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How you can give away up to $11 million and slash your taxes

How you can give away up to $11 million and slash your taxes

Finance
If you want to shave down your estate tax bill in the future, consider giving away some of your fortune. The Tax Cuts and Jobs Act increased the gift and estate tax exemption to $ 11.18 million per person this year. That's more than double the $ 5.49 million per individual limit in 2017. This means you can transfer more than $ 11 million, either as a gift while you're alive or as a bequest after death, without having the amount subjected to a 40 percent tax. Be aware that, at least for now, the tax code's generosity is a limited-time deal. The $ 11.18 million estate and...
EU to give internet firms 1 hour to remove extremist content

EU to give internet firms 1 hour to remove extremist content

Technology
European authorities are planning to slap internet companies like Google, Twitter and Facebook with big fines if they don't take down extremist content within one hour. European Commission President Jean-Claude Juncker said in a speech Wednesday that the Commission is proposing the new rules as part of efforts to step up the bloc's security. He said that removing material within an hour is important because it's "the critical window in which the greatest damage is done." The EU's executive body said "propaganda that prepares, incites or glorifies acts of terrorism" must be taken offline. Content would be flagged up by national authorities, who would issue removal orders to the internet companies hosting it. Those companies would be given one hour to delete it. The proposal , which still ...
Toronto Film Festival: Hate U Give lead found casting criticism ‘hard’

Toronto Film Festival: Hate U Give lead found casting criticism ‘hard’

Entertainment
The star of the film version of novel The Hate U Give has admitted she found it hard to have her casting queried because she is not darker-skinned."It was the first time in my life that I'd ever had my blackness questioned," Amandla Stenberg told reporters at the Toronto Film Festival."I've never thought of myself as not being black enough," she went on.The film tells of a girl who witnesses the fatal shooting of an unarmed friend by a white police officer.The incident makes her question her place in both her predominantly black community and the private school where she is one of few non-white students.She also faces opposition over her determination to testify against the police officer responsible.Last month the artist who ill...
Milner & Mane give Liverpool victory at Palace

Milner & Mane give Liverpool victory at Palace

Sports
Liverpool boss Jurgen Klopp said he was "not interested in sending a statement" to their title rivals, after victory over hard-working Crystal Palace gave them a second successive Premier League win.The Reds - who finished fourth, 25 points behind champions Manchester City, last season - were worthy winners at Selhurst Park and join five other teams, including City, on six points after two games.James Milner gave them the lead with a penalty after Mohamed Salah was brought down by Mamadou Sakho in the closing seconds of the first half. Palace had young defender Aaron Wan-Bissaka sent off with 15 minutes left after he brought down Salah when the Egyptian was through on goal.And Sadio Mane wrap...
US to give farmers $12bn trade war bailout

US to give farmers $12bn trade war bailout

Business
Media playback is unsupported on your device The US has unveiled a $ 12bn (£9.1bn) plan aimed at helping US farmers hurt by the intensifying trade war.The aid is intended to protect the industry as countries raise taxes on US products such as soybeans in response to new Trump administration tariffs.The US plans to provide subsidies to farmers and buy unsold crops, among other measures.Donald Trump had promised the aid after fierce criticism from farmers, an important part of his support base.Mr Trump has said his tariffs - which he earlier described in a tweet as "the greatest" - are intended to pressure countries to change their policies toward US exports.In a speech on Tuesday, he said farmers would be the "biggest beneficiary" of the ...