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How taxes changes will affect small businesses

New York City Trying to Improve Latinos Low COVID-19 Vaccination Rates

New York City Trying to Improve Latinos’ Low COVID-19 Vaccination Rates Plus: Tax documents are keeping undocumented workers from relief funds, bill would end ICE contracts with local governments, and more. When Myrna Lazcano, a community activist from Mexico who lives in East Harlem, got COVID-19, her symptoms dragged on for months. This long-haul illness drove Lazcano to get the COVID-19 vaccine and to share her experience to encourage other Latinos to get it as well. Latinos have been twice as likely to die from COVID-19 as whites and had the highest infection rates in New York City. But vaccination rates among New York City Latinos remain low. Some residents say they distrust the vaccine, but most say they haven’t been able to access it. For example, many undocumented immigrants have struggled to get proper documentation to prove their eligibility. The New Yorker 

PAN not must for hedge funds operating in IFSCs

Synopsis Foreign hedge funds can now operate in International Financial Services Centres in the country without getting a permanent account number, or PAN. Agencies Foreign hedge funds can now operate in International Financial Services Centres in the country without getting a permanent account number, or PAN. Foreign investors of category III alternative investment funds (AIFs) operating in IFSCs will not require PAN if they deduct tax from their income and provide details of investors’ name, address, country of residence and Tax Identification Numbers every quarter, the Central Board of Direct Taxes notified on Tuesday. Category III AIFs include hedge funds. The board had already granted this exemption to foreign investors of AIF categories I and II. The move follows a representation by International Financial Services Centres Authority (IFSCA), an official said, adding, “This would pave way for a large number of category III AIF establishing a base in IFSCs.”

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