Category: bill
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Debut of Bill Ackman’s new fund delayed but expected to proceed By Reuters
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By Svea Herbst Bayliss (Reuters) – The U.S. launch of billionaire investor Bill Ackman’s new Pershing Square USA fund has been delayed without giving a reason, the New York Stock Exchange said on Friday. The exchange said on its website late Friday that the initial public offering, which was expected…
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Bill Ackman’s own hedge fund is asking investors to ignore what he says
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It’s not every day that a company asks shareholders to disavow any comment made by its parent company’s largest shareholder and its chief executive. But that’s exactly what Pershing Square USA Ltd. did on Thursday when it blamed Wall Street speculator Bill Ackman. In a letter marketing his new closed-end…
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Bipartisan bill seeks to combat AI Deepfake misuse with watermarking and provenance
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A bipartisan group of senators has introduced a new bill that aims to combat the misuse of fake content using artificial intelligence by requiring such content to be watermarked. BillSen. Maria Cantwell (D-Wash.), Sen. Marsha Blackburn (R-Tenn.), and Sen. Martin Heinrich (D-N.M.) have introduced a proposal that proposes a uniform…
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Bipartisan bill seeks to combat AI Deepfake misuse with watermarking and provenance
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A bipartisan group of senators has introduced a new bill that aims to combat the misuse of fake content using artificial intelligence by requiring such content to be watermarked. BillSen. Maria Cantwell (D-Wash.), Sen. Marsha Blackburn (R-Tenn.), and Sen. Martin Heinrich (D-N.M.) have introduced a proposal that proposes a uniform…
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Moody’s downgrades Kenya after rejection of Ruto’s Finance Bill 2024
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Global rating agency Moody’s on Tuesday downgraded Kenya’s credit rating, citing the country’s inability to implement austerity measures due to the withdrawal of the unpopular Finance Bill 2024. The downgrade means Kenya’s local and foreign currency debt obligations have moved further into junk territory, from ‘B3’ to ‘Caa1’. A junk…
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President Ruto directs Sh346 billion budget cut after Finance Bill rejection
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President William Ruto has directed the National Treasury to prepare a mini-budget for the financial year starting in July after rejecting the 2024 Finance Bill, which was expected to raise an additional Sh346 billion. President Ruto on Friday signed the 2024 Fiscal Appropriation Bill, which allows the national government and…
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State eyes Sh56bn passport, immigration fees after Finance Bill fail
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The Treasury is targeting at least Sh55.8 billion in administrative fees and charges for services such as issuing national identity cards, passports, work permits and marriage certificates in the next financial year starting in July, up from Sh28.3 billion last year. The extra billions are crucial in a year when…
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Why MPs won’t be recalled for special sitting on Finance Bill
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The National Assembly will not be summoned for a special session to consider President William Ruto’s reservations on the now-abandoned controversial Finance Bill, 2024 that sparked mass protests and breaches of Parliament Buildings on Tuesday. National Assembly Speaker Moses Wetangula, who received President Ruto’s memorandum of reservation over his refusal…
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Congressman Matt Gaetz Introduces Bill to Allow Federal Income Tax Payments in Bitcoin
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Congressman Matt Gaetz (R-Fla.) has introduced legislation allowing federal income tax payments to be made in Bitcoin. Reported exclusively First reported by The Daily Wire, this bill aims to amend the Internal Revenue Code of 1986, directing the Secretary of the Treasury to develop a plan to accept Bitcoin. Urgent:…
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Congressman Matt Gaetz Introduces Bill to Allow Federal Income Tax Payments in Bitcoin
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Congressman Matt Gaetz (R-Fla.) has introduced legislation allowing federal income tax payments to be made in Bitcoin. Reported exclusively First reported by The Daily Wire, this bill aims to amend the Internal Revenue Code of 1986, directing the Secretary of the Treasury to develop a plan to accept Bitcoin. Urgent:…
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Florida lawmaker pitches ‘Bitcoin for Taxes’ bill
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A Florida lawmaker has introduced a bill that would give the green light to Bitcoin as an approved payment method for federal taxes. On Tuesday, Republican Representative Matt Gaetz proposed a bill that would allow US citizens to settle their federal income tax liabilities using Bitcoin (BTC). Gates said that…
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Florida lawmaker pitches ‘Bitcoin for Taxes’ bill
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A Florida lawmaker has introduced a bill that would give the green light to Bitcoin as an approved payment method for federal taxes. On Tuesday, Republican Representative Matt Gaetz proposed a bill that would allow US citizens to settle their federal income tax liabilities using Bitcoin (BTC). Gates said that…
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US Residents Can Pay Federal Tax In Bitcoin (BTC) If This New Bill Becomes Law
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In a promising development for the cryptocurrency scene in the United States, the congressman said Matt Gaetz The state of Florida has introduced a bill that would allow American taxpayers to settle their debts Federal tax In Bitcoin (BTC). This bold legislative step aims to modernize the country’s tax system…
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US Residents Can Pay Federal Tax In Bitcoin (BTC) If This New Bill Becomes Law
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In a promising development for the cryptocurrency scene in the United States, the congressman said Matt Gaetz The state of Florida has introduced a bill that would allow American taxpayers to settle their debts Federal tax In Bitcoin (BTC). This bold legislative step aims to modernize the country’s tax system…
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Explainer: What happens if Parliament rejects Finance Bill 2024 in totality
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The Treasury presented a worst-case scenario if the entire finance bill is rejected in the National Assembly, warning of major spending cuts in a forced shake-up of the government’s spending plans. According to the Treasury, rejecting the bill would open a Sh200 billion revenue gap, leading to cuts of the…
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Explainer: What happens if Parliament rejects Finance Bill 2024 in totality
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The Treasury presented a worst-case scenario if the entire finance bill is rejected in the National Assembly, warning of major spending cuts in a forced shake-up of the government’s spending plans. According to the Treasury, rejecting the bill would open a Sh200 billion revenue gap, leading to cuts of the…
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Finance Bill: MPs drop ‘punitive’ taxes as Kenyans protest
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The National Assembly Finance Committee bowed to pressure from various stakeholders and dropped a number of controversial provisions in the 2024 Finance Bill, even as Kenyans took to the streets in Nairobi on Tuesday morning to protest the proposed laws. This afternoon, the committee is expected to submit its report…
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Bill Gates is ready to plow billions into his startup’s nuclear plant
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Bill Gates said he is ready to pump billions of dollars into a next-generation nuclear power plant project in Wyoming to meet the United States’ growing electricity needs. TerraPower LLC, a startup founded by Gates, began construction on its first commercial reactor last week in Wyoming, where a coal plant…
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Finance Guru Bill Miller IV
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In his latest blog mail Under the headline “Why I’m Still Betting on Bitcoin,” financial expert and seasoned investor Bill Miller IV, CFA, CMT, Chairman and CEO of Miller Value Partners, reiterated his bullish stance on Bitcoin. According to Miller, who is chairman and CIO of Miller Value Partners and…
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InvoiceCloud Report Unveils Path to Universal Online Bill Pay
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For decades, the bill collector has been a familiar, if unwelcome, figure in American life. Armed with a tough demeanor and a stack of paper bills, they were a constant reminder of looming financial obligations. The advent of online bill payment has promised to relegate the harbinger of late fees…