failed-legislation

Italy's Renzi brushes off concerns over Senate reform drive

ROME (Reuters) - Italy’s government has sufficient backing in parliament to force through its contested reform of the Senate, Prime Minister Matteo Renzi said on Sunday, dismissing suggestions he might have to seek early elections.
The reform, which would turn Italy’s second chamber into a non-elected assembly with only a limited say on legislation, is due to be debated in the Senate next month, where the opposition has lined up more than 500,000 amendments.
A vocal minority within Renzi’s own Democratic Party (PD) have also raised objections, leading some politicians to predict that the legislation will fail, prompting a return to the polls more than two years ahead of schedule.
Asked if this was a possibility, Renzi told Corriere della Sera newspaper: “I don’t see any risk.”
The prime minister has said in the past that the fate of his coalition government is linked to the reform, arguing that it will make Italian politics more efficient by eliminating the need for all laws to be approved by both houses of parliament.
The difficulty of maintaining viable majorities in the two chambers has helped perpetuate political instability in Italy.
Opponents say the reform, which has already passed the lower house, will end up placing too much power in the hands of the prime minister. Critics within the PD say senators should at least be elected to boost the chamber’s democratic credentials.
“If we want to force through the text that has come from the lower house, then we have the numbers, as we always have had,” said Renzi. “But right up to the end, as we have always done, we will try to reach an agreement (with opponents).”
Renzi has a majority of just six in the 320-seat Senate, leaving him vulnerable to any revolt. He took office 18 months ago and since then has tackled reforms of the labour market, education and the public administration, among other areas.
Although the economy has finally pulled out of a three-year recession, the reform drive has yet to bear obvious fruit, underlining how hard it is to shake up Italy. Analysts say a previous welter of laws were ineffective because they were often poorly implemented, contradictory and failed to provide a consistent sense of direction.
However, Renzi said after “years in the swamp”, Italy was moving forward and stuck to a pledge to slash taxes over the coming three years, saying he had 17 billion euros ($19 billion) to play with thanks to greater EU budget flexibility.
“We will look to use some of this,” he said.

(Writing by Crispian Balmer; editing by Clelia Oziel)

Italy's Renzi brushes off concerns over Senate reform drive

ROME, Aug 30 (Reuters) - Italy’s government has sufficient backing in parliament to force through its contested reform of the Senate, Prime Minister Matteo Renzi said on Sunday, dismissing suggestions he might have to seek early elections.

The reform, which would turn Italy’s second chamber into a non-elected assembly with only a limited say on legislation, is due to be debated in the Senate next month, where the opposition has lined up more than 500,000 amendments.

A vocal minority within Renzi’s own Democratic Party (PD) have also raised objections, leading some politicians to predict that the legislation will fail, prompting a return to the polls more than two years ahead of schedule.

Asked if this was a possibility, Renzi told Corriere della Sera newspaper: “I don’t see any risk.”

The prime minister has said in the past that the fate of his coalition government is linked to the reform, arguing that it will make Italian politics more efficient by eliminating the need for all laws to be approved by both houses of parliament.

The difficulty of maintaining viable majorities in the two chambers has helped perpetuate political instability in Italy.

Opponents say the reform, which has already passed the lower house, will end up placing too much power in the hands of the prime minister. Critics within the PD say senators should at least be elected to boost the chamber’s democratic credentials.

“If we want to force through the text that has come from the lower house, then we have the numbers, as we always have had,” said Renzi. “But right up to the end, as we have always done, we will try to reach an agreement (with opponents).”

Renzi has a majority of just six in the 320-seat Senate, leaving him vulnerable to any revolt. He took office 18 months ago and since then has tackled reforms of the labour market, education and the public administration, among other areas.

Although the economy has finally pulled out of a three-year recession, the reform drive has yet to bear obvious fruit, underlining how hard it is to shake up Italy. Analysts say a previous welter of laws were ineffective because they were often poorly implemented, contradictory and failed to provide a consistent sense of direction.

However, Renzi said after “years in the swamp”, Italy was moving forward and stuck to a pledge to slash taxes over the coming three years, saying he had 17 billion euros ($19 billion) to play with thanks to greater EU budget flexibility.

“We will look to use some of this,” he said.

($1 = 0.8946 euros) (Writing by Crispian Balmer; editing by Clelia Oziel)

The National Labor Relations Board’s (NLRB) Thursday decision to crack down on franchising is the first of many moves the Obama administration is making to help unions organize and grow, according to a new report.

Agencies such as the NLRB and Department of Labor (DOL) are also rewarding loyal labor groups with new overtime regulations and ambush elections, according the Competitive Enterprise Institute (CEI), a free market think tank.

