Deferrals

Congress should narrow a loophole that could spare Shohei Ohtani from paying tens of millions in California taxes, the state controller said Monday.The Dodgers last month signed Ohtani to a 10-year, $700-million contract, with Ohtani deferring $680 million until after the contract expires in 2033.By that time, Ohtani could have returned to Japan or moved elsewhere outside California, where he might not be liable for state taxes on the deferrals. That could cost the state an estimated $98 million in tax revenue, according…

Cisco on Tuesday launched a $2.5 billion (roughly Rs. 19,040 crores) financing program that lets its customers defer 95 percent of payments until 2021, giving companies additional leeway at time when some are facing a cash crunch but also need more remote-work tools.As the coronavirus forces many businesses to operate entirely online, many of them have adopted or boosted usage of video conferencing and virtual private network software, including Cisco's Webex and AnyConnect. The surge in internet activity has also…