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A SCOTUS case aiming to protect rich people from taxes could lead to chaos for the federal government's finances.
Nevertheless, on December 5, the Supreme Court will hear a preemptive strike on the very concept of wealth taxes.
This rule, the Supreme Court explained in Helvering v. Horst (1940), is "founded on administrative convenience." It is often difficult to determine how much an asset is actually worth until the asset is sold, especially if that asset is anything other than stock in a publicly traded company.
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Media Contact: Terry Tush | Director of Marketing & Communications | 405-744-2703 | terry.tush@okstate.edu
ChatGPT and other forms of artificial intelligence have been the talk of technology circles, and it's easy to see why.
So, it was only natural that accounting faculty nationwide collectively wondered about AI and its application in their field. Will AI programs drastically change accounting, they wondered? Will AI change the way they teach accounting?
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The company's pre-tax profit slumped 42% to 345 million pounds ($430 million) for the 12 months to Sept. 30, compared with a 430 million pounds average of analyst estimates compiled by the company.
Analysts at JPMorgan described the results as "mixed", but said higher costs would likely lead to analyst downgrades to its earnings outlook.
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Germany announced a plan to resolve a looming budget crisis on Thursday, proposing a resolution that would make it possible to fill a hole in its spending plans without requiring fresh debt.
The move came after days of uncertainty triggered by the ruling from the country's highest court that declared elements of the 2023 budget invalid because of a rule that limits borrowing.
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A group of hourly-paid department managers this week joined assistant department managers in a federal lawsuit against Publix, alleging the regional supermarket chain failed to pay them overtime in violation of the Fair Labor Standards Act.
The lawsuit, originally filed Oct. 26 in Tampa federal court, seeks back pay for the extra hours worked beyond the 40-hour work week. An amended complaint filed Tuesday added managers who work hourly to include those in the bakery, deli, meat and seafood departments.
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Asked by BBC Radio whether the Autumn Statement would go beyond business tax cuts, Trott said: "The economy is in a very different place to where we were a year ago and we can now focus on going for growth, pushing up the growth rate of the economy and cutting taxes for individuals."
With the holidays coming fast upon us, it's time to start thinking about presents. Ted Needleman scoured the review pile to see what might be appropriate to update your office, or to gift to staff.
Plus, Sage releases new Intacct features; Liscio unveils new upgrades aimed at enhanced client experience; and other accounting tech news.
Amazon has a new job for its Astro robot: a roving security guard in stores to detect break-ins and other threats.
The company on Wednesday announced Astro for Business, a version of its household robot that it's framing as a crime prevention tool for retailers, manufacturers and a range of other industries, in spaces that are up to 5,000 square feet. Astro for Business is launching only in the U.S.
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PARIS, Nov 17 (Reuters) - French Finance Minister Bruno Le Maire made the case on Friday for Paris to host the European Union's anti-money laundering agency, saying the French capital already benefited from being a centre for fighting dirty money.
EU countries agreed in 2021 to set up a dedicated agency to coordinate anti-money laundering efforts across the bloc after enforcement among national authorities was found to be inconsistent and wanting.
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BERLIN, Nov 17 (Reuters) - A German court ruling that wiped billions from the federal budget could drag down growth by as much as half a percentage point next year in Europe's biggest economy, an economy ministry source told Reuters on Friday.
"According to initial rough estimates, a loss of investment funds could cause growth in 2024 to be about half a percentage point lower," the source, who is familiar with the economy ministry's forecasts, said.
The U.S. Department of Labor wants to increase the number of workers who qualify for overtime pay, a proposal that disability providers say would further tie their hands amid a workforce crisis. (Chuck Myers/TNS)
A federal proposal to extend overtime pay to millions of additional workers could unintentionally lead to further cuts in the availability of services for people with IDD, providers say.
NEW YORK (Reuters) -The Biden administration on Wednesday released a long-awaited proposal to split regulatory powers over emerging private-sector space activities between the U.S. transportation and commerce departments, according to a draft legislative proposal.
The plan would expand the Federal Aviation Administration's oversight of rocket launch sites on Earth to include various crewed and uncrewed activities in space, from regulating private astronaut missions to licensing commercial space stations and trips to the moon.
South China Morning Post's inaugural Family Business Summit (FBS) was co-organised with Blue Pool Capital, with the support of UBS and Brand Hong Kong.
The summit came just a day before Hong Kong inaugurated an academy to provide financial and skills training in wealth management to support the family-office industry.
DENVER — Gov. Jared Polis called for a special session of the state legislature Thursday to look at ways to provide property tax relief after voters defeated Proposition HH on Tuesday.
Polis asked lawmakers to reconvene at 9 a.m. Nov. 17, and once they do, they'll look at providing property tax relief for the tax year 2023, which is paid next year.
On November 14 at 7pm ET, Eric Fry is revealing the biggest breakthrough of his career. An A.I. enhanced system that predicts the exact stocks set to soar 1,000% or more … no matter which way the overall market is headed.
Delaying earnings is seen as a bad signal, which explains the decline in FSR stock today. That’s coupled with the announcement last month that Fisker would lower the price on its Ocean Extreme trim to $61,499 from $68,999, which is already in effect.
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State government faces a growing gap between revenues and expenses. This is not entirely unexpected given that the Maryland General Assembly voted in 2021 to significantly increase spending on K-12 public schools under the Blueprint for Maryland's Future without fully funding the initiative.
Implementation, including short term rental applications, will launch publicly by the end of 2024
ST. LOUIS - Today, Mayor Tishaura O. Jones signed Board Bills 33 & 34 , establishing regulations on short-term rentals such as AirBnB and VRBO. With today's signing, St.
Colorado lawmakers got an earful Tuesday from short-term rental owners on a proposal to classify many of their homes as commercial properties and impose a much higher tax rate.
The measure would classify homes that are rented for more than 90 days a year on a short-term basis — defined as less than a month per booking — as commercial lodging properties.
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RBC, Canada's largest bank, did not admit or deny the SEC's findings in the settlement, the regulator said in a statement.
Amazon is unveiling its first buy now, pay later checkout option for the millions of small business owners who use its online store, CNBC learned exclusively.
The tech giant confirmed Thursday that its partnership with Affirm is expanding to include Amazon Business, the e-commerce platform that caters to companies.
LONDON , Oct. 30, 2023 /PRNewswire/ -- Paysend, a card-to-card and international payments platform, today announced an agreement with Western Union to provide seamless and efficient cross-border money transfer capabilities.
Abdul Abdulkerimov, Executive Chairman and Co-Founder of Paysend, expressed his excitement about the collaboration, saying, "Paysend's mission is to make money transfer easier for everyone.
Five years and change. That's how long humans can keep pumping carbon into the atmosphere at our current rate before we're likely to push global warming past the most ambitious limit set by the Paris Agreement, according to new estimates released Monday by a team of climate scientists.
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