But now, from April 6th, the coming Finance Act will let them limit their risk but keep their tax losses.
The Supreme Court's ruling considerably loosens an important provision of the 2002 campaign finance act, sponsored by Republican Senator John McCain and Democrat Russ Feingold.
The phase-out of itemized deductions will add about 1.2% and he will also have to pay a combined Medicare tax rate of 3.8% (the regular 2.9% for self-employed people plus the new 0.9% surtax enacted to help finance the Affordable Care Act).
Watergate precipitated the next wave of campaign-finance reform, the Federal Election Campaign Act Amendments of 1974, which supplemented the 1971 law and created much of the regulatory structure that endures today.
The act cleared the Senate Finance Committee in August and politicians from both governmental parties have expressed support for its extension.
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When the next recession reveals the next act of lunacy and the urge to re-regulate finance takes hold, remember that today's successes were founded partly on those freedoms.
The best thing this chancellor of the exchequer did and most likely ever will do was his very first act as finance minister: he gave the Bank of England a huge piece of his job, in the form of operational control of monetary policy.
The New York State Department of Taxation and Finance has released guidance on the effect of The Marriage Equality Act.
Exiting the personal-finance business, Ornstein began Act Two of his life.
Nelson held a hearing at the Senate Finance Committee to tout his proposed legislation, the Identity Theft and Tax Fraud Prevention Act, to allow, among other things, more taxpayer information sharing between the IRS and local law enforcement.
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The Dodd-Frank Act established a Consumer Finance Protection Agency with little to no congressional oversight over its sweeping powers to impose new regulations.
The finance minister said London is well placed to act as a gateway for Asian banking and investment for Europe and a bridge to the United States.
"By basing the center here at the school, we can act as a bridge between the academic world and the world of business and finance, bringing together people from different backgrounds, academic disciplines and from the international business community, to jointly focus on the most important policy debates of our time, " he said.
Several Western pharmaceutical giants say India's 2005 Patent Act fails to guarantee the rights of investors who finance drug research and development.
India's finance minister has attempted a deft balancing act between the pressures of populism and the imperatives of austerity in the annual budget.
The good news is that Mr Hollande and Pierre Moscovici, his finance minister, have at last woken up to the need to act.
The trend is largely driven by the Sarbanes-Oxley Act of 2002, which required CEOs and finance chiefs to sign off on quarterly financial reports, according to Mr. McGreal.
Having a Finance Committee isn't a statutory requirement under the Government of Wales Act.
But federal law allows other types of loans to be rescinded for up to three years if the borrower can prove violations of the Truth in Lending Act, such as an inaccurate interest rate or undisclosed finance charges.
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But virtually every campaign-finance decision involving free speech, like Monday's ruling against the Arizona Clean Elections Act, has come down to a 5-4 vote along ideological lines.
The Federal Reserve System, reconfigured by the Banking Acts of 1933 and 1935, is able to act quickly to prevent a high-finance crisis from becoming a credit-card crunch.
To avoid this problem, the people who control large pools of capital need to act more like venture capitalists, and less like corporate finance departments.
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