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Why You Should Avoid U.S. Banks When Paying Foreign Vendors

Are you tired of paying high bank fees every time you pay a foreign vendor? If so, you’re not alone. Many online money transfer users are looking for a more affordable way to send money abroad. Unfortunately, most people still think the best option is to use a U.S. bank. But did you know that this can be a costly mistake? In this blog post, we’ll explain why U.S. banks are not the best option for paying foreign vendors and provide some cheaper alternatives.”

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If you’re a U.S.-based business that pays foreign vendors, you may have considered using a U.S. bank to wire the payments. After all, it’s convenient and seemingly easy to do. However, there are some major drawbacks to using a U.S. bank for these types of transactions. In this blog post, we’ll outline some of the reasons why you should avoid U.S. banks when making payments to foreign vendors.

 

Reasons to Avoid US Banks

  1. Hidden Fees: When you use a U.S. bank to make a payment to a foreign vendor, you may be charged hidden fees that you’re not aware of. These fees can include things like currency conversion fees, international wire transfer fees, and more. As a result, the total cost of the transaction can be much higher than you anticipated.

 

  1. Poor Exchange Rates: Another downside to using a U.S. bank for these types of payments is that the exchange rate is often not as favourable as it would be if you went through a specialized international payments provider like MTFX. This means that your vendor will receive less money than they would have if you had used a different method of payment.

 

  1. Slow Payments: When you use a U.S. bank to make an international payment, the process can take several days to complete. This is because the payment has to go through multiple steps and intermediaries before it finally reaches your vendor’s account. If you need to make fast payments, using a U.S .bank is not the best option. 

 

How Much Tax is Owed?

The amount of tax you must withhold from payments made to foreign vendors depends on two factors: the type of income involved and whether the vendor has provided you with a valid tax identification number (TIN).

If the income is considered “fixed or determinable,” such as interest, rent, royalties, or most annuities, you must withhold at a rate of 30%. For all other types of income—including wages, commissions, and certain types of fees—you must withhold at a rate of 14%. 

However, if the foreign vendor can provide you with a valid TIN, you may be able to reduce or eliminate the withholding by claiming an applicable treaty benefit. For example, under the U.S.-Canada Income Tax Treaty, withholding on royalties paid to a Canadian resident is generally reduced to 5% if the recipient has provided a valid TIN. 

Conclusion

All in all, it’s usually best to avoid using a U.S. bank when making payments to foreign vendors. There are hidden fees, poor exchange rates, and slow payments that can end up costing you more money and causing headaches down the road. Instead, consider using a specialized international payments provider that can help you save money and make fast, efficient payments.

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Streamline Your Borrowing Experience: The Benefits of Faxless Lending Solutions

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Faxless Lending Solutions

Are you tired of dealing with the hassle and delays of traditional lending solutions? Look no further than faxless lending! With this streamlined approach, you can say goodbye to the headache of waiting for documents to be faxed back and forth. Instead, enjoy a faster and more efficient borrowing experience that allows you to get the funds you need quickly. In this blog post, we’ll explore what faxless lending is, how it works, and the benefits it can offer borrowers like you. So sit back, relax, and learn why faxless lending may be your solution for a stress-free borrowing process!

What is Faxless Lending?

Faxless lending is a relatively new approach to the borrowing process that allows borrowers to complete their application entirely online without any need for physical paperwork or faxing. Unlike traditional lenders, who require applicants to fill out multiple forms and submit documentation via fax, faxless lending streamlines the entire process by eliminating these requirements.

With this innovative solution, borrowers can enjoy a faster and more convenient experience when obtaining funds for personal or business needs. Instead of waiting days or even weeks for loan approval and funding, they can receive an instant decision on their application and get the money they need in as little as one business day.

The technology used in faxless lending ensures that all documents are securely transmitted over encrypted channels without any risk of interception by unauthorized parties. And because there’s no paper trail involved, it eliminates the possibility of lost documents or mistakes caused by manual data entry.

Faxless lending is an excellent option for anyone seeking a simpler way to obtain funds quickly with minimal hassle. With its many benefits and easy-to-use interface, it’s worth considering if you’re looking into borrowing solutions.

