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These practices and the individuals using them to their advantage are often difficult to detect and apprehend, as the system capitalizes on key aspects of international trade, such as use of the enormous amount of trade flow to conceal individual transactions. This allows criminal organizations to transfer value across borders while remaining virtually undetected.

Customs agencies are particularly vulnerable in this regard, as they have limited detection resources to detect illegal trading transactions, which has placed an increased amount of pressure on the private sector to pick up the slack. Many institutions within the U. Management of the differences in transnational regulation and legislation between both well-developed and lesser-developed countries has been a constant issue for legislative bodies across the world, specifically in regards to continuously-updating AML requirements.

Thus studies on legislative and ethical differences between the United States and the United Kingdom released in have shown that the lack of uniformity between financial systems and their regulations creates a lot of room for criminals to participate in illegal activities, capitalizing on areas of little legislative overlap in particular.

The study also discovered another negative trend emerging within the financial sector that has lead to an increase in financial crime rates recently, revealing that the tendency to look for short-term results is a contributing factor that often pushes people in influential positions to commit crimes, typically money laundering, bankruptcy fraud or the manipulation of financial statements in order to obtain positive reinforcement. This pressure for quick, positive results is often the driving force behind many of the major financial crimes seen today, and with greater pressure being placed on financial institutions than ever before by respective boards of directors, clientele, and federal regulators among others, it is difficult to foresee this detrimental trend drawing to a close any time in the near future.

In a move made to further address some of the shortcomings seen in both legislation and enforcement of money laundering offenses, the FCA announced the creation of the Office for Professional Body Anti-Money Laundering Supervision OPBAS , designed to check if anti-money laundering and terrorist financing rules are being applied properly by some , lawyers and accountants in the UK. The OPBAS, announced in March and scheduled to be fully operational at the start of , was designed to close loopholes, and level any differences in how anti-money laundering guidelines are being applied by 22 legal and accounting professional bodies, while also improving coordination and information sharing between them.

Many believe that this alone has opened far too many loopholes that are being taken advantage of by clever financial criminals. The Office is also expected to have the power to issue fines for AML failures as well.

With the many benefits provided by automation and artificial intelligence AI when used in the financial realm, it is sad that this newfound reliance on robust technologies was not adopted sooner.

These applications are not only proving to be worthwhile for banks, but also for customers who have been able to make and saving money at greater rates, while also improving their overall customer experience. By using highly developed AI platforms, banks now have the capability to link customer records and other data across multiple accounts i. These developments have also helped the cause in regards to the global war on money laundering, as AML and regulatory technologies RegTech have allowed organizations and government bodies to stay one step ahead of opportunistic financial criminals.

Yes, it seems that with current laws permitting beneficial owners of companies to remain anonymous, an influx of illicit international money has hit several markets within the U.

The report accentuated the fact that, unlike many other developed countries around the world, the U. The rationale behind the uncompromising stance of the U. This decision to not conform has left the U.

Another issue raised in the report was the double standard for reporting requirements between the European Union and the United States under the U. Foreign Tax Compliance Act. The issue is that this reporting is one-sided, as the U. While cooperation and communication between the world powers has increased in the months since the report was published, the allegations against the U.

Over the past several years, the U. As a result, the U. These trials yielded results significant enough to prompt FinCEN to continue the program for two consecutive six-month periods, while also extending their reach to a total of seven distinguished metro areas across the United States. In the initial investigation, title insurance companies of Miami-Dade County and Manhattan were required to reveal the identity of the actual figure s behind the shell companies being used to make real estate purchases.

The monetary thresholds for revealing the individuals behind each transaction will differ for each area, reflecting current market values found within those specific regions. Federal Reserve in September for unsafe practices and oversight failures in its foreign exchange trading business.

Investigators also accused HSBC dealers of sharing confidential information about orders from clients and coordinating trades to boost their own profits. Johnson faces up to 20 years in prison. While proceedings against HSBC were terminated upon receipt of the payment, two former directors of said private bank may still face legal action for their respective roles.

