The document discusses a proposal by June and Ira Klein to create a marketplace where small businesses could sell unused federal tax deductions for equipment purchases. The Kleins argue this would provide cash for small businesses that are unprofitable in early years and cannot take the full deduction. However, a tax expert believes the proposal could reduce government tax revenue if large profitable companies buy the deductions. Supporters argue the lost revenue would be minor compared to existing small business programs. The Kleins are working to build support for the proposal among politicians and business groups in New York and Connecticut.
Affiliate Marketing Agreements and Internet Sales Tax - Affiliate Marketing W...Gaida Zirkelbach
Slides from November 20, 2009 presentation by Gunster attorneys Gaida Zirkelbach and David Bates at the South Florida Interactive Marketing Association\'s Affiliate Marketing Workshop - Covers Affiliate Marketing Agreements and Internet Sales Tax
Affiliate Marketing Agreements and Internet Sales Tax - Affiliate Marketing W...Gaida Zirkelbach
Slides from November 20, 2009 presentation by Gunster attorneys Gaida Zirkelbach and David Bates at the South Florida Interactive Marketing Association\'s Affiliate Marketing Workshop - Covers Affiliate Marketing Agreements and Internet Sales Tax
Crains, Manhattan Chamber Congress, Senator Gillebrand, 5 Ws & H of proposal; 1 pager, $1trillion cash solution; Congressman Himes, Congressman Larson game changer book series
An overview of the status of state advertising tax legislation, what to expect going forward, and how to fight it.
Wright Andrews, Partner, Butera & Andrews
Bennet Kelley, Founder, Internet Law Center (Twitter @internetlawcent)
How the “affiliate nexus tax” was killed once and for all – and launched performance advertising onto the national e-commerce stage.
Experience level: Beginner, Intermediate, Advanced
Target audience: Affiliates/Publishers
Niche/vertical: Nexus
Scott Allan, Vice President of Marketing, LinkShare (Moderator)
David Andre, Founder & Chairman, Cartera Commerce, Inc.
Rebecca Madigan, Executive Director, Performance Marketing Association (Twitter @pmassociation)
Matthew P. Schaefer, Partner, Brann & Isaacson
Advertising Tax Impact Accomplishments And The FutureAffiliate Summit
Discussion on the Advertising Tax by industry leaders that have played a key role in organizing industry advocates and educating legislators on the impact of state tax nexus legislation.
Brian Littleton, President / CEO, ShareASale.com (Twitter @Brianlittleton) (Moderator)
Karen Garcia, Partner, GTO Management (Twitter @karengarcia)
Beth Kirsch, Volunteer, Performance Marketing Alliance (Twitter @bethkirsch)
Melanie Seery, President, Affiliate Voice (Twitter @mellies)
The RE Investment News is the monthly newsletter publication from Mid-America Association of Real Estate Investors. MAREI has been serving real estate investors in the Kanas City Metro and across the country with networking, education, and benefits since 2004. Learn more on www.MAREI.org.
Original air date: May 15, 2018
Recording available at http://www.mhmcpa.com
Administrative, legislative and judicial updates emerge from Washington each quarter that may affect your business. Our free, quarterly webinars provide insight to help prepare you for the tax developments of the most interest to you, your business and other interested stakeholders.
Our Eye on Washington webinars assist CEOs, CFOs, financial executives and advisors, and other interested parties in navigating the complex tax environment. From federal tax reform to IRS guidance and healthcare reform, topics covered will provide the up-to-date information you need to help you plan for the future.
Crains, Manhattan Chamber Congress, Senator Gillebrand, 5 Ws & H of proposal; 1 pager, $1trillion cash solution; Congressman Himes, Congressman Larson game changer book series
An overview of the status of state advertising tax legislation, what to expect going forward, and how to fight it.
Wright Andrews, Partner, Butera & Andrews
Bennet Kelley, Founder, Internet Law Center (Twitter @internetlawcent)
How the “affiliate nexus tax” was killed once and for all – and launched performance advertising onto the national e-commerce stage.
Experience level: Beginner, Intermediate, Advanced
Target audience: Affiliates/Publishers
Niche/vertical: Nexus
Scott Allan, Vice President of Marketing, LinkShare (Moderator)
David Andre, Founder & Chairman, Cartera Commerce, Inc.
Rebecca Madigan, Executive Director, Performance Marketing Association (Twitter @pmassociation)
Matthew P. Schaefer, Partner, Brann & Isaacson
Advertising Tax Impact Accomplishments And The FutureAffiliate Summit
Discussion on the Advertising Tax by industry leaders that have played a key role in organizing industry advocates and educating legislators on the impact of state tax nexus legislation.
Brian Littleton, President / CEO, ShareASale.com (Twitter @Brianlittleton) (Moderator)
Karen Garcia, Partner, GTO Management (Twitter @karengarcia)
Beth Kirsch, Volunteer, Performance Marketing Alliance (Twitter @bethkirsch)
Melanie Seery, President, Affiliate Voice (Twitter @mellies)
The RE Investment News is the monthly newsletter publication from Mid-America Association of Real Estate Investors. MAREI has been serving real estate investors in the Kanas City Metro and across the country with networking, education, and benefits since 2004. Learn more on www.MAREI.org.
