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Mike Klyszeiko
Director of Launchpad USA, Amcham Finland
[/fusion_text][fusion_social_links icons_boxed=”” icons_boxed_radius=”” color_type=”custom” icon_colors=”” box_colors=”#cd1453″ tooltip_placement=”” blogger=”” deviantart=”” digg=”” dribbble=”” dropbox=”” facebook=”” flickr=”” forrst=”” googleplus=”” instagram=”” linkedin=”https://www.linkedin.com/in/michael-klyszeiko/” myspace=”” paypal=”” pinterest=”” reddit=”” rss=”” skype=”” soundcloud=”” spotify=”” tumblr=”” twitter=”” vimeo=”” vk=”” whatsapp=”” xing=”” yahoo=”” yelp=”” youtube=”” email=”mailto:mike.klyszeiko@amcham.fi” show_custom=”no” alignment=”center” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” /][fusion_separator style_type=”shadow” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” sep_color=”” top_margin=”” bottom_margin=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” /][fusion_separator style_type=”none” 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Here are recent developments from the U.S. that we wanted to share with you. Please let us know if there is something more specific you are looking for:
U.S. Tax Filing Date Delayed to July 15th
An important announcement was made by the Internal Revenue Service (IRS) regarding tax filing and tax payment dates. The deadline for both was delayed from April 15th to July 15th. This extension applies to personal, trust and corporate taxes. If you are liable for U.S. tax filings, please contact your tax professional if you have not done so already. Here are more details from the official IRS announcement:
The U.S. Federal Reserve Takes Further Action to Backstop U.S. Economy
The Fed is taking unprecedented steps to ensure that millions of U.S. companies, both big and small, as well as local governments have the capital and liquidity they need to sustain their operations through this crisis. If you have a U.S. company that needs financial assistance let us know and we can assist you in getting help.
The Fed’s official announcement:
https://www.federalreserve.gov/newsevents/pressreleases/monetary20200323b.htm
Some analysis:
Here is a link that summarizes all actions the Fed has taken since the Covid-19 crisis has begun.
Congress is Close to Passing a Rescue Package
Parties seem divided on what should be included in a rescue package for the American economy. Negotiations between the parties, as well as representatives of the White House and Congress, went through the night in hopes that a deal will be struck today. With each passing day without a bill in place there is an increasing likelihood that the American economy will fall into a deeper recession than the one currently expected.
https://www.politico.com/news/2020/03/23/senate-coronavirus-rescue-package-143799
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