The ultimate collapse of the high-risk Lehman investment products sold to consumers in Hong Kong had a significant impact on the financial system in China altogether, leading to complete overhauls of sales procedures in a number of banks and major losses for thousands of investors throughout the country.

The increase will affect of these associates. First Financial Northwest, Inc. The one-time bonus comes in response to the signing of the U. Kiley III, President and Chief Executive Officer, included a handwritten note with the surprise payments thanking the team for its efforts in and looking forward to a great The expected tax savings give us an opportunity to invest even more in our team. First Horizon National Corp.

Part-time associates will receive a pro-rated share. First Midwest Bancorp, Inc. FMBI , the holding company of First Midwest Bank, announced today expanded investments in its colleagues and communities. These investments include the following: While some long-standing businesses leave our rural Colorado towns, for more urban options, First Southwest Bank stands committed to growing and investing in the people of our Western communities.

The increased starting wages are effective immediately across their six branches in rural Colorado. A local architecture engineering firm has issued bonuses to all of its employees following tax reform. The new tax reform law is giving some benefits to New Jerseyans. As a result of the corporate tax rate cut under the new law to 21 percent from 35 percent, the company will also look to upgrade its facility and hire additional workers.

The dealership is 41 years old and has 17 brands in eight different locations. We call on all of the auto manufacturers we work with to help drive economic growth by giving back to the communities where they employ and invest with appropriate employee bonuses and by creating new jobs with their new capacity for additional capital expenditures.

Paying competitive wages will continue to be a focus for the Company in attracting and retaining the highest caliber employees to serve customers, which translates into strong financial performance and benefit to its shareholders. Moving forward, these funds will be utilized to support causes within its service area.

This contribution was also part of a broader community benefit plan focusing on charitable giving, community development investments and lending efforts serving financially-vulnerable and historically underserved populations. The initiative was designed to support underserved communities to create affordable housing, provide financial literacy and education programs, and to accelerate economic development.

The company also plans to provide an additional week of pay in to employees, who are not participants in other variable-award plans. This is above and beyond general compensation. Great Southern Bancorp, Inc. Springfield, Missouri -- 1, employees to receive a bonus: We are pleased to take advantage of the unique opportunity presented by the tax reform legislation by rewarding our associates with this special bonus.

Great Western Bancorp, Inc. We felt it was important to reward their hard work and dedication with this special bonus, the minimum wage hike and the health care enhancements. In addition to making investments in its people, Karels said the Company is planning to double its annual contribution to its hallmark community reinvestment program — Making Life Great Grants. Giving back to the communities where we work and live is part of our culture and aligns with our mission to Make Life Great.

The investments in people and community will take effect over the next several months. The reduction will be applied starting in the February bill cycle and will be returned monthly throughout as a bill credit. This rate reduction will help offset the recent rate increase that took effect in January. GMP is set to file its next rate case in April. Tony Griffith, who owns three companies in Effingham, agrees wholeheartedly.

Griffith owns Griffith Trucking, inside of which is the moving company, Broadway Express. Group 1 Automotive, Inc. The Company owns and operates dealerships nationwide. Hesterberg, Group 1's president and chief executive officer.

These people are the heart of the Company. This bonus to qualified employees will be paid on March 1, Group 1 is assessing the full impact of the tax reform law on the company's operations.

Additional details will be shared when the company releases fourth quarter and full year earnings on February 8, In its board meeting yesterday, January 23, the Board of Directors of Happy State Bank voted unanimously for a significant wage and benefit increase for employees of the company as a direct result of the new tax reform legislation.

For many of our employees, the raise will be life-changing. Hartford Financial Services Group Inc. This amounts to 9, employees. Harvard Business Services, Inc. Keep up the good work. Changes to federal tax law will lower corporate rates from 35 percent to 21 percent starting this year.

