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MIL-OSI USA: Rubio, Menendez Lead Bipartisan Group of Colleagues in Re-Introducing the Hong Kong Safe Harbor Act


Source: United States Senator for Florida Marco Rubio
Washington, D.C. U.S. Senator Marco Rubio (R-FL) was joined by Senators Bob Menendez (D-NJ), Todd Young (R-IN), Ben Cardin (D-MD), John Cornyn (R-TX), Jeff Merkley (D-OR), Elizabeth Warren (D-MA), Dick Durbin (D-IL), James Lankford (R-OK), Ron Wyden (D-OR), Richard Blumenthal (D-CT), and Chris Coons (D-DE) in re-introducing the
Hong Kong Safe Harbor Act. This bipartisan legislation would ensure those Hong Kongers who peacefully protested Beijing’s corrupt justice system, and have a well-founded fear of persecution, are eligible for Priority 2 Refugee status. The bill is in response to the People’s Republic of China (PRC) draconian national security law, the Law of the People’s Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region. ....

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Section 12J tax-deduction (as much 45%) incentive for property investment set to expire


Section 12J tax-deduction (as much 45%) incentive for property investment set to expire
Section 12J tax-deduction (as much 45%) incentive for property investment set to expire
10 Feb 2021
Some R9.3billion has been invested into South African opportunities via Section 12J as of Feb 2020, according to the 12J Association of South Africa - and unless SARS extends the cut-off date, this incentive of as much as 45% back in tax on your property investment is set to expire in June of this year - making it a case of get in while you still can for investors.   
Section 12J funds will be gearing up for a flurry of interest as investors into the tax incentive realise it may be now or never to make the most of the tax break offered. Not only are investors clamouring to benefit from the tax deduction before financial year-end on 28 February 2021. However, if the Minister of Finance does not extend the applied Sunset Clause in his National Budget address on 24 February,  th ....

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