December 2022

Along the Atlantic Coast

The week at the beach with family made for a great Thanksgiving. Bets were placed on which houses would next succumb to the waves and be washed to sea. It was rather daunting to stand on the top deck and watch the high tide come up nearly to the foundation of our house.

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New tax credit available to rural Oklahoma businesses through Oklahoma Rural Jobs Act

OKLAHOMA CITY – During the 2022 legislative session, the Oklahoma Legislature passed and Governor Stitt signed the creation of the Oklahoma Rural Jobs Act. The Oklahoma Rural Jobs Act promotes greater access to capital for qualifying small businesses located in rural areas of the state. Through the program, rural funds, their affiliates or investors may earn a tax credit on the equity amount that they invest in a rural fund, which must then deploy as capital expenditures to provide financing for small businesses in rural Oklahoma.

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Google appeals huge Android antitrust fine to EU’s top court

LONDON (AP) — Google is challenging a record European Union antitrust fine that took aim at the Android operating system’s role in restricting mobile competition and consumer choice. The company said Thursday that it filed the appeal against the 4.125 billion euro ($4.3 billion) penalty “because there are areas that require legal clarification from the European Court of Justice,” the EU’s top court.

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Treasury making Trump taxes available to House committee

WASHINGTON (AP) — The Treasury Department said Wednesday it has complied with a court order to make former President Donald Trump’s tax returns available to a congressional committee. The Supreme Court last week rejected Trump’s request for an order that would have prevented the Treasury Department from giving six years of tax returns for Trump and some of his businesses to the Democratic-controlled House Ways and Means Committee.

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