State and federal taxes are included in the base electric rate and with a lower federal tax, the tax rate imbedded in the bill will be reduced. The actions are in appreciation for the commitment employees show in supporting customers and building stronger communities. Investing in these individuals is an important step to help support them, their families and the communities in which we operate. Approximately 53 percent of full-time employees will receive this one-time bonus which is expected to be distributed during January The increase took effect January 1, The announcement comes on the heels of the recently signed federal tax reform bill that cut the corporate tax rate from 35 percent to 21 percent.

HomeStreet made the decision to increase its minimum wage in order to share the tax reform benefits with its employees. The change is particularly welcome as the cost of living continues to increase across the country. This is a sustained, annual benefit that will provide a more secure retirement for our employees.

In taking the step, Hostess cited last month's tax legislation, which slashed the rate for U. It's also offering a year's worth of free food to workers -- though they won't be able to eat all the Ding Dongs they like. A representative from each of Hostess's bakeries will choose a product each week, and the employees will be able to take home a multipack of that item.

One change with immediate consequences is the new tax reform law which took effect January 1. Our steadfast commitment to simplifying the healthcare experience and improving health outcomes for seniors, for TRICARE beneficiaries, and for employer group members remains our top priority, and will guide our decisions as to how to allocate tax-reform proceeds. We have long recognized that our ability to carry out our commitments to those we have the privilege of serving depends on the collective contribution of every associate.

And when Humana achieves sustainable success, we have a greater opportunity to share that success. These measures represent our faith in your ability to continue to contribute meaningfully to the health of our members and the growth of our company for many years to come.

They also increase your opportunity to participate in being rewarded for our business performance and recognize outstanding contributions that we make to those we serve. Details on the implementation of these measures will be forthcoming soon. In addition, we will also be sharing with you additional investments that will align around three important Humana priorities: IBKC , announced today, that following the passage of the new federal tax reform legislation , the Company will invest a portion of savings in its associates in two meaningful ways: We are very proud of our team, and we are pleased to reward those who take care of our clients and our communities every day in extraordinary ways," says Daryl G.

Westbrook, Maine — Increased k contributions:. IDXX , Maine's largest publicly traded company, on Thursday announced plans to share the benefits of federal tax reform with employees by paying more into their retirement plans. The company said the move is a reinvestment of financial benefits realized from US. IDEXX makes diagnostic tests for pets, poultry and livestock as well as quality and safety tests for water and milk.

It employs more than 7, people worldwide and has customers in over countries. The bonuses will exclude the Senior Management Team. Iron Horse Energy Services Inc. Eolia, Missouri — bonuses for all 93 employees; due to a lower tax burden the company is also continuing to cover percent of healthcare. We were looking at considerable employee participation in payment of premiums occurring this year. Thank you Mr Trump for being a business man. This welcome tax cut for ISI Financial Group and most other companies and individuals is a welcome and prudent step toward freeing up capital for all of us to invest into our economy and great country.

I, Tim Decker, personally challenge other companies to share this gift with their employees as well. The firm has always believed that the highest and best use of its capital is to support employees and local communities and businesses by doing what a bank is supposed to do: Through this new investment, the firm will develop hundreds of new branches in several new U.

The new tax reform law will revamp the tax framework and reduce the maximum tax rate for corporations from 35 percent to 21 percent. The total wage adjustment will affect more than one third of their entire workforce. We believe these tax changes will be positive for our company, and provide us the opportunity to do good things for our Crewmembers, Customers and shareholders. When tax reform looked like a real possibility late last year, we formed a team to think through what it could mean for each of these important groups.

Many ideas are on the table but we believe our Crewmembers should be the first to benefit. This will add two more full time job openings that will help two more families.

And it will put a little more money in the bank for my family. My wife is a registered nurse and has a k which is doing better this last year than in the previous 13 years!! Thankfully I will be taken delivery of my new trucks in two weeks and hitting the road!

Jordan wanted a simple campaign that would make it easier for more companies—especially small businesses—to do the same this holiday season. Take home pay for most American workers will increase in , but why wait?

