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The U.S. House Financial Services Committee, which oversees and makes recommendations on legislation relating to financial services including insurance, has called for the passing of a Pandemic Risk Insurance Act (PRIA). The idea is to provide a reinsurance backstop to cover losses to the insurance sector from future pandemic outbreaks like the ongoing Covid-19 coronavirus…
Read MoreThese days are getting harder. Today I heard about physicians getting intubated. I heard about physicians having to make the decision to separate from their children indefinitely. I heard about health care workers who officially ran out of PPE. I heard of hospitals that are nearing capacity and many young patients who are intubated. The…
Read MoreAs U.S. lawmakers grapple with the final details of a major economic relief bill, it is instructive to see what measures other countries are using to soften the economic shock of the coronavirus outbreak. On March 12, the Australian government announced the first of what are now two tranches of economic support. Together, the two…
Read MoreThe coronavirus outbreak has caused policymakers around the world to think through ways to respond to the health crisis. A major element of that response has been to shutter businesses and cancel public events. This has led to major reductions in economic activity, and policymakers have responded in creative ways to support businesses and workers…
Read MoreI roll in my bed, unable to sleep. I listen to BBC talk about the craziness that took over the world, preoccupied with this one question. What question? It’s not: “Why, Corona?” For that, I already have more answers than I want. Scientists say that COVID-19 is an animal virus. It spread to humans from…
Read MoreCountries around the world are implementing emergency tax measures to support their debilitated economies under the coronavirus (COVID-19) threat. Providing tax relief to the people and companies that are most affected, until the emergency abates, is welcome. Countries should consider tax relief measures because the health issue is creating a substantial economic shock. Taxes that…
Read MoreTips for working remotely; when days become years; bad preparers; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-plandemics
Read MoreOne thing they all agree on: It hasn’t cut their workload. Original Article Posted at : https://www.accountingtoday.com/news/time-out-how-the-deadline-postponement-is-affecting-tax-preparers
Read MoreCFOs can play a crucial role in helping employees in the finance and accounting department during the pandemic. Original Article Posted at : https://www.accountingtoday.com/news/cfos-can-reassure-finance-employees-during-coronavirus-crisis-says-ima
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