Posts filtered by tags: Corporate Taxes[x]


 

Joe Manchin signals he could torpedo Democratic attempts to bypass Republicans multiple times in a year

In this Feb. 13, 2021, file photo Sen. Joe Manchin, D-W.Va., departs on Capitol Hill in Washington Alex Brandon/AP Manchin suggested he may thwart Democratic attempts to bypass Republicans in Congress more than once. "I simply do not believe budget reconciliation should replace regular order in the Senate," Manchin wrote in a Post op-ed. It comes as the White House weighs the path ahead for a massive infrastructure plan. See more stories on Insider's business page. Sen. Joe Manchin of ...
Tags: Politics, Congress, Washington Post, Washington, Senate, White House, West Virginia, Trends, Joe Biden, Economy, Infrastructure, Democrats, Gop, Capitol Hill, Biden, Donald Trump


Lyft President joins Amazon in supporting a higher corporate tax rate to pay for Biden's $2 trillion infrastructure plan

Lyft's John Zimmer in New Orleans in 2018. Stephen McCarthy/Sportsfile via Getty Images Lyft cofounder John Zimmer voiced support for Biden's $2 trillion infrastructure plan. He also backed the proposed 28% corporate tax rate that would help fund it. Lyft is now one of the first public companies to support the increased taxes, joining Amazon. See more stories on Insider's business page. Lyft president and cofounder John Zimmer voiced his support for President Joe Biden's pr...
Tags: Amazon, Transportation, Lyft, Politics, News, US, America, Trends, Joe Biden, Cnn, New Orleans, Jeff Bezos, Biden, Zimmer, Ride-sharing, John Zimmer


Jeff Bezos says Amazon supports a corporate tax hike, arguing that Biden's infrastructure plan will require 'concessions from all sides'

Amazon CEO Jeff Bezos. MANDEL NGAN/AFP via Getty Images Jeff Bezos says he supports a corporate tax increase to pay for Biden's infrastructure plan. "We recognize this investment will require concessions from all sides," the Amazon CEO said Tuesday. Under Biden's plan, the tax rate for corporations would increase to 28%, up from 21%. See more stories on Insider's business page. Amazon CEO Jeff Bezos has come out in support of President Joe Biden's $2 trillion infrastructure...
Tags: Amazon, News, US, America, Trends, Joe Biden, Getty Images, Treasury, Janet Yellen, Jeff Bezos, Biden, Bezos, Business Roundtable, Corporate Taxes, Tech Insider, Avery Hartmans


How Small Business Owners Can Navigate Tax Season This Year

As the tax season approaches, the big question now is how entrepreneurs figure out how to find an accountant and how the PPP funds will affect your taxes. The post How Small Business Owners Can Navigate Tax Season This Year appeared first on Young Upstarts.
Tags: Startups, Taxes, PPP, Mikkel Jensen, Professionalisms, Corporate Taxes, Business Finance, Tax Season


Zoom paid $0 in federal taxes on $664 million in pandemic profits, mostly by paying executives stock options

Zoom paid $0 in US federal income taxes last year despite making $663.9 million in US pre-tax profits. Kena Betancur/Getty Images Zoom said it paid no federal income taxes last year, despite $664 million in US pre-tax profits. In SEC filings Friday, Zoom said it saved $302 million on taxes by paying execs' stock options. While legal, the move reignited calls from Sen. Bernie Sanders and others to close such loopholes. See more stories on Insider's business page. Zoom emerged as one...
Tags: Apple, Amazon, Facebook, Enterprise, Microsoft, US, Trends, Joe Biden, Netflix, Treasury, SEC, Janet Yellen, Biden, Donald Trump, Securities And Exchange Commission, Zoom


Goldman Sachs' US equity chief says markets are expecting a blue wave election victory — but a vaccine will be more important than who wins

Brendan McDermid/Reuters Goldman's David Kostin told CNBC on Tuesday that markets are expecting a blue wave election victory, citing polling and betting market data. The chief US equity strategist said that consequential moves in the market may not be that dramatic because a large fiscal stimulus may offset higher taxes proposed by a Democratic government. He added that ultimately a vaccine for the coronavirus is more important for the future of the US economy than who wins the election. V...
Tags: US, Interest Rates, Trends, Investing, Markets, Poll, Goldman Sachs, Capital Gains Tax, Biden, Cnbc, Polling, Market Outlook, Democratic, Election 2020, David Kostin, Corporate Taxes


