Key Findings Central administration of local taxes is a common feature of sales taxes but is less common for income, tourism, and other local taxes. Absent centralized administration, localities increase their administrative costs, impose substantial additional compliance costs on businesses, and reduce overall levels of compliance. A patchwork approach to local tax administration is particularly
Month: December 2022
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT GMC vehicles sit on display at the Sterling McCall Buick GMC dealership on February 02, 2022 in Houston, Texas. Brandon Bell | Getty Images DETROIT – General Motors may be transitioning to an all-electric future, but its recent vehicle fleet ranked among the least efficient
The Bahamas has more than 700 islands and cays; remote workers and students can live on 16 of them, including Eleuthera (shown here). Sylvain Sonnet | The Image Bank | Getty Images Bahhamian lawyers say FTX executives Sam Bankman-Fried and Ryan Salame spent $256.3 million spent to buy and maintain 35 different properties across New
Getty Images If you’re eager to file your 2022 tax return in January or early February, the IRS has a warning: You’ll need to wait for “key documents” before filing in 2023. In a release last week, the IRS urged “early filers” to watch for Form 1099-K, which reports income for third-party payment networks such
A look into FTX and Silvergate Capital Corporation.
The Federal Reserve is expected on Wednesday to raise interest rates for the seventh time this year to combat stubborn inflation. The U.S. central bank will likely approve a 0.5 percentage point hike, a more typical pace compared with the super-size 75 basis point moves at each of the last four meetings. This would push
In this photo illustration, packs of menthol cigarettes sits on a table in New York City. Drew Angerer | Getty Images The Supreme Court on Monday rejected a bid from the tobacco industry to block a California ban on flavored tobacco products. The ban, or Proposition 31, was overwhelmingly approved by voters in November and
In this article ORCL Follow your favorite stocksCREATE FREE ACCOUNT Safra Catz, Oracle’s CEO and then one of Oracle’s two co-CEOs, smiles during Oracle’s OpenWorld conference in San Francisco on, Sept. 20, 2016. David Paul Morris | Bloomberg | Getty Images Oracle shares rose as much as 4% in extended trading on Monday after the
In this article MC-FR TWTR TSLA Follow your favorite stocksCREATE FREE ACCOUNT SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Blake | Reuters Tesla CEO Elon Musk is no longer the
In this article BMO-CA TRMB ORCL Follow your favorite stocksCREATE FREE ACCOUNT A sign is posted in front of Oracle headquarters on December 12, 2022 in Redwood Shores, California. Oracle will report second quarter earnings today after the closing bell. Justin Sullivan | Getty Images Check out the companies making headlines after the bell: Oracle
HOUSTON, TEXAS – AUGUST 29: Students study in the Rice University Library on August 29, 2022 in Houston, Texas. Brandon Bell | Getty Images News | Getty Images After President Joe Biden’s historic announcement that tens of millions of Americans would get up to $20,000 in student loan forgiveness, borrowers’ celebrations were short-lived. Conservative groups
The Bank of England started a bond-buying program last month to stabilize financial markets. But its plan to end the program this Friday is only making investors more nervous. British financial markets plunged into turmoil on Wednesday following mixed messages over whether the Bank of England would continue to provide support to pension funds and
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