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A Boeing 747 cargo freighter belonging to the Atlas Air flies into the clouds after lifting off from Hong Kong International Airport, on 23 October 2017, in Hong Kong, Hong Kong. S3studio | Getty Images Not all airlines are reeling from the coronavirus pandemic. Cargo airlines are cashing in on rush for medical supplies and
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Right Networks, provider of cloud hosting solutions, has acquired Rootworks, a firm improvement membership organization co-founded and run by Darren Root. The move adds a suite of new ways Right Networks can support firm clients, which is part of their strategy of services.Rootworks will continue to operate as an independent line of business within Right
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In normal times, June is not the month for tax professionals to consider tax strategies for current-year returns. Of course, these are not normal times. The government response to the coronavirus threat has included a panoply of legislation and agency actions that has opened up a number of opportunities for taxpayers to lessen their taxes
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Most countries’ individual income taxes have a progressive structure, meaning that the tax rate paid by individuals increases as they earn higher wages. The highest tax rate individuals pay differs significantly across European OECD countries—as shown in today’s map. The top individual income tax rate applies to the share of income that falls into the
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A driver adjusts his face mask as Uber and Lyft drivers with Rideshare Drivers United and the Transport Workers Union of America conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California. (Photo by Mario Tama/Getty Images) Mario Tama Self-employed workers trying to
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Financial executives are taking a two-phase approach to managing coronavirus issues that face their companies, according to a new survey. The Quarterly Priorities Survey from Financial Executives International’s Financial Education & Research Foundation asked a group of 228 senior finance execs about how their organizations have been dealing with the COVID-19 pandemic during the first
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The Internal Revenue Service has posted information on how people who weren’t supposed to receive their economic impact payments for the novel coronavirus pandemic should return the money. The CARES Act, the $2.2 trillion stimulus package that Congress passed last month, included provisions for sending economic impact payments of at least $1,200 to individuals, and
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CNBC’s Jim Cramer said Monday that legendary investor Warren Buffett gave “no hope near term” in his annual shareholders meeting on Saturday with his sale of airline stocks. “Buffett’s overview on airlines really does make me very concerned about the near term,” Cramer said on “Squawk on the Street.”  The billionaire investor said Saturday that
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CNBC’s Jim Cramer said Wednesday that investors cannot ignore the rising popularity of plant-based meat products.  “This movement is happening. You’ve got to get on the bus or … get left behind,” Cramer said on “Squawk on the Street.”  Cramer acknowledged there are not huge sales just yet for a company like Beyond Meat, which after-the-bell Tuesday
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As we continue to look at tax types that can harm states’ post-coronavirus recovery, it’s worth highlighting taxes on business inventory. Inventory taxes fall under the umbrella of the property tax, which is the largest tax paid by businesses at the state and local levels. In addition to taxes on the value of buildings and land, businesses