The Daily Citizen-News on the federal income tax filing deadline extension:
For many people who have procrastinated, panic sets in during the middle of this month most years as they scramble to file their state and federal tax returns by the usual date of April 15.
But 2021, much like 2020, isn’t like most years. Your federal and state tax returns aren’t due Thursday, thanks to a time extension of a little over a month.
The Treasury Department and Internal Revenue Service announced last month the federal income tax filing due date for individuals for the 2020 tax year was extended from April 15 to Monday, May 17. The Georgia Department of Revenue made the same filing date change.
LG, SK reach US$1.8B settlement to end EV battery spat
Gabrielle Coppola, Susan Decker and Christoph Rauwald, Bloomberg News An employee secures battery pack cable on a Volkswagen e-Golf electric automobile. Photographer: Krisztian Bocsi/Bloomberg , Photographer: Krisztian Bocsi/Bloomberg
Two South Korean electric-vehicle battery makers reached a last-minute settlement in a bitter U.S. trade dispute, sparing President Joe Biden from choosing between undermining intellectual property rights or dealing a politically toxic blow to his climate agenda.
SK Innovation Co. agreed to pay 2 trillion won (US$1.8 billion) to LG Energy Solution, a unit of LG Chem Ltd., according to a statement from the two companies. The payment is divided equally in cash and royalties, they said.
Two South Korean electric-vehicle battery makers reached a last-minute settlement in a bitter U.S. trade dispute, sparing President Joe Biden from choosing between undermining intellectual property rights or dealing a politically toxic blow to his climate agenda.
SK Innovation Co. agreed to pay 2 trillion won ($1.8 billion) to LG Energy Solution, a unit of LG Chem Ltd., according to a statement from the two companies. The payment is divided equally in cash and royalties, they said.
Shares of SK Innovation surged as much as 18% in early Seoul, and was trading while LG Chem gained as much as 4%. The deal is a “major positive” for SK Innovation, Morgan Stanley analysts said in a note to clients.
SK Reaches $1 8B Settlement With LG That Will Save Georgia Plant globalatlanta.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalatlanta.com Daily Mail and Mail on Sunday newspapers.