Kalb Industries of Nevada, Ltd. Las Vegas, Nevada — pay raises for employees who have been with the company three months or longer:. We received a tax cut from the bill that Congress passed last night and as part of our family, we would like to pass along some of that savings to you all. On your next payroll check, all employees that have been here more than three months will receive a raise on their next check.

Again thank you all for all the hard work, and dedication this year. We look forward to working with our regulators and stakeholders on the best way to do that. The full impact of this tax change will take several months to determine, as any proposed change to customer rates requires the approval of the KCC and MPSC. In addition, in determining how the tax reduction will impact rates, the company will request that regulators review and update all costs necessary to serve its customers.

Exact number receiving bonus unknown at this time; the company employs 6, KCS wants to share the benefit with our employees, who work so hard to serve our customers and increase shareholder value. Key will be sharing the expected tax benefits with its employees by increasing its minimum wage and making the additional retirement plan contribution referenced above.

The hub will be the work location for employees. In fact, on election day, the owners gave us the day off and once Trump won the election, we got the whole weekend off and paid for.

Only having 6 people employed, it is much easier and fun to celebrate these "small crumbs". This is a once in a lifetime opportunity and we know we want to reinvest much of the savings back into our bank and the first place we are going to put it is into the hands of our employees.

Employees are our most important asset. Re-investing into its employees is the first step company owners took. The bonuses will be based on an employee's length of service with Lowe's, and more than , part- and full-time individuals are set to receive the payouts, the company said.

Lowe's declined to comment on how the bonuses would be broken out based on tenure. The company said it will provide more details on those investments in the coming weeks. Lowe's is set to report fourth-quarter earnings Feb. This announcement comes as a result of the recently passed tax legislation , which includes a reduction in corporate tax rates. Approximately 1, associates are employed throughout the MainSource footprint in Ohio, Indiana, Illinois and Kentucky.

The pay increase will affect over employees. We are pleased to direct a portion of this savings back to many of our employees with a meaningful increase in pay. However, we will make two adjustments. Because we hold this belief so closely it is only natural that we share the benefits of tax reform. Their passion sets them apart. That money should go to the people who built the company. EBSB , the holding company for East Boston Savings Bank the "Bank" , following the new tax law being passed by Congress and signed by the President on December 22, , announced the following enhanced commitments to the Bank's employees, infrastructure investment and charitable giving which will benefit its customers and the communities it serves: We are excited to surprise all of them with this reward.

The company does metal stretch forming, bending, metal fabrication and painting services, according to the news release, serving aerospace, automotive, marine and architectural purposes. Companies big and small are passing along tax savings to the workers who help build our economy. Mountaire had an amazing year in We are blessed with great people and great opportunities. Our performance is outstanding and the blessings of Jesus Christ are all around us to enjoy.

I am very encouraged that the President of the United States and the Republican Congress have reduced taxes for businesses and individuals for I am extremely excited about what this new change means to our company and all Mountaire employees.

Very soon you should see the impact of the new lower tax rate in your paychecks. Additionally, because of this new tax reduction, I am pleased to announce that on February 2, , Mountaire is going to pay a one-time discretionary bonus to hourly employees. This bonus will be subject to normal taxes and distributed to all full-time Mountaire hourly and piece rate employees as follows: I have also decided to make significant improvements to our k savings plan.

And also, effective November 1, you will be given immediate vesting on k matching monies. All these improvements are being done because of the Tax Reform and Tax Cut passed by the Republicans in Congress and signed into law by our President.

I am very optimistic about our performance and the future of Mountaire and our country. May God continue bless us and guide us!

The new year brings a new salary increase for all 55 employees at Musicnotes, Inc. After a strong sales performance, Musicnotes was named to the Internet Retailer Top list for the 13th straight year in and garners over half of the worldwide digital sheet music market, according to traffic statistics from SimilarWeb.

The company has sold products to over six million customers since On the heels of expansive federal tax reform, National Grid will request a reduction in its pending natural gas distribution rate proposal with the Massachusetts Department of Public Utilities. When federal tax reform legislation was signed into law in late December, the company began assessing how reductions in corporate tax rates could benefit customers. The company announced today it will update its rate proposal with the DPU for natural gas rates that will go into effect in October Last November, National Grid had put forth its first proposal since asking the RIPUC to adjust its base distribution rates for both gas and electric customers.

