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Author: Finance Press
Understanding Your Californian Tax Liabilities
All governments around the world need sustainable funding to foster economic and social growth of the country.Taxation is the primary means to finance these developments and meet their strategic economic aims. Taxation not only acts …
Trump lawyers call Congress’ demands for his tax returns, financial statements ‘unconstitutional’
Lawyers for President Trump called Congress’s demands for his tax returns unconstitutional Wednesday, urging a federal judge to block a House Oversight Committee subpoena for years of his financial statements. In a 24-page filing, Trump’s …
Dow rises more than 200 points, posts best day in a month to claw back some of Monday’s drop
Stocks rose on Tuesday, regaining some of the sharp losses from the previous session, as investors weighed the impact of the escalating trade war between the United States and China. The Dow Jones Industrial Average rose 207.06 …
Judge fast-tracks fight over congressional subpoena of Trump financial records
Washington (CNN)Congress and Donald Trump’s fight over his financial records is now on the fast track. Judge Amit Mehta plans next week to weigh the major legal issues raised in President Donald Trump’s challenge of a congressional …
The Gist of US Taxation Applicable to Non-Grantor Trusts and US Beneficiaries
The US tax rules places non-US (ie foreign) trusts into two boxes: grantor trusts and non-grantor trusts. The US tax rules for grantor trusts are quite easy if the trust is established by a non-US …
New Fintech Hubs That are Dominating the Traditional Ones
Taking financial technologies or what is better known as ‘fintech’ in a single frame; it is quite evident that fintech has become one of the most valued emerging industries in the world. In fact, it’s …
Stock Strategist Who Nailed 2018 Says Recession Bell Is Ringing
(Bloomberg) – After a tumultuous week ended on an up note, it seemed U.S. stocks might escape the trade spat with only bruises. Then came Monday, when the biggest sell-off in four months more than …
4 reasons why forgiving U.S. student debt makes sense
The student loan system is $1.5 trillion mess that has attracted a ton of attention from policymakers to presidential candidates, with Sen. Elizabeth Warren (D-MA) proposing to cancel large amounts of outstanding debt. That kind of debt relief would have clear …
Bitcoin Threatens To ‘Take Power’ From The U.S. Federal Reserve
Bitcoin, which has roared back over the last few weeks after what many feared was a terminal decline since its peak in late 2017, has long been called a threat to the existing financial system and …