Unilever, Britain’s third-biggest company, will scrap its London corporate headquarters and make Rotterdam its sole legal home in a blow to Prime Minister Theresa May’s government ahead of Brexit. The maker of Dove soap and Ben & Jerry’s ice cream last year announced a review of its dual-headed structure after fighting off a $143 billion
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Larry Kudlow may not be the best person to serve as PresidentDonald Trump‘s top economic advisor, said David Stockman, former director at the Office of Management and Budget under President Ronald Reagan. “He’s going to help Trump sleepwalk right into a tremendous fiscal collision,” Stockman said on “Closing Bell.” Stockman, who was Kudlow’s boss when
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The program was launched in 2009 and has undergone various iterations. Since its inception, more than 56,000 taxpayers have come forward to report overseas accounts they previously had not disclosed. While most of those taxpayers have avoided substantial fines and criminal charges by reporting their foreign holdings, they have paid $11.1 billion collectively in back
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President Donald Trump’s administration is considering a trade package including indefinite tariffs, investment restrictions and possible visa restrictions on Chinese travelers, a source told CNBC Tuesday. The new package was crafted in response to the findings from a recent investigation of China by U.S. Trade Representative Robert Lighthizer. The so-called Section 301 investigation was formed
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Beyond volatility, people will also have to convert their cryptocurrencies into cash to use their earnings since, of course, most establishments don’t accept bitcoin. That means paying unpredictable transactions fees and, since the IRS considers cryptocurrencies a property, paying taxes at their capital gains rate each time they use their bitcoins or ripples. They’ll also,
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The CEO of the VW Group said President Donald Trump’s threat to punish German carmakers is a major concern for his company. In a speech in Pittsburgh, Saturday, Trump called on the European Union to “open up the barriers and get rid of your tariffs. And if you don’t, we’re going to tax Mercedes-Benz, we’re
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The next step is for them to work with an advisor whose experience, business model, training and education allow clients to believe absolutely in their advisors’ objectivity and professionalism in managing their portfolios, he added. “There is no behavior that is irrational around investing when we understand [clients’] underlying thoughts and beliefs,” said Rick Kahler,
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Banks have to be like technology companies, the CEO of Southeast Asia’s largest lender said on Tuesday, amid rising competition from rivals such as Chinese tech giant Alibaba with its rapidly growing financial services. This means that banks have to do a few things: “Embrace” the same technology as they do, and change their culture
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