Since that time, National Grid has been assessing how the newly passed federal tax reform legislation that was signed into law in late December could benefit our customers. One aspect of this bill lowered the corporate tax rate to help make America more competitive in the global marketplace and to help grow our economy. This lower tax rate has a positive impact to Navient. In total, 98 percent of our teammates will receive this bonus, which will be delivered through a special payroll deposit next week.

Moreover, in the Company will be increasing both its investment in infrastructure to enhance customer-facing technology and contributions to nonprofit organizations in its footprint. Nelnet CEO Jeff Noordhoek said the tax plan will greatly benefit the financial services company, which does very little business overseas and pays close to the full corporate tax rate.

According to its annual report, its effective tax rate that year was While the reduction in taxes will provide the company extra cash to invest and return to shareholders, "We also want to share this benefit with our employees," Noordhoek said. Nephron Pharmaceuticals Corporation Nephron CEO Lou Kennedy today announced five percent increases for all employees with the exception of commissioned employees.

Congress and signed by President Trump. This is in addition to annual bonuses paid in late In addition to this one-time payout, NexTier is committed to providing educational and career advancement opportunities to employees on an ongoing basis with educational benefits such as tuition reimbursement, internal training, and a variety of industry training opportunities. NexTier will also make adjustments to the wages of hourly employees throughout the year.

All Nexus Services, Inc. Also, Nexus unveiled plans to hire another workers over the course of — doubling the size of Nexus Services, Inc. The more than new jobs Nexus plans to create over the next 12 months will each have a "living wage" and provide full benefits including, health, dental, vision, and retirement plans. A combination of an improved business outlook for and tax reform by Congress has enabled Nexus Services, Inc.

Shin stated, "We are pleased to have the opportunity to reward employees with salary increases and bonuses thanks to these tax cuts. We are proud of our dedicated and enthusiastic employees who have made Noah Bank a success. Shin added that, "The new legislation will continue to benefit Noah Bank, our employees, our shareholders, and our customers as we progress and grow.

Noah Bank intends to pay out the bonuses on February 8. The opportunity to do better for our employees and business was an exciting event. We took a leap of faith that congress would pass the historic tax reform. On top of this, we decided to invest in a new building and name for the business. The building we chose is the former headquarters of our family business. Moving into this new building will provide our employees with more space and higher quality work environment and location.

The name we chose also ties in with ou roots as a successful and respected family business. Electric rate benefits from federal tax reform are being considered and reviewed separately. This bonus is separate, and, in addition to, normal bonuses received based on company performance. The new plant includes seven, modern quick-start natural-gas turbines that replaced two of the oldest natural gas-fired units in the country.

Today's filing reflects those benefits as well as our ongoing efforts to manage costs, which provide customers with a modern, highly efficient power plant at virtually no impact on monthly electric bills. Old Dominion Freight Line Inc. We expect that the anticipated improvement in the economy will create additional opportunities for use to WIN market share and grow our Company more than originally anticipated. As a way of saying THANK YOU for continuing to deliver best-in-class service, and to share part of our anticipated tax savings with you, a one-time bonus payment for non-executives will be included in your paycheck this week.

The company delivering electricity to most North Texans would likely save millions from the new corporate tax rate cut. But that entire windfall is expected to go back to consumers. That's the result of a recently completed rate case where the state's largest regulated utility agreed to return all tax cut benefits to its customers. The new Republican tax plan has brought a variety of tax cuts.

Pacific Power says they are committed to passing the benefit of this tax cut on to customers. Pattison Sand Company Clayton, Iowa: He met many of our people and saw for himself what we do every day. We told him about the high costs of over-taxation and over-regulation.

He did his part, taking our message back to Washington. He fought for real tax reform that will bring our business taxes in line with other industrialized countries. More importantly it will mean more take home pay for our people.

