With a battle over congressional Republicans and former U.S. President Donald Trump’s 2017 tax law brewing, a progressive think tank on Monday published an analysis that points to the surge in stock buybacks as proof that federal policymakers should raise the corporate tax rate. When Trump—the presumptive GOP nominee to challenge President Joe Biden in … Read more
The Supreme Court on Thursday rejected a challenge to the constitutionality of taxation on foreign income in a case backed by business and anti-regulatory interests who said the provision was similar to a “wealth tax.” The 7-2 decision by Justice Brett Kavanaugh upheld the mandatory repatriation tax, siding with the Biden administration to uphold the provision of the 2017 … Read more
In small economies such as Cyprus, investment opportunities are limited, especially those which can produce reasonable returns in relation to the risk involved. Due to the introduction of the general public health system, various groups of investors (including foreign ones) have turned their interest towards health related projects, either as healthcare centres or simply as … Read more
The Arkansas House and Senate on Tuesday each passed its version of two identical bills that seek to cut income taxes, setting up the conclusion of a special legislative session on Wednesday. The legislation would lower the top corporate income tax rate from 4.8% to 4.3% and the top individual income tax rate from 4.4% … Read more
What are common nootropics and what effect will they have? By Nenad Naumovski, Amanda Bulman and Andrew McKuneHumans have long been searching for a “magic elixir” to make us smarter, and improve our focus and memory. This includes traditional Chinese medicine used thousands of years ago to improve cognitive function. Now we have nootropics, also … Read more
Open this photo in gallery:A Canada Revenue Agency sign in Ottawa on March 1, 2021.Justin Tang/The Canadian Press Claude Lavoie is a contributing columnist for The Globe and Mail. He was director-general of economic studies and policy analysis at the Department of Finance from 2008 to 2023.A majority of people are tired with the Liberal … Read more
A new agreement between Moscow and Tehran on comprehensive cooperation has been temporarily suspended due to problems that Iranian partners are facing, Russia’s RIA state news agency reported on Tuesday citing a Russian foreign ministry official.“This is a strategic decision of the leadership of the two countries,” RIA cited Zamir Kabulov, the foreign ministry official … Read more
WASHINGTON — On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America.The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and “shrinkflation.”But for the past several months, top Biden administration officials have also stepped up … Read more
Gold traders and investors expected the European Central Bank to cut interest rates by 25 basis points for the first time since 2019 in its meeting on Thursday, making it the first reversal in the bank’s hawkish monetary policy in five years. The Euro and the equities markets in Europe had already priced a major chunk of … Read more
reuters_tickers This content was published on June 6, 2024 – 17:58 ST PETERSBURG (Reuters) – The prospect of raising Russia’s corporate taxes was criticised by officials at last year’s St Petersburg economic forum as a counterproductive move that would suppress investment. This year, those same officials have changed their tune.The government approved tax hikes last … Read more