How quickly the once mighty fall. Carlos Ghosn, a Lebanese–Brazilian–French businessman, had served as the Chairman and CEO of France-based Renault, Chairman and CEO of Japan-based Nissan, and Chairman of Mitsubishi Motors. FILE: Carlos Ghosn, chief executive officer of Nissan Motor Co., gestures as he speaks during a news conference in Yokohama, Kanagawa Prefecture, Japan,
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Tax competition at its best. Politico reports that the Canadian federal government will allow accelerated depreciation for some investments to compete with the U.S. expensing provision that was implemented as part of the U.S. Tax Cuts and Jobs Act (TCJA). The Canadian government has been concerned that the U.S. move has made the U.S. a more
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The Internal Revenue Service is reminding taxpayers Monday about a change under the new tax law that limits like-kind exchanges to exchanges of real estate and similar property. Under last December’s tax overhaul, starting Jan. 1, 2018, any exchanges of personal or intangible property such as machinery, equipment, vehicles, artwork, collectibles, patents and other intellectual
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Student loan borrowers with cancer can now pause their payments. Under the rule, included in a recent bipartisan congressional spending package, borrowers are exempt from student loan payments throughout their treatment for cancer and then for six months afterward. Additionally, interest will not accrue during the postponement. Some cancer patients can rack up an extra
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Greece has faced some of the most difficult economic challenges in the developed world over the last decade. Instead of growing, the Greek economy has contracted in eight of the last 10 years, growing by small amounts in just 2014 and 2017. In 2011, the Greek economy shrank by 9.2 percent. The unemployment rate peaked
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Woman with futuristic smart glasses on grey backgroundGetty As chief engineer, Montgomery “Scotty” Scott commanded Captain Kirk (in Star Trek), “Beam me up, Scotty“. That’s what it feels like when I began thinking about the potential for driverless cars. It’s really hard to imagine how autonomous vehicles will transform the economy, but when you think
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Washington – Lincoln MemorialGetty We are entering the golden age of donor-advised funds. The National Philanthropic Trust’s 2018 Donor-Advised Fund Report found that the number of donor-advised funds grew by 60.2% from 2016 to 2017 with total charitable assets in these accounts now $110.01 billion.  The growth has been attributed to double-digit market returns combined with
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As the economy strengthens, more workers nearing retirement age are feeling better about their economic prospects. That’s the good news. Still, many others are worried about their savings, or lack of savings, and how they will get by once they stop working for good. Overall, 85 percent of working Americans said retirement will be a
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Researchers at the University of Rochester Medical Center (URMC) have discovered a new way to potentially get medicine to the brain. The research, which appeared last month in the journal JCI Insight, could significantly change how we treat Alzheimer’s, Parkinson’s, ALS and brain cancer. Brain treatment low poly 3D render. Drug nootropic human ability stimulant
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Share to facebook Share to twitter Share to linkedin The Internal Revenue Service Advisory Council is urging virtual currencies be allowed to be used to pay taxes. Photographer: Chris Ratcliffe/Bloomberg© 2018 Bloomberg Finance LP Taxpayers should be allowed to pay federal taxes with virtual currencies, the Internal Revenue Service Advisory Council urged today. Letting payments
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