Tuesday, February 28, 2017

What to know about the upheaval in international tax law

News stories about aggressive tax planning by multinationals have led to a political backlash and ongoing change for international tax rules. Five things merit special note with respect to the current turmoil in international tax. 1. Multinational companies are under increased scrutiny Discussions about the obligation to pay tax are now commonplace. Multinationals, often criticized for not paying their fair share, are now under greater pressure to be seen as compliant taxpayers. Many nations have…

from http://www.bizjournals.com/baltimore/news/2017/03/01/what-to-know-about-the-upheaval-in-international.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/157850473587

Chick-fil-A opening in Linthicum Heights marked by road trip and year of free meals for 100

Chick-fil-A will open a location Thursday in Linthicum Heights, marked by a grand opening road trip and one-year supply of free meals offered to 100 customers.

A day-long community service-oriented road trip on Wednesday, hosted by franchise operator Billy McGrath, will replace the typical Chick-fil-A…

from Baltimore Sun
via http://baltimorecheckbook.tumblr.com/post/157837935802

Maryland bank profits increase 18 percent in fourth quarter

Maryland banks saw profits rise 18 percent in the fourth quarter of 2016, in addition to growth in lending and deposits as economic conditions continue to improve. The state’s 54 federally insured banks reported a $348 million profit in the quarter, compared to $295 million the year before, according to data released Tuesday by the Federal Deposit Insurance Corp. Deposits rose 7 percent to $31.1 billion from $29 billion a year ago. Total assets grew more than 7 percent to $38.5 billion. Total loans…

from http://www.bizjournals.com/baltimore/news/2017/02/28/maryland-bank-profits-increase-18-percent-in.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/157836541262

Atlas Restaurant Group names hospitality veteran as COO

The Atlas Restaurant Group has named longtime restaurant industry executive Salvatore Feli as chief operating officer to oversee its growing restaurant lineup. Feli comes to the Atlas Group from Fig & Olive where he was vice president of operations and oversaw the restaurant’s eight locations in New York, Chicago, Los Angeles and Washington, D.C. Prior to that, he worked for hospitality firms One Group and TAO Group. Atlas Group owns Ouzo Bay, Azumi, Loch Bar and Harbor East Deli in Harbor East.…

from http://www.bizjournals.com/baltimore/news/2017/02/28/atlas-restaurant-group-names-hospitality-veteran.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/157836541062

Grilled octopus on a granite counter: Jimmy's in Fells Point going upscale

Jimmy’s Restaurant is reinventing itself. A $500,000 facelift of the beloved 80-seat Fells Point eatery will begin today, said new owner Rudy Keskin who bought the Broadway mainstay on Dec. 13. Soon to come is 24-hour service four days a week, beer and wine on the menu, catering and even starched table cloths to set a new mood each day for dinner service between 3 p.m. and midnight. Jimmy’s legacy, its well-worn white lunch counter, will be replaced with granite. Other changes include removal…

from http://www.bizjournals.com/baltimore/news/2017/02/28/grilled-octopus-on-a-granite-counter-jimmys-in.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/157826693702

414 Light St. apartments to begin pre-leasing this summer

The 44-story luxury apartment tower under construction at 414 Light St. will begin pre-leasing this summer, with the first residents expected to move in March 2018. Pikesville-based Questar Properties, the developer of the project, will open a leasing office in June at the Royal Sonesta Harbor Court Baltimore hotel, along with a model one-bedroom apartment for potential residents to see. Stephen M. Gorn, the CEO of Questar Properties, said there would be a “considerable” number of units debuting…

from http://www.bizjournals.com/baltimore/news/2017/02/28/414-light-st-apartments-to-begin-pre-leasing-this.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/157825223947

Victoria Restaurant Group's Manor Hill Tavern opens in Ellicott City

When you know as many people in the restaurant and brewery industry as Randy Marriner, doing a soft opening of your newest venture isn’t easy. So on Monday at 4 p.m., Marriner, CEO of the Victoria Restaurant Group, posted on Facebook the family’s newest restaurant Manor Hill Tavern would open two hours later in Ellicott City. Still, it didn’t take long before the upscale tavern was full. It is a long-awaited opening for the group’s second restaurant after Victoria Gastro Pub in Columbia. The family,…

from http://www.bizjournals.com/baltimore/news/2017/02/28/victoria-restaurant-groups-manor-hill-tavern-opens.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/157824254152

Trump pledges ‘historic’ defense budget increases. Here’s what that means for defense companies.

In keeping with his campaign theme of building up the military, President Donald Trump pledged Monday that his budget, slated for release next month, will feature “a historic increase in defense spending.” Trump told an audience of state governors at the White House that the increase would "rebuild the depleted military of the United States of America at a time we most need it.” While the Monday announcement didn’t include many specifics, Trump promised to provide more details on Tuesday, when…

from http://www.bizjournals.com/baltimore/news/2017/02/28/trump-pledges-historic-defense-budget-increases.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/157819762007

8 things you need to know this morning

Good morning, and happy last day of February. Today is going to get warmer — with temperatures in the mid-60s — but expect some rain later, possibly around your evening commute. Here are eight things to know to get your Tuesday started. A new poll from Goucher College found that Gov. Larry Hogan currently has a 63 percent approval rating, a considerably high number but a decrease from his 70 percent approval rating in September. Hogan has a 52 percent approval rating among Democrats, a 91…

from http://www.bizjournals.com/baltimore/feature/8-things/2017/02/8-things-feb-28-17.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/157819322197

Baltimore bike share to add 30 stations in May

A planned expansion of Baltimore’s bike share will launch in May, increasing the number of rental stations and the amount of bikes available to riders. Baltimore will install an additional 30 stations, which will hold a combined 265 bikes. The new stations will bring the city’s total to 50, and the number of bikes available to 465. The plan is to have the 50th station installed on May 19, which is National Bike to Work Day, said James Decker, the city’s bike share planner in the Department of Transportation. The…

from http://www.bizjournals.com/baltimore/news/2017/02/28/baltimore-bike-share-to-add-30-stations-in-may.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/157819322062