Royal Ascot is the crown jewel in the British racing crown, with five days of racing set against the type of glitz, glamour and royal patronage that other meetings can only dream of.
The U.S. Treasury and Internal Revenue Service said on Monday they will close a tax loophole exploited by large, complex partnerships, an action that they estimated could raise $50 billion in new revenue over 10 years. The Treasury said the IRS would no longer allow partnerships to shift tax liabilities to related parties or different legal entities in order to maximize tax deductions and minimize liability.
Bramble Park shooting: 5 shot during event at Cincinnati park