Trump’s Bank Was Subpoenaed by N.Y. Prosecutors in Criminal Inquiry

The subpoena, sent to Deutsche Bank, suggests that the inquiry into President Trump’s business practices is more wide-ranging than previously known.
Tags: News, Deutsche Bank, Trump, Cohen, Vance, Deutsche Bank AG, Trump Organization, United States Politics and Government, Frauds and Swindling, Donald J, Corporate Taxes, Subpoenas, Cyrus R Jr, Aon Corp, Supreme Court (US, Federal Taxes (US


Apple Scores Legal Victory Against $14.9 Billion E.U. Tax Demand

The decision is a setback for European efforts to clamp down on what the authorities there believe is anti-competitive behavior.
Tags: Apple, News, European Union, Regulation and Deregulation of Industry, Corporate Taxes, Antitrust Laws and Competition Issues


Trump Eyes New Tax Cuts for Next Stimulus Package

The president and his advisers are mulling a variety of deductions and rate cuts meant to help businesses, workers and investors, setting up a clash with Democrats.
Tags: News, Tax credits, Trump, Recession and Depression, United States Economy, United States Politics and Government, Donald J, Corporate Taxes, Payroll tax, Federal Taxes (US, Deductions and Exemptions, Coronavirus (2019-nCoV


The Tax-Break Bonanza Inside the Economic Rescue Package

As small businesses and individuals struggle to obtain federal aid, the wealthiest are poised to reap tens of billions of dollars in tax savings.
Tags: News, Tax credits, Relief, High Net Worth Individuals, Corporate Taxes, Federal Taxes (US, Deductions and Exemptions, Tax Cuts and Jobs Act (2017, Coronavirus Aid, and Economic Security Act (2020


Digital Tax Fight Emerges as Global Economic Threat

European finance ministers, meeting at the G20 in Riyadh, are pushing the United States for a global tax deal as a year-end deadline looms.
Tags: News, United States, International Monetary Fund, Riyadh, Google Inc, Facebook Inc, Georgieva, Scholz, Corporate Taxes, Amazon.com Inc, International Trade and World Market, Group of Twenty, Mnuchin, Steven T, Customs (Tariff, Kristalina Ivanova


Mike Bloomberg: Fixing Inequality Is My Priority

Right now, the rewards of the economy are far too concentrated at the top.
Tags: News, New York City, Income Tax, Income Inequality, Capital Gains Tax, Trump, Mike Bloomberg, Donald J, High Net Worth Individuals, Corporate Taxes


Bloomberg Proposes $5 Trillion in Taxes on the Rich and Corporations

Michael R. Bloomberg, the billionaire presidential hopeful, is including more new taxes in his plan than his moderate rival Joe Biden but less than Bernie Sanders or Elizabeth Warren.
Tags: News, Bloomberg, Joe Biden, Income Tax, Taxation, Bernie Sanders, Michael R Bloomberg, Corporate Taxes, Federal Taxes (US, Presidential Election of 2020, Michael R, Tax Cuts and Jobs Act (2017


Why the Impact of the Trump Taxes Remains Partly Hidden

New taxes should be a big expense for many companies. But they have found a way around disclosing it in annual reports.
Tags: News, Income Tax, Apple Inc, Treasury Department, Facebook Inc, Corporate Taxes, Tax Shelters, Federal Taxes (US, Tax Cuts and Jobs Act (2017




Purdue Pharma Payments to Sackler Family Soared Amid Opioid Crisis

A new audit finds that the family directed $10.7 billion from the drugmaker to family-controlled trusts and holding companies, as legal pressure tightened around Purdue.
Tags: News, Purdue Pharma, Bankruptcies, Corporate Taxes, Suits and Litigation (Civil, Pain-Relieving Drugs, Sackler Family, Opioids and Opiates, Your-feed-healthcare


Purdue Pharma’s Payments to Sacklers Soared Amid Opioid Crisis

A new audit finds that the family directed $10.7 billion from the drugmaker to family-controlled trusts and holding companies, as legal pressure tightened around Purdue.
Tags: News, Purdue Pharma, Bankruptcies, Corporate Taxes, Suits and Litigation (Civil, Pain-Relieving Drugs, Sackler Family, Opioids and Opiates, Your-feed-healthcare


