The underfunded Internal Revenue Service has been relying on ancient technology to generate paper audits that target tax benefits, such as the Earned Income Tax Credit, for lower-income households. Th...
Tag: Burden
China’s foreign loans are becoming a US burden
When the pandemic threw low-income countries into distress in 2020, China initially appeared to be part of the solution, delivering more debt relief than any other lender to coronavirus-hit countries....
EU eases regulatory burden for crypto smart contracts in draft legislation
The European Union’s plans to regulate crypto smart contracts, the infrastructural underpinnings of decentralized finance, look to be heading in a less onerous direction. After lawmakers ...
DCG scrambling to raise funds to cover Genesis’ $3B debt burden
Embattled crypto lender Genesis owes over $3 billion to its creditors, the Financial Times reported on Jan. 12, citing sources familiar with the matter. The lender owes $900 million to users of Gemini...
Tupperware stock craters after company warns its debt burden may force it out of business
Tupperware Brands Corp. stock tumbled 41% Wednesday, after the maker of food storage products missed third-quarter earnings expectations, warned it may go out of business, and conceded that some of it...
US home prices fall for first time in a decade as rate hikes burden the economy
Demand destruction started to creep up after the Federal Reserve (Fed) aggressively raised interest rates. For the first time in almost ten years, this demand destruction is becoming evident in the re...
Understanding The True Burden Of Debt To Your Financial Freedom
getty Far too many people aren’t set up for retirement. There are a number of reasons that contribute to this, but one of the leading obstacles to achieving financial freedom is, unsurprisingly, debt....
Could Electric Cars Save Ailing Aston Martin, As It Shakes Off Debt Burden?
James Bonds Aston Martin at the World Premiere of “NO TIME TO DIE”. (Photo by Tristan Fewings/Getty … [+] Images for EON Productions, Metro-Goldwyn-Mayer Studios, and Universal Pictu...
Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners – Mining Bitcoin News
President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the amount and average pri...
How to Minimize Your Heirs’ Tax Burden on Inherited IRAs and 401(k)s
The stretch-IRA strategy largely went away after the Secure Act of 2019, leaving heirs less maneuverability on taxes. Financial pros have some solutions. Illustration by Barron’s: Dreamstime(5) ...
India Clarifies Stance On Crypto Tax. A Smart Move or Massive Burden?
In a detailed guideline, the Ministry Of Finance provided further details on the 1% TDS applicable to the transfer of cryptocurrencies. The rule will apply to all considerations which exceed Rs. 50,00...
Elon Musk Has a Bigger Problem Than Twitter Bots: A Huge Debt Burden
(Bloomberg) — Elon Musk may be directing his buyer’s remorse at Twitter Inc.’s bot problem. But underpinning the deal is a $13 billion debt bill that’s looking like a bigger burden by the day. M...
The Uneven Burden Of U.S. Maternal Mortality [Infographic]
Ahead of Mother’s Day this Sunday, women in the U.S. received potentially life-altering news when Politico reported it had obtained a draft opinion by the U.S. Supreme Court aimed at overturning...
San Francisco 49ers’ Day 2 Draft Picks Could Ease Burden On Deebo Samuel
BATON ROUGE, LOUISIANA – OCTOBER 16: Tyrion Davis-Price #3 of the LSU Tigers runs with the ball … [+] during the first half against the Florida Gators at Tiger Stadium on October 16, 2021 ...
White House announces measures to reduce the burden of medical debt
After recently overhauling a “glitch” in the Affordable Care Act (ACA), the Biden administration is now addressing another issue plaguing the American health care system: medical debt. On ...
Thailand Set To Become Crypto Paradise After Relaxing Crypto Tax Burden For Investors ⋆ ZyCrypto
Advertisement     Minutes of Thailand’s finance cabinet meeting were released. The government plans tax relief and exemptions for the crypto industry. It hopes that t...
New Bipartisan Tax Bill to Alleviate IRS Reporting Burden
The new tax bill removes the burden of reporting micropayment transactions during the tax season in the U.S. Representative Suzan DelBene and David Schweikert have submitted a bill regarding a tenable...
China’s zero-Covid policy a burden to domestic and global economy
The International Monetary Fund’s managing director said Friday that China’s zero-Covid policy is increasingly looking like a “burden,” which is impinging economic recovery bot...
AMC takes aim at massive debt burden with ‘APE’ special dividend
AMC Entertainment Holdings Inc. took Wall Street by surprise with the announcement of its “APE” special dividend after market close on Thursday. This, of course, is a company that is no stranger to bo...