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US taxpayers need an extension this year, too

Sure, life is inching its way back to normal, but not for taxpayers. That’s why the Internal Revenue Service should extend the filing deadline this year, just as it did in 2020. One of the main reasons to again give filers extra time after April 15 is the Covid-19 relief bill. The legislation calls for making some of the unemployment ...

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Tencent loses $62bn, wiping out value of fintech business

Bloomberg Tencent Holdings Ltd. shares fell a second day on concern regulators are now turning their sights to Pony Ma’s business empire, fueling a $62 billion wipe-out that one brokerage says obliterated most of the value of its online finance business. The stock fall more than 4% in Hong Kong on Monday. China’s top financial regulators see Tencent as the ...

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India’s move to deter digital monopolies may hit Amazon, Walmart

Bloomberg India’s draft e-commerce rules to prevent creation of “digital monopolies” and aid local startups may raise costs and stymie expansion plans at companies such as Amazon.com Inc. and Walmart Inc. The draft rules seek to prescribe a code of conduct for online retailers and define cross-border flow of user data, according to a note titled Draft Ecommerce Policy. Prime ...

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