The Truth About Amazon, Food Stamps, and Tax Breaks

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Since the early 2000s, Amazon has quietly received more than $1.5 billion in government subsidies, in exchange for bringing new jobs to cities and states across the country. At the same time, low-wage employees at Amazon's grueling warehouses have sometimes had to rely on a different kind of government benefit, like the Supplemental Nutrition Assistance […]

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Putin Aide Proposes $7.5 Billion Tax Hike for Mining, Chemicals Sectors

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The top economic adviser to Russian President Vladimir Putin proposed raising taxes on mining companies, including MMC Norilsk Nickel PJSC and Alrosa PJSC, among the largest producers of nickel and diamonds. Additional budget revenues are needed to help pay for Putin’s promises to boost spending after his re-election this spring, according to the letter, which […]

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Les Moonves Has Nothing to Say to You People

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Today’s Agenda CBS's board is doing a not-great job. There's good news and bad news in the jobs report. Trump’s latest tax-cut scheme should be a non-starter. Elizabeth Warren has some advice for the SEC. Les Moonves has no comment. Great quarter.” Stop doing that! Matt Levine argues analysts aren’t paid for confrontational journalism, but rather […]

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Trump and Kim Can Learn a Thing or Two From Singapore

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U.S. President Donald Trump and North Korean leader Kim Jong Un are spending such a short amount of time in Singapore this week. Maybe they should stick around longer to see what makes its economy tick. Singapore is an especially wealthy nation, with a per capita income of bonuses attached that can double that sum […]

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Cuomo Seeks New York Tax Revisions to Thwart Federal Changes

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New York state would end income taxes on wage earners and make up the revenue with an employer payroll tax that’s federally deductible as part of a restructuring plan that Governor Andrew Cuomo is recommending to mitigate harmful effects of the new U.S. tax code. The new federal law limits deductions for individuals’ state and […]

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Apple, Returning Overseas Cash, to Pay $38 Billion Tax Bill

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Apple Inc. said it will bring hundreds of billions of overseas dollars back to the U.S., pay about $38 billion in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centers in the coming years. The iPhone maker plans capital expenditures of $30 billion in the U.S. over five years […]

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Everything You Need to Know About the GOP Tax Bill

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Here are key changes to U.S. tax law for individuals and businesses that have emerged from the final Republican bill that’s headed for votes in the House and Senate next week. Individual Tax Rates (Note: Individual rate cuts would expire after 2025.) Current law: Seven rates, starting at 10 percent and reaching 39.6 percent for […]

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The GOP Tax Plan Is Entering Its Make-or-Break Week

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The $1.4 trillion item on President Donald Trump’s wish list — a package of tax cuts for businesses and individuals that he has said he wants to sign before year’s end — is headed into the legislative equivalent of a Black Friday scrum next week. Senate Republican leaders plan a make-or-break floor vote on their […]

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Thaler, Famed for Nudge Theory, Wins Nobel Economics Prize

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University of Chicago’s Richard H. Thaler, one of the founders of behavioral economics and finance, was awarded the 2017 Nobel Prize in Economics for shedding light on how human weaknesses such as a lack of rationality and self-control can ultimately affect markets. The 72-year-old, co-author of the 2008 best-seller “Nudge,” has “built a bridge between the economic […]

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