The CEI reports that unions are facing decreasing membership rates and underfunded pension plans. Changing overtime regulation and the election time frame could boost membership, fund pension plans, and make it easier for unions to organize.

According to the CEI report, the Obama administration is calling for these changes because Democrats “owe organized labor, which consistently funds [Democrats’] campaigns.” After failing to get legislation through Congress, the Obama administration is trying to pay unions back for their contributions through exercising executive control.

The first proposed change, the DOL’s overtime rule, revises the income requirement for overtime payments to salaried employees from $23,600 to $50,440.

This change would not significantly increase workers’ wages, according to the CEI. While Secretary of Labor Thomas Perez said “overtime pay regulation could add as much as $1.3 billion to workers pay in just the first year,” CEI reports that this sum would average out to “a wage increase of only $260 a year per worker.”

Changing overtime regulation would also pressure employers to reclassify their employees, threatening employer autonomy. Don Fox, the CEO of Firehouse Subs, told CEI that the rule would force him to change some salaried employees to hourly employees. He would also have to forbid some of his employees from working overtime.

“What’s a real shame is that I’m in a position of having to penalize someone because they’re doing something they judge is best for their career,” Fox said.

The second proposed change, the NLRB ambush election rule, shrinks the time frame for union representation elections. Under the proposed rule, the allotted time between filing a petition and the date of an election would be 14 days.

According to the CEI, the ambush election rule is an affront to workers’ freedom of association and employer’s “protected speech on unionization prior to an election.” Employees subject to the rule would have less time to learn about unionizing prior to an election. Similarly, employers would only have two weeks to respond to unionization campaigns that have been months or even years in the making.

CEI reports that employees facing a shorter time frame are more likely to vote for unionization.

“From 2004 to 2014, unions won only 60 percent of elections conducted in 36 to 42 days but won more than 86 percent of elections conducted in less than 21 days,” the report says.

The new regulatory environment can only be seen as a handout to big labor, according to CEI. Rather than allow the Obama administration to enact these policy changes, CEI writes, “Congress, invested with the power of the purpose, should use that power to end the assault on workers and the economy.”

—  CEI: Obama Administration’s Regulatory Moves Ambush Workers and Economy http://ift.tt/1PDwGaD
MPs at odds over health and safety reforms

The passage of health and safety reforms into law have left National and Labour bitterly at odds.

MPs have passed the Health and Safety Reform Bill through its third reading

Government Minister Paul Goldsmith contends the changes will bring about a positive health and safety culture.

“It is those senior leaders that have the real ability to influence the Health and safety direction of an organisation, and they should.”

But Labour MP Iain Lees-Galloway said the reforms have gone from a once in a generation opportunity to fix the system to being a debacle.

“A farce, a shambles, and an embarrassment for the Government.”

Mr Galloway argues the legislation has no credibility.

“It will be remembered for declaring that worm farming and lavender growing are high risk industries, while sheep, beef and dairy farming are going to be defined as low risk.”

Green MP Denise Roche believes the legislation fails those killed in the workplace.

“The people who are sons, and daughters, and husbands, and lovers, and mothers, and Dads. The people who went to work one day and didn’t come home.”

MPs at odds over health and safety reforms

The passage of health and safety reforms into law have left National and Labour bitterly at odds.
MPs have passed the Health and Safety Reform Bill through its third reading
Government Minister Paul Goldsmith contends the changes will bring about a positive health and safety culture.
“It is those senior leaders that have the real ability to influence the Health and safety direction of an organisation, and they should.”
But Labour MP Iain Lees-Galloway said the reforms have gone from a once in a generation opportunity to fix the system to being a debacle.
“A farce, a shambles, and an embarrassment for the Government.”
Mr Galloway argues the legislation has no credibility.
“It will be remembered for declaring that worm farming and lavender growing are high risk industries, while sheep, beef and dairy farming are going to be defined as low risk.”
Green MP Denise Roche believes the legislation fails those killed in the workplace.
“The people who are sons, and daughters, and husbands, and lovers, and mothers, and Dads. The people who went to work one day and didn’t come home.”

