Off the radar: U.S. CEOs' jet perks add millions to corporate tax bills

Reuters | December 02, 2019

As U.S. corporate jet use approaches pre-financial crisis levels and chief executives take an increasing number of personal trips on the company tab, many investors are being kept in the dark about the true cost of the perk. For the S&P 500 companies that pay for their CEOs to use corporate jets for private trips, the estimated median value of that flying climbed 11 percent last year to $107,286 from $96,532 in 2017, according to the latest available figures from compensation research firm Equilar Inc. That is up 27 percent from $84,636 in 2007, the year before the financial crisis. This is taxable income for executives. The estimates are often based on what a first-class seat would have cost on a commercial flight rather than on the true, much higher cost of using a corporate jet.

Spotlight

As we've covered once before, Kamala Harris has somewhat of a Trump fixation in her 2020 Democratic campaign. Last night's third televised debate proved no exception for the Senator, either. As analysis by FiveThirtyEight shows, Harris mentioned the president 11 times during her 14 minutes of speaking time - more than any other candidate, with Julián Castro mentioning Trump by name the second most-often with seven times.

Spotlight

As we've covered once before, Kamala Harris has somewhat of a Trump fixation in her 2020 Democratic campaign. Last night's third televised debate proved no exception for the Senator, either. As analysis by FiveThirtyEight shows, Harris mentioned the president 11 times during her 14 minutes of speaking time - more than any other candidate, with Julián Castro mentioning Trump by name the second most-often with seven times.

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Canadian Federal Government Awarded Google Cloud For Framework Agreement to Secure Cloud Services

Google | October 23, 2020

Google Cloud announced today that it has secured a Framework Agreement for Secure Cloud from the Canadian federal government. This agreement now enables Google Cloud to directly sell innovative cloud platform and collaboration technologies to federal agencies, helping them digitally transform and better serve their communities and constituents. To secure this framework, Google Cloud was assessed by the Canadian federal government against all relevant security, privacy, and usability standards. While Google Cloud already works with several Canadian federal government agencies, the new agreement will permit Google Cloud to better support a wide range of federal departments, agencies, and crown corporations.

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Carahsoft Named Dell 2022 Federal Partner of the Year

Carahsoft | June 13, 2022

Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, announced that it has been named the 2022 Federal Partner of the Year for “Excellence in Engagement” by Dell Technologies. This award was presented to Carahsoft at Dell Technologies World recognizing Carahsoft’s dedicated sales, integrated marketing, and overall quest to best serve customers alongside Dell. We are honored to be recognized as Dell’s Federal Partner of the Year. With the support of our reseller partners, our dedicated Dell team is committed to driving value through customer and reseller education, implementing strategic marketing campaigns, and coming up with new ways to interest our customers in the power of Dell. We look forward to continuing this momentum and building upon this successful partnership.” Maryam Emdadi, Vice President, Carahsoft Carahsoft became an authorized distributor for Dell in 2017 after many successful years working with the company. Carahsoft works closely with Dell Technologies to develop and implement marketing initiatives, such as the Dell Partner Webinar Series, which trains and empowers hundreds of customers and partners on the capabilities of Dell’s industry-leading technology. Over the past five years, Carahsoft has grown to become Dell’s largest Federal Distributor. Carahsoft and our reseller partners remain committed to furthering Dell’s business momentum and driving value for customers. About Carahsoft Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider®, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator® for our vendor partners, we deliver solutions for Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles.

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SVI is the Sole-Source Provider of FRBS Technology to the U.S. Army

StereoVision Imaging, Inc. | November 18, 2020

StereoVision Imaging, Inc. (SVI), an arising world pioneer in 2D and 3D/4DLiDAR based facial/object acknowledgment and distant detecting innovation, has made sure about a follow-on buy request from the U.S. government for extra units of its future, convenient Facial Recognition Binocular System (FRBS). The new request brings the all out estimation of units bought to more than $4.5 million. The serious binocular framework empowers U.S. furthermore, alliance war contenders to incorporate stalemate observation tasks with continuous significant insight. It bolsters the distinguishing proof of non-agreeable people of-interest under testing uncontrolled natural conditions with significant levels of exactness, and permits ideal information examination and information to-choice for order initiative. SVI is the sole-source provider of FRBS technology to the U.S. Army under a U.S. Central Command (CENTCOM) Joint Urgent Operational Need (JUON) statement. SVI expects to ship the units in the first quarter of 2021. The SVI FRBS stage incorporates SVI's industry-driving facial acknowledgment innovation in a portable binocular arrangement. The framework's top quality optics powered by its restrictive facial logical and profound learning face coordinating calculations give quick 'point-and-snap' subject ID at the necessary stalemate separations. Through true operational testing, FRBS has been intended to help United Combatant Command (COCOM) missions that include observation, surveillance, misuse, character and data tasks, counterterrorism and against revolt. The new units are bound for sending across U.S. Focal and European Command theaters. “With this next shipment, we believe we have entered an important next phase with the design and initial deployments of our FRBS,” stated SVI founder and president Gregory Steinthal. “We anticipate the program will soon advance to full production and look for it to transition into formal program of record. We are uniquely positioned as the sole-source provider of this advanced technology to the U.S. military, which affirms the tremendous unmatched capabilities it provides.” SVI sees opportunities for deployment of FRBS to other government agencies, such as federal law enforcement, airport security, border patrol and entry control points. About StereoVision Imaging, Inc. StereoVision Imaging (SVI) is an emerging global leader in biometric/object recognition and remote sensing technology, enabling governments and commercial organizations to perform identity and object recognition with the highest-level of speed and accuracy. Beyond FRBS, the company’s patented Dual Chirp 4D LiDAR (light detection and ranging) technology provides the most accurate 4D biometric security system in the world at the longest ranges. Its products are currently used by the U.S. military as well as other government agencies and organizations. SVI is focused on enhancing national security and public safety by solving the world’s most difficult identity validation and analysis challenges.

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