83_FR_2698 83 FR 2686 - Income Tax Review

83 FR 2686 - Income Tax Review

POSTAL REGULATORY COMMISSION

Federal Register Volume 83, Issue 12 (January 18, 2018)

Page Range2686-2686
FR Document2018-00782

The Commission is noticing a recent Postal Service filing concerning the calculation of the assumed Federal income tax on competitive products income for Fiscal Year 2017. This notice informs the public of the filing, invites public comment, and takes other administrative steps.

Federal Register, Volume 83 Issue 12 (Thursday, January 18, 2018)
[Federal Register Volume 83, Number 12 (Thursday, January 18, 2018)]
[Notices]
[Page 2686]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-00782]


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POSTAL REGULATORY COMMISSION

[Docket No. T2018-1; Order No. 4368]


Income Tax Review

AGENCY: Postal Regulatory Commission.

ACTION: Notice.

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SUMMARY: The Commission is noticing a recent Postal Service filing 
concerning the calculation of the assumed Federal income tax on 
competitive products income for Fiscal Year 2017. This notice informs 
the public of the filing, invites public comment, and takes other 
administrative steps.

DATES: Comments are due: February 2, 2018.

ADDRESSES: Submit comments electronically via the Commission's Filing 
Online system at http://www.prc.gov. Those who cannot submit comments 
electronically should contact the person identified in the FOR FURTHER 
INFORMATION CONTACT section by telephone for advice on filing 
alternatives.

FOR FURTHER INFORMATION CONTACT: David A. Trissell, General Counsel, at 
202-789-6820.

SUPPLEMENTARY INFORMATION: 

Table of Contents

I. Introduction
II. Notice of Commission Action
III. Ordering Paragraphs

I. Introduction

    In accordance with 39 U.S.C. 3634 and 39 CFR 3060.40 et seq., the 
Postal Service filed its calculation of the assumed Federal income tax 
on competitive products income for fiscal year (FY) 2017.\1\ The 
calculation details the FY 2017 competitive product revenue and 
expenses, the net competitive products income before tax, and the 
assumed Federal income tax on that income.
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    \1\ See Notice of the United States Postal Service of Submission 
of the Calculation of the FY 2017 Assumed Federal Income Tax on 
Competitive Products, January 10, 2018.
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II. Notice of Commission Action

    In accordance with 39 CFR 3060.42, the Commission establishes 
Docket No. T2018-1 to review the calculation of the assumed Federal 
income tax and supporting documentation.
    The Commission invites comments on whether the Postal Service's 
filing in this docket is consistent with the policies of 39 U.S.C. 3634 
and 39 CFR 3060.40 et seq. Comments are due no later than February 2, 
2018. The Postal Service's filing can be accessed via the Commission's 
website (http://www.prc.gov).
    The Commission appoints Jennaca D. Upperman to serve as Public 
Representative in this docket.

III. Ordering Paragraphs

    It is ordered:
    1. The Commission establishes Docket No. T2018-1 to consider the 
calculation of the assumed Federal income tax on competitive products 
for FY 2017.
    2. Pursuant to 39 U.S.C. 505, Jennaca D. Upperman is appointed to 
serve as an officer of the Commission to represent the interests of the 
general public in this proceeding (Public Representative).
    3. Comments are due no later than February 2, 2018.
    4. The Secretary shall arrange for publication of this order in the 
Federal Register.

