President Biden has privately pitched dropping his proposed 28 percent corporate tax rate from an infrastructure package and funding it through his proposed minimum tax on corporate book income. However, the proposal for a minimum book tax misunderstands the important reasons why a corporation may not owe federal tax liability in a given year. Recently,
In this article DAL UAL A United Airlines Boeing 777-200ER plane is towed as an American Airlines Boeing 737 plane departs from O’Hare International Airport in Chicago, Illinois. Kamil Krzaczynski | Reuters United Airlines this month will start requiring new hires to show proof that they have been vaccinated against Covid-19, following a similar move
Nayib Bukele, El Salvador’s president, delivers a speech to Congress at the Legislative Assembly building in San Salvador, El Salvador, on Tuesday, June 1, 2021. Photographer: Camilo Freedman/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images MIAMI — El Salvador is looking to introduce legislation that will make it the world’s first sovereign nation
In this article VIV-FR PSTH Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman’s blank-check company Pershing Square Tontine Holdings (PSTH) confirmed Friday it was in talks to buy 10% of Universal Music Group for around $4 billion. The deal values Universal Music at 35 billion
The Money Plot by Frederick Kaufman Source: Other Press What is money? Why do we need it? These are some of the big questions writer Frederick Kaufman explores in his book “The Money Plot: A History of Currency’s Power to Enchant, Control, and Manipulate,” which was published in the thick of the pandemic. Kaufman, a
Montana adopted structural reforms to both individual and corporate income taxes during the recently adjourned legislative session, enacting three bills reducing individual tax rates, simplifying the state’s individual tax system, repealing 16 tax credits, and changing the apportionment factor for corporate income tax. This tax reform package, signed by Gov. Greg Gianforte (R) in early
Dr. Anthony Fauci, Director at the National Institute Of Allergy and Infectious Diseases attends a U.S. Senate Health, Education, Labor, and Pensions Committee hearing to examine the COVID-19 response, focusing on an update from federal officials, on Capitol Hill in Washington, March 18, 2021. Anna Moneymaker | Pool | Reuters On April 12, 2020, an
Britain’s Chancellor of the Exchequer Rishi Sunak (from left), U.S. Treasury Secretary Janet Yellen, Managing Director of the IMF Kristalina Georgieva and Canada’s Finance Minister Chrystia Freeland chatting on the first day of the Group of Seven Finance Ministers Meeting at Lancaster House in London on June 4, 2021. Stefan Rousseau | AFP | Getty
Elmont, N.Y.: Manuel Franco riding Tiz the Law wins first place during the Belmont Stakes at Belmont Park in Elmont, New York on June 20, 2020. Steve Pfost | Newsday | Getty Images Kevin Richardson grew up in West Baltimore and credits horse racing with keeping him out of trouble. He started out cleaning stalls
In this article AMC Closed signs are seen on an AMC Theatre during the outbreak of the coronavirus disease (COVID-19), in New York City, April 29, 2020. Brendan McDermid | Reuters Investment firm Mudrick Capital has exited both its debt and equity positions in AMC Entertainment, sources tell CNBC’s David Faber, as the theater chain’s
Chef Matt Bolus Source: Kelli LaMatia Like many restaurant owners, Matt Bolus, executive chef of The 404 Kitchen in Nashville, had to get creative when the city shut down due to Covid-19 mandates last spring. He kept some of his core staff busy by cooking meals for the local food bank, private dinners and other
Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Instead of jumping to a conclusion about the post-Covid consumer, revert back to one that psychology studies educated us on long before the pandemic. Individuals don’t change habits easily,
In this article TGT WMT Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales surged during the coronavirus pandemic. VIEW press | Corbis News | Getty Images Walmart said Friday that its stores will be closed on Thanksgiving
May’s job gains were “solid” but not enough to change the direction of monetary policy, Cleveland Fed President Loretta Mester told CNBC. “Bottom line, I would like to see further progress than where we are right now,” Mester told CNBC’s Steve Liesman during a live “Squawk on the Street” interview Friday. The Labor Department reported
Aleksandr Sumarokov / EyeEm | EyeEm | Getty Images Some people believe the Reddit gang bidding up meme stocks like AMC won’t lead to ruin for themselves and that the movement is a positive thing for investing overall. They are claiming once again that “this time is different.” In 37 years, I have heard that
Dr. Scott Gottlieb pointed on Friday to the highly transmissible Covid-19 variants as a potential cause behind an increase in adolescents being hospitalized with the virus in March and April. “It’s concerning, the trends on hospitalizations” among teenagers, said Gottlieb, the former Food and Drug Administration chief during the Trump administration. “I think it’s a
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman said he expects to close his SPAC deal to buy 10% of Universal Music Group for around $4 billion later this month. Ackman’s blank-check company Pershing Square Tontine Holdings (PSTH) is likely to finish the transaction by June 22,
Billionaire Jack Dorsey, co-founder of Twitter and Square, is extremely bullish on the future of bitcoin, the largest cryptocurrency by market value. “Bitcoin changes absolutely everything,” Dorsey said Friday at the Bitcoin 2021 Conference. “I don’t think there is anything more important in my lifetime to work on.” In fact, “if I were not at
Starship prototype SN10 fires its three Raptor engines as it comes in for the landing. SpaceX The U.S. Air Force is expanding a small development program that wants to leverage reusable rockets, like those SpaceX is building, to deliver cargo quickly to anywhere in the world. Called Rocket Cargo, the experimental military program will be
Marcos Elihu Castillo Ramirez | iStock | Getty Images Medicare may not be top of mind if you’re nearing the eligibility age of 65 and already have health insurance through your employer. However, it probably deserves some attention. While not everyone must sign up, many are required to enroll unless they want to face life-lasting