Trump’s Tax Truce With France Expires, but the Path Ahead Remains Unclear

The end of a 90-day pause on the taxation of technology companies and other corners of the digital economy raised questions of whether the president would revive threats against French wine.
Tags: News, France, European Union, United States, Trump, Facebook Inc, United States Politics and Government, Donald J, Corporate Taxes, Amazon.com Inc, International Trade and World Market, Customs (Tariff


A Broken Promise on Taxes

FedEx pledged investment in exchange for a tax cut. We look at what the company has done with a tax bill of $0 — and billions back in the bank.
Tags: News, Taxation, FedEx Corporation, United States Economy, Corporate Taxes, Federal Taxes (US, Tax Cuts and Jobs Act (2017


How FedEx Cut Its Tax Bill to $0

The company, like much of corporate America, has not made good on its promised investment surge from President Trump’s 2017 tax cuts.
Tags: News, America, United States, Smith, Taxation, Trump, FedEx Corporation, Frederick, United States Politics and Government, Donald J, Corporate Taxes, Federal Taxes (US, Tax Cuts and Jobs Act (2017, Stock Buybacks


Why Is a Secretive Billionaire Buying Up the Cayman Islands?

The heir to a foam-cup fortune is believed to own more land than anyone on the storied tax haven of Grand Cayman, just as rising seas threaten to engulf it.
Tags: News, Dart, Cruise, John, Cayman Islands, Kenneth, Tom, Grisham, Intergovernmental Panel on Climate Change, Banking and Financial Institutions, High Net Worth Individuals, Corporate Taxes, Tax Shelters, Hurricanes and Tropical Storms


How to Tax Our Way Back to Justice

It is absurd that the working class is now paying higher tax rates than the richest people in America.
Tags: News, Income Tax, Income Inequality, Tax Evasion, Taxation, Internal Revenue Service, Congressional Budget Office, United States Politics and Government, Corporate Taxes, Sales and Excise Taxes, Federal Taxes (US


Bernie Sanders Has a Heart Attack: This Week in the 2020 Race

Here are seven things that happened in the presidential campaign this week.
Tags: Twitter, News, Warren, Gun Control, Biden, Campaign Finance, Sanders, Elizabeth, Bernard, Facebook Inc, Corporate Taxes, Impeachment, Joseph R Jr, Presidential Election of 2020, Debates (Political




Nearly $300 Million in Tax Breaks Awarded to 4 Companies With Close Democratic Ties

Backlash over New Jersey’s lucrative tax incentives grew Thursday over the disclosures that the companies got tax breaks despite questionable claims.
Tags: News, New Jersey, Tax credits, Murphy, Economic Development Authority, Sheehan, Cooper Health System, Law and Legislation, Corporate Taxes, Relocation of Business, Deductions and Exemptions, Kevin D, Camden (NJ, Philip D (1957-, Conner Strong & Buckelew, Parker McCay PA


A Very Modern Waste of Tax Dollars

In California, the rise of online retail is supersizing a corporate tax incentive. Banning it would benefit everyone (except corporations).
Tags: News, California, E-commerce, Apple Inc, Bloomberg News, Corporate Taxes, Relocation of Business, Sales and Excise Taxes, Fresno (Calif, Cupertino (Calif, Best BUY Company Inc, Macy's Inc, Sacramento County (Calif


Profitable Giants Like Amazon Pay $0 in Corporate Taxes. Some Voters Are Sick of It.

In Ohio, where companies like FirstEnergy and Goodyear pay no federal corporate taxes, Democrats haven’t figured out how to leverage anxiety over income inequality to defeat President Trump.
Tags: News, Democrats, Income Inequality, Warren, Ohio, Sanders, Elizabeth, Democratic Party, FirstEnergy, Bernard, Goodyear, Corporate Taxes, Amazon.com Inc, Federal Taxes (US, Presidential Election of 2020, Profitable Giants Like Amazon Pay


The Incredible Shrinking Trump Boom

At least corporate accountants are having some fun.
Tags: News, Interest Rates, Ireland, Luxembourg, Taxation, Bermuda, United States Economy, Federal Reserve System, Corporate Taxes, Tax Shelters, Federal Taxes (US




British Panel Calls for Stricter Antitrust Rules on Tech Giants

Big Tech is reducing consumer choice and harming innovation, according to a report ordered by the country’s top economic official.
Tags: News, Privacy, Great Britain, Tech Giants, Law and Legislation, Computers and the Internet, Regulation and Deregulation of Industry, Corporate Taxes, Antitrust Laws and Competition Issues