Sen. Schumer urged Congress to craft a stricter definition of inversion and enact a ban on "earnings stripping." Earnings stripping? You'll love this. Earnings stripping refers to a practice by which a foreign-based parent corporation loans large sums to -- wait for it -- itself.
In a move apparently to be more progressive, Burger King recently changed its motto from "have it your way" to "be your way." But the company's recent decision to merge with Tim Hortons and move its headquarters to Canada, which reportedly could score tax reductions for the company, is downright regressive.
I know, it's a busy time of year. You're back from the summer holidays. Orders need to get out the door. Projects need to be done. Budgets need to be ...
Keeping wealth can be just as much of a challenge as growing it in the first place. All of these are solid ideas you can implement today.
When it comes to income taxes, many people think only of the money they earn in a paycheck. But the reality is that there are many other types of income that are subject to ordinary income taxes. And all of that income, in turn, can trigger taxes on Social Security benefits.
April 15th isn't the only deadline you need to keep in mind when it comes to staying on top of your taxes. Truly savvy planners also watch for December 31st, which is the cutoff to make some clever moves to maximize your savings come tax-time.
In a market economy, the median voter's income will invariably be below the national average creating an apparently compelling opportunity for a politics of redistribution. This makes the sustained increase in income inequality in the United States and other developed countries a bit of a puzzle.
The NFL's history of protecting thugs and hiding brain injuries is inexcusable. But the real outrage is that taxpayers are funding the construction of coliseums so that bruisers can smash each other in the mouth and billionaires can get richer.
Now Burger King is asking us to swallow something even unhealthier than their food and lower than their pay. They are asking us to let them off from paying many of the taxes that sustain the very infrastructure, courts, education system and food safety system that enables them to stay in business.
Small businesses have been doing their part -- outperforming big business on the job creation front every month for the past year. But, they can do more if Washington will only step up and take a role in helping fuel this engine for growth.
It's easy to complain about less-than-perfect conditions in your home state. In some ways, the grass will always seem greener on the other side of the state line.
If you were uninsured and did not get health coverage by the March 31st deadline, what does this mean? And what are your options for purchasing health insurance? To break down what you need to know, here are the answers to your top health care questions.
Illinois has the lowest credit rating in the country, a budget that needs balancing and pensions that are millions of dollars underfunded. Illinois al...
By this date, in fact, our country at last will have to make the choices that it has stubbornly refused to make over the last 20 years, in spite of all the advice, the books and the talk.
Now that American icon Burger King has agreed to merge with Canadian coffee chain Tim Hortons in a blatant "screw you" to the U.S. Treasury, the trend of moving abroad to save on taxes seems to be catching on. The latest party to take advantage of this is infamous terror group ISIS.
When I heard about the death of Maria Fernandes, an exhausted worker who died while napping in her car between two of her four jobs, I felt an my immense sadness that quickly turned to anger. Maria was a victim of an economic condition that grinds up low-wage workers, particularly women.