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Ted Knutson

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DC financial reporter Native Chicagoan who votes for thin crust. Opinions are my own---especially that one.
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Articles

Congress opens can of worms with 15% minimum tax based on book income

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By Ted Knutson, Robert Freedman Verified
| legaldive.com
This audio is auto-generated. Please let us know if you have feedback. The decision by lawmakers to base a 15% minimum corporate tax on book income rather than regular IRS rules in the landmark Deficit Reduction Act that’s expected to pass soon will likely keep general counsel and their finance counterparts in the C-suite busy.
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How Much Money Do Retirees Need To Be Happy?

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By Steve Vernon, Ted Knutson
| Forbes Verified
Most of today’s pre-retirees and recent retirees face a serious planning dilemma: They don’t have sufficient retirement savings, together with Social Security benefits, to retire full time at age 65 and continue to spend at the same level as when they were working. This conclusion is supported by several research reports.
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Proposed rule could push more family offices to lawyer up

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By Ted Knutson
| legaldive.com
A proposed federal rule that would require certain companies to identify their owners could put added pressure on family offices to hire legal counsel. Under the rule proposed by the U.S. Department of Treasury, beneficial owners of the enterprise and the persons who file the paperwork to form or register it would need to submit their names and the addresses to Financial Crimes Enforcement Network (FinCEN), a bureau in the U.S. Treasury.
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