Wal-Mart is the latest example of companies rushing to give shareholders the advantage of lower dividend tax rates ahead of assumed hikes next year, the New York Times reported. Wal-Mart announced that it would issue its dividend on Dec. 27, instead of Jan. 2. More companies are expected to follow suit, and still others are issuing special dividends at a rate almost four times the norm, research shows.
“Owning virtual currencies is very risky and inherently speculative.”
Companies argue that federal and most state exchanges havent followed the rules set out in the statute and regulations and therefore cant levy fines.
Lee Taylor is leaving after 20 years at the Magic Circle firm.
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