 2018 elections which saw the rise of Imran Khan of Pakistan Tehreek-e-Insaaf as Prime Minister of the country. The leaders have jointly formed the Pakistan Democratic Movement (PDM) to launch a three-phase anti-government movement to call for the resignation of the elected prime minister and end the role of the military in politics. “
British intelligence agencies have found “credible” information indicating that Russian agents interfered in the 2014 Scottish independence referendum, according to a report released Tuesday.
Report, released by the Intelligence and Security Committee, found “credible open source comments [suggests] that Russia carried out an influence campaign in connection with the Scottish independence referendum in 2014. ″ The vote ended with Scotland narrowly deciding to remain part of the United Kingdom.
MPs on the committee added that further investigation of possible efforts to influence the results of the 2016 UK vote to leave the European Union was needed.
“There has been no assessment of Russian interference in the EU referendum and this goes back to anyone who wants to touch the issue with a 10-foot pole,” said Stewart Hosie, member of Parliament for the Scottish National Party, according to Metro. “There should be an assessment of Russia’s interference in the EU referendum and now there must be one, and the public must be informed of the results of that assessment.”
The report then accused the British government across the political spectrum of allowing Russian oligarchs to launder money in Britain while they gained access to top political figures.
“Russia’s influence in the UK is a new normal,” the report reported. “Successive governments have welcomed oligarchs and their money with open weapons, giving them the means to recycle illicit finances through ‘laundromat,’ London, and connections at the highest level with access to British companies and political figures.”
Russian foreign ministry issued a statement refuting the claim, as has been done before with claims that it interfered in the 2016 US presidential election. US intelligence agencies announced in 2017 that they had concluded that the Russian government had tried to influence voters who supported President TrumpDonald John TrumpDHS expands the authority of personnel to gather information about people who threaten monuments: report The GOP signals Trump’s tax-payroll deductions in Republican coronavirus bills – for now Trump threatened to double Portland in other big cities MORE and oppose Hillary ClintonHillary Diane Rodham ClintonBiden swings left while Trump turns right Clintons, Biden will join MSNBC’s inaugural Joy Reid on Monday The Hill’s Morning Report – Delivered by Facebook – Trump, GOP senators are at odds over the next stimulus bill MORE, the Democratic opponent.
Dhaka: Although the coronavirus outbreak (Covid-19) has stopped worldwide, the virus has not been identified in some lucky countries.
Although coronavirus (Covid-19) has been found in at least 17 countries worldwide, the virus has not been identified in several countries.
According to Al Jazeera, Kiribati, Marshall Islands, Micronesia, Nauru, North Korea, Palau, Samoa, Solomon Islands. Solomon Islands, Tonga, Turkmenistan, Tuvalu, Vanuatu Fortunately no one has been diagnosed with the corona virus.
Meanwhile, like many countries in the world, Bangladesh is also a victim of Corona terror. On Saturday (July 17) at half past noon in the regular online health bulletin related to the corona virus, Director General of the Additional Ministry of Health, Prof. Dr. Nasima Sultana said 34 more people had died in the country in the past 24 hours due to the corona virus. As many as two thousand 561 people have died because of this. The number of victims has exceeded two lakhs.
Bangladesh time is 0013, July 19, 2020
MUM / SIS
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The US land tax, also known as the “death tax,” is imposed on the assets of deceased Americans. But by the time coronavirus novels had caused increased attention to housing planning, snowballs and other Canadians had to remember that the U.S. death tax applies to everyone who owns property in the United States.
For US citizens and permanent residents, inheritance tax applies to their assets worldwide. For Canadians without U.S. status, U.S. real estate them, both for personal use and rental, and U.S. ownership. others, such as Microsoft Corp. shares or Apple Inc., is subject to estate tax, with the following exceptions.
In 2017, the threshold for plantation acquisition will be US $ 5,490,000. That means that anyone with world assets less than that need not pay US land taxes.
U.S. President Donald Trump changed that with the 2017 Employment and Tax Withholding Act. This new law more than doubled the amount of exemption for those who died in 2018 to US $ 11.18 million, and indexed it to inflation. For 2020, that number is now US $ 11,580,000.
For plantations whose value is more than the liberation threshold, the tax rate for excess amounts is as high as 40 percent. For Canadians, this means that there will be no US land tax on any US property, stock or ownership if the total estate is less than US $ 11,580,000.
Although the much higher number of exceptions means that most Canadians will not be subject to U.S. land tax, there are important changes ahead. On January 1, 2026, the threshold was set to drop back to US $ 5,490,000 (adjusted for inflation), which is likely to apply to more snowballs and other Canadians.
In addition, changes to the White House or Congress in elections this year, or afterwards, can cause the number of exemptions to fall well before 2026, and even to a lower level.
In 2016, Hillary Clinton proposed reducing the number of exemptions to US $ 3.5 million, and increasing the housing tax rate to 65 percent. Before Bernie Sanders came out of this year’s presidential election, he proposed reducing the number of exemptions to US $ 3.5 million, while increasing the base tax rate from 40 percent to 45 percent immediately, then progressively reaching 77 percent.
Joe Biden’s proposal is a Canadian-style capital gain tax after death for any increase in US ownership value from the time of purchase, at a rate of up to 39 percent of profits.
Fortunately, there are housing planning tools that you can use to avoid or limit taxes.
One potential tool is for Canadians who have U.S. ownership. not to own real estate, shares or other instruments on their behalf, personally.
Let’s say Mr. X, a Canadian citizen and resident, owns a US $ 500,000 condo in Florida. Mr. X has assets worth US $ 7,000,000. If Mr. X died in 2026, when the release amount dropped back to US $ 5,490,000 (adjusted for inflation), there would be a land tax in the condominium. At rates of up to 40 percent, this could be a significant land tax liability.
However, if Mr. X does not own a condominium personally, then his land can completely avoid the land tax. This can be achieved in various ways, each with pros and cons that vary depending on the circumstances.
One method is for Mr. X to place properties into irrevocable trust boundaries (CBIT). With a well-designed trust, Mr. X will not personally own the condominium for U.S. tax purposes When he dies, it won’t be subject to land tax.
Another method is to manage ownership through a corporate structure or partnership. Suppose the condo is owned through a Canadian company Mr. X. His shares in that company, or any Canadian company, are not subject to US land tax.
Canadian tax practitioners also believe that ownership in a Canadian partnership is not a U.S. asset. for land tax purposes, even though the IRS hasn’t explicitly said it. Choosing the right ownership structure also depends on the nature of the investment, whether for personal use, rent or flip.
The right strategy also depends on whether the property is already owned or will be a new purchase. Transferring existing property to a new entity will be a property disposition in Canada, and subject to Canadian capital gains tax. If the property has significantly increased in value, taxes on capital gains that are due immediately may be greater than the benefits of avoiding U.S. plantation taxes.
Finally, corporate ownership structures and partnerships have the potential for further taxation and reporting obligations.
With the results of elections in the US far from certain, Canadians who own US property and US citizens in Canada should consider preparing a plantation plan that can cope with the unexpected storm of US tax law.
David Altro is the implementing partner of Altro LLP, specializing in cross-border tax and housing, real estate and corporate affairs planning. Avi Guttman is an Associate Lawyer at Altro LLP.
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