On a
recent episode of Political Economy, I spoke with economist R. Glenn Hubbard about
the pandemic’s current and future impact on the US economy, the Trump tax cuts,
and various looming issues such as the deficit that future policymakers...
The Irish tax ruling in July went in Apple’s favor, with the court finding that the European Union had failed to prove that the tax deal Ireland offered to Apple was illegal, and therefore the company did not owe €13B ($15B) in back...
Related topics: Ireland
California Burnin' - A Warning Against One-Party Rule
Tyler Durden
Sun, 09/20/2020 - 20:00
Authored by Niall Ferguson, op-ed via Bloomberg.com,
Fires, blackouts, high taxes, poverty, scarce housing, urban squalor, lousy...
Related topics: Bloomberg
Attempting to defuse accusations of hypocrisy over the rush to replace Supreme Court Ruth Bader Ginsburg, Vice President Mike Pence’s chief of staff complained that former Vice President Joe Biden has yet to release nominees he would consider...
Related topics: White House, CNN, Joe Biden
You may not pay much attention to taxes within your brokerage account, as these costs are often hidden -- rarely does a broker have any line item for accrued tax or projected tax due. This makes it all the more important to know the major tax...
Related topics: Dividend
No matter how much money you make, your goal should be to pay the IRS as little tax as possible. And the smarter you are about taking advantage of tax breaks, the greater your chances of that happening. Here are a few key moves to make in the coming...
Related topics: IRS
In 2035, Social Security's trust fund is scheduled to run dry, necessitating a 24% automatic cut to benefits as payroll tax revenue will be enough to pay only 76% of the promised amount. For a typical retired worker who would likely be slated to...
Related topics: Social Security
The National Republican Congressional Committee replaced lyrics about a cross-dressing lumberjack with something lame about taxes — without permission.
Related topics: Monty Python
You won't see anyone on Fox reporting on the fact that the Social Security trust fund could be depleted by 2023 if Trump has his way and eliminates the payroll tax—or that businesses weren't too hip on his plan and aren't going along with the...
Related topics: Social Security
No one knows the outcome of the presidential race or how Congress could adjust the tax code next year. But there are changes taxpayers can make now, financial advisers say.
Related topics: United States Presidential Election
Journalists at Canal 12 News, one of Nicaragua’s two remaining independent news broadcasters, face an uncertain future after a court in the capital, Managua, ordered the station’s assets seized as part of a tax case that one of its editors says...
Related topics: Nicaragua
Data from UK tax records with new information on migrant status to show that that migrants are highly represented at the top of the UK’s income distribution.
Related topics: Immigration, United Kingdom
(Steven Hayward) As we never tire of saying, if liberals didn’t have double standards, they wouldn’t have any standards at all. And the best exhibit of this right now is that if Biden and the Democrats sweep the election, one of the...
Related topics: Joe Biden
Millions of Americans have lost their jobs in the course of the COVID-19 outbreak, and even those who are working may be grappling with financial concerns. If you're finding yourself needing money but don't have much in the bank, you might assume...
Related topics: Banking
A charm offensive, or just plain offensive? Amazon tried to head off negative column inches about its tax-efficient operations in Britain by cherry-picking journalists to brief on its latest financial results days before they hit Companies House.…
Related topics: Amazon, Amazon (AMZN), United Kingdom
Death, Taxes, & COVID-19: Things That Cannot Be Avoided
Tyler Durden
Fri, 09/18/2020 - 05:00
Submitted by Louis-Vincent Gave of GaveKal
In March, when Covid-19 began to rear its ugly head across the western world, national...
New Jersey Gov. Phil Murphy in 2019.
Lucas Jackson / Reuters
Under a new proposal by state legislators in New Jersey, the tax rate on income over $1 million would increase from 8.97% to 10.75%.
Republican leaders across New Jersey came out in...
Related topics: Reuters
Floats industry plan that requires ramp-up of locally made components and complete tech transfer Pakistan has proposed that foreign smartphone-makers entering the country will have to help it build a domestic smartphone industry.…
Related topics: Pakistan
The New York Attorney General is investigating whether the Trump Organization lied about the value of its assets in order to get loans or tax benefits.
Facebook Censors Ad On Biden Raising Taxes Despite Fact-Checker Contradicting Its Own "Mostly False" Rating
Tyler Durden
Thu, 09/17/2020 - 17:40
Facebook has censored a pro-Trump ad despite fact-checker PolitiFact...
Related topics: Facebook, Social Media, Joe Biden, Censorship