2021 NEW YEAR MESSAGE
Happy New Year Dear Compatriots and friends across the world.
This is the beginning of a new journey, a new chapter, a fresh opportunity to start and recover from the losses of 2020.

1) Let's talk about a key part of the Chinese creator economy. The creator management and incubator agencies known as Multi-Channel Networks (MCN). We''ll summerise key lessons for the western creator economy.

And know how Li Ziqi got her 12m YouTube subscribers

2) MCNs are modern-day talent agencies (but more) who target influencers and creators as their clients. It originated in the US but has proliferated in China, with industry estimates of 5k-7k Chinese MCN operating as of 2020.

3) Typically, as creators gain enough following, they find it difficult to be an-all-in-one content creator, editor, customer support rep, accountant, lawyer, and marketing guru that the job demands.

Enter the MCNs who offers the creator the following:

4) Audience and traffic growth, PR management, monetisation through ads & e-commerce and support with retail fulfillment.

Their services are more holistic than western MCNs, who's offerings are more domain-specific.

5) Agreements between Chinese MCNs and creators can get into guarantees of the number of followers provided, copyrights, subtitling and distribution help, as well as providing analytical feedback on their content.

Thread – Why the Latest Pelosi-backed $2T Stimulus Bill Went Nowhere

1. The Dementiacrats have been holding more virus relief hostage in order to force Republicans to cave and vote for another $2T Dementiacrat porkulus bill instead.

2. Senate Dementiacrats have voted against the Republican’s $500B relief bill targeted at REAL PEOPLE (small business and the jobless) multiple times.

3. A $2T virus relief bill was ramrodded through by House Democrats in March through July when it was signed into law by the President. It contained junk that had nothing to do with virus relief but was the price that Republicans had to pay to get relief to suffering Americans.

4. Dementiacrat bill that San Fran Nan wants to push down our throats now contains $2T more of this crap, as well as relief directly targeted at Blue states to cover pension shortfalls and other past Dementiacrat mismanagement.

5. It’s no wonder why Republicans are telling her to “piss off” on the latest $2T porkulus bill.

1. Been excited about @JoeNBC's sustained convo today about @KBAndersen's new book Evil Geniuses: The Unmaking of America which explains how the Republican Party radicalized OVER ECONOMICS over the past 30 years. It was launched w the radical tax cuts in Reagan's presidency, but

2. as the GOP evolved through the 90s & 2000s they became dogmatic about their economic philosophy- until it became a radical litmus test/position the party followed even when conditions screamed for different policy. It was a MIRACLE the party acted to stabilize the economy at

3. at the end of 2008 when it was crashing down around us (though they just barely did & some didn't and that's bc it was before the Great Purges of 2010,2012, & 2014). America doesn't know the hit job the GOP did on the American economy as they dogmatically pursued tax cuts to

4. the exclusion of everything else while denying any policy that could grow wages or improve the economic lives of the bottom 80% aside from the 2 or 3 times Ds managed to squeeze through policy while in charge (minimum wage increase in 2007-which was the 1st time in a decade

5. and now, of course, its been another decade. It's actually a miracle wages (all wages bc when the min wage is artificially low it affects all the wages above it, that's how you end up w $10 per hr EMTs & teachers) aren't even more out of wack w inflation. As @JoeNBC points out

Key Highlights from the Union Budget 2021, as presented by the Hon’ble Finance Minister.

Direct Taxes -
• Vivad Se Viswas Scheme Last Date of filing extended to 28th February 2021.
• Citizens of age 75 years and above who have only Pension and Interest income – Need not file👇

Income Tax Returns
• Re-opening of Assessment to reduced to 3 years from 6 years. Only where evidence of concealment of income of Rs. 50 lakhs or more – re-opening can be made up to 10 years & only with the approval of Pr.CCIT.
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• Reducing Litigation for small taxpayers – Constitution of Faceless Dispute Resolution Panel for people with Total Income up to Rs.50 lakh and disputed income of Rs.10 lakh
• Income Tax Appellate Tribunal to become Faceless – Only electronic communication will be done
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• Relaxation to NRIs – Rules to remove hardship of Double Taxation
• Tax Audit Limit to be increased to Rs.10 crores from Rs.5 crores for those having less than 5% cash transactions
• Dividend Tax- Dividend will be exempt from TDS. Advance tax liability on dividend income
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will arise only after the declaration or payment of the dividend. For Foreign Investors – a lower treaty rate benefit will be given.
• Affordable Housing – Additional Interest deduction (Sec 80EEA) of Rs.1.5 lakhs to be extended for loans taken till 31st March 2022.
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