Wealth

In an interview with CNBC on Friday, White House economic czar Gary Cohn said that the main beneficiaries of a planned corporate-tax cut are workers. Touting the benefits of cutting the corporate-tax rate, he said it’s not just rich investors who stand to gain. He said pensions own most of the corporate stocks in the
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Japan, the United Kingdom, and several other countries have adopted a system known as “precision withholding” that lets taxpayers avoid filing any kind of tax return at all. The tax return, at the end of the day, is an anachronistic legacy of the old days of paper record-keeping when it wouldn’t have been feasible to
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At times, she said, she languished in virtual detention after Guo’s staff confiscated her smartphone, computer, passport and keys and forbade her from leaving her room in his luxury apartment in the high-end London neighborhood of Belgravia. To prove her case, the woman surreptitiously met a lawyer friend in London earlier this year to give
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Fraud is becoming a bigger threat to your retirement security — even if you think you’re too sharp to fall for a scam. One 2015 report estimated that older Americans lose $36.5 billion each year to financial scams and abuse. The problem is growing, and researchers say older adults experiencing cognitive decline are just a
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Russian aluminium giant Rusal reported a 48 percent rise in second-quarter core earnings on Friday due to a higher aluminium price, and pointed to a positive outlook for the second half as supply in China tightens. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $510 million from $344 million in the same quarter
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However, the UBS report says the 3 percent knock to earnings is not disastrous as euro zone company earnings are up strongly this year. “Additionally, there have been periods in the past of euro strength coinciding with decent European eps as it can signal a stronger domestic economy. Consensus estimates for 2017 EPS growth, currently
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The Los Angeles Times reported that the power couple is getting a mortgage of $52.8 million for their $88 million purchase of a newly built, 30,000-square-foot mansion. The deal is the most expensive home sale of the year in LA, topping an $85 million sale in Malibu. Forbes recently declared the couple as billionaires, with
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There was “no single moment” that made her want to quit, but speaking with fintech entrepreneurs in Australia and the United States gave her a realization of how she wanted to change retail banking. “I started thinking about a bank that really focused on doing a couple of things well, that was all about everyday
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Following moves by China and Japan to regulate digital currencies, Australia is attempting to crackdown on money laundering and terrorism financing with plans to regulate bitcoin exchanges. “The threat of serious financial crime is constantly evolving, as new technologies emerge and criminals seek to nefariously exploit them. These measures ensure there is nowhere for criminals
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President Donald Trump‘s pledge to “Make America Great Again” requires nothing less than reigniting economic growth and prosperity. Wealth creation is essential. Yet as Congress pivots to tax reform — which is crucial to the wealth creation that will put the nation back on the prosperous path — the president can take matters into his
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