Italy's Renzi brushes off concerns over Senate reform drive

ROME (Reuters) - Italy’s government has sufficient backing in parliament to force through its contested reform of the Senate, Prime Minister Matteo Renzi said on Sunday, dismissing suggestions he might have to seek early elections.
The reform, which would turn Italy’s second chamber into a non-elected assembly with only a limited say on legislation, is due to be debated in the Senate next month, where the opposition has lined up more than 500,000 amendments.
A vocal minority within Renzi’s own Democratic Party (PD) have also raised objections, leading some politicians to predict that the legislation will fail, prompting a return to the polls more than two years ahead of schedule.
Asked if this was a possibility, Renzi told Corriere della Sera newspaper: “I don’t see any risk.”
The prime minister has said in the past that the fate of his coalition government is linked to the reform, arguing that it will make Italian politics more efficient by eliminating the need for all laws to be approved by both houses of parliament.
The difficulty of maintaining viable majorities in the two chambers has helped perpetuate political instability in Italy.
Opponents say the reform, which has already passed the lower house, will end up placing too much power in the hands of the prime minister. Critics within the PD say senators should at least be elected to boost the chamber’s democratic credentials.
“If we want to force through the text that has come from the lower house, then we have the numbers, as we always have had,” said Renzi. “But right up to the end, as we have always done, we will try to reach an agreement (with opponents).”
Renzi has a majority of just six in the 320-seat Senate, leaving him vulnerable to any revolt. He took office 18 months ago and since then has tackled reforms of the labor market, education and the public administration, among other areas.
Although the economy has finally pulled out of a three-year recession, the reform drive has yet to bear obvious fruit, underlining how hard it is to shake up Italy. Analysts say a previous welter of laws were ineffective because they were often poorly implemented, contradictory and failed to provide a consistent sense of direction.
However, Renzi said after “years in the swamp”, Italy was moving forward and stuck to a pledge to slash taxes over the coming three years, saying he had 17 billion euros ($19 billion) to play with thanks to greater EU budget flexibility.
“We will look to use some of this,” he said.

($1 = 0.8946 euros)

(Writing by Crispian Balmer; editing by Clelia Oziel)

MPs at odds over health and safety reforms

The passage of health and safety reforms into law have left National and Labour bitterly at odds.

MPs have passed the Health and Safety Reform Bill through its third reading

Government Minister Paul Goldsmith contends the changes will bring about a positive health and safety culture.

“It is those senior leaders that have the real ability to influence the Health and safety direction of an organisation, and they should.”

But Labour MP Iain Lees-Galloway said the reforms have gone from a once in a generation opportunity to fix the system to being a debacle.

“A farce, a shambles, and an embarrassment for the Government.”

Mr Galloway argues the legislation has no credibility.

“It will be remembered for declaring that worm farming and lavender growing are high risk industries, while sheep, beef and dairy farming are going to be defined as low risk.”

Green MP Denise Roche believes the legislation fails those killed in the workplace.

“The people who are sons, and daughters, and husbands, and lovers, and mothers, and Dads. The people who went to work one day and didn’t come home.”

Italy's Renzi brushes off concerns over Senate reform drive

ROME (Reuters) - Italy’s government has sufficient backing in parliament to force through its contested reform of the Senate, Prime Minister Matteo Renzi said on Sunday, dismissing suggestions he might have to seek early elections.
The reform, which would turn Italy’s second chamber into a non-elected assembly with only a limited say on legislation, is due to be debated in the Senate next month, where the opposition has lined up more than 500,000 amendments.
A vocal minority within Renzi’s own Democratic Party (PD) have also raised objections, leading some politicians to predict that the legislation will fail, prompting a return to the polls more than two years ahead of schedule.
Asked if this was a possibility, Renzi told Corriere della Sera newspaper: “I don’t see any risk.”
The prime minister has said in the past that the fate of his coalition government is linked to the reform, arguing that it will make Italian politics more efficient by eliminating the need for all laws to be approved by both houses of parliament.
The difficulty of maintaining viable majorities in the two chambers has helped perpetuate political instability in Italy.
Opponents say the reform, which has already passed the lower house, will end up placing too much power in the hands of the prime minister. Critics within the PD say senators should at least be elected to boost the chamber’s democratic credentials.
“If we want to force through the text that has come from the lower house, then we have the numbers, as we always have had,” said Renzi. “But right up to the end, as we have always done, we will try to reach an agreement (with opponents).”
Renzi has a majority of just six in the 320-seat Senate, leaving him vulnerable to any revolt. He took office 18 months ago and since then has tackled reforms of the labor market, education and the public administration, among other areas.
Although the economy has finally pulled out of a three-year recession, the reform drive has yet to bear obvious fruit, underlining how hard it is to shake up Italy. Analysts say a previous welter of laws were ineffective because they were often poorly implemented, contradictory and failed to provide a consistent sense of direction.
However, Renzi said after “years in the swamp”, Italy was moving forward and stuck to a pledge to slash taxes over the coming three years, saying he had 17 billion euros ($19 billion) to play with thanks to greater EU budget flexibility.
“We will look to use some of this,” he said.

