The EURUSD currency pair weakened to near 1.0830 Wednesday, as the preliminary Eurozone Hamburg Commercial Bank (HCOB) Purchasing Managers’ Index (PMI) report for July showed that composite numbers unexpectedly eased due to a slowdown in activities in the manufacturing and services sectors. The HCOB Composite PMI decreased to 50.1, just above the 50 threshold that separates … Read more
By Tyler Cowen, Bloomberg Opinion (TNS) [Editor’s note: This opinion piece was published before President Joe Biden announced he would be dropping out of the 2024 presidential race.] Donald Trump’s 2017 Tax Cuts and Jobs Act was the biggest corporate tax cut in U.S. history. How did it affect the economy? The question has taken … Read more
U.S. Vice President Kamala Harris speaks during a campaign event at Westover High School in Fayetteville, North Carolina, on July 18, 2024.Allison Joyce | Afp | Getty ImagesWith President Joe Biden officially out of the election, experts are watching for tax policy from Vice President Kamala Harris, the frontrunner for the Democratic nomination.While Harris has … Read more
As the 2024 presidential election draws ever closer, Donald Trump is revealing key tax plans that could shape his government.In his campaign, Trump has championed himself as the leader of low taxes, saying he would decrease corporation taxes, increase tariffs on international imports and exempt some U.S. workers from current tax requirements.Now that the Republican … Read more
With Donald Trump’s political stock suddenly reaching new highs—after he survived an assassination attempt and starred in a slickly produced convention, while President Biden stays at home with Covid, all in one week—business leaders must revisit their scenarios for a Trump presidency. They should keep three factors front and center: Trump’s stance on taxes and … Read more
During his presidency, Donald Trump slashed the corporate tax rate from 28 percent to 21 percent. If he’s elected again this year, Trump intends to further cut the corporate tax rate to 15 percent, according to new reporting in Bloomberg. The 2017 Trump tax law is already an epic financial boondoggle, one that was designed … Read more
Former President Donald Trump is campaigning on a pledge to end the “inflation nightmare,” vowing that if he wins a second term, he’ll bring down prices “very quickly.” And if that scenario came to pass, it would be cheered by the millions of Americans who say higher costs remain a major problem.There’s only one problem: … Read more
Silver plummeted to near $29.00 in Friday’s American trading. The white metal faces an intense sell-off as the outcome of China’s third plenum meeting had less stimulus measures to address economic challenges and was more focusing more on “high-quality development”. The world’s second-largest economy struggles to maintain the economic growth momentum due to poor demand … Read more
While Ireland’s corporate tax stance has placed it at odds with the rest of the EU, a Trump presidency would bring a geopolitical storm that would leave the entire bloc in the same boat Donald Trump said his economic agenda was ‘low interest rates and taxes’, adding there was a ‘tremendous incentive to get things … Read more
Trump pushes for lowering corporate tax rate to 15% – CBS News Watch CBS News Former President Donald Trump revealed more about his policy vision in an interview with Bloomberg Businessweek conducted in June and released this week. Trump said he wants to lower the corporate tax rate to 15% if he returns to the … Read more