He is also working put more common sense into federal regulations. We did our part too. And yes we are growing, adding staff and buying more equipment. We thought you should know. In response to the newly passed tax reform legislation, Peoples Bank https: If approved, Pepco would plan to begin providing a credit lowering customer bills starting in the first quarter of The tax savings are the result of federal tax reductions under the new Tax Cuts and Jobs Act , which was signed into law on Dec.

The decrease in the Corporate Tax Rate from 35 percent to 21 percent reduces the amount of federal income tax Pepco will have to pay. Demchak, PNC's chairman, president and chief executive officer. We want our employees to feel the direct benefit of these cuts , especially since because of their efforts we are coming off another record year in Paul, Minnesota — tax reform bonuses were given on Jan.

It has been said that all U. That is everyone from the janitor on up. Rocky Mountain Power says it plans to pass some of its federal tax savings on to customers.

But, the company isn't sure how much or when. We are happy to share with our employees the anticipated tax saving for realized by the Tax Reform bill recently passed by the US Congress and signed by President Trump. As a result of the tax savings expected in , we will be passing this savings on to our employees. Also, please accept this bonus as a gesture of appreciation for your hard work and loyalty to Rod's Harvest Foods.

You are our most valuable resource! Before we were on all the islands," she said. Non-management-level employees who had been with the company since July 1 were given the checks this week — almost in all. In connection with the anticipated benefit of the Tax Act , the Company awarded a.

Saban Capital Group Inc. According to a letter to staffers at Saban Capital Group, which invests in entertainment and communications companies, Haim and his wife, Cheryl, were inspired by Disney's decision to award bonuses to its employees.

Before Disney, several companies including Comcast and Starbucks said they'd be handing out bonus checks and Apple gave out stock bonuses because of tax reform championed by President Donald Trump that reduces the rate paid by corporations to a maximum of 21 percent, down from 35 percent previously.

For many years, business owners have voiced concerns about the burdens associated with high taxes and over-regulation. It is my hope that others will follow and show support for Senator Portman and President Trump as they fight to lower our tax burdens and reduce regulations. George, Utah is sharing the benefits of federal tax reform with its employees. According to an internal memo the company will increase k contributions, increase capital expenditures, and increase charitable donations, and will enhance the existing bonus and incentive programs.

According to the memo emphasis mine:. Historically, these programs have been modeled to neutralize any tax impact which has been generally negative to employees. However, under new tax reform, the company will modify those models to pass the benefit on to employees. As a result, employees are expected to enjoy a nearly 17 percent increase in financial bonuses for every eligible employee. There have been numerous questions and much publicity surrounding recent significant tax reform becoming effective this year.

Additionally, given the new long-term benefits of the reform, SkyWest plans to increase our charitable contributions, as well as reinvest in our fleet and across our operation to provide even more confidence in our airline and future.

Additionally, the company will increase its discretionary k contribution to all participating employees in This change will be effective January 1, , and will be distributed beginning with the first Performance Rewards payout in late April Performance Rewards and profit sharing program payouts will remain on current schedules based on each specific program; and the company will continue to evaluate each of our programs for economic impact and the most value to employees.

To our incredible team, I want to say thank you for the great work you do each and every day to take care of each other and our customers. Along with investing in our team, we will also invest in hiring talent and will fund investment in technology to provide enhanced solutions for our customers.

The Southwest Board of Directors authorized a bonus to all Southwest Airlines Employees to celebrate the recent passage of the tax reform legislation. We're a software development company which I founded in This is the first time I've done anything like this. We will also now be in a position to invest in some long overdue software and equipment upgrades to smooth out production flow and further support our customers and employees. Sundance Vacations president John Dowd cited two tax reform factors that he believes will positively impact company profits.

The immediate bonuses are in addition to the reduction in tax withholding that Americans will benefit from beginning in February. Hundreds of other companies are also issuing bonuses nationwide which Dowd believes will inject more spending into the US economy. Businesses will invest in workers and equipment, generating the historic growth that has been dormant in our nation for far too long.