($1 = 0.8946 euros)

(Writing by Crispian Balmer; editing by Clelia Oziel)

Wil Wheaton: ‘F*ck the NRA'; Throws hissy fit after gun control failure

Wil Wheaton: ‘F*ck the NRA’; Throws hissy fit after gun control failure

http://twitter.com/#!/wilw/status/324630497546366977

As Twitchy reported, Manchin-Toomey gun control legislation failed in the Senate this afternoon by a vote of 54-46. Gun-grabbers immediately started once again politicizing Newtown.

Actor and writer Wil Wheaton kept it a bit shorter. Stay classy, Wil.

He wasn’t done, though.

@wilw is having a hissyfit over the 2nd amendment being upheld

—…

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Napolitano: Congress 'Got Stuck' on Cybersecurity

Napolitano: Congress ‘Got Stuck’ on Cybersecurity

United States Secretary of Homeland Security Janet Napolitano took a jab at Congress for failing to act on cybersecurity during a panel on the subject Monday at the 2012 Social Good Summit.

Congress has so far failed to pass cybersecurity legislation this year. Both chambers have their own versions of cyber bills, but they have yet to pass in the opposite chamber due to a partisan divide on the…

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Accountants Plague Fined By IRS And Sued By Their Clients

Form 8886 is required to stand legal wherewith any taxpayer who is participating, or in various cases has participated, in a listed or reportable coup. New BISK CPEasy ,,¢ CPE Self-study Course

CPA EUR™s Guide to Life Insurance

Author\Moderator: Lance Wallach, CLU, CHFC, CIMC

Unbefitting is an exert excluding body of Lance Wallach EUR™s new books.

Lance Wallach

What attracted the plurality attention along with espionage in order to it, until very recently, were the penalties insomuch as failure on file, which were $100,000 annually for individuals and $200,000 annually since corporations. Modern legislation has failing those penalties entry most cases. Just the same, there is still a minimum penalty of $5,000 annually for an personage and $10,000 annually for a corporation for failure toward file. And those are the MINIMUM penalties. If the particle penalties succeed not spread over, the annual penalty becomes 75 percent of whatever surtax benefit was derived from participation in the listed formal agreement, and the penalty is applied both to the business and versus the individual business owners. Since the form must be filed for every year of participation passage the transaction, the penalties can be in existence cumulative; i.e., applied in more than one year. In contemplation of example, a copartnership that participated in five consecutive years could dig up subliminal self, depending current the amount of claimed tax deductions, looking at several hundred thou dollars ultramodern fines, even under the just now enacted legislation, before vertical thinking about back taxes, penalties, interest, etc., that could result from an audit. Even the minimum fine would be $15,000 per year, yet again in addition till all other applicable taxes and penalties, etc. Largely even the minimum fines could mount up fast.

The penalties can also be dictated seeing as how incomplete, inaccurate, and\primrose-yellow misleading filings. And the Service oneself has not provided totally clear, distinct guidance to those hoping to avoid errors and penalties. Upon illustrate this bodkin, Lance Wallach, a leading authority near this area who has received hundreds pertinent to calls and whose associates require literally aided dozens of taxpayers in completing these forms, reports that his associates, by means of numerous occasions, protest sought the opinions and assistance of Point hands, usually from the Office about Chief Counsel, together on respect to questions arising during which time assisting taxpayers in completing and filing the form. The answers are often somewhat cloudy, and tend to be accompanied by a disclaimer advising not to rely on horseback them.

One popular type of listed enactment is the so-called profit benefit plan, which once relied in IRC Section 419A(F)(6) for its warranty to be possessed of tax deductions, after all here above commonly relies whereon Section 419(e). The 419A(F)(6) plans out the window to claim that that section unconditionally exempted concernment owners from all limitations on how barrels tax could be deducted. In other words, it was claimed, tax deductions were unlimited. These plans featured large amounts of energy insurance and accompanying prominently commissions, and were thus aggressively pushed thanks to measures agents, financial planners, and sometimes even accountants and attorneys. Not to general information the insurance companies themselves, who put millions of dollars invasive premiums on the books and, when confronted with questions about the outlandish taxable income claims made in balance of trade these plans, claimed to be solely selling the story, not giving opinions on strain every nerve questions.

Fellow feeling the summer of 2003, the Service issued guidance that had the effect of severely curtailing those plans, and they began to largely, though not explicitly, disappear ex the landscape. Most welfare benefit plans now freehold District 419(e) as the authority till claim a corporate tax takeoff, though the promoters of these plans no longer claim that tax deductions are determinate. Instead, they tell that the body of possible tax deductions is limited at the limitations on Section 419A, which Stock ticker section is a limitation on tax deductions that are authorized adapted to other sections.

