David Heinemeier Hansson, a well-known software engineer, recently slammed the Apple Card on Twitter as sexist. His complaint: He was given a credit limit 20 times larger than his wife, even though she has the better credit score. In response, the New York Department of Financial Services announced it will investigate the Apple Card algorithm
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Economic Security Planning, Inc. Today’s column addresses whether Social Security benefits are recalculated due to continued employment, public pensions and divorced spousal benefits, how divorced spousal benefits are calculated, when spousal benefits are available and foreign pensions. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
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An interview with billionaire investor and founder of Duquesne Capital, Stanley Druckenmiller. In this interview, Stanley discusses what indicators he uses to predict if a recession is coming, his are currently on amber and getting close to red. Stanley also talks about his investment process and evaluates a range of investments. 📚 Books on Stanley
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Internal Revenue Service Commissioner Charles “Chuck” Rettig told an audience of tax professionals and accountants at the AICPA National Tax Conference in Washington, D.C., on Thursday that he wants to hear from them about the impact of the far-reaching IRS reform legislation that Congress passed earlier this year. Rettig, a former Beverly Hills tax attorney,
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In recent years, several countries have taken measures to reduce carbon emissions using environmental regulations, emissions trading systems (ETS), and carbon taxes. In 1990, Finland was the world’s first country to introduce a carbon tax. Since then, 15 European countries have followed, implementing carbon taxes that range from less than €1 per ton of carbon
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On a yearly basis the IRS adjusts more than 40 tax provisions for inflation. This is done to prevent what is called “bracket creep,” when people are pushed into higher income tax brackets or have reduced value from credits and deductions due to inflation, instead of any increase in real income. The IRS used to
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Losing bets; out on a limb; Perfect no more; and other highlights of recent tax cases. Newark, New Jersey: Preparer Wayne Dunich-Kolb, 54, has been sentenced to six years in prison for filing false federal income tax returns, stealing client refunds and committing identity theft in connection with refunds stolen from a deceased taxpayer. Dunich-Kolb
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Lithuania joined the Organisation for Economic Co-operation and Development (OECD) in 2018, making it the 36th member and the most recent addition to our International Tax Competitiveness Index (ITCI). According to our Index, Lithuania’s tax system is the fourth most competitive and neutral in the OECD, promoting sustainable economic growth and investment while raising sufficient
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