    By the Commission.
Stacy L. Ruble,
Secretary.
[FR Doc. 2018-00782 Filed 1-17-18; 8:45 am]
 BILLING CODE 7710-FW-P



                                                2686                         Federal Register / Vol. 83, No. 12 / Thursday, January 18, 2018 / Notices

                                                President’s Commission on White House                      The Commission invites comments on                   I. Self-Regulatory Organization’s
                                                Fellowships.                                            whether the Postal Service’s filing in                  Statement of the Terms of the Substance
                                                Elizabeth Pinkerton,                                    this docket is consistent with the                      of the Proposed Rule Change
                                                Director.                                               policies of 39 U.S.C. 3634 and 39 CFR                      The Exchange is filing a proposal to
                                                [FR Doc. 2018–00766 Filed 1–17–18; 8:45 am]             3060.40 et seq. Comments are due no                     amend the MIAX PEARL Fee Schedule
                                                BILLING CODE 6325–44–P                                  later than February 2, 2018. The Postal                 (the ‘‘Fee Schedule’’).
                                                                                                        Service’s filing can be accessed via the                   The text of the proposed rule change
                                                                                                        Commission’s website (http://                           is available on the Exchange’s website at
                                                POSTAL REGULATORY COMMISSION                            www.prc.gov).                                           http://www.miaxoptions.com/rule-
                                                                                                           The Commission appoints Jennaca D.                   filings/pearl at MIAX PEARL’s principal
                                                [Docket No. T2018–1; Order No. 4368]                    Upperman to serve as Public                             office, and at the Commission’s Public
                                                                                                        Representative in this docket.                          Reference Room.
                                                Income Tax Review
                                                                                                        III. Ordering Paragraphs                                II. Self-Regulatory Organization’s
                                                AGENCY: Postal Regulatory Commission.
                                                                                                          It is ordered:                                        Statement of the Purpose of, and
                                                ACTION: Notice.
                                                                                                          1. The Commission establishes Docket                  Statutory Basis for, the Proposed Rule
                                                SUMMARY:   The Commission is noticing a                 No. T2018–1 to consider the calculation                 Change
                                                recent Postal Service filing concerning                 of the assumed Federal income tax on                       In its filing with the Commission, the
                                                the calculation of the assumed Federal                  competitive products for FY 2017.                       Exchange included statements
                                                income tax on competitive products                        2. Pursuant to 39 U.S.C. 505, Jennaca                 concerning the purpose of and basis for
                                                income for Fiscal Year 2017. This notice                D. Upperman is appointed to serve as an                 the proposed rule change and discussed
                                                informs the public of the filing, invites               officer of the Commission to represent                  any comments it received on the
                                                public comment, and takes other                         the interests of the general public in this             proposed rule change. The text of these
                                                administrative steps.                                   proceeding (Public Representative).                     statements may be examined at the
                                                DATES: Comments are due: February 2,                      3. Comments are due no later than                     places specified in Item IV below. The
                                                2018.                                                   February 2, 2018.                                       Exchange has prepared summaries, set
                                                ADDRESSES: Submit comments                                4. The Secretary shall arrange for                    forth in sections A, B, and C below, of
                                                electronically via the Commission’s                     publication of this order in the Federal                the most significant aspects of such
                                                Filing Online system at http://                         Register.                                               statements.
                                                www.prc.gov. Those who cannot submit                      By the Commission.                                    A. Self-Regulatory Organization’s
                                                comments electronically should contact                  Stacy L. Ruble,                                         Statement of the Purpose of, and
                                                the person identified in the FOR FURTHER                Secretary.                                              Statutory Basis for, the Proposed Rule
                                                INFORMATION CONTACT section by
                                                                                                        [FR Doc. 2018–00782 Filed 1–17–18; 8:45 am]             Change
                                                telephone for advice on filing
                                                                                                        BILLING CODE 7710–FW–P
                                                alternatives.                                                                                                   1. Purpose
                                                FOR FURTHER INFORMATION CONTACT:                                                                                   The Exchange proposes to amend the
                                                David A. Trissell, General Counsel, at                                                                          Add/Remove Tiered Rebates/Fees set
                                                202–789–6820.                                           SECURITIES AND EXCHANGE                                 forth in Section (1)(a) of the Fee
                                                SUPPLEMENTARY INFORMATION:                              COMMISSION                                              Schedule to (i) modify the monthly
                                                                                                                                                                volume thresholds that apply to MIAX
                                                Table of Contents                                                                                               PEARL Market Makers 3 in certain tiers,
                                                                                                        [Release No. 34–82490; File No. SR–
                                                I. Introduction                                         PEARL–2017–40]                                          and to establish rebates and fees for new
                                                II. Notice of Commission Action                                                                                 Tier 2 and new Tier 6 applicable to
                                                III. Ordering Paragraphs                                Self-Regulatory Organizations; MIAX                     Market Makers, (ii) modify the monthly
                                                I. Introduction                                         PEARL, LLC; Notice of Filing and                        volume thresholds that apply to MIAX
                                                                                                        Immediate Effectiveness of a Proposed                   PEARL Non-Priority Customers, Firms,
                                                   In accordance with 39 U.S.C. 3634                                                                            Broker-Dealers and Non-MIAX PEARL
                                                                                                        Rule Change To Amend the MIAX
                                                and 39 CFR 3060.40 et seq., the Postal                                                                          Market Makers in Tier 4, and to
                                                                                                        PEARL Fee Schedule
                                                Service filed its calculation of the                                                                            establish rebates and fees for a new Tier
                                                assumed Federal income tax on                           January 11, 2018.                                       5 applicable to such market participants
                                                competitive products income for fiscal                     Pursuant to the provisions of Section                who are not Priority Customers 4 or
                                                year (FY) 2017.1 The calculation details                19(b)(1) of the Securities Exchange Act                 MIAX PEARL Market Makers; and (iii)
                                                the FY 2017 competitive product                         of 1934 (‘‘Act’’) 1 and Rule 19b–4                      offer Members 5 the Maker Rebate and
                                                revenue and expenses, the net                           thereunder,2 notice is hereby given that
                                                competitive products income before tax,                 on December 29, 2017, MIAX PEARL,                          3 ‘‘Market Maker’’ means a Member registered

