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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Pittsburgh Business Times

What Pittsburgh-area leaders are saying about the Chauvin guilty verdict

Tue, Apr 20, 2021

Philadelphia-area officials, leaders and organizations are reacting to the conviction on Tuesday of Minneapolis police officer Derek Chauvin in the May 2020 death of George Floyd. ...

Penguins development team presents plan for FNB Financial Center to Pittsburgh Planning Commission

Tue, Apr 20, 2021

Pittsburgh Penguins and Buccini/Pollin Group detail full package of new building plan but face potential delay in proposal to end Wylie Avenue before new office tower lot. ...

MLB team extends multi-year naming rights sponsorship with PNC Bank

Tue, Apr 20, 2021

The Milwaukee Brewers extended its multi-year sponsorship agreement with PNC Bank, which began in 2010. PNC Bank will continue as the naming rights sponsors for the club level of the newly renamed American Family Field. The club level includes both an indoor and outdoor level exclusive to club level-ticketed fans. Elements to the club level include climate-controlled bars, restaurants, merchan...

Extended subsidies now available on Pa.'s health insurance exchange

Tue, Apr 20, 2021

Pennsylvania officials say the additional and enhanced subsidies for the state’s Pennie health insurance marketplace through the federal American Rescue Plan are now available. Pennie is the commonwealth’s new-this-year health insurance marketplace offering Affordable Care Act programs for anyone who qualifies in Pennsylvania and people who don’t get health insurance from their employers or th...

PPP demand declines with $44B remaining and 6 weeks to go

Tue, Apr 20, 2021

Here's how PPP loans added up for some local banks during the first quarter. ...

Smith Micro Software completes its largest acquisition

Tue, Apr 20, 2021

The acquisition will add employees in both the U.S. and Europe. ...

U.S. House passes cannabis banking bill, but will the Senate?

Tue, Apr 20, 2021

In the previous Congress, the measure never got a vote in the McConnell-led Senate. ...

State releases timeline for expanding vaccine provider network

Tue, Apr 20, 2021

Pennsylvania expects to expand the number of Covid-19 vaccine providers in the commonwealth by May or June, after some existing providers say they’ve worked through most of the demand. Last week, the commonwealth opened up eligibility for the vaccine to anyone in Pennsylvania over the age of 16 to comply with President Biden’s deadline. There have been 7.2 million doses of either the Pfizer/Bi...

KeyCorp talks commercial lending delays, launch of digital bank for doctors

Tue, Apr 20, 2021

CEO Chris Gorman expects businesses to rebuild inventory in second half of 2021. ...

How EQT and MiQ are teaming up to reduce methane emissions

Tue, Apr 20, 2021

A major component is methane intensity, which is how much methane escapes during natural gas production. It’s one of the favored metrics for the industry because methane leaks are not only bad for the environment, wherever they happen, but also product that leaks out can’t be sold by the energy companies. ...

US Tax News

Tax-News.com: US IRS Reminds Of FBAR Filing Obligation

Thu, Apr 15, 2021

The Internal Revenue Service is reminding US citizens, resident aliens, and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021....

Tax-News.com: US Tax Season Begins

Mon, Feb 22, 2021

The Internal Revenue Service launched tax season for individuals on February 15, 2021, highlighting the various supports available for taxpayers when preparing their returns. ...

Tax-News.com: Digital VAT Regimes Vital To Buoy Countries' Tax Takes: Report

Thu, Dec 10, 2020

The OECD has released its annual Consumption Tax Trends report, which highlights that with VAT rates at an all-time high, governments should ensure they have effective VAT frameworks in place to tax e-commerce. ...

Tax-News.com: BVI Rules Out New Taxes In 2021 Budget

Tue, Nov 17, 2020

The Government of the British Virgin Islands has announced that it will seek to boost tax collections by modernizing tax administration, not by imposing new taxes. ...

Tax-News.com: Cayman Tables Law For Digital Asset Business Regime

Tue, Nov 17, 2020

The Government of the Cayman Islands has published legislation in its Official Gazette to introduce a regulatory regime for virtual asset service providers (VASPs). ...

Tax-News.com: France To Collect Its Digital Services Tax This Year

Tue, Oct 20, 2020

French Minister of Finance Bruno Le Maire has reportedly said that France intends to collect the country's digital services tax in December 2020. ...

Tax-News.com: OECD Indicates New Focus On Virtual Currency Tax Issues

Tue, Oct 20, 2020

The OECD has released a new report on countries' tax rules for virtual currencies, alongside an announcement that the Common Reporting Standard will be expanded next year to newly cover virtual currency assets. ...

Tax-News.com: Cyprus, US To Begin Exchanging CbC Reports

Tue, Sep 22, 2020

Cyprus has announced that a deal for the exchange of country-by-country reports between the territory and the US is expected to become effective and cover reporting years starting on or after January 1, 2020....

Tax-News.com: German FM Scholz Optimistic About 2020 Digital Tax Consensus

Mon, Aug 31, 2020

German Finance Minister Olaf Scholz is optimistic that an international agreement on taxing the digital economy will be reached this year. ...

Tax-News.com: UK Treasury Rules Out Digital Tax Repeal

Mon, Aug 31, 2020

The UK Government has dismissed speculation that it will repeal its digital services tax in a bid to secure a post-Brexit free trade agreement with the United States. ...