SINGAPORE — With uncertainty looming over the upcoming U.S. elections in November, JPMorgan Asset Management’s Patrik Schowitz says investors should look past the “noise” and focus on the medium term instead. “On a six month view, you know, we think the cyclical view matters much, much more than … the exact noise and shenanigans around the
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This week’s state tax map looks at throwback and throwout rules in states’ corporate tax codes. These rules may not be widely understood, but they have a notable impact on business location and investment decisions and reduce economic efficiency for the states which impose such rules. Over the long run, these rules reduce competitiveness while yielding very
U.S. President Donald Trump walks to Marine One on the South Lawn of the White House on October 1, 2020 in Washington, DC. Drew Angerer | Getty Images It appears unemployed workers won’t get another boost in their weekly benefits any time soon, after President Donald Trump pulled officials out of negotiations on a fifth
Last week, the Congressional Budget Office (CBO) published an updated analysis of the distribution of American households’ income and tax burdens for 2017. The new CBO data reinforces existing trends in household income and tax burdens, showing that the federal tax system is progressive and incomes continued to rise in 2017 as part of the
Internal Revenue Service commissioner Chuck Rettig testified Wednesday before a House oversight subcommittee about the IRS’s performance during the novel coronavirus pandemic, where he heard complaints from lawmakers about their constituents missing stimulus payments. The hearing also focused on the financial condition of the IRS and the state of its aging technology systems. “IRS employees
Elusive cybersecurity pioneer John McAfee was arrested in Spain for tax evasion in the U.S., the Justice Department in Washington said. McAfee is accused of failing to file U.S. tax returns from 2014 to 2018 and hiding assets including real estate, a vehicle and a yacht in the name of others, prosecutors said. An indictment
CNBC’s Jim Cramer on Wednesday warned investors not to buy or sell stocks based on what President Donald Trump tweets. The “Mad Money” host cites Tuesday afternoon’s tweets from Trump ending broad stimulus talks, which sank stocks, and then Tuesday night’s tweets supporting a piecemeal approach, which boosted stocks. “This is what happens if you invest by
Oregon voters will weigh in on taxation of tobacco and nicotine products next month. If voters pass Measure 108, the Tobacco and E-Cigarette Tax Increase for Health Programs Measure, it would increase taxes on cigarettes and cigars and introduce a new tax on vapor products beginning January 2021. The measure was passed by the Oregon
The cost of a virtual health visit has changed for some people with insurance, even as the coronavirus pandemic rages. That means you may have to pay more to Zoom with your doctor. At the beginning of October, many major insurance companies, including Anthem and UnitedHealth, shifted their policies for telehealth, meaning that cost-sharing for
David Jarmul and his wife, Champa, long envisioned what their retirement would look like. After returning from a two-year Peace Corps stint in Moldova in 2018, the couple, both 67, planned extensive travel, including trips to the Baltics, West Africa and Sri Lanka. “Travel is our passion — it’s what we love to do,” said
The pandemic has seen governments around the world take action to support businesses of all sizes and protect their economies. This is one of the core roles of any government, supporting citizens in times of critical need, and the pandemic required a quick and far reaching response. However, this support needs to be paid for,
An effective internal communications strategy is essential when trying to encourage a cohesive team to work together toward the same goal. Especially when it comes to announcing important news to your team, using the right internal communications approach is of utmost importance. The right communications strategy ensures the intended message is clear and easily understood,
The deadline to register for an Economic Impact Payment has been moved to Nov. 21, five weeks beyond the original deadline. The additional time is solely for individuals who have not received their stimulus payment and who don’t normally file a return, the Internal Revenue Service said. For taxpayers who requested an extension to file
David Rea, president of No. 1-rated financial advisor firm Salem Investment Counselors, said that, despite the pandemic, the firm’s “ability to manage stocks and bonds and to communicate with our clients is unchanged.” Salem Investment Counselors Stock prices are “OK” — neither cheap nor pricy — given prevailing interest rates and other factors like federal stimulus money
Field audits down; streamlining taxes for social policies; bad-date boondoggle; and other highlights from our favorite tax bloggers. Time to panic Tax Vox (https://www.taxpolicycenter.org/taxvox): The Tax Policy Center has compared President Trump’s tax situation with other tax-filers in 2016, including those with adjusted gross income exceeding $1 million. The results are simultaneously stunning and yet
October 6, 2020 6 min read Opinions expressed by Entrepreneur contributors are their own. The following excerpt is from Money-Smart Solopreneur: A Personal Finance System for Freelancers, Entrepreneurs, and Side-Hustlers, out now via Entrepreneur Press. Purchase from Amazon | Barnes & Noble | Bookshop | IndieBound. Good record keeping is just good business. How you manage data, account for financial transactions and store and retrieve your records is
With the polls tightening in a number of key states, it’s still anybody’s guess as to which candidate will prevail on Nov. 3, 2020. Whoever wins, there are sure to be changes ahead in tax rates and tax policy. In a Sept. 14 Deloitte poll on the tax implications of the 2020 presidential election, 57.6
Joe Biden and Donald Trump speak during the first U.S. presidential debate on Sept. 29, 2020. Kevin Dietsch/UPI | Bloomberg | Getty Images Stock market analysts in Asia clearly do not agree on who will win the U.S. presidential election. But they’re pretty unified on how they plan to play it. CNBC asked 30 strategists
Note: This report was originally published on March 11, 2019, based on the information in Governor J.B. Pritzker’s “Fair Tax for Illinois” presentation, delivered on March 7, 2019. The report has been updated to reflect the rates as adopted in Public Act 101-0008, which will take effect if a constitutional amendment is approved by voters on
Finding the right financial advisor to help with your financial needs and goals can be complicated. There are so many things to consider. Many advisors use a big assets-under-management figure as a selling-point when marketing themselves to investors. However, AUM isn’t the whole story when a potential client is determining which firm is right for