I am very excited for companies in Pennsylvania like Sundance Vacations as they award bonuses because of our tax plan. The future is very bright for Pennsylvania. STI is taking a series of actions to invest savings from tax reform in supporting the financial wellness of its workforce and communities. El Mirage, AZ — The company employs approximately people.

My hope is that our insurance industry leads the way with both large public insurance corporations and small insurance agencies announcing their plans for leveraging their tax savings toward a bright American future. My hope is that news media does their part by reporting every announcement building awareness of the growing tsunami. I want our company to participate in that tsunami. I want our employees to help define that destiny. Thermo Fisher Scientific Inc. Casper, president and chief executive officer, Thermo Fisher Scientific.

The Travelers Companies, Inc. One objective of the legislation is to spur economic growth and therefore the U. In addition to benefiting from economic growth, Travelers will benefit directly from the legislation in two important ways.

Second, the legislation will level the playing field for U. One of the opportunities all of these benefits create for us is to make additional investments in our business. I shared at a recent all-employee meeting that our vision as it relates to investment and innovation is to strengthen our competitive advantages with two goals in mind: The leadership team decided that given our confidence in our business and the way we are successfully positioned for the opportunities ahead, we should start making additional investments immediately.

We also came to the conclusion that we should use the opportunity to make our first investment in our most valuable asset and greatest competitive advantage — our people. The bonus will be paid in January to then current employees. Eligible employees will hear more shortly. In addition, while we have only a small number of U. Tri-State Trailer Sales, Inc. We were very motivated that President Trump and Congress made the tax reform decision to benefit the American People and the Businesses they work for.

This new tax reform will also assist our company in continuing to support some of the great non-profit organization we have in the past.

Turning Point Brands, Inc. These employees would not normally get a bonus like this. Our dedicated employees are responsible for our success, and we are very pleased to announce this bonus for them during the holiday season. We are extremely happy with tax reform and wanted our valued employees to feel the benefits. We can attest that this tax package is directly benefiting working people, just as our national leaders promised when they started this effort.

Umpqua Bank, based in Portland, Ore. In response to Congressional approval of tax reform legislation , Unity Bancorp, Inc. We foster an entrepreneurial culture at Unity where the employees and bank can grow together and this decision fits perfectly with that philosophy. Unity Bank intends to pay the bonuses to its approximately employees in January. As part of an internal communication, President and CEO Paul Verst wrote that, as a result of the approved tax reform legislation, "Verst Logistics will realize reduced tax obligations going forward.

I want to be sure that you and your families share in the benefits of your accomplishments and the new tax reform legislation. In a more recent statement, Paul Verst commented, "We are excited to be included in the growing list of organizations that believe the new tax plan will help our economy by creating new opportunities for business and putting more money in the hands of hard-working people across the U.

The recent passage of tax reform legislation here in the U. We are in the very early stages of determining the extent and timing of the investments that we might make.

As we explore the range of potential options, taking actions in support of our employees around the world is high on our list. As an initial step, and recognizing that the change in tax is focused on the U.

This enhanced benefit will be available to all U. We are also exploring a range of talent, education and technology investments designed to provide sustained enhanced benefits to all employees around the world, consistent with the role everyone will play in building our business for years to come.

We look forward to sharing more specifics with you in the coming months. Today, Walmart announced plans to increase the starting wage rate for all hourly associates in the U. The company is also creating a new benefit to assist associates with adoption expenses. Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.

While the new law will create some financial benefit for the company, Walmart is early in the process of assessing potential additional investments. Further details will be shared, as appropriate, when the company releases quarterly results Feb. A discrete one-time charge will be taken in the fourth quarter of the current year to account for the bonus; qualification will be determined before the end of the month and payments will be paid as quickly as practical thereafter.

The change is in addition to wage increases already planned for many U. The increase applies to all hourly associates in the U. Salaried associates will also receive six weeks of paid parental leave. Disney says both initiatives are due to recent tax reform. Some of the biggest companies in the United States have been giving out bonuses to employees, often citing the recently-passed tax bill as the motive. The bonus applies any full-time and part-time employees who have been working for Disney since before January 1.

