Dear Editor, The Vermont Legislature is currently considering whether or not to tax the forgiven loan I received under the Paycheck Protection Program (PPP) that offered my business, Sugarsnap Catering, the relief that kept us afloat over the last year. […]
Tag: PPP
Do not tax PPP loans
Dear Editor, Editor’s note: The following is an open letter to the Vermont Legislature from 30 business associations in response to PPP taxability. We, the undersigned organizations, representing cumulatively more than 9,500 employers with more than 200,000 employees implore you […]
Vermont businesses slam plan to tax federal Covid loans
By Xander Landen and Kit Norton/VTDigger When Congress established the Paycheck Protection Program (PPP) last year, the aim was to provide tax-free, forgivable loans to businesses to help them make payroll and stay afloat during the coronavirus pandemic. But now, the Vermont Legislature […]
I’ll have an order of purchasing power parity, please!
Purchasing power parity, or PPP, is a simple idea with a tongue twister of a name. When two countries have PPP, a basket of goods costs the same amount in both countries after the exchange rate has been factored in. […]