Posted on January 12, 2018 by postal
OAKLAND, Calif. (Jana Katsuyama/KTVU) – U.S. Mail trucks in Oakland have been targeted by taggers in recent months, leaving the red, white and blue painted vehicles covered over in graffiti and black letters.
“We have to have those repainted and cleaned,” said Jeff Fitch a postal service inspector and spokesman. Fitch says the tagging outside their postal facility on 13th Street increased after the parking lot they were leasing across the street closed and was sold to a developer.
“We’d been renting space there yes to park vehicles and we had fencing up to make it secure,” said Fitch
Now, the mail carriers have had to park mail trucks on the street overnight. Fitch says 40 trucks have been tagged in just the past few months.
“That would be a vehicle out of service for a short time. So anytime a vehicle’s out of service, it can’t be out making deliveries,” said Fitch.
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The crash happened on N. Palmyra Road at Gault Road around 3 p.m. Friday
By WKBN Staff Published: January 12, 2018, 3:23 pm Updated: January 12, 2018, 7:20 pm
ELLSWORTH TWP., Ohio (WKBN) – As the rain turned to sleet Friday afternoon, WKBN received reports of vehicles sliding off of the roadway.
In Ellsworth Township, a U.S. Postal Service vehicle went too far over on the road, into ponding water on the side of the road and then flipped over on its side. The vehicle was the only one involved.
The crash happened on N. Palmyra Road at Gault Road around 3 p.m. Friday.
No one was injured.
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Trump’s new tax reform bill has a loophole that will help companies avoid paying taxes on overseas profits
Matthew Rozsa01.12.2018•3:59 PM
President Donald Trump’s tax reform bill may have actually made it easier for companies to save billions of dollars in taxes on the profits they stash overseas.
Thanks to a loophole in the recently passed Republican tax bill, multinational corporations that have stashed their profits overseas will now pay a substantially lower tax rate. As Reuters reports, that money will either be taxed at a 15.5 percent or 8 percent, according to Reuters. Because the benchmark for determining which money falls into which bracket is a company’s foreign cash position — companies will pay a 15.5 percent tax rate on amounts up to the foreign cash position, then 8 percent for anything over that — the trick for clever companies will be to reduce their foreign cash positions.
Prior to the passage of the tax reform bill, repatriation of foreign profits, which total $2.6 trillion, would have been taxed at a 35 percent rate. In the past, companies that stashed their profits overseas could defer paying their taxes as long as the money wasn’t repatriated into the United States. The new law does not continue this deferral but instead tries to incentivize repatriation by establishing the one-time rate of 15.5 percent for cash holdings and 8 percent for investments that are more illiquid.
But as Harvard Law School senior lecturer Stephen Shay explained to Reuters, some multinational companies can now find ways to reduce their cash positions, such as through dividend payments or other legitimate means of distributing the money, thanks to the loophole in the GOP bill.
“This is clearly the result of rushed legislation,” Shay told Reuters.
Ironically, the Republican tax reform bill – which also lowered the corporate tax rate to 21 percent – was sold as a plan to crack down on multinational corporations who avoid paying taxes on their profits based on where their revenue is earned.
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