Tsitsipas dismantles Ruud to win Monte Carlo title
Stefanos Tsitsipas won his third Monte Carlo Masters title in four years, defeating Casper Ruud in straight sets.
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Sky News: Iran’s direct attack on Israel is unprecedented – Why Tehran chose to strike with drones
Iran launched an unprecedented direct attack on Israel using 200 drones and missiles. Most of the drones were intercepted, with only one 7-year-old girl injured by shrapnel. The use of cruise missiles changed the dynamics of the situation. The attack caused Israelis to feel vulnerable and the government will be forced to respond. The attack was similar to Russia’s attacks on Ukraine, experimenting with different types of missiles and drones. Iran has also tested US Navy defense systems through Houthi drone attacks.
The Corporate Rate Cut and Revenues – AAF
The fact described in the text is that the 21 percent corporation income tax rate, which was implemented as part of the 2017 Tax Cuts and Jobs Act, does not sunset at the end of 2025. Opponents of the TCJA criticize the rate cut from 35 to 21 percent, while some supporters argue that the rate cut “paid for itself.” The graph presented in the text shows a sharp falloff in revenue in 2018 after the rate cut, but revenue in 2022 and 2023 is above the amount projected by the Congressional Budget Office. The text concludes that the corporate rate cut is not a non-starter or a freebie, but rather a trade-off that is central to real tax reform.
Tsitsipas stuns Sinner to reach Monte Carlo final
Fact: Stefanos Tsitsipas defeated Jannik Sinner in the Monte-Carlo Masters semi-final to advance to the final.
Yen declines after weak US data, buyers take profits
The USDJPY pair was trading at 152.95 with a modest loss of 0.17% late Friday. Despite a drop in consumer confidence in the US, the Greenback is set to close a winning week due to hot inflation data reported. The US Bureau of Labor Statistics revealed a rise in inflation, with the Consumer Price Index rising to 3.5% year-over-year in March. Hot inflation figures fueled hawkish bets on the Federal Reserve and US Treasury yields, benefiting the USD during the week. The USD may see further upside if data validates bets, with Retail Sales figures from March set to be released next Monday. On the technical analysis side, the USDJPY pair shows a sustained trend in positive territory on the Relative Strength Index (RSI) and a bullish posture above the 20-day, 100-day, and 200-day Simple Moving Average (SMA).
No more victims from the fifth floor
A young man from Bangladesh fell to his death from the fifth floor during a police raid on an apartment where he was staying with other illegal immigrants. This tragic incident highlights the need for authorities to find alternative methods to detect irregular immigrants, as human life is more valuable than making arrests.
Annual CIT Reconciliation in 2024- A Brief Guide for Companies
Companies are advised to begin tax filing procedures for the 2023 tax year as soon as possible to complete CIT reconciliation before the deadline of May 31, 2024.
China CIT Reconciliation 2024 – A Brief Guide to Annual Tax Filing
The season for China CIT reconciliation in 2024 is underway, and companies are advised to begin tax filing procedures for the 2023 tax year as soon as possible to complete CIT reconciliation before the deadline of May 31, 2024.
Why we, ’re still drawn to the concept of ‘gentlemen’
Fact: The term “gentleman” comes from Middle English and is associated with higher competence and warmth, with positive connotations of goodness and morality.
Honey, I Shrunk The Tax Base: The Decline In Taxable Shareholders
The content discusses updated data from the Urban-Brookings Tax Policy Center showing a decreasing shareholder tax base and how it could affect tax policy. The percentage of taxable shareholders has dwindled over time, with implications for taxing dividends and capital income. Foreign investors, retirement accounts, and not-for-profit institutions are the largest groups of nontaxable shareholders. The article aims to address the issue of a shrinking tax base and provides transparency in methodology for readers to engage with the data. The implications of the decreasing shareholder tax base include the impact on corporate tax cuts benefiting foreign investors and the need to consider solutions like a withholding tax on corporate distributions to foreign investors.