News
Canada’s Higher Sales Tax Credit for Groceries Is the Wrong Fix
2+ hour, 20+ min ago (789+ words) Canadian Prime Minister Mark Carney's plan to increase a goods-and-services tax credit to offset existing taxes on basic groceries appears to be a political response to voters' concerns about the growing cost of living. The government is framing the GST…...
Ireland Must Build up Fiscal Buffers, Central Bank Chief Says
2+ day, 3+ hour ago (110+ words) Ireland Must Build up Fiscal Buffers, Central Bank Chief Says'news.bloombergtax.com The Irish government should save more of its windfall from corporate taxes to make the public finances less vulnerable to future shocks, Central Bank of Ireland Governor Gabriel…...
Trump Picks a Reinvented Warsh to Lead the Federal Reserve (3)
1+ week, 6+ day ago (1031+ words) I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best," Trump wrote. On top of everything else, he is "central casting,…...
Revival of the Wealth Tax May Prompt Constitutional Challenges
1+ mon, 1+ week ago (888+ words) This coming year will reveal whether the revival of the wealth tax remains symbolic or becomes structural. Expect congressional hearings on mark-to-market taxation, renewed state-level proposals, and inevitable constitutional challenges'possibly fast-tracked to the Supreme Court. The movement may already have…...
Summers Warns US Likely Headed to Recession, 2 Million Jobless
10+ mon, 4+ day ago (171+ words) Former Treasury Secretary Lawrence Summers warned that the US is now likely headed toward a recession, with potentially 2 million Americans put out of work, thanks to the tariff increases now in train. Former Treasury Secretary Lawrence Summers warned that the…...