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The company continued to struggle through the retail apocalypse, and in late summer of 2022, Bed Bath & Beyond announced plans to close 150 stores, lay off 20% of its corporate and supply chain staff, and eliminate the role of COO and CSO within the company. Liquidity was raised to about $1B after a loan and additional financing were secured.
President Ronald Reagan's 1981 cut in the top rate on unearned income reduced the maximum capital gains rate to only 20% – its lowest level since the Hoover administration, as part of an overall economic growth strategy. The capital gains tax rate was also reduced by President Bill Clinton in 1997, from 28% to 20%.
The 32-bit/64-bit era is most noted for the rise of fully 3D polygon games. While there were games prior that had used three-dimensional polygon environments, such as Virtua Racing and Virtua Fighter in the arcades and Star Fox on the Super NES, it was in this era that many game designers began to move traditionally 2D and pseudo-3D genres into 3D on video game consoles.
In October 1984, Akron negotiated with Circuit City to sell the leases for up to 17 of its 20 stores. In February 1985, Akron told its employees, many of whom had been with the company for more than 20 years, to take a 50% cut and give up most of their fringe benefits in an attempt to keep the company operating.
The 25% WDA was reduced to 20% from April 2008. This means that if a plant asset, say, was bought for £400 in year 1, 20% of £400 (i.e. £80) would be deductible from taxable profits as tax depreciation in year 1. Then 20% of £(400-80) (i.e. £64) would be deductible in year 2, and so on.
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