Today’s map looks at a barrier to state tax competitiveness in a time of increasing mobility: capital stock taxes. Unlike corporate income taxes, which are levied on a business’s net income (or profit), capital stock taxes are imposed on a business’s net worth (or accumulated wealth). As such, the tax tends to penalize investment and requires businesses
People evacuated from the self-proclaimed Donetsk People’s Republic walk toward the Russian Emergency Ministry camp in the village of Veselo-Voznesenka on the Azov Sea coast, on February 19, 2022. Andrey Borodulin | Afp | Getty Images As the crisis in Ukraine unfolds, neighboring countries are closely monitoring the fallout. Nations across the globe have imposed
Jay Chaudry, founder and chief executive officer of Zscaler Inc. David Paul Morris | Bloomberg | Getty Images Cybersecurity software maker Zscaler saw its stock fall as much as 18% on Thursday after the company issued quarterly earnings guidance that was slightly less than analysts had predicted. The move more than erased a 10% gain
The world’s leading private equity firm suggests the U.S. the ultimate safe haven play. According to Blackstone’s Joseph Zidle, it’s largely insulated from the Russia-Ukraine war fallout. “The U.S. is an island of growth,” the firm’s chief investment strategist told CNBC’s “Fast Money” on Thursday. “The U.S. is one of the only major economies in
Valeriy_G | iStock | Getty Images Married couples have the choice to file taxes jointly or separately every season. While filing together generally pays off, splitting returns may be better in some scenarios, financial experts say. Married filing separately involves two individual returns, each reporting their own income, deductions and credits. And the tax code
Both taxpayers and the IRS will face some unique challenges when filing and processing federal tax returns for tax year 2021. To help you out, here are five tips that will help you avoid delays and ensure a smoother tax filing process for both sides. 1. Collect all tax documents before filing To file the
CNBC’s Jim Cramer offered reasons for Wall Street’s wild reversal Thursday, with the major U.S. stock indexes shaking off steep losses early in the session related to Russia’s invasion of Ukraine and finishing in the green. “We’ve had ages to figure out that Russia would invade Ukraine. Our government has been warning us about this
In this article BYND Packages of Beyond Meat Inc.’s plant based meat products, Beyond Burger and Beyond Sausage, are displayed at a supermarket on November 19, 2020 in Katwijk, Netherlands Yuriko Nakao | Getty Images Beyond Meat on Thursday reported a wider-than-expected loss and shrinking revenue for its fourth quarter. Shares of the company fell
Stock futures fell in overnight trading Thursday following a sharp reversal on Wall Street as investors continued to assess the risks stemming from Russia’s invasion of Ukraine. Futures on the Dow Jones Industrial Average dipped 120 points. S&P 500 futures fell 0.4% and Nasdaq 100 futures traded 0.5% lower. The market was initially spooked by
Klaus Vedfelt | DigitalVision | Getty Images Students who start college in the U.K. next year could still be repaying student loans into their sixties, under new plans announced by the British government on Thursday. The U.K. government announced a number of reforms into university financing on Thursday, which included extending the student loan repayment
Satellite imagery of the Chuhuiv Airbase outside of Kharkiv, Ukraine on Feb. 21, 2022. Planet Labs PBC Satellite imagery gives another perspective on the developing situation in Ukraine, as Russian troops move into the country and strikes occur in multiple Ukrainian cities. Russia launched an unprecedented invasion early on Thursday, with reports showing attacks by
Marko Geber | DigitalVision | Getty Images U.S. stocks whiplashed Thursday following Russia’s attack on Ukraine as investors fled risk assets and turned towards safe havens such as gold. It can be a difficult time for investors who have been used to seeing markets gain and are now dealing with volatility that comes with global