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2 mins read

Trump's tax cuts could boost S&P 500 earnings by 20% over the next 2 years, Goldman Sachs says

Each percentage point cut to the corporate tax rate could boost S&P 500 earnings by slightly less t…

Jennifer Sor   


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3 mins read

Elon Musk is a Trump win away from serious federal power

Former President Donald Trump is taking a page out of Elon Musk's book, announcing a plan to create…

Ayelet Sheffey,Brent D. Griff…   


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3 mins read

Coalition politics, weakened mandate could make passing legislations on ambitious reforms challenging: Fitch

As the NDA is all set to form the government, Fitch Ratings on Thursday said coalition politics and…

PTI   


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The House passes a bill to give parents a boosted child tax credit and businesses tax relief

Families that are covered under the legislation could see their 2023 taxes cut by $680.

Juliana Kaplan,Ayelet Sheffey…   


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Vermont is debating a 'millionaires tax.' Massachusetts added $1 billion to its budget and paid for school lunches with a similar tax.

Vermont lawmakers are debating a 3% tax on residents earning more than $500,000 yearly. It would be…

Kenneth Niemeyer   


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3 mins read

Time to push divestment of state-owned banks, says SBI report

With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…

PTI   


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Kyrsten Sinema voices support for minimum corporate tax, breathing life into key funding source for Biden's agenda

A higher corporate tax, which Sinema reportedly opposed in recent weeks, would raise hundreds of bi…

Ben Winck   


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Biden roasts 55 companies like Nike and FedEx for paying less in taxes than the price of a cup of coffee

A pumpkin spice latte costs $5 - more than some of America's biggest companies' tax bills, says an …

Juliana Kaplan   


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7 mins read

Tech titans love Modi's economic powerhouse India — despite mass unemployment and abject poverty

India is on track to become the world's third-largest economy by 2027, but Narendra Modi faces a pi…

Theron Mohamed   


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Biden says Rick Scott's controversial tax plan is 'extreme, as most MAGA things are'

"If they hadn't put this in print, you'd think I was making it up," the president said in a speech …

Juliana Kaplan,Ben Winck   


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Biden warns corporations like Apple, Disney, and Exxon Mobil that are trying to squash his tax hikes: 'I'm going to take them on'

"It's time for working families, the folks who built this country, to have their taxes cut," Biden …

Ayelet Sheffey   


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Biden ditches a corporate tax rate increase in his bipartisan infrastructure deal - for now

Earlier today, President Joe Biden said "we have a deal" on infrastructure. It doesn't include hiki…

Juliana Kaplan,Joseph Zeballo…   


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The new global minimum tax could bring in $150 billion for worldwide governments, report says

The Group of 7 summit yielded a historic tax agreement that, if enacted, could yield billions for g…

Juliana Kaplan   


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2 mins read

The G-7 will reportedly back a global minimum tax, a major step forward for the historic tax change

A global minimum corporate tax rate would stop companies from moving to a different country to get …

Juliana Kaplan   


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3 mins read

American corporations are paying their fair share - to international tax havens

Seven out of the 10 top countries where US multinational companies report profits are tax havens, a…

Juliana Kaplan   


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7 mins read

Big Pharma rakes in $215 billion a year in America yet pays almost no taxes

Americans are getting screwed over by Big Pharma twice: first by high drug prices and again by the …

Brad Setser,Tess Turner   


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2 mins read

Biden offers to ditch his rollback of Trump-era tax cuts in major infrastructure concession to GOP

Biden also offered to cut the amount of new spending he's seeking to $1 trillion. Republicans have …

Juliana Kaplan,Joseph Zeballo…   


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Biden's global tax reform with the G-7 is close to the biggest tax breakthrough in 100 years, report says

Treasury Secretary Janet Yellen has been at the forefront of enacting a global minimum tax, and the…

Juliana Kaplan   


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The US is reportedly proposing a 15% global minimum tax rate on corporations

Treasury Sec. Janet Yellen has been making the case for a nonbinding global minimum tax rate, and t…

Juliana Kaplan   


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3 mins read

Most of the S&P 500's lowest-paying companies hiked CEO compensation during the pandemic, study finds

Of the 100 firms in the S&P 500 with the lowest median wages, 51 boosted CEO pay by 29% on average …

Juliana Kaplan