Original air date: May 15, 2018
Recording available at http://www.mhmcpa.com
Administrative, legislative and judicial updates emerge from Washington each quarter that may affect your business. Our free, quarterly webinars provide insight to help prepare you for the tax developments of the most interest to you, your business and other interested stakeholders.
Our Eye on Washington webinars assist CEOs, CFOs, financial executives and advisors, and other interested parties in navigating the complex tax environment. From federal tax reform to IRS guidance and healthcare reform, topics covered will provide the up-to-date information you need to help you plan for the future.
June Klein interview Most Innovative Financial TechnologistJune Klein
June Klein, founder of Technology & Marketing Ventures, Inc. wins Most Innovative Financial Technologist Award from Corporate LiveWire Innovation & Excellence
Investor presentation Paythru March 2015June Klein
Benefits for Retailers; Experienced Management Team; Business Drivers; About Offline to Online Exploding; Ignite Defining Mobile Contextual Marketing; St Pancras Flagship Application-Ignite; Market Positioning; Partner Strategy; Financials & Key Sales Pipeline; Global Case Study - South Africa; Investment Case
June Klein, Chair & CEO of Technology & Marketing Ventures and of Paythru Inc. NYC launch of mobile payments and marketing solutions won this prestigious global innovative technology award.
Technology & Marketing Ventures, Inc. and June Klein awarded Wealth & Money Management Award for innovation at their customer in mobile marketing and payments solutions worldwide.
Wealth and Finance International awarded Technology & Marketing Ventures Inc. (TMV) the award for Innovation in Corporate Technology for Electronic-BoardroomTMVi(r) Solutions.
Crain's NY article features June Klein and Technology & Markeitng Ventures, INc.
1. VOL. XXVII, NO. 19 WWW.CRAINSNEWYORK.COM MAY 9-15, 2011 PRICE: $3.00
Small businesses, especially
startups, often won’t be profitable for
years. But they still have to invest in
such things as manufacturing tools
and computers. Though the federal
government offers a substantial tax
deduction for equipment purchases,
businesses that operate at a loss—and
thus don’t owe any taxes—lose the
deduction for that year.
JuneR.Kleinandherhusband,Ira
Klein, would like that to change. They
are pushing for federal legislators to
propose a law that would create a
marketplace where a small business
could sell deductions it can’t use.
Connecting buyers, sellers
A small-business owner herself,
Ms. Klein is CEO of Technology
& Marketing Ventures Inc., a
Manhattan-based consulting firm.
Mr. Klein is a tax attorney and general
counsel for his wife’s firm.
TheKleinsenvisionamarketplace
that would connect buyers and sellers
and would determine the value of
equipment-depreciation deductions
through a bidding process.
The mechanism would be similar
to that for tax benefit transfer leases,
which were developed during the
recession of the early 1980s. The
leases let owners sell equipment-
depreciation deductions, though not
in an auction-like setting.
“Most small businesses didn’t
take advantage of TBT leases because
of their complexity and the legal
costs,” said Mr. Klein, who helped
craft the details of those leases. The
authorizing law was repealed in 1983,
he added, as large companies were the
primary beneficiaries of the leases.
The Kleins insist that a tax
benefit exchange would be simpler
and would boost small companies by
giving them cash for a deduction they
can’t use immediately.
Income balancing
Sara Horowitz, founder and
executive director of the Freelancers
Union, based in Brooklyn, thinks
the exchange could help freelancers.
“Anything that allows them to
even out their income over time is a
good thing,” she said.
TheKleinsareworkingonbuilding
local support for the initiative. In
March, Ms. Klein gave the proposal
to Nancy Ploeger, president of the
Manhattan Chamber of Commerce,
and to Sen. Kirsten Gillibrand’s staff
in New York. They have also sent it
to Rep. John Larson, a Connecticut
Democrat on the House Ways and
Means Committee. The senator’s
office is reviewing it; Mr. Larson’s has
not yet done so.
The Kleins argue that their
proposed law wouldn’t cost the U.S.
Treasury anything and wouldn’t affect
the deficit, because depreciation
deductions are “already scored
in the deficit calculations by the
Congressional Budget Office.”
But that representation isn’t
accurate, according to Sandy Botkin,
president of the Tax Reduction
Institute and author of Lower Your
Taxes—Big Time!.
“If a firm in the top bracket
buys the depreciation, it will get an
immediate reduction in taxes and the
government loses revenue, [perhaps]
a substantial amount,” said Mr.
Botkin, also a former IRS attorney. “I
think that will make this a loser in
Congress. They are looking for ways
to balance the budget, and this isn’t
going to help them do that.”
Ms. Ploeger thinks the proposal
has legs, however.
“President Obama has put a
lot of money into funding Small
Business Administration programs,
and if this is another way to [do that],
we should,” she said. “If you add up
all the monies our government is
already spending on small-business
support—$30 billion here, $50 billion
there—the loss will be a drop in the
bucket.”
BY: EILENE ZIMMERMAN
Proposal would
create a cash market
for unusable
depreciation breaks
Promoters of
a bill insist the
cost is already
accounted for
SOLD: June and Ira Klein are gathering support for the auction-like mechanism they envision.
444 E 82ND ST NY, NY 10028 USA
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