remains

Supreme Court Holds That A Corporation’s Life Insurance Proceeds Used To Redeem A Decedent’s Shares Must Be Included In Federal Estate Tax Calculation

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Supreme Court Holds That A Corporation’s Life Insurance Proceeds Used To Redeem A Decedent’s Shares Must Be Included In Federal Estate Tax Calculation

June 6, 2024 Click for PDF Connelly v. United States, No. 23-146 – Decided June 6, 2024 Today, the Supreme Court unanimously held that the proceeds from a life insurance policy taken out by a corporation to redeem a decedent shareholder’s stock are a corporate asset for federal estate tax purposes. “An obligation to redeem shares … Read more

Tax Foundation calls New Mexico tax ranking respectable

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Tax Foundation calls New Mexico tax ranking respectable

Sherry Robinson  |  All She WroteLet’s start with the good news: New Mexico is number one on an important ranking. We have the nation’s lowest property taxes, and they’ve been the lowest for a long time.The reason goes back in history to the 1800s, when New Mexicans lost land to tax sales because they didn’t … Read more

NFP report makes case for no Fed rate cuts until 2025

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NFP report makes case for no Fed rate cuts until 2025

​The US jobs report highlights a super hot US economy, underscoring that there is a real risk that interest rates won’t be cut until 2025, the CEO of a leading financial advisory and fintech has warned. The U.S. economy added 272,000 non-farm jobs in May, much more than expected, while Wall Street had forecast an … Read more

Dollar catapults after strong NFP

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Dollar catapults after strong NFP

USDJPY spiked higher by over half a percent just after the release of US nonfarm payrolls (NFP) data, on Friday. USDJPY traded in the upper 156s after the US Dollar strengthened as a result of the better-than-expected results. Nonfarm payrolls showed the number of employed people in the US rose by 272,000 in May, when … Read more

These four key factors will determine the outcome of Sunday’s elections

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These four key factors will determine the outcome of Sunday’s elections

The political editor of Phileleftheros, Frixos Dalitis, offers insight into the pivotal factors that will shape the outcome of the upcoming Sunday’s European Parliament elections. Four unpredictable elements, each with its unique potential to influence the final election result, are at play in this Sunday’s dual electoral contest. Party Rallying: The ability of traditional parties … Read more

Dollar rebounds on positive risk sentiment, weak Yen

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Dollar rebounds on positive risk sentiment, weak Yen

USDJPY bulls are further encouraged by a weakening Japanese Yen following data that shows real wages declining for the 25th straight month in April, as domestic inflation in Japan continues to outpace wage growth. The data will make it harder for the Bank of Japan to normalise policy, as it hopes to lift the bank’s … Read more

House Republicans mull future of tax cuts, IRA credits

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House Republicans mull future of tax cuts, IRA credits

House Republicans hoping to extend the 2017 tax cuts are beginning to systematically examine tax provisions in the Democrats’ landmark climate law. Whether those climate provisions will land on the chopping block remains to be seen. On Wednesday, a Ways and Means Committee “tax team” focused on manufacturing and energy will meet for the first … Read more

The cost of government inadequacy and corruption

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The cost of government inadequacy and corruption

The illegal construction of a church in the Natura 2000 Network in Cape Greco, despite the reaction of relevant government departments, shows that the violation of environmental legislation is deeply rooted in corruption.

Florida’s April tax collections more than $400M above estimate

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Florida’s April tax collections more than $400M above estimate

Revenue collections for April were 1.4 million above estimates, with corporate income taxes contributing the most to the increase. The state received .32 billion in corporate income taxes, nearly 0 million above projections. Sales taxes also exceeded estimates, while insurance premium taxes fell below expectations. Overall, net revenues for the year have nearly hit .15 billion, about 9.3 million above estimates and 6 million above last year’s revenues at the same period.

‘, Still a lack of trust on halloumi issue’

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‘, Still a lack of trust on halloumi issue’

President Nikos Christodoulides received delegations from associations involved in the halloumi making process. The lack of trust was evident during the meeting, which lasted about three and a half hours. The government’s objectives are to preserve halloumi as a PDO and its status as the main export product of Cyprus. The dialogue will continue with new rounds of meetings under the Minister of Agriculture, and decisions will be made soon with these objectives in mind.