Harris vows to build ‘opportunity economy’ and attacks Trump on tax

Harris vows to build ‘opportunity economy’ and attacks Trump on tax

Vice-president and Democratic presidential candidate Kamala Harris unveiled her economic campaign proposal in North Carolina to build what she called an “opportunity economy” focused on the middle class.She said in Raleigh: “Your salary should be enough to provide you and your family with a good quality of life … such as, no child should have … Read more

Fed needs , ‘supersized’ 50bps rate cut in Sept or risk recession

Fed needs , ‘supersized’ 50bps rate cut in Sept or risk recession

The Federal Reserve must go big with a supersized 50 basis point interest rate cut in September to get ahead of a looming economic storm, warns the CEO of a leading independent financial advisory and fintech. The warning from deVere Group’s Nigel Green comes as consumer prices in the US inched up modestly last month, adding fuel … Read more

Oregon residents will vote in November on a $1,600 annual universal basic income

Oregon residents will vote in November on a $1,600 annual universal basic income

Economy Oregon residents will vote in November on a $1,600 annual universal basic income Katie Balevic 2024-08-16T15:29:34Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Twitter icon A stylized bird with an open mouth, tweeting. Twitter … Read more

Elements of a clean core and why it matters for corporate tax

Elements of a clean core and why it matters for corporate tax

Exploring the transformative impact of SAP Clean Core on financial data management for streamlined operations and improved compliance. ← Blog home In the realm of financial data management, SAP Clean Core is changing the way businesses handle their financial information. This new strategy simplifies and streamlines financial data within SAP systems, propelling organizations towards enhanced … Read more

Traders push markets higher, US inflation may set trading tone

Traders push markets higher, US inflation may set trading tone

By Naeem Aslam Traders are ready to bag some bargains, while others continue to believe that the current bounce back in the markets may be nothing more than a dead cat bounce, as a result of which, caution is need. European and US markets are very much moving forward, leaving behind all of the concerns … Read more

Nirmala Sitharaman says burden on middle class narrative ‘not based on facts’; clarifies real estate taxes

Nirmala Sitharaman says burden on middle class narrative ‘not based on facts’; clarifies real estate taxes

Indian Finance Minister Nirmala Sitharaman on Wednesday (August 7) said “we heard the people” as she confirmed revised real estate indexation rules in the Parliament. With the relaxed rules, taxpayers will get more flexibility in calculating their long-term capital gains tax.”The amendment gives taxpayers a choice to calculate and see what works better for them. The current amendment … Read more

Could A Bigger Tax Credit Boost Employer-Provided Child Care?

Could A Bigger Tax Credit Boost Employer-Provided Child Care?

My spouse and I were lucky as parents. In 2005, I brought our infant daughter to work right after maternity leave, and she was my officemate until she could crawl into the hallway. A colleague did the same with her son the following year. Our employer, a small company with fewer than 25 employees, was … Read more

5 key issues impacting global corporate tax policy

5 key issues impacting global corporate tax policy

Listen to the article 6 min feedback. Corporate tax managers have had to negotiate their way through heightened turbulence ever since the Trump-led tax cuts and the Jobs Act became law in 2017. Today’s hot-button issue is the ongoing Organisation for Economic Co-operation and Development (OECD)-led global effort to impose a minimum 15% tax on … Read more

Trump Dangles New Tax Cut Proposals With Real Political Appeal

Trump Dangles New Tax Cut Proposals With Real Political Appeal

The most recent and costliest of Mr. Trump’s ideas would end income taxes on Social Security benefits. First it was a tax cut for hotel and restaurant workers in Nevada, a swing state where Donald J. Trump proposed exempting tips from taxes. Then, in front of powerful chief executives gathered in Washington, Mr. Trump floated … Read more

WTI edges higher to $72.50 on supply disruptions

WTI edges higher to $72.50 on supply disruptions

West Texas Intermediate (WTI) ended a four-day losing streak, trading around $72.50 per barrel on Wednesday. The benchmark crude oil is getting support from rising concerns about supply constraints due to ongoing geopolitical tensions in the Middle East. Hamas named Yahya Sinwar as its new leader in Gaza following the assassination of former chief Ismail … Read more