In the context of the debate in the EU over digital taxation there has been little attention paid to the economic impact that digital firms have on the European economy and the incentives they face relative to the politics of the proposals. Over the last several decades companies in heavily digitalized sectors have experienced incredible
Month: October 2018
Today’s map is the final in our series examining each of the five major components of the 2019 State Business Tax Climate Index. Compared to individual, corporate, sales, and property taxes, unemployment insurance (UI) taxes are less widely understood but have important implications for the business climate in a state. A state’s performance on the
Private sector employment increased by a robust 227,000 jobs in October, according to payroll giant ADP, but small businesses are having a difficult time finding qualified employees to fill the open slots. Small businesses nevertheless added 29,000 jobs in October, including 7,000 in businesses with between one and 19 employees, and 22,000 in businesses with
Key Findings The tax code contains several provisions which vary based on family composition and are designed for purposes such as offsetting the costs of having children or encouraging lower-income individuals to join the labor force. Currently, family status affects at least six tax provisions: the child tax credit, the child and dependent care tax
The recent sell-off period has been a “normal development in markets,” and investors should step in to buy, strategist Scott Clemons told CNBC on Wednesday. The markets have seen a 15th correction since the bull run kicked off in 2009, and this one isn’t even one of the largest, the chief investment strategist for Brown
Many investors are breathing a sigh of relief following Monday’s market rout and subsequent rally. That doesn’t mean you should get too comfortable just yet. Even as the Dow Jones Industrial Average has gained more than 800 points in the past two days, it is still down 4.5 percent for October. That makes it the
Kitty Bassett, a 1950 graduate of Wellesley College, opens her refrigerator door as one of her cats, Rascal, positions herself for a handout at Bassett’s Arundel, Maine, home (AP Photo/Stephan Savoia) On Tuesday, voters in Maine will decide whether to create the nation’s first universal public home care benefit for older adults and younger people
President Trump’s Economic ScorecardForbes: Nick DeSantis The U.S. Treasury Department publishes a 36 page monthly statement that has all sorts of information about where the Federal government receives its “income” and how it is spent. In the most recent report ending in September 2018 for the full fiscal year 2018 it shows that the federal
Election day tax choices; 199A decisions; data mining; and other highlights from our favorite tax bloggers. All in the game Wolters Kluwer (http://news.cchgroup.com/): Seems rigged: A closed circuit horse racing simulcasting system was subject to Pennsylvania sales and use tax but royalties paid for intellectual property used in operating video poker machines in a casino
Key Findings The United States levies several excise taxes, which are taxes on specific goods or activities rather than a general tax base like income. Alcohol excise taxes fall under this category and are levied on manufacturers and importers of the three main alcohol commodities: beer, wine, and spirits. While excise taxes do have a
In this strange moment for stocks, investors should hope to see bad news about the economy, CNBC’s Jim Cramer said Tuesday after the major averages traded sharply higher following weaker-than-expected economic data. “Bizarrely enough, the best thing for this market would be getting some disappointing news from the non-farm payroll report on Friday,” Cramer said.
What kind of man enjoys raising interest rates? Is Federal Reserve Bank Chairman Jerome Powell crazy? Or is something else going on? Pressure from presidents on central bankers is nothing new, yet President Trump has taken Fed-bashing to a new level, some observers say. While the prospect of rising interest rates has clearly rattled the
Credit: Getty Royalty Free The market has lost its mind. Daily market swings have gotten a little out of hand lately, much like a see-saw being used by sugar-overloaded children, each trying to send each other flying off. Yesterday’s 918.35 intraday point swing in the Dow was the ninth largest in history. The rally killer was news
Extrovert in financial planning and investment decision makingandthenwesaved.com Because of their acquisitive nature, it can be more difficult for extroverts to conquer their desire for prompt gratification. Extroverted investors are engaging because they stand out from the crowd. Five Traits of Extroverted People that Influence Financial Planning and Investment Decisions Talkative The talkative nature of extroverts
The Tax Cuts and Jobs Act (TCJA) placed a $10,000 cap on state and local tax (SALT) deductions, generating anxiety among taxpayers in high-tax states who fear the deduction cap will increase their federal income tax liability. In reality, TCJA reforms might increase the number of taxpayers who will benefit from SALT by increasing the
An interview with Billionaire and Co-Founder of hedge fund and venture capital fund Coatue Management, Philippe Laffont. In this interview, Philippe discusses his career and starting his hedge fund. Philippe also talks about investing in tech stocks and gives advice on how to get a job at a hedge fund. Like if you enjoyed Subscribe
Commonly seen as a tech-friendly hub, the U.K. is now targeting the likes of Alphabet Inc. and Facebook Inc. by introducing a digital services tax, joining the growing chorus against cash-rich tech giants. U.K. Chancellor of the Exchequer Philip Hammond unveiled the measure in his Autumn Budget in London. Aiming to raise 400 million pounds
Across the country, state policymakers took strides to improve tax codes. In recognition of these efforts, the Tax Foundation honors state legislators, governors, and other individuals with our Outstanding Achievement in State Tax Reform award. As the name suggests, the honoree’s accomplishments must (1) be outstanding, (2) represent an achievement (not merely a proposal), and
It’s looking dim for shares of GE. The former industrial giant hit its lowest level in a nearly decade on Tuesday – briefly breaking below $10 – after the company cut its dividend to just one cent per share. Here’s how four market experts are trading the move: · Jack DeGan of Habor Advisory says
A strategy that aims to generate steady income in retirement is looking less certain as General Electric announced it would cut its quarterly dividend in 2019. The company announced it would trim the dividend to a penny per share starting next year, marking the second cut to its dividends in a year. Dividends traditionally are
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