In this photo illustration, an ‘Impossible Whopper’ sits on a table at a Burger King restaurant on April 1, 2019 in Richmond Heights, Missouri. Burger King announced on Monday that it is testing out Impossible Whoppers, made with plant-based patties from Impossible Foods, in 59 locations in and around St. Louis area. Michael Thomas |
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Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images The City of Boston is ending its relationship with Fisher Investments, pulling $248 million in pension assets from the firm. Mayor Martin Walsh announced on
This presentation was made to the Massachusetts Senate Corporate Tax Subcommittee, an initiative of the broader Senate Revenue Working Group. The working group is taking a holistic look at Massachusetts’ tax code with a goal of making legislative recommendations for reform by the end of this session, which runs until January 5, 2021. Sen. Adam
Over the last few months, several lawmakers have called for a federal tax on e-cigarettes amidst reports of increased youth use. Sen. Ron Wyden (D-OR) proposes a bill to introduce an e-cigarette excise tax at the level applied to cigarettes, which is $1.01 per pack. A second Senate bill, sponsored by Sen. Mitt Romney (R-UT)
I see from the National Review that Beto O’Rourke’s remarks about revoking tax-exempt status of religious institutions such as colleges, churches, etc. for opposing same-sex marriage is still a thing. I’m not going to try to review the response to this remark, which has been epic. My purpose is to get some expert comment into
In addition to the federal estate tax of 40 percent, some states levy an additional estate or inheritance tax. Twelve states and the District of Columbia impose estate taxes and six impose inheritance taxes. Maryland is the only state to impose both. Washington State’s 20 percent rate is the highest estate tax rate in the
While many countries view taxation of digital service providers as an untapped revenue resource, there are several approaches to implementing such a tax. The Organization for Economic Cooperation and Development has been working at building a consensus framework for a global approach. However, several countries, including the U.K. and France, have gone ahead and enacted
Virgin Galactic founder Richard Branson wearing the spacesuit Under Armour made for the space tourism venture’s astronauts. Virgin Galactic NEW YORK – Astronauts, meet athleisure. Under Armour on Wednesday unveiled the spacesuits it is making for people to wear on flights to the edge of space with Richard Branson’s Virgin Galactic. The two companies are
Peter Dazeley | Photographer’s Choice | Getty Images Here’s an awkward question for your spouse: Would you be willing to get divorced to save a few dollars? Proposed wealth taxes from presidential candidates Sens. Elizabeth Warren and Bernie Sanders are stirring up chatter around so-called strategic divorce to avoid the levy. The Tax Cuts and
Key Findings Under current law, the tax code exempts credit unions from paying corporate income taxes. The Joint Committee on Taxation estimates the exemption will reduce federal revenue by $1.9 billion in 2019. Historically, the exemption was justified on the grounds that credit unions would fulfill three purposes: restrict their customer base to people with
(Photo by Thomas Eisenhuth/picture alliance via Getty Images) picture alliance via Getty Images Many people are happy to lend money to their loved ones, especially to children and grandchildren. But before stroking the check, review the tax rules. The tax consequences vary greatly depending on the terms of the loan. A small change in the
Recent stories in the news raise important questions about the ability of government to impose constraints on abusive government investigations. I’m not here to judge the credibility of the allegations that President Trump used his office to encourage foreign governments to investigate Joe Biden’s son or that a Treasury Department official interfered with audits of
The IRS has selected nine new members for its Electronic Tax Administration Advisory Committee. The committee’s aim is to prevent identity theft and refund fraud in support of paperless filing of tax and information returns. ETAAC members work closely with the Security Summit, a joint effort of the IRS, state tax administrators and the tax
Adam Neumann, CEO of WeWork. Eduardo Munoz | Reuters Goldman Sachs was stung by its bet on WeWork — but not as badly as some analysts had feared. The bank lost about $80 million on its stake in the coworking company in the third quarter, CFO Stephen Scherr told investors Tuesday. While WeWork’s valuation plunged
If you’ve settled an arbitration case with your broker at some point, there’s a chance it isn’t showing up in the popular database used by consumers to check financial advisors’ backgrounds. A new report from an investor advocacy group claims that some brokers and brokerages — with the aid of a handful of law firms
Senator Chuck Grassley in his own letter is cautioning the IRS about Senator Ron Wyden’s letter urging the IRS to investigate the NRA. Wyden refers to a report by the Senate Finance Committee Minority Staff – The NRA And Russia – How A Tax-exempt Organization Became a Foreign Asset. Mariia Butina, leader of a pro-gun
Legislators are no strangers to receiving advice from all quarters, but those in Washington state are about to receive it in extra measure on Election Day. Voters will weigh in with 12 “advisory votes” on tax policy, nonbinding resolutions intended to advise the legislature on whether to repeal or maintain recently enacted tax legislation on
The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, exchanged or acquired cryptocurrencies such as Bitcoin or Ethereum. The question asks, “At any time during 2019, did you receive,
David Farr, CEO, Emerson Electric Scott Mlyn | CNBC D.E. Shaw, the $50 billion hedge fund that in recent years has engaged in shareholder activism along with its many other disciplines, will make public Tuesday something the market has already known for weeks: It has a more than 1% position in Emerson Electric and is
For those struggling with student debt, a new credit card is hardly the answer. Yet, lender Sallie Mae is banking on a few new offerings specifically geared toward recent grads with college loans. As more people in the U.S. struggle to keep up with their credit card and student debt, the student loan lender recently
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