Governor Phil Murphy signed the new $56.6 billion state budget for New Jersey, which includes a significant tax increase on large corporations and substantial funding for property tax relief, public schools, pensions, and community projects. Key Takeaways: The budget introduces a 2.5% tax on large companies to fund NJ Transit, making New Jersey’s business taxes … Read more
Republicans are united around Donald Trump as their nominee, but where they are still divided is what to do about the 21% federal corporate tax rate if they control Washington next year.Some are pushing for a corporate rate as low as 15%. Others have signaled a willingness to accept an increase up to 25%. Donald … Read more
On June 6-7, 2024, over 20 union representatives from the Caribbean region convened at the historic headquarters of the Antiguan Workers’ Union for a workshop on corporate tax justice and sustainable development models. The event, part of the NUTJ’s global capacity-building efforts, featured insights on corporate tax avoidance, emphasising the necessity of analysing CIT policy … Read more
It all seemed too good to be true: a global campaign to stamp out tax avoidance and harmonize international tax rules for companies that operate across national borders.At the forefront of the transparency drive is a minimum tax rate for multinational corporations, no matter where they operate. No more exploiting tax loopholes and shifting profits to countries with … Read more
Debate beat: New Rules Helped Trump “Staged by CNN in an audience-free soundstage in which even competing reporters were banned, the Biden-Trump debate had more ground rules than an Ultimate Fighting match,” grumbles Politico’s Jack Shafer. In advance of the debate, “many assumed that these new rules would hurt Trump” given that “he feeds off live … Read more
2024 Presidential Debate Tax Policy Issues | Tax Foundation Skip to content Home • Blog • Tax Policy Questions 2024 Presidential Candidates Should Address election. The future of the US tax code is one topic that should take center stage, as the next occupant of the White House will have to address the expiring individual … Read more
The first 2024 presidential debate on Thursday saw President Joe Biden and former President Donald Trump go head-to-head in Atlanta, Georgia, moderated by CNN.The two candidates sparred on everything from taxes to the national debt, highlighting crucial economic issues that are top of mind for entrepreneurs. Fox Business reported that U.S. stock futures were higher … Read more
The deadline for New Jersey lawmakers to pass a budget is June 30 and Democrats, who control the legislature, are in the process of passing their $56.6 billion budget agreement. After an onslaught of tax hikes were bandied about during the budget process, the deal reached by lawmakers and Gov. Murphy includes his proposed corporate … Read more
Markets assess Donald Trump was the victor in the first US presidential debate against Joe Biden on Thursday and investors are “already busy” re-evaluating their portfolios to align with the anticipated economic policies that a Trump administration might pursue. Following the head-to-head TV debate, online prediction market PredictIt showed Biden’s odds down to 39% from … Read more
A corporate employee’s candid reflections on the toll of modern work culture have resonated with numerous individuals online. The woman’s post on social media platform X (formerly Twitter), encapsulating the exhaustion and lack of personal fulfilment felt by countless workers, has ignited extensive debate on social media regarding the trade-off between productivity and personal well-being. … Read more