How Does Faxless Lending Work?

Faxless lending is a quick and easy solution for those who need cash urgently. So, how does it work?

Faxless lending eliminates the need to send documents via traditional methods such as fax machines or email attachments. Instead, borrowers can submit their loan applications online through a secure portal.

Lenders use advanced technology to verify applicant information instantly. This includes verifying employment status and income through third-party sources without requiring physical documentation.

Once approved for the loan amount requested by the borrower – funds are transferred electronically into their bank account within 24 hours of approval.

Faxless lending offers convenience and speed when compared with traditional lending solutions that require mountains of paperwork before an application can be processed.

The Benefits of Faxless Lending

Faxless lending solutions have revolutionized the way people borrow money. The traditional method of borrowing required a lot of paperwork, including faxing documents back and forth between the lender and borrower. With faxless lending, borrowers can easily access funds without any paperwork or hassle.

One of the main benefits of faxless lending is convenience. Borrowers can apply for loans from anywhere and at any time without having to worry about finding a fax machine or rushing to send documents before a deadline. This makes it easier for individuals with busy schedules or those who do not have access to a physical office to obtain funding quickly.

Another benefit is speed. Faxless lending solutions allow borrowers to get approved within hours and receive their funds as soon as possible, often on the same day they applied. This quick turnaround time is especially important when facing unexpected expenses or emergencies that require immediate attention.

Additionally, security is another advantage of faxless lending solutions. These lenders use advanced encryption technology and other security measures to protect personal information provided by borrowers during the application process.

Using faxless lending solutions provides several advantages over traditional methods such as increased convenience, speed, and security which are all crucial factors in today’s fast-paced world where everything needs to be done promptly while ensuring safety measures are upheld for sensitive data protection purposes

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‘The Whole Thing Seems Insane: New Documents on Fox and the Election

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‘The Whole Thing Seems Insane: New Documents on Fox and the Election

 

As news networks projected Joseph R. Biden Jr. as the next president in November 2020, Fox News hosts Tucker Carlson, Sean Hannity, and Laura Ingraham were unsure what to say on air. Ms. Ingraham texted her colleagues, asking what they would do the following night. Mr. Carlson responded that he planned to feature Dominion Voting Systems, a little-known voting technology company that had become a target of Trump supporters who suspected the election had been rigged.

Mr. Carlson admitted feeling uneasy about the conspiracy theories surrounding Dominion’s purported role in a fictitious plot to siphon away votes from President Donald J. Trump. He wrote that the whole thing seemed insane to him, and Sidney Powell, a legal adviser to the Trump campaign, was making everyone paranoid and crazy, including him. Text messages like these, released as part of Dominion’s $1.6 billion defamation lawsuit against Fox News, offer some of the clearest evidence yet about the misgivings that many inside the network expressed to one another, despite telling their millions of viewers a different story of fraud and malfeasance at the polls.

Some Fox hosts and guests have continued to air claims about widespread election fraud and advance a revisionist account of the Capitol riot on January 6, 2021. Mr. Carlson, in particular, has evolved from a skeptic to an election denier, as seen in the newly disclosed messages. This week, he broadcast selectively edited footage, given to him by Speaker Kevin McCarthy, that tried to recast the attack as little more than an “orderly and meek” procession of curious sightseers who were rightfully upset with how the election had been conducted.

Despite ridiculing claims about a plot to steal the election as “shockingly reckless” and “absurd” in his November 2020 text messages, Mr. Carlson continued to give credence to lies about widespread voter fraud this week. He said on his Monday program that the protesters were angry and believed that the election they had just voted in had been unfairly conducted, and they were right.

Inside the Media Industry

The Cost of a Movie Seat: As the film business changes rapidly, multiplexes are experimenting with pricing in ways that may seem shocking to theatergoers.

Rupert Murdoch: The conservative media mogul acknowledged in a deposition in a $1.6 billion defamation lawsuit that several Fox News hosts promoted the false narrative that the 2020 election was stolen.

