Lufthansa to Pay Back Bailout

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Deutsche Lufthansa AG plans to raise 2.14 billion euros ($2.5 billion) through a heavily discounted share sale as it strives to repay a German government coronavirus bailout. Questions: How will the airline group raise the money to repay this bailout? What does Lufthansa avoid with full repayment? What are the expectation of the airline for… Read more »

The Coronavirus Testing Procurement Audit

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According to the Washington Post, according to a Maryland state audit, procurement regulations where not followed when the Maryland administration bought 500,000 COVID-19 tests from a South Korean company last year and the first batch of tests that later had to be replaced for an additional $2.5 million was not authorized by the U.S. Food… Read more »

Theaters making a BIG comeback

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According to the Washington Post, Mooky Greidinger, the chief executive of Cineworld, believes that really bright days are ahead of the movie theater industry. Questions What is the theatrical window and how does it impact the U.S. movie theater industry? What is delaying the quick comeback of movie theaters in Europe? How is Cineworld and… Read more »

Ransomware Update

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According to Techrepublic.com, cybercriminals have attacked hospitals and other healthcare organizations with double-extortion ransomware attacks during the COVID pandemic. Questions: What is a double-extortion ransomware attack and how many different ransomware variants are now using the double-extortion plot? Why are cybercriminals focusing on hospitals and other healthcare organizations with these even bolder types of attacks?… Read more »

Working Remotely Causes Tax Problems for Some

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According to the New York Times, workers may have to file more than one state tax return, and in certain situations they could end up owing taxes in both states. The details depend on your home state and what state you worked in during 2020. Questions: What type of rules apply? If you end up… Read more »

More about the “Make Amazon Pay” coalition

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According to the New York Times, Amazon surpasses all largest private employers in adding the number of workers in a single year. Despite this, the costs to workers is not covered by the online giant. Questions: Why does the article claim that health benefits and a 401(k) is not enough to compensate employees? Why was… Read more »

Are You Paying Hidden Covid Fees?

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According to the Washington Post, businesses across the country may be charging you undisclosed COVID fees. Questions: Consumers in how many states have filed complaints with state attorneys general offices regarding undisclosed COVID-related surcharges? What are these surcharges typically for? What types of businesses are the worst offenders? What measures are health insurance providers taking… Read more »

Tax Policy: Not boring anymore

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According to the New York Times, tax policy used to be fairly boring and predictable. But in the past decade, it has become dynamic in a way that tax advisers don’t like: It changes with the political party in power. Questions: According to the article, changes for tax advisers with the political party in power… Read more »

A lookback at 2020

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One of the most read articles by the BV Wire in 2020 was one summarizing the thoughts on the impact of the crisis on valuations by the Business Valuation Update Editorial Advisory Board, in both the U.S. and around the globe. Questions: Edwina Tam, partner at Deloitte in Hong Kong, suggested that issues to be considered… Read more »

Scamdemic

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According to the Department of Justice, three family members were arrested in New York for misrepresenting employee payroll figures to receive COVID-19 loan funds for a chain of family-owned nail salons. Questions: According to the report, how was the payroll misrepresented by this family? What federal organizations were involve in the identification of these fraudsters?… Read more »