                                                and the assumed Federal income tax on                   LLC (‘‘MIAX PEARL’’ or ‘‘Exchange’’)                    with the Exchange for the purpose of making
                                                that income.                                                                                                    markets in options contracts traded on the
                                                                                                        filed with the Securities and Exchange                  Exchange. See the Definitions Section of the Fee
                                                II. Notice of Commission Action                         Commission (‘‘Commission’’) a                           Schedule and Exchange Rule 100.
                                                                                                        proposed rule change as described in                       4 ‘‘Priority Customer’’ means a person or entity
                                                   In accordance with 39 CFR 3060.42,                   Items I, II, and III below, which Items                 that (i) is not a broker or dealer in securities, and
                                                the Commission establishes Docket No.                   have been prepared by the Exchange.                     (ii) does not place more than 390 orders in listed
sradovich on DSK3GMQ082PROD with NOTICES




                                                T2018–1 to review the calculation of the                                                                        options per day on average during a calendar month
                                                                                                        The Commission is publishing this                       for its own beneficial accounts(s). See Exchange
                                                assumed Federal income tax and                          notice to solicit comments on the                       Rule 100, including Interpretations and Policies .01.
                                                supporting documentation.                               proposed rule change from interested                       5 ‘‘Member’’ means an individual or organization

                                                                                                        persons.                                                that is registered with the Exchange pursuant to
                                                  1 See Notice of the United States Postal Service                                                              Chapter II of the Exchange Rules for purposes of
                                                of Submission of the Calculation of the FY 2017                                                                 trading on the Exchange as an ‘‘Electronic Exchange
                                                                                                          1 15   U.S.C. 78s(b)(1).
                                                Assumed Federal Income Tax on Competitive                                                                       Member’’ or ‘‘Market Maker.’’ Members are deemed
                                                Products, January 10, 2018.                               2 17   CFR 240.19b–4.                                 ‘‘members’’ under the Exchange Act. See the



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Document Created: 2018-01-18 00:42:31
Document Modified: 2018-01-18 00:42:31
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice.
DatesComments are due: February 2, 2018.
ContactDavid A. Trissell, General Counsel, at 202-789-6820.
FR Citation83 FR 2686 

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