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U.S. Senate Majority Leader Chuck Schumer, D-N.Y. Brandon Bell | Reuters The Senate’s top Democrat, Chuck Schumer of New York, along with Sen. Elizabeth Warren, D-Mass., and other Democratic legislators on Thursday, introduced a resolution again calling on the White House to forgive $50,000 in student debt for all borrowers by executive action. “During a
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February 4, 2021 5 min read Opinions expressed by Entrepreneur contributors are their own. For the first time since the global health crisis infiltrated every aspect of life and work, it’s now possible for small-business leaders to see the outlines of recovery and an economic rebound.  And while we typically think of business leaders as
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This week, the Treasury Department added several new appointees as staffing continues following President Biden’s inauguration. Among them were three scholars of international tax policy: economist Kimberly Clausing and law professors Rebecca Kysar and Itai Grinberg. These three will be influential in developing the administration’s approach to changing U.S. tax rules for multinational corporations and
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Stash co-founders, Brandon Krieg and Ed Robinson. Source: Stash Stock-trading app Stash plans to announce a $125 million venture investment to help fuel customer growth. But it’s not looking to attract the type of trader who might bet on GameStop. The New York-based company will announce a Series G funding round Wednesday, led by Eldridge
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Capitol dome Congress Mark Makela | Getty Images News | Getty Images President Joe Biden and congressional Democrats are hoping to pass $1.9 trillion of additional pandemic relief, including extra jobless benefits. Still, many unemployed workers haven’t yet gotten benefit payments from the last stimulus package, which former President Trump signed more than a month
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The International Financial Reporting Standards Foundation may present a proposal to the United Nations in November for setting up a global sustainability standards board. The IFRS Foundation, which oversees the International Accounting Standards Board, held a trustees meeting on Monday to discuss the feedback it received in response to a consultation paper it issued last
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Coronavirus-related government policies and regulations that could affect business performance ranked as the top risk cited by board members and C suite executives, according to a new survey. The annual survey, released Wednesday by the consulting firm Protiviti and North Carolina State University, ranks the top 10 risks seen by 1,081 business executives in different
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Key Findings Forty-four states levy a corporate income tax. Rates range from 2.5 percent in North Carolina to 11.5 percent in New Jersey. Six states—Alaska, Illinois, Iowa, Minnesota, New Jersey, and Pennsylvania—levy top marginal corporate income tax rates of 9 percent or higher. Ten states—Arizona, Colorado, Florida, Kentucky, Mississippi, Missouri, North Carolina, North Dakota, South
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An epic battle is unfolding on Wall Street, with a cast of characters clashing over the fate of GameStop, a struggling chain of video game retail stores. The conflict has sent GameStop on a stomach-churning ride with amateur investors taking on the financial establishment in the mindset of the Occupy Wall Street movement launched a
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Fun and Gamestop; SECURE and taxable inheritances; over-communication; and other highlights from our favorite tax bloggers. That’s a big 1040 TaxPro Center (https://proconnect.intuit.com/taxprocenter/): February 2021 tax and compliance deadlines. Don’t Mess with Taxes (http://dontmesswithtaxes.typepad.com/): Size does matter. The bigger-is-better trend started in just the second year of tax reform, which was what prompted the overhaul
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The Public Company Accounting Oversight Board released its annual inspection reports Tuesday for the Big Four firms, along with eight other firms that are inspected each year. For PricewaterhouseCoopers, 18 of the 60 audits inspected in 2019 were included in a section of the report that spotlights significant deficiencies. For KPMG, 17 of the 58
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