Occupational Safety and Health Administration OSHA issued an emergency temporary standard COVID ETS with significant implications for health care employers but not other industries, separate guidance optional for the rest of the workforce concerened with coronavirus policy.
FINRA has recently taken steps to advance diversity and inclusion in the broker-dealer industry.
Regulatory Notice 21-17
On April 29, 2021, FINRA issued Regulatory Notice 21-17, seeking comments on supporting diversity and inclusion in the broker-dealer industry.
1 FINRA stated that it is committed to supporting efforts by the industry to foster diversity, inclusion and equal opportunity. The request for comment noted that regulatory agencies such as FINRA have an opportunity to evaluate how their rules and actions may have unintended disparate impacts on those within the industries they regulate and how they may unintentionally impede diversity and inclusion. It enumerated various initiatives FINRA has undertaken to foster greater diversity, inclusion and equal opportunity, including establishing an internal Racial Justice Task Force, hosting an Annual Diversity Summit, creating diversity-focused programming at the FINRA Annual Conference, expanding eligibility for the Securitie
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On April 14, 2021, the Connecticut General Assembly’s Joint Committee on Finance Revenue and Bonding introduced SB1106. The bill would establish the “Connecticut Equitable Investment Fund,” which would be funded by, among other things: (1) a new digital advertising services tax; and (2) a new wage compensation tax, whereby, at an
employee’s or
independent contractor’s election, an employer would be required to pay a tax equal to 5% of the electing employee’s wages or electing independent contractor’s payments.
Digital advertising services tax proposal
SB1106 would create a new tax on a person’s annual gross revenues derived from digital advertising services in Connecticut. The definition of “digital advertising services” broadly includes “advertisement services on a digital interface, including banner advertising, search engine advertising, interstitial advertising, and other comparable adverti
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On April 6 & 7, 2021, the New York Assembly and Senate passed Fiscal Year 2022 budget legislation addressing revenues and taxation (the Budget Bill). The Budget Bill is part of a broader deal between Governor Cuomo and both chambers of the Legislature. The Budget Bill is expected to raise $3.5 billion in new tax revenue in FY 2022 and $4.3 billion in new tax revenue in FY 2023. Following is a brief summary of some of the tax provisions contained in (and excluded from) the Budget Bill:
Significant revenue raisers
Personal income tax rate increases – For tax years beginning in 2021, the Budget Bill will increase the current highest marginal personal income tax rate from 8.82% to 9.65% for single filers reporting over approximately $1.1 million in taxable income, heads of households reporting over approximately $1.6 million in taxable income, and married filers reporting over approximately $2.15 million in taxable inc