Month: August 2020

Saul Loeb | AFP | Getty Images Amazon CEO Jeff Bezos on Wednesday saw his net worth soar above $202 billion, according to the Bloomberg Billionaires Index, making him the first person to cross the $200 billion threshold. He’s now $78 billion richer than Microsoft co-founder Bill Gates, who stands at number two. The Amazon
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Dollar bills, calculator and 401 k Plan getty Readers, after publishing my prior article, with the clunky title, “Joe Biden Promises To End Traditional 401(k)-Style Retirement Savings Tax Benefits. What’s That Mean?” I received, generally speaking, two types of feedback: first, challenging me with respect to my statements, in general, of Biden’s plan; and, second,
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Stephanie Soong Johnston, chief correspondent for Tax Notes Today International and Robert Goulder, contributing editor for Tax Notes International discuss the recent Apple AAPL State Aid decision and the long term consequences on global tax reform. Here are a few highlights . . . On the timeline leading up to the Apple state aid case  Stephanie Soong Johnston: In September
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Million Dollar Beach House, the latest Netflix NFLX offering in the world of reality real estate shows, debuts today. From Beverly Hills to the Hamptons, glimpses into multimillion-dollar homes and the people who sell them have become hot properties.   Million Dollar Beach House From Netflix Netflix Bravo’s Million Dollar Listing Los Angeles boosted the careers
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New cases of the coronavirus continue to fall in the U.S., as does testing across the country, according to data compiled by Covid Tracking Project, a volunteer project founded by journalists at The Atlantic. The Centers for Disease Control and Prevention quietly revised its testing guidance earlier this week to say that most people without
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An employee of Dick’s Sporting Goods in Destiny USA mall delivers products to a shopper, as customers pick up goods from retailers offering curbside pick up as the coronavirus disease (COVID-19) restrictions ease in Syracuse, New York, U.S., May 15, 2020. Zachary Krahmer | Reuters Dick’s Sporting Goods reported eye-popping quarterly earnings and sales growth Wednesday,
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HSBC Global Asset Management and climate change advisory and investment firm Pollination Group are teaming up to launch a series of billion-dollar funds that will target “natural capital.”  The new venture, which is the largest of its kind, will be called HSBC Pollination Climate Asset Management. The funds will target institutional investors including pension funds
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Almost half of all Americans would consider booking a vacation if they got a second stimulus check, a survey has found. Financial advisors, however, say that’s probably not the best way to spend the money — unless you’ve already crossed all your “t’s” and dotted every “i” when it comes to your finances. To that
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The Covid-19 crisis is requiring everyone to do something that former FBI hostage negotiator Chris Voss built a career on: make tough, stressful decisions. “I like action, I hate inaction and inertia, and with the pandemic, it is requiring us to make decisions,” said Voss, who now runs his own consulting firm, Black Swan Group.
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getty Every year, the IRS releases its so-called “Dirty Dozen”—a list of scams that target taxpayers.  This year, perhaps as no surprise, the list emphasized schemes related to coronavirus tax relief, including Economic Impact Payments.  As the pandemic drags on, taxpayers and tax professionals would do well to familiarize themselves with the IRS’s list of the latest
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The discussion around U.S. use of convalescent plasma as a Covid-19 treatment continued on Tuesday. Food and Drug Administration Commissioner Dr. Stephen Hahn acknowledged late Monday that criticism of his comments about the benefits of the treatment are “entirely justified.” Hahn, at a press conference with President Donald Trump, said that of 100 Covid-19 patients, “35
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