Despite 'three martini' tax break, COVID-19 bill leaves struggling US restaurants cold
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Despite 'three martini' tax break, COVID-19 bill leaves struggling US restaurants cold
A restaurant serves customers in an outdoor patio amid restrictions announced in November during the coronavirus outbreak, in Manhattan, New York City, Nov 13, 2020. (Photo: REUTERS/Andrew Kelly)
23 Dec 2020 01:50AM
(Updated:
23 Dec 2020 05:21AM)
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NEW YORK: The US$900 billion coronavirus relief package passed by the US Congress on Monday (Dec 22) contains a high-profile tax loophole for business meals, but not the one thing most requested by independent US restaurants which have been devastated by the pandemic: cash.