MILWAUKEE — Former president Donald Trump is trying to present a more worker-friendly vision of the Republican Party at this week’s convention, but he has continued to make clear in private that he views himself as the best choice for billionaires and big business, according to donors who have attended fundraising events.Even as Trump leans … Read more
Donald Trump’s choice of Senator JD Vance as his running mate for the 2024 presidential election has been branded as a “masterstroke” by the CEO of a leading independent financial advisory and fintech for his pro-cryptocurrency approach. Trump selected the Ohio senator, ending months of speculation about the Republican nominee’s choice to help him challenge … Read more
The Biden administration and a Democratic-controlled Congress imposed a new tax on corporate stock buybacks as part of the Inflation Reduction Act passed in 2022. It hasn’t gone well. Corporations use stock buybacks to grow. Buybacks signal to a company’s shareholders that the company’s investments are in demand and that the firm is in good financial health. That incentivizes investors to want to … Read more
A Spousal Lifetime Access Trust (SLAT) can be a valuable tool to transfer wealth to future generations while helping to ensure your spouse’s financial security. What is a SLAT? A SLAT is an irrevocable trust that can provide significant flexibility for married couples. One spouse creates and funds a trust primarily for the benefit of … Read more
Puerto Rico Tax Competitiveness and Pillar Two Skip to content profit shiftingProfit shifting is when multinational companies reduce their tax burden by moving the location of their profits from high-tax countries to low-tax jurisdictions and tax havens. . Pillar Two, the global minimum taxA tax is a mandatory payment or charge collected by local, state, … Read more
LINCOLN — Nebraska’s tax receipts for the 2023-24 fiscal year released Monday came in 0.1% below the most recent projections. In the past year, the State of Nebraska collected $7.156 billion for the state’s general pocketbook, about $10.6 million below a Feb. 29 forecasting projection. The reported general fund tax receipts include net sales and use … Read more
July 9, 2024 at 9:00 PM Aces/SplashNews.com / Aces/SplashNews.com The 2024 presidential election is top of mind and, if you are a shareholder in a company, you might be paying more attention to Donald Trump’s campaign in the upcoming months. Not only will you cast your vote for the next president of the United States … Read more
Vietnam’s draft Corporate Income Tax (CIT) Law proposes changes to incentive eligibility, taxation on capital transfers by foreign investors, and aims to address limitations hindering integration with international best tax practices. Investors and businesses planning market entry or expansion should closely monitor the draft CIT law’s development and prepare for potential impacts on their strategies … Read more
Background The proposed regulations on the procedural aspect of the excise tax was published on April 12, 2024. These were part of the broader implementation of section 4501, which generally imposes a 1% excise tax on stock repurchases by publicly traded corporations. Notice 2023-2 also provided initial guidance on this tax, giving taxpayers a preliminary … Read more
Ryan — a Dallas-based company that describes itself as the largest business-specific tax services and software firm in the world — announced Tuesday that it is acquiring the property tax wing of Canadian commercial real estate services and software company Altus Group Limited.The deal is worth $700 million in Canadian currency ($500 million in the … Read more