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Weekly 5: Treasury IDs Obama-era tax rules to reform

By Brianna Liestman

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every week on BoatingIndustry.com.

1. Treasury IDs Obama-era tax rules to reform

The Treasury Department on Friday identified eight tax regulations that it plans to suggest changes to, following a review that was directed by President Trump, according to The Hill.

Among the rules the Treasury plans to propose reforms to are regulations the Obama administration issued relating to offshore tax deals and the estate tax, which have been opposed by GOP lawmakers and business groups.

2. Nominations Open for Florida’s Manufacturer of the Year Award

The National Marine Manufacturers Association announced that 2017 nominations are open for exceptional manufacturing and distributor companies in Florida. The annual Manufacturers and Distributors of the Year from The Manufacturers Association of Florida competition is seeking nominations now through July 31, 2017.

Any person, business, or organization may submit a nomination and self-nominations are encouraged. More details can be found online at www.MAFMFG.com.   

3. Wright County to require boat inspections to fight invasive species

Wright County is getting tough on threats to its lakes from aquatic invasive species, becoming the first county in Minnesota to require inspections of boats and trailers before they enter the water, as reported by St. Cloud Times.

While the mandate will apply to only four lakes, the pilot program is being watched nationwide, said Jeff Forester, executive director of Minnesota Lakes and Rivers Advocates.

4. New Managers Should Focus on Helping Their Teams, Not Pleasing Their Bosses

In a column for Harvard Business Review, Karen Dillon highlights the hard lesson she learned as a new manager – to focus on helping her teams, not pleasing her superiors.

“The irony for most newly appointed managers is that the skills and qualities that earned them the promotion are very different from those that will serve them well as a leader, and they’re often left to figure it out on their own, like I was — and not always successfully.”

5. When Will Electric Cars Go Mainstream? It May Be Sooner Than You Think

The New York Times reported that electric cars are currently reaching prices that will make them more mainstream sooner than businesses realize.

“A new report from Bloomberg New Energy Finance, a research group, suggests that the price of plug-in cars is falling much faster than expected, spurred by cheaper batteries and aggressive policies promoting zero-emission vehicles in China and Europe.”

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