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Democratic presidential candidate Elizabeth Warren gestures as she speaks during a campaign stop at George Mason University in Fairfax, Virginia on May 16, 2019. Mandel Ngan | AFP | Getty Images Democratic presidential candidate Elizabeth Warren isn’t waiting for the election to push forward her proposal to erase the majority of the country’s outstanding student
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The growth of the sharing economy has raised important questions about the proper tax treatment of assets divided between business and personal use. One example is the tax treatment of personal residences used as short-term rental properties, which are often advertised on new economy sharing platforms. While traditional hotels are permitted to fully deduct business-related
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Many businesses around the world operate in more than one country, making them subject to multiple tax jurisdictions. To prevent businesses from minimizing their tax liability by taking advantage of cross-country differences in taxation, countries have implemented various anti-tax avoidance measures, one being the so-called Controlled Foreign Corporation (CFC) rules. CFC rules apply to certain
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Martin Feldstein (MONEY SHARMA) AFP/Getty Images The cleverest idea from Martin Feldstein was a plan to take unemployment funds away from employers and hand them to employees. Workers of the world, unite! Feldstein, who died June 11, was an illustrious Harvard economist of a conservative bent. He worked for a while in the Reagan administration.
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Neal shops a 3-year extender bill, and more. Politico reports that House Ways & Means Committee Chair Richard Neal is shopping a bill to restore and extend a pile of special interest tax provisions for three years. Neal also would expand the Earned Income Tax Credit, the Child Tax Credit, and the Child and Dependent
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Howard Marks, Co-Chairman, Oaktree Capital. David A. Grogan | CNBC Billionaire investor and Oaktree Capital Management Co-Chairman Howard Marks is worried to hear investors say “this time it’s different” or openly wonder if the historic bull market and economic success “can only get better forever.”  In a 12-page letter sent to Oaktree clients on Wednesday,
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Italy is no stranger to low economic growth and high unemployment. To address these issues, Deputy Prime Minister Matteo Salvini is pushing for a 15 percent flat income tax initially only for middle- to low-income earners. However, this proposal would cost between €12 billion and €30 billion per year in tax revenue, pushing Italy’s budget
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While former Colorado Gov. John Hickenlooper (D)—currently a 2020 presidential candidate—has described his state’s earnings from legal marijuana sales as a “drop in the bucket,” current Gov. Jared Polis (D) is taking a different approach. On Wednesday, his administration issued a report touting the fact that Colorado has so far brought in more than $1 billion in cannabis
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The accuracy of miscellaneous income statements submitted by federal agencies and other entities on the Form 1099-MISC has significantly improved, but better communication and outreach could further reduce the number of incorrect 1099-MISC statements filed each year, according to a new report. The report, from the Treasury Inspector General for Tax Administration, noted that entities
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David Gurle, CEO, Symphony Source: Symphony Symphony, a messaging platform for Wall Street firms, has been valued at $1.4 billion, according to people with knowledge of the company. The start-up will soon announce that it raised $165 million from investors to fuel its global expansion, according to the people. Symphony’s latest valuation is a relatively
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