Dropping ‘Dilbert’: Hundreds of newspapers across the country will stop running the comic strip after its creator, Scott Adams, said that Black people were “a hate group.”

Carlos Watson: The founder of the troubled digital start-up Ozy Media was arrested on fraud charges, punctuating one of the more precipitous falls in the annals of online journalism.

He added, without providing any specifics: “In retrospect, it is clear the 2020 election was a grave betrayal of American democracy. Given the facts that have since emerged about that election, no honest person can deny it.”

“With regard to the presentation on Fox News last night, I want to associate myself entirely with the opinion of the chief of the Capitol Police about what happened on Jan. 6,” Mr. McConnell said. Senator Mitt Romney of Utah, the Republican nominee for president in 2012, called Mr. Carlson’s broadcast “dangerous and disgusting.”

A Fox News spokeswoman said on Tuesday that Dominion had used “distortions and misinformation” in its recent filings by misattributing quotes and leaving out context to smear the network.

“We already know they will say and do anything to try to win this case, but to twist and even misattribute quotes to the highest levels of our company is truly beyond the pale,” the spokeswoman said.

Some of Mr. Carlson’s private remarks about Mr. Trump are difficult to square with the praise he has lavished on the former president publicly. At times, the host and his producers were gleeful about what a news cycle without Mr. Trump would look like. And they cheerfully predicted his waning power as a political force.

“We are very, very close to being able to ignore Trump most nights,” Mr. Carlson wrote to members of his staff on Jan. 4, 2021. “I truly can’t wait.”

One producer replied, “I want nothing more.”

Then Mr. Carlson responded, “I hate him passionately.”

The new documents show how Rupert Murdoch, chairman of Fox Corp, was also harshly critical of Mr. Trump — to the point of being disdainful at times. Mr. Murdoch said during his deposition in the Dominion lawsuit that he believed the former president was a sore loser.

And asked whether he had ever believed that there was “massive fraud” in the 2020 election, Mr. Murdoch replied unequivocally.

“No. I have never even studied it,” he said.

At one point, according to the full text of an email made public on Tuesday, Mr. Murdoch asked the chief executive of Fox News Media, Suzanne Scott, whether some hosts had been too willing to accept false accusations of fraud. Mr. Murdoch complained on Jan. 21, 2021, that Fox was “still getting mud thrown at us!” for inflaming the rhetoric that helped spur the Jan. 6 assault.

Then Mr. Murdoch conceded, referring to Mr. Hannity and Ms. Ingraham, “Maybe Sean and Laura went too far.”

The messages also show how Fox hosts like Mr. Carlson and Ms. Ingraham were furious at their colleagues on the Fox News decision desk, the group that calls elections for the network, whose early prediction that Mr. Biden would win Arizona angered Mr. Trump and his supporters.

Ms. Ingraham said the work of the decision desk was an inside job, intended to sabotage conservative hosts like her. “We are all officially working for an organization that hates us,” she fumed.

Dominion’s lawsuit poses a serious threat to Fox’s business and reputation. Although libel cases against media organizations are historically hard to win, the recent documents show the mounting evidence Dominion has so far gathered to persuade a jury of its central claim: that Fox knew the election fraud claims were false but recklessly promoted them anyway.

But it is not a full picture. Fox lawyers redacted the documents extensively, leaving much of what people said to one another under seal. The New York Times and several other media outlets are challenging the legality of those redactions.

Lawyers for Fox say the network was merely reporting on newsworthy events, covered by the First Amendment, by airing Mr. Trump’s allegations, and have provided some examples where hosts pushed back on the claims or added a caveat that evidence of the fraud had not yet been produced.

They have also argued that Dominion’s business wasn’t meaningfully hurt and that the $1.6 billion damages claim is not justified. A Fox News spokeswoman pointed to an email in the latest cache of documents sent by John Poulos, the chief executive of Dominion on Dec. 4, 2020. Mr. Poulos, responding to another executive’s concerns that Dominion was not speaking out enough publicly against the false claims, said: “No customer cares about the media. It’s just more words from their perspective.”

