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Ashurst bolsters R&I practice in Singapore with CC hire
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Ashurst eyes Clifford Chance for Singapore partner
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Florida lawmakers carve out $31.6 million tax break for business meals
Dubbed the âthree martini lunchâ tax deduction by critics when it was passed by Congress last year, it refers to the practice of taking long leisurely business lunches and deducting them on tax returns as a business expense.
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Updated 1 hour ago
TALLAHASSEE â Florida legislators may be using the budget to cut government and services, but they are also advancing proposals to deliver millions in corporate tax breaks to a select number of businesses â including a $31.6 million break to allow qualifying businesses to write off 100 percent of the cost of all business meals from their state income taxes.
Legislature s cheers! to tax break for 3-martini lunches draws jeers from critics Mary Ellen Klas, The Miami Herald
Apr. 15 TALLAHASSEE Florida legislators may be using the budget to cut government and services, but they are also advancing proposals to deliver millions in corporate tax breaks to a select number of businesses including a $31.6 million break to allow qualifying businesses to write off 100% of the cost of all business meals from their state income taxes.
Dubbed the three martini lunch tax deduction by critics when it was passed by Congress last year, it refers to the practice of taking long leisurely business lunches and deducting them on tax returns as a business expense. The idea was seen as a way to revive the ailing restaurant industry, battered by the pandemic, but critics say allowing companies to write off Florida taxes for the same meal that gets a federal tax break is a kind of double dipping the state can t afford.
Fistral beach in Cornwall on a busy, sunny day
Credit: Getty
Travel writer Chris Moss recently wrote about what he dubs the the Cornwall Conspiracy – the fact that upwards of 4 million Britons flock to the southern most tip of our glorious isle each year for their summer holiday, despite his opinion that the county is vastly overrated.
For Telegraph Travel, he wrote: I will be seeking my light and air, sea and sunshine far from the madding crowds of the oversold and unthinkingly thronged likes of Cornwall.
To say he sparked a conversation is a bit of an understatement. Telegraph readers took up opposing sides of the battlefield and flocked to the comments to fight their corner. Many were in agreement, citing unreliable, stupid, and dishonest locals , sky-high prices and overcrowding as key reasons to stay away. Others reflected on fond family holidays camping and exploring off the beaten path, defending its coastlines and celebrating pasties, crab sandwiches and cream te
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