BOSTON (Reuters) – For decades, New York bankers and fund managers have accepted the city’s high tax rates as part of the job in the world’s leading financial capital. FILE PHOTO: A …
Read More »The IRS wants to know everything about your Bitcoin holdings, and this subpoena is a reminder
The IRS wants Circle, a Boston-based fintech company that enables trading of various types of cryptocurrencies, to produce account registration information, account activity records, and other materials for clients who had at …
Read More »New York lawmakers move closer to a budget deal to increase corporate revenue and taxes by $ 4.3 billion
ALBANY, NY – New York Governor Andrew Cuomo and state lawmakers are closing in on a budget deal that would raise corporate and income taxes by $ 4.3 billion a year and …
Read More »US Treasury Yields Rise After Strong Jobs Report
US government bond yields rose after new data showed a big jump in hiring in March, giving investors more reason to be optimistic about the economic outlook. The yield on the benchmark …
Read More »Household spending in the US fell 1% in February
American households cut spending by 1% last month as cold weather hit much of the country, but they are poised to resume shopping as the pandemic slows and a new round of …
Read More »Support for carbon tax grows, except where it matters most
There is no more effective way for President Biden to meet his aggressive climate goals than a carbon tax. The timing seems right: His Secretary of the Treasury, Janet Yellen, has been …
Read More »Biden administration officials put together a $ 3 trillion economic plan
WASHINGTON – Administration officials are crafting a plan for a multi-party infrastructure and economic package that could cost up to $ 3 trillion and meet key elements of President Biden’s campaign agenda, …
Read More »High-income tax avoidance much higher than previously thought, new estimates on paper
WASHINGTON – The top of high-income Americans evade significantly more in income taxes than Internal Revenue Service methods had previously assumed, according to upcoming estimates from IRS researchers and academic economists. Overall, …
Read More »Pandemic leaves Italy digitally lagging struggling to catch up
MILAN (Reuters) – Small Italian car filter supplier Ecofiltri secured a state-backed loan last year, as did thousands of other companies struggling to stay afloat during the pandemic. General view of the …
Read More »US Treasury yields are stable, but end a week after the Fed allows the exemption from capital regulation to expire
U.S. Treasury yields mostly ended little changed on Friday, bouncing off overnight lows, but posted weekly gains after the Federal Reserve allowed regulatory relief to expire. banks’ capital requirements, fueling concerns that …
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