Tax Notes reporter Elodie Lamer discusses the Business for Europe: Framework for Income Taxation (BEFIT) initiative, the European Commission’s latest plan to harmonize and streamline certain aspects of corporate taxation. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes
Month: October 2023
College towns, energy industry towns, Midwest and Northeast cities dominated rent price increases last month while Sunbelt rent growth that soared during the pandemic succumbed further to a heavy spate of construction. Twin Texas cities Midland and Odessa led the list of 20 smaller cities Dallas-area apartment software firm RealPage analyzed, posting rent growth of
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT – General Motors said Tuesday it is delaying production of all-electric trucks at a Michigan plant by at least a year
In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT A Lucid showroom in New York City on Aug 19th, 2023. Adam Jeffery | CNBC Luxury electric vehicle maker Lucid Group said Tuesday that it delivered 1,457 of its Air sedans to customers in the third quarter, a number that is unlikely to reassure investors
South_agency | E+ | Getty Images There has been a nationwide increase in “phantom hacker” scams, a type of fraud “significantly impacting senior citizens,” who often lose their entire bank, savings, retirement or investment accounts to such crime, according to the FBI. “Phantom hacker” scams are an evolution of tech support scams, a type of
IRS Commissioner Danny Werfel speaks at a Senate Finance Committee hearing in Washington, D.C., on April 19, 2023. Al Drago | Bloomberg | Getty Images The IRS on Tuesday unveiled more details about its direct filing pilot program launching for the 2024 tax season. Known as Direct File, the pilot will allow certain taxpayers to
Fidelity Investments recently released its annual estimate of healthcare costs in retirement. The scary numbers indicate the average person older than 65 years old may spend $157,500 in out-of-pocket expenses for healthcare in retirement. A couple may pay an average of $315,000. Middle-aged Millennials should take note, this is not just a Baby Boomer problem.
Online sports betting in New York added $727.4 million in tax revenues in the state’s fiscal 2022-2023 year—and it looks like the trend will continue into the first quarter of the current fiscal year, according to a report by State Comptroller Thomas P. DiNapoli. But not all news is good news. The New York State
North Carolina is home to a couple of the fastest growing cities in the United States, including, most notably, the cities of Cary and Concord. North Carolina’s largest city, Charlotte, witnessed its population grow by 126.7%, from 395,934 in 1990 to 897,720 in 2022. In recent studies, we analyzed and identified the richest cities in
In this article GS Follow your favorite stocksCREATE FREE ACCOUNT David Solomon, chief executive officer of Goldman Sachs Group Inc., at the Goldman Sachs Financial Services Conference in New York, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what
In this article JNJ Follow your favorite stocksCREATE FREE ACCOUNT An entry sign to the Johnson & Johnson campus shows their logo in Irvine, California on August 28, 2019. Mark Ralston | AFP | Getty Images Johnson & Johnson on Tuesday reported adjusted earnings and revenue that topped Wall Street’s expectations, and lifted its full-year
In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT Brian Moynihan, CEO of Bank of America Heidi Gutman | CNBC Bank of America topped estimates for third-quarter profit on Tuesday on stronger-than-expected interest income. Here’s what the company reported: Earnings per share: 90 cents vs. expected 82 cent estimate from LSEG, formerly known as
Concerns about high inflation and a possible recession have not only affected the financial lives of many American workers — they’re also now changing the type of workplace perks that employees say they’d value most. Some employers are taking notice and expanding their offerings. More from Personal Finance:Here’s the inflation breakdown for September 2023 —
Tax season can be a stressful time for many individuals, especially high-income taxpayers. With complex tax laws and ever-changing regulations, it can be tempting to seek out shortcuts or schemes to minimize tax liability. One such scheme that has been gaining attention in recent years is the promotion of art donation deductions by certain promoters.
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Bill Ford, executive chair of Ford Motor Company, speaks at their Rouge Visitor Center in Dearborn, Michigan, October 16, 2023. Jeff Kowalsky | Ford Motor Co. | Handout | via Reuters DEARBORN, Mich. – Ford Motor Executive Chair Bill Ford on Monday warned that an
Martin-dm | E+ | Getty Images Gen Zers are cutting back on spending. More than half, 53%, say a high cost of living is a barrier to their financial success, according to a new survey from Bank America. Nearly 3 in 4 young adults surveyed, 73%, have changed their spending habits amid record-high inflation. “Many
The federal government recently released two important changes that are relevant to seniors. Social Security announced more than 71 million Americans will see a 3.2% increase in their Social Security benefits. On average, that’s about $50 a month, starting in January. (Read all about that here.) The Centers for Medicare & Medicaid Services released the
With hours to go before the filing deadline, the IRS has further postponed tax deadlines for most California taxpayers to Nov. 16, 2023. “Further” is a key word—due to the winter storms that hit the Golden State earlier this year, the normal spring due dates had previously been postponed to Oct. 16, 2023. Impacted Taxpayers
In this article AMC Follow your favorite stocksCREATE FREE ACCOUNT Taylor Swift performs onstage during at Ford Field on June 9, 2023 in Detroit, Michigan. Scott Legato | TAS23 | Getty Taylor Swift and AMC have collected the receipts and results are in: the Eras Tour concert film is the second-highest domestic opener of October
Yellow taxi cabs drive down a road in Senegal’s capital city of Dakar on Sept. 6, 2023. John Wessels | Afp | Getty Images BEIJING — An ambassador of an African country to China has criticized the International Monetary Fund and the World Bank for restrictive lending policies. “The problem is that the ratings we
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