A store displays a sign before closing down permanently in Arlington, Virginia. OLIVIER DOULIERY/AFP via Getty Images States are poised to raise taxes on businesses starting next year and cut jobless benefits for workers as the coronavirus-fueled downturn continues to stress unemployment systems around the country. Industries like bars and restaurants that were hit hardest
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The Sustainability Accounting Standards Board is moving beyond standards for environmental issues and more into the areas of social and governance reporting, with new projects on content governance in the internet media and services industry and human capital management. SASB held an online board meeting Friday to discuss both issues, along with the more environmentally
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Chime CEO Chris Britt Source: Chime The fintech world has a new heavyweight. Chime, the start-up that delivers banking services through mobile phones, has closed a fundraising that values the company at $14.5 billion, CNBC has learned exclusively. That lofty figure makes Chime the most valuable American fintech start-up serving retail consumers. Robinhood, the popular
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Victims of the Oregon wildfires that began on Sept. 7 now have until January to file various federal individual and business returns and make tax payments. The IRS is offering this relief to any area designated by the Federal Emergency Management Agency as qualifying for individual assistance. Currently this includes Clackamas, Douglas, Jackson, Klamath, Lane,
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A group of Senate Democrats introduced legislation Thursday to offer tax relief to individuals, businesses and states affected by catastrophic wildfires, such as the ones devastating California, Oregon and Washington State, along with other presidentially declared disasters, such as Hurricane Sally, which flooded parts of Gulf states like Florida, Alabama and Louisiana this week. Senate
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As the economic crisis driven by the pandemic has continued, a troubling trend in tax policy discussions has arisen. It is common these days to hear finance ministers refer to tax increases that would be narrowly targeted at a particular business model or industry simply based on the fact that those businesses appear to be
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Difficult and complex; $4,000 tax on $2 million; little horse sense; and other highlights of recent tax cases. Boston: Jennifer Beth True, of Lawrence, Massachusetts, a former employee of the IRS service center in Andover, Massachusetts, has pleaded guilty regarding the filing of at least 70 false returns for herself and others. True was employed
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A recent report from the Organisation for Economic Co-operation and Development (OECD) on tax reforms during the past year reveals a tendency towards higher property taxes, often in the form of base broadening, tax rate increases, or both. Even though countries have increasingly targeted property taxes as a source of revenue, on average, they still
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Herman Miller Aeron chair Source: Herman Miller Shares of office furniture retailer Herman Miller are surging after a blowout earnings report that showed the company is benefiting from the work-from-home trend.  Herman Miller jumped more than 35% in midday trading on Thursday, while the broader market was under pressure.  As the coronavirus pandemic forces millions
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Sarah Casillas | DigitalVision | Getty Images The IRS has a message for about 9 million Americans: You could still be eligible for a $1,200 stimulus check. The government has sent out about 160 million stimulus checks since legislation authorized those payments in the spring. Still, millions of Americans have yet to receive any money
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