Today, your business needs a trusted advisor as you reevaluate IT priorities to drive business continuity in “the new normal.” Dell Technologies has rolled out the Payment Flexibility Program, which includes 0% interest rates and up to a 180-day payment deferral**. We’re also making $9B in financing available this year to help fund your critical technology needs. This is our commitment to help you run your business, take care of your people and access essential technology. Dell Financial Services** (DFS) has been a reliable partner for the last 23 years and will be here to support you, especially during times of uncertainty.We’ve built the Payment Flexibility Program on the strong foundation of DFS and industry-leading Dell Technologies’ end-to-end portfolio.We’ve introduced 0% interest rates for all Dell Technologies server, storage and networking solutions, so you have access to technology with no up-front payment required.We’ll defer your first payment up to 180 days on data center infrastructure and services to help you manage cash flow.We’re offering short term options for remote work and learning with 6 to 12-month terms and refresh options for laptops and desktops.We’ve added a one year term to flexible consumption offerings in the Dell Technologies On Demand program. You can scale usage of Dell Technologies converged, hyperconverged, hybrid cloud, storage and data protection solutions and only pay for what you use. As part of our Dell Technologies on Demand portfolio, Flex on Demand is also available from three- to five-year term options.We’ll continue to partner with VMware to deliver flexible payment solutions supporting your digital transformation.Our commitment extends to our channel and global alliances partners with DFS accessible to thousands of partners. Partners whose customers use DFS can improve their cash flow and liquidity by being paid within days**. Additionally, qualifying partners can get a payment extension of 45 to 90 days with the Dell Technologies Working Capital Solutions Program.For more information, visit Payment Flexibility Program and Dell Financial Services sites for flexible, customizable payment and remote working solutions.——————————————————————————————————————————————–**Payment solutions provided and serviced by Dell Financial Services LLC or its affiliates or designees (“DFS”) for qualified customers. Offers valid through July 31st, 2020, to qualified business end-users in the US (excluding DBC accounts). Offers may not be available or may vary in certain countries. Offers may change without notice, may be subject to minimum transaction size, and are subject to credit approval, product availability, applicable law and documentation provided by and acceptable to DFS. 0% Finance Lease: 24-month or 36-month term. Rate percentage does not include charges other than periodic rent payments. For purchases of qualifying Dell EMC infrastructure solutions (servers and storage).
The US House on Tuesday passed a provision advocated by Rep. Peter Welch that would close the Reverse Morris Trust (RMT) tax loophole and save taxpayers $260 million. The loophole was used by Verizon to avoid federal taxes when it sold its northern New England landline operations to FairPoint Communications in 2008.By a vote of 246 to 178, the House approved the Small Business and Infrastructure Jobs Act (H.R. 4849). The legislation, which invests in local infrastructure projects and small business tax credits, is paid for in part by closing the RMT loophole. It incorporates a bill introduced by Welch and 21 other members of Congress this January (H.R. 4486), which focused on closing the RMT loophole.“This loophole is bad for taxpayers, bad for consumers and bad for workers. By closing it and investing the savings in job creation, hardworking Americans – not corporations – will benefit,” Welch said.Under the Reverse Morris Trust, a parent company can spin-off a subsidiary that merges into an unrelated company tax-free, so long as the shareholders of the parent company control more than 50 percent of the voting rights and economic value of the resulting merged company. In northern New England, Verizon reportedly avoided hundreds of millions in taxes when it spun-off its landline operations to FairPoint, leaving the latter with overwhelming debt.Currently, parent companies must pay taxes on gains from their subsidiaries if they receive cash payments, but not if they receive payments in the form of debt securities. H.R. 4849 changes the tax code so that debt securities paid to a parent company are taxed the same way as cash payments, removing the incentive to leave a subsidiary saddled with debt.In addition to closing the RMT loophole, H.R. 4849 would:· Extend the Build America Bonds program to make it cheaper for state and local governments to finance the rebuilding of schools, sewers, hospitals and transit projects.· Exclude small businesses from capital gains· Increase the tax deduction for start-up expenditures to encourage the formation of new small businesses.Source: Welch’s office. 3.24.2010.# # #