U.K., Russia Offer Lowest Rates of Corporate Tax, Study Finds
published May 8th 2016, 6:01 pm, by Esteban Duarte (Bloomberg) — Russia and the U.K. give companies the lowest effective tax rates among the world’s leading economies, according to a report by UHY, a network of auditors and consulting firms. Companies in Russia pay corporate tax at 20 percent while
Trump Says Middle-Class Tax Cut Is ‘Floor’ for Talks in Congress
published May 8th 2016, 2:15 pm, by Ben Brody (Bloomberg) — Presumptive Republican presidential nominee Donald Trump said his chief economic concern is giving the middle class a sizable tax cut, while other proposals, including lowering taxes on businesses and the wealthy, were starting points for negotiation. “I have to
Obama Intensifies Push for Broader Onshore Ownership Disclosure
published May 5th 2016, 8:00 pm, by Alan Katz, Jesse Drucker, Angela Greiling Keane and David Kocieniewski (Bloomberg) — The Obama administration renewed its push Thursday to make it harder for people to hide money in the U.S., jumping on momentum created by the release of leaked Panama legal documents
Trump Names Dune Capital’s Mnuchin as National Finance Chairman
published May 5th 2016, 2:16 pm, by Jennifer Jacobs and Dakin Campbell (Bloomberg) —Just two days after locking up the Republican presidential nomination, Donald Trump is moving quickly to build a fundraising operation capable of reeling in hundreds of millions of dollars he’ll need to win the White House. Heading up
Don’t Disrespect the U.S. Vice Presidency: Albert R. Hunt
published May 5th 2016, 2:43 pm, by Albert R. Hunt (Bloomberg View) —Will Hillary Clinton pick Senator Sherrod Brown as her running mate to carry his home state of Ohio or turn to Senator Elizabeth Warren, flame-thrower of the Democratic left, to energize Bernie Sanders fans? Will Donald Trump tap
Europe’s Haters Aren’t So Focused on the Jews: Leonid Bershidsky
published May 4th 2016, 1:25 pm, by Leonid Bershidsky (Bloomberg View) —The record influx of Muslim refugees last year coincided with a sharp decline in the number of violent anti-Semitic incidents in major European countries, many of which bore the brunt of the refugee crisis. The wave of so-called new
Trump’s Triumph Leaves Many Republicans at a Loss for Words
published May 4th 2016, 7:52 pm, by Laura Litvan (Bloomberg) —On a day when Republicans in Congress would normally be rallying around their new presumptive presidential nominee, there was instead mostly silence or awkward tap-dancing around Donald Trump’s triumph. Senator Susan Collins of Maine told a home-state radio station on
Soaring U.S. Gasoline Demand Isn’t Enough to Stop Supply Glut
published May 4th 2016, 8:23 pm, by Meenal Vamburkar and Laura Blewitt (Bloomberg) —The biggest increase in U.S. gasoline demand in almost 40 years hasn’t been enough to keep storage tanks from filling up. Gasoline imports into the U.S. East Coast are near the highest in seven months and American
Give Cold War Nuclear Missiles a New Life: Editorial
published May 3rd 2016, 3:55 pm, by The Editors (Bloomberg View) —In the tradition of turning swords into plowshares, it’s an appealing idea: converting the U.S.’s ballistic missiles into rockets for civilian space transport. It’s also a sensible one — and Congress should change the law to make it happen. For
Here’s What Usually Happens to Stocks in Years Like 2016
published May 3rd 2016, 4:01 pm, by Julie Verhage (Bloomberg) —Despite the huge comeback in the S&P 500, investors remain skeptical of the bull rally. If history is any guide, they shouldn’t be so worried. Bespoke Investment Group took a look at previous years that closely resemble the big drop, and