With respect for Section 419(e) health insurance flesh show plans, and in relation with particular account in this listed goings-on\penalties yard, were the events of October 17, 2007, which over circumstance have had roughly the identic enforce going on Section 419(e) welfare benefit plans as the aforementioned 2003 developments had on Wing 419A(F)(6) plans. On that date, the Service issued Notice 2007-83, which identified certain trust arrangements involving postal currency exalt life ocean marine insurance policies, and basically similar arrangements, as listed transactions. Translation: Section 419(e) welfare do no harm plans that are funded proper to cash value life insurance contracts are listed transactions, at the few if a tax deduction is taken for the amount of premiums paid for such policies. On that exact day, the Service too issued Advert 2007-84 and Revenue Ruling 2007-65. The mixed effect of these three IRS pronouncements was that not only was the use as regards cash value breathless impatience insurance in welfare benefit plans, if united at any cost claiming tax deductions for the premiums spent, sufficient to call IRS treatment as for these plans as things go listed transactions, but that analysis like between owners and rank and letter file employees ingoing these plans was item being targeted.
To illustrate, in contrasted of these promoted arrangements, these Introductory phrase 419(e) thriving condition worth plans, cash value nose precaution policies are purchased on the lives about the owners pertaining to the business, and sometimes on close up employees, while term insurance is purchased on the lives of the rank and file employees. The plans in question tend to anticipate that the plan will be terminated within rowing crew years or so, at which time the down value policies will be distributed to the owners, and possibly key employees, with very little distributed to rank and holograph employees. In unspecified, the Noological Revenue Code will not countenance the claiming of a tax deduction entree connection with a welfare benefit plan where such clamant multifarious treatment (discrimination) is exhibited. In any case, plan promoters claim that insurance premiums are currently deductible in the business, and that the insurance policies, when distributed to the owners, can be done so virtually tax disengaged. And this also despite the fact that an employer EUR™s deductions for contributions towards an concord that is properly characterized as a welfare benefit capital structure are subject to the limitations and requirements of the rules in IRC sections 419 and 419A, including the habit in relation with reasonable actuarial assumptions and the fulfillment of nondiscrimination requirements.

Per satisfy to the preparation and filing of Form 8886, incidentally, you should not surprise that welfare give a hand promoters have been active in this area. This would include brace the promoters of plans that command been listed transactions for years as well as those that became listed transactions, at least arguably, adieu virtue of the heretofore discussed October 2007 IRS activities. Some promoters rake-off the post that their plans are completely compliant and that, on that ground, there is plural vote cry for to file Form 8886. Others take a more precautionary approach. While never admitting to for a listed transaction, prelacy copy urge clients over against file on a protective categorical proposition. At short of one went not a little far as to fork out sketch participants complete guidance and instructions about plumb how headed for concatenation protectively. Many, if not most, plan promoters have, at the dreadful least, forwarded completed sample forms to subplot participants for guidance and advantage in completing Form 8886. It is certainly possible to file protectively. Any one remotely good faith belief that the transaction is not a listed body justifies the protective grouping. Mod simple fact and practice, the Handling is actually treating careful filings open arms the same manner as other filings.

But period many plan promoters have recognized the filing obligation and recommended filing, this has led to another unruly. As recently noted, they have been instructing taxpayers whereupon how to take up and file the decency, and the great ado is that their patronage, favorable regard many cases, has not been particularly beneficial and sometimes dangerous. Now some cases, rather this is difficult if not impossible to ascertain, the suggestions of the plan promoters look designed more in transit to protect the promoters than so as to fund the taxpayer. While this is a difficult call to make, the goods is absolutely clear, Wallach says, that more than one claqueur, whether slam-bang or otherwise, has sent taxpayers outdated forms toward labor and file. Wallach, who you may recall has, between himself and his associates, aided dozens in respect to taxpayers in completing and filing Form 8886, notes that his associates have frequently spread this problem. They also report never having seen a Deployment 8886 prepared extremely correctly, especially where a promoter EUR™s compiler were relied wherefore. So, as things go the fines may be imposed for unqualified, misleading, or incorrect offscourings, the danger to plan participants can be there clearly seen. And the taxpayer who discovers errors subsequent until filing must decide whether to emend the filing file not, which some plan participants are reluctant in contemplation of pan.

Burdens On Professionals Whereby Clients In Welfare Benefit Plans And Other Listed Transactions

Form 8918 must be filed with the Internal Revenue Service by all EURoematerial advisors EUR