The revelations from the documents have reverberated among some conservatives who have long mistrusted Fox News, though conservative media has largely stayed far away from reporting on the specifics of the case. Mr. Trump has taken aim at Mr. Murdoch on multiple occasions in the past week on his social app, Truth Social, labeling him and his supporters “MAGA Hating Globalist RINOs.” (RINO stands for “Republican in name only.”)

In a post on March 2, Mr. Trump said: “Rupert Murdoch should apologize to his viewers and readers for his ridiculous defense of the 2020 Presidential election.” He added, “He should also apologize to those anchors who got it right, and fire the ones who got it wrong, or were afraid to speak up (of which there were many!)”

The sanitizing of the events of Jan. 6 on shows like Mr. Carlson’s for the last two years seems all the more glaring given his words on Jan. 7, 2021. The new documents contain a text message chain that the host had with his producers that morning.

When Mr. Carlson again predicts that Mr. Trump’s clout will fade as he “becomes incalculably less powerful” out of office, one of his producers frets that the last weeks of Mr. Trump’s presidency could bring even more chaos and danger.

“The Trump anger spiral is vicious,” the producer tells his boss.

“That’s for sure,” Mr. Carlson responds.

“Deadly,” the host adds. “We’ve got two weeks left. We can do this.”

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THE BEST BOXING GLOVES MONEY CAN BUY

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If you take up the sport of boxing, you should have high-quality gear. This means owning some excellent gloves. With this in mind and from looking over other articles (not written by professional boxers, mind you), this article is organized as follows: I’ll give my best recommendations for the different situations and scenarios you encounter in a boxing gym. My suggestions are broken down by glove style, purpose or glove, and price.

Anyone in the boxing gym needs a high-quality pair of boxing gloves. Or, at the very least, you have to ensure that you have the best gloves they can afford. It doesn’t matter whether you’re:

  • An amateur boxer
  • A professional boxer
  • Using boxing workouts at home or in the gym to get in shape
  • Just trying out sweet science as a hobby
  • This list is for you. More importantly, this list is timeless.

Your boxing gloves should fit you perfectly and be cozy. When wearing gloves, your fingertips should be able to brush the top of the glove. They shouldn’t do so snugly that a fist is challenging to form.

You can punch more confidently if you feel nice and at ease after wearing gloves.

The question now emerges: Why do you need boxing gloves?

A thicker glove will protect your hand better and slow your punching motion. To protect yourself and your sparring partner, use gloves with greater cushioning.

If you’re exercising with big bags, you’ll need thickly padded gloves, which provide excellent hand and knuckle protection and wrist support. Fighting or competition gloves have less padding than other types of gloves.

Signs That Your Boxing Gloves Fit Wrong

  • The first time you wear them, they feel tight. Boxing might cause your hands to swell a little. Sweating and exertion are natural causes of that. It’s possible that your boxing gloves will become too constricting during training if they already feel snug when you first put them on.
  • You experience tingling or numbness in your hands while boxing.Hands and wrists can be impeded by too tight boxing gloves. The wrong gloves might be causing you tingling or numbness when you wrap your hands during training.
  • If your boxing gloves fall off when you train, they may slide off.A wrist closure problem is one that can result in problems with your boxing gloves slipping while you train – or you might be at risk of the gloves falling off entirely – if you notice the gloves shifting too much.
  • You feel cramped in your fingers. There is too much space between themIf your fingers feel crushed against the top of your boxing gloves, they’re not the right fit. But if you can’t reach the top of your boxing gloves with your fingers, they’re not suitable for you.
  • You’re thinking about how your boxing gloves fit when you trainBoxing gloves are designed to support boxers while they train and compete. If you can’t focus on your training because your gloves feel uncomfortable or because they are shifting on your hands and distracting you, then they’re not suitable gloves for you.

This article will show you how to select the correct gloves for sparring, training, or attacking a heavy bag with a heavy bag sparring glove. This way, you can avoid buying a cheap boxing glove even if you do not like my recommendations. I would love for you to purchase through my link here if my recommendations helped you decide.

 

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