Those eligible will receive the bonus in two parts, with one in March and the other in September. Executive level employees are exempt. Disney's education initiative will be available to nearly 88, hourly employees in the U.

Washington Trust Bancorp, Inc. The special compensation is in addition to any merit increases or incentive bonuses for which they may be otherwise eligible. Approximately 34, qualified Waste Management employees could receive this special bonus. It was great to do and my staff is very pleased. Westar said that a detailed application is being prepared and will be filed later this month or early February. All utility rate changes must be approved by the KCC.

That process typically takes a few months to review and confirm. In addition to passing through the benefit of lower tax rates, regulators will review and update all other costs to provide electricity. The bank, which has about 1, total employees, also plans to improve maternity leave benefits, though Mr.

Sarver declined to detail those changes. Willis, Chairman and CEO. The awarding of these bonuses and our minimum wage increase is our way of sharing our optimism with our most important asset: Now Steve Wynn has announced he plans to do the same for his Wynn Resorts workers. The billionaire casino industry mogul shared more than just strong earnings during a fourth-quarter call with investors.

An enthusiastic Wynn, who serves as the finance chairman of the Republican National Committee, had much praise for Trump and his fellow Republicans in Congress, who worked to pass the tax reform bill in December. In , Foundation beneficiaries included the United Way, youth programs, food pantries, homeless shelters, affordable housing projects, and educational programs. Posted by Tyler Tate on Friday, February 2nd, , 4: Importantly, California is increasingly locked in competition with other states to attract and retain aerospace businesses.

Although nonintervention is preferable to economic incentives, these aggressive actions to attract businesses illustrate that until the space tax is repealed, California will continue to fall further behind in attracting jobs and business investment to the state.

Unfortunately, the damage of this space tax is not limited to jobs and business investment. The bill poses a key question for California Democrats: Over companies have already announced tax reform bonuses, pay raises, and k hikes. Kansas City-based Hostess Brands, Inc. But the elitist lefties over at Think Progress have been desperately attempting to dismiss all of the good news stemming from tax reform and the Hostess bonuses really sent them over the edge.

They declared the Hostess bonuses to be "phony. In a Think Progress post today titled " Hostess hands out phony tax bill bonuses with a twist " they write:. In a borderline on-the-nose move , Hostess is also giving employees one free multibox of snacks per week in addition to the small bonus. Let them eat cake, right? Posted by Jorge Marin on Wednesday, January 31st, , 1: The proposed reforms in Tennessee follow a pattern of conservative states looking to overhaul their juvenile systems to improve rehabilitation results while using state resources more effectively.

We know that too many kids get lost in the juvenile justice system. With great leadership from the Senate and the House, a task force on juvenile justice studied our system and determined that reform is needed. We can do better. We can be smarter. And tonight I am asking the General Assembly to adopt responsible reforms that will focus the most significant state intervention on the most serious offenses.

We know from evidence that costly out-of-home placements, in many circumstances, are not good for children, communities or taxpayers. With a responsible investment now, we can positively impact the lives of children and their communities, and use our resources more effectively.

Taking low level juvenile offenders out of their homes is an extreme and costly measure. This is especially important in Tennessee, where 44 percent of juveniles placed in out-of-home detention committed non-violent misdemeanors, technical violations of probation, and unruly offenses, which are crimes that apply only to children.

Research on the matter shows that juvenile incarceration can in fact increase the likelihood of long-term criminality in these kids. As it turns out, warehousing kids with violent criminals makes them better criminals. Tennessee has an opportunity to help kids turn away from lives of crime. Posted by John Kartch on Tuesday, January 30th, , 5: JFK rejected the politics of envy and class hatred. How the Democrat party has changed.

Posted by Patrick Gleason on Tuesday, January 30th, , 1: Yet a number of state chief executives have already introduced some exciting reforms during the annual speeches to their state legislative bodies.