Or in a number of different other circumstances guaranteed debts and the like. Those trigger a current inclusion of these deferred income thats been allowed to accrue tax free just like your i. R. A. Has been allowed to accrue tax free. And in code section 956, congress authorized treasury to write regulations to prevent the avoidance of the provisions of the section through reorganizations or otherwise. So, again, treasury has been given authority under this code section to tackle the kinds of problems, economic challenges that the inversion phenomena exists. As i mentioned, there are over 500 specific grants of authority. Im only highlighting two here. I could speak to many more, but ill let the discussion continue. Thanks. So im going to return back to steve again. Steve, i want to ask if theres any other tools you want to add to that list, and then well spend a few minutes talking about first the impact of using those tools and then secondly how we think that would the wisdom of do
Thank you so much for your efforts. Theres significant city wide efforts going on. One of the cities leading the way is the city of chicago. We are proud to be joined by chicago commissioner of Public Health. Thank you very much. Would you standup . [ applause ] one of our great partners at the federal level, assistant secretary of defense dr. Jonathan woodson. Dr. Woodson is leading an effort across the military to stop smoking and tobacco use. We can all agree that deserves some applause. Thank you dr. Woodson. [ applause ] we are pleased the local champions and statewide champions are here today. Its an example of the exciting work under way but work we need to accelerate and continue. Today, we meet at a cross roads. Over the past five decades, we are learned what it will take to end the tobacco epidemic and make the next generation tobacco free. Scientists, researchers and policymakers determined what works and the steps necessary to end the tragic epidemic. The question is, what
Biden just threw out the name, if he didnt know who they were, why did he denounce them . And david pluff on the democrats could stretch their map into alaska . When all in starts right now. Good evening from new york. Im chris hayes. We are 33 days from election day. Hard to believe. Here are some snapshots on the campaign trail. These are Republican Campaign events. Nikki haley tweeting this picture today of her posing with New Hampshire republican women who are all running for office. She says theyre strong, smart and amazing. Shes sniffing around a president ial run. But what do you notice . What do you notice about that photo right there . Huh, looks like it could be a photo from 2018 or 2016 or 2019, you know, a bunch of people right next to each other not Wearing Masks indoors like the before times in direct contra vengs of cdc guidelines. Just a New Hampshire republican women getting together as if the virus doesnt exist. Heres mike pence. Another event. This one in iowa today.
Closing high. Tyler, just thinking about that, that was april 30th, our 25th anniversary and see if we can do it again today. I think the s p is trading at record high closing territory. Meantime, a heavy duty lineup on closing bell. Exclusive interviews with cant fitzgerald head and two friends who started with 200 have a brand worth millions. And will housing turn out to be a bad investment over the next decade . Kevin oleary says yes. Hes here to make the case that youre better off renting right now than owning a home and wait until you hear why. Heres where we stand in the markets. Tyler mentioned the dow is up a couple of points to 16,729. Still 15 shy of the record closing high. Take a look at the nasdaq which after underperforming for the last couple of sessions is trying to add 15 point today and the s p 500, keep a close eye on this one. The record high is 1924 just about, and were trading at 1926 right here with about an hour to go, tyler. Lets talk markets. Joining our Closi
I just wanted to mention that one of the tools an Agency Always has is enforcement of the law as it is. And my article was directed at going expanding regulations to address issues that might not be able to reached under current law. But i didnt discuss in that article an antiabuse regulation under section 956 that as i read it, on its terms and because of some peculiar aspects that are quite expansive could actually be used to treat what is called a hopscotch loan from a controlled foreign subsidiary. If we had the picture back up i dont know if thats possible up to the new foreign parent as in many cases, not every case, but in many cases as a deemed dividend to the u. S. Company. So, the real need for regulations, in my view, is cases where that regulation with respect to using the offshore earnings would be cases like that regulation would not reach or that the i. R. S. Which has great discretion under that regulation chooses not to apply it, and in particular cases where theres po