Month: February 2019

More than 140 countries worldwide – including all European countries – levy a Value-Added Tax (VAT) on purchases for consumption. As today’s tax map shows, although harmonized to some extent by the European Union (EU), Europe’s VAT rates vary moderately across countries. The VAT is a consumption tax assessed on the value added to goods
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Activist investor Starboard Value said Thursday that it intends to use its stake in Bristol-Myers Squibb to oppose the drug-maker’s acquisition of Celgene. “Bristol-Myers is deeply undervalued and the recent announcement of the Company’s proposed acquisition of Celgene Corporation is poorly conceived and ill-advised,” Starboard CEO Jeffrey Smith wrote in a letter to Bristol-Myers shareholders.
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Bezos allegations of blackmail against AMI, the parent company of the Enquirer are splashed across the news.  As a veteran of 28 public boards and many more private companies I’ve seen my share of drama and this situation makes me wonder, what are these two boards doing about it? Had Jeff Bezos decided to keep
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Michael Cohen unfurled a series of damaging accusations against his former boss Donald Trump in a day of testimony before Congress, including assertions that may pose additional legal peril for the president. Trump’s former lawyer and fixer offered potentially damaging specifics on at least three possible misdeeds, starting with his assertion that Trump inflated the
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Key Findings Forty-four states levy a corporate income tax. Rates range from 2.5 percent in North Carolina to 12 percent in Iowa. Six states—Alaska, Illinois, Iowa, Minnesota, New Jersey, and Pennsylvania—levy top marginal corporate income tax rates of 9 percent or higher. Eight states—Arizona, Colorado, Kentucky, Mississippi, North Carolina, North Dakota, South Carolina, and Utah—have
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President Donald Trump’s financial statements are here — and they likely only tell part of the story on his wealth. Michael Cohen, the president’s former personal attorney, testified before the House Oversight Committee on Wednesday, and provided the committee with a number of documents, among which he said were copies of Trump’s financial statements for
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Using LinkedIn right; this year’s sales-tax holidays; alternative methods of apportionment; and other highlights from our favorite tax bloggers. Get appy Wolters Kluwer (http://news.cchgroup.com/): What are your biggest tax season challenges? How many of these tax season challenges are you facing? You’d think it’s the day-to-day potholes that get filled while the long-term craters go
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Key Findings Personal saving and investment are necessary for long-term economic growth. Though the tax code provides several types of accounts that receive proper tax treatment for narrow saving purposes, their elaborate rules and restrictions complicate and discourage saving. The creation of universal savings accounts (USAs) would help people to save. USAs are all-purpose accounts
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Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses the ability to file a restricted application, the availability of spousal benefits, school and disability benefits, whether there are potential problems with filing for spousal benefits and filing for
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As tax automation provider Avalara ramps up for a new tax landscape, the company has added several key executives from the likes of PayPal and Goldman Sachs. Amit Mathradas, formerly general manager and head of North American Small Business at digital payments company PayPal, will serve as president and chief operating officer. Sanjay Parthasarathy will
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