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Daily News

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

Pittsburgh Business Times

Kraft Heinz buying sauce manufacturer based in Turkey

Sun, Jun 13, 2021

Deal, valued at $100M, follows big divestitures and is expected to be completed in the second half of the year. ...

Personalities of Pittsburgh: Dr. Matt Harinstein is working to bolster UPMC’s international efforts

Sun, Jun 13, 2021

Two years ago, he took on additional responsibilities as SVP and COO at UPMC International, the international medical arm at the Pittsburgh-based health system. ...

EQT sets July 16 date for shareholder meeting on acquisition

Fri, Jun 11, 2021

EQT Corp. will hold a meeting July 16 for shareholders to seek approval of an increase in shares in connection with its $2.9 billion acquisition of Alta Resources Development LLC's Marcellus Shale assets. The meeting will be held virtually, as one of the final steps to the deal that will acquire Alta, a Marcellus Shale natural gas driller in northeastern Pennsylvania, for $1 billion in cash an...

Wolf signs bill continuing pandemic waivers

Fri, Jun 11, 2021

Gov. Tom Wolf on Friday signed a bill that will extend until Sept. 30 suspensions of regulations that had been covered under the emergency declaration that was terminated this week by the Pennsylvania Legislature. The GOP-controlled General Assembly this week halted the emergency declaration, which had been put into place through several extensions since March 6, 2020, and had during that time...

Appalachian officials urge replenishment of mine cleanup fund

Fri, Jun 11, 2021

The environmental and fiscal cost of cleaning up abandoned mines and oil and gas wells are enormous — between $12 billion and $26 billion nationwide, according to an April estimate by the Ohio River Valley Institute. ...

U.S. Department of Transportation announces $19.3 million in funding for Port Authority's BRT project

Fri, Jun 11, 2021

The U.S. Department of Transportation announced the awarding of $19.3 million in Capital Investment Grants for the Port Authority of Allegheny County to advance the 15-mile Downtown-Uptown-Oakland-East End Bus Rapid Transit (BRT) project. The grants come as part of $250 million in federal funding allocations for projects around the country as part of the $1.9 trillion American Rescue Plan Act...

Children’s Museum of Pittsburgh to reopen with debut of interactive exhibit in collaboration with Pixar Animation Studios

Fri, Jun 11, 2021

After shutting its doors more than 14 months ago, the Children's Museum of Pittsburgh is now ready to welcome kids and their families back inside starting on June 12, and it hopes to do so with the debut of a new interactive exhibit made in collaboration with Pixar Animation Studios. The Emotions at Play with Pixar’s "Inside Out" — the 2015 animated children's film — exhibit aims to help child...

Looking back on the first five years of PA’s cannabis law

Fri, Jun 11, 2021

Five years into Pennsylvania’s medical marijuana program, the state official in charge of the regulatory office said he’s pleased with how far it has come. ...

Around Town: Junior Achievement and the Food Bank (Photos)

Fri, Jun 11, 2021

Photos of people at events, including the Food Bank and Junior Achievement. ...

Viewpoint: Small businesses need our support to survive 2021

Fri, Jun 11, 2021

If we don't support small businesses now, many will not survive 2021. ...

US Tax News US IRS Flags Deadline For Q2 Estimated Tax Payments

Wed, Jun 09, 2021

The US Internal Revenue Service has issued a reminder to taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without incurring a penalty.... Countries Discuss Post-Pandemic Tax Agenda At UN Council Meeting

Wed, May 12, 2021

Experts speaking at the UN's Economic and Social Council's annual Special Meeting on International Cooperation in Tax Matters concluded that the international community must do more to tackle tax base erosion and profit shifting and offshore tax evasion.... 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.... 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. ... 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. ... 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. ... 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). ... 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. ... 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. ... 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....