tax

Consumer

The Airline Industry Would Rather You Didn’t Know How Well It’s Doing

Photo by Nick Morales via Unsplash

The industry just boosted its profit forecast for 2024 but warns that return on invested capital hurts the chance for sustainable profits.

1 min read
Electric Vehicles

Biden Reportedly Planning a 100% Tariff on Chinese EVs

Photo by Michael Förtsch via Unsplash

But the ramped-up protectionist wave hasn’t extended to investor interest in new shares of Chinese companies.

2 min read
Politics

Biden Administration Has Been a Net Tax-Cutter, Study Finds

Photo by Gage Skidmore via CC BY-SA 2.0

A new report says the president has effectively lowered the nation’s total tax burden by $600 billion over his term so far.

2 min read
Regulation

Biden Wants to Tax Private Jets

Photo by Katie Cerami via Pexels

The Biden administration is pushing hard to put an end to cushy tax breaks companies can accrue from private jets.

2 min read
Policy & Power

Biden Proposes Boosting Minimum Tax Rate on Big Corporations

Photo by Gage Skidmore via CC BY-SA 2.0

During Thursday’s State of the Union address, President Biden proposed increasing minimum tax rates for billionaires and large corporations.

1 min read
OP-ED | Power Corridor

The King’s Conundrum

Photo by Katie Chan via CC BY-SA 4.0

If tax havens refuse to change, then what can stop them?

3 min read
Power Corridor

After Stormy Waters, Will Fed Get A Glide Path?

Why it’s still a tightrope-walk to an economic soft landing.

4 min read
Big Tech

Amazon Scores Big Win in EU Tax Fight

Photo by Anirudh via Unsplash

In a prime legal win for Amazon, the European Union’s top court ruled that it does not have to pay €250 million in alleged back taxes.

2 min read
Power Corridor

El Niño Ravages Land and Sea, Slamming Markets

Climate change is colliding with another phenomenon called El Niño – and the results are already far-reaching, global, devastating.

6 min read
OP-ED | Power Corridor

‘If You’re So Smart, Why Aren’t You Rich?’

It sounds like something a gunslinging, billionaire hedge fund manager might say. And it is. Ray Dalio, founder of the highly secretive, $100 billion…

2 min read
Power Corridor

What’s Afoot At the FDIC?

Photo by the Center for American Progress Action Fund under CC BY-ND 2.0

It’s not every day that you wake up to headlines about one of the nation’s most staid-and-storied institutions – really, the cornerstone upon…

4 min read
Power Corridor

House’s Two-Step Shuffle

Alabama Republican Rep. Mike Johnson, in the first big test of his leadership as House Speaker, led the charge to push through an extremely unique…

1 min read
Economics

Small Businesses Stall Amid Higher-for-Longer Interest Rates

(Photo by Blake Wisz on Unsplash)

In a Goldman Sachs survey of more than 1,200 small businesses, 53% said they can’t afford to take out loans at their current rates.

1 min read
Power Corridor

Fed’s Tea Leaves Get Murkier

Photo by Federal Reserve Board of Governors under Public Domain Mark 1.0

The U.S. Federal Reserve is all but certain to hold interest rates steady Wednesday, but the economy is still scorching – beating expectations in…

2 min read
OP-ED | Power Corridor

Once and For All, Is It Spending…Or Taxes?

America’s debt clock is ticking – the nation’s debt is at around $33.7 trillion and its deficit, in the latest fiscal year, has effectively…

4 min read
OP-ED | Power Corridor

The Battle Hymn of Billionaire John Paulson

John Paulson, of “The Greatest Trade Ever” fame, is suing a former business partner tasked with running an investment empire for Paulson valued at…

2 min read
International Economics

Ireland Is Launching a Sovereign Wealth Fund

(Photo by Aboodi Vesakaran on Unsplash)

On Tuesday, Ireland said it wants to leverage its corporate tax revenue from tech giants to create a sovereign wealth fund.

1 min read
Power Corridor

Chasing Up Russian Yachts and Mansions Proving Pricey

Photo by Gillfoto under CC BY-SA 4.0

The West’s economic war on Russia is producing a massive taxpayer tab.

3 min read
OP-ED | Power Corridor

A Mountain of Public Money Awaits U.S. Presidential Candidates

Photo by Edoardo Cuoghi and Alexander Grey on Unsplash

The Presidential Campaign Fund’s Hidden Impact on Elections and Beyond.

6 min read
International Economics

African Nations are Pushing for the World’s Top Polluters to Pay Up

(Photo by Maxim Tolchinskiy on Unsplash)

2 min read