Merrill: Managers Expect Stock Peak in ‘2019 or Beyond’

Global investors raised their allocation to equities to net 55% overweight in January, a two-year high, according to the latest Bank of America Merrill Lynch fund manager survey. Allocation to bonds fell to a four-year low of net 67% underweight. Investors in January were the most overweight equities relative to government bonds since August 2014, Merrill… Please follow and like us:

Read More

Wall Street Criminals Continue Their Fraud And Theft: NO JAIL TIME – America’s Lawyer

To learn more about this topic, visit AL.Law Via America’s Lawyer: Mike Papantonio talks with Danielle DiMartino Booth about how a new federal lawsuit says Goldman Sachs and other Wall Street banks rigged the U.S Treasury Bond Market to gain profits for themselves. Transcript: Mike Papantonio: A new federal lawsuit filed in Manhattan says Goldman Sachs… Please follow and like us:

Read More

Walmart Joins Bonus Bandwagon with $1,000 Checks

Walmart, the nation’s largest employer, said Thursday it will raise its minimum wage to $11 per hour, expand maternity leave options for workers and give $1,000 bonuses to hourly employees, based on their years of service. The bonus announcement comes as corporations and small businesses prepare for a corporate tax cut and a reduction in taxes… Please follow and like us:

Read More

Google moved 16 bn euros to Bermuda to avoid tax: Bloomberg

Google moved 15.9 billion euros ($19.2 billion) to a Bermuda shell company in 2016, saving it billions of dollars in taxes that year, Bloomberg reported on Wednesday, quoting regulatory filings in the Netherlands. Google uses two structures, known as a “Double Irish” and a “Dutch Sandwich”, to shield the majority of its international profits from taxation,… Please follow and like us:

Read More

Broker Charged With Illegally Accepting $1M in Cash Kickbacks: Enforcement

The Securities and Exchange Commission charged a Wall Street stockbroker with illegally accepting more than $1 million in undisclosed kickbacks for giving certain customers preferential access to lucrative inital public offerings, enabling them to reap major trading profits in the secondary markets. The SEC alleges that Brian Hirsch subverted allocation policies and procedures at two brokerage… Please follow and like us:

Read More

Follow the money to understand how drug profits flow

The prescription drug world is in turmoil. Pharmacy giant CVS is buying Aetna, an insurance company, and Amazon appears to be entering the pharmacy market. Meanwhile, Alex Azar, President Trump’s nominee for secretary of Health and Human Services, indicated in his confirmation hearing that drug pricing will be his top priority, although he offered few details.… Please follow and like us:

Read More

Wall Street Criminals Continue Their Fraud And Theft: NO JAIL TIME – America’s Lawyer

To learn more about this topic, visit AL.Law Via America’s Lawyer: Mike Papantonio talks with Danielle DiMartino Booth about how a new federal lawsuit says Goldman Sachs and other Wall Street banks rigged the U.S Treasury Bond Market to gain profits for themselves. Transcript: Mike Papantonio: A new federal lawsuit filed in Manhattan says Goldman Sachs… Please follow and like us:

Read More

Would tax cut bring higher wages?

WASHINGTON — Gary Cohn, the top White House economic adviser, was onstage making the Trump administration’s case that a huge cut in corporate taxes would trigger a surge of business investments. Then came an off-the-cuff question to business leaders listening to Cohn at The Wall Street Journal CEO Council meeting last week: How many will increase… Please follow and like us:

Read More

Two of the Biggest Threats to the Stability of the World Economy Are Hiding in Plain Sight

In the early 1990s, transnational corporations (TNCs) in the agriculture, services, pharmaceuticals, and manufacturing sectors each got agreements as part of the WTO to lock in rights for those companies to participate in markets under favorable conditions, while limiting the ability of governments to regulate and shape their economies. The topics corresponded to the corporate agenda… Please follow and like us:

Read More

Tax Reform Must Level the Playing Field for American Companies

Opinion With Washington pushing full-tilt on tax reform, it’s time to tackle the unfair tax advantage enjoyed by multinational enterprises. Addressing this longstanding problem could provide a unique opportunity to help domestic U.S. corporations compete on a more level playing field with their global counterparts. Currently, taxes are only assessed on multinational enterprises, referred to as… Please follow and like us:

Read More

GOP Moves to Crack Down on Corporate Tax Dodgers

Under the introduced last week in the House of Representatives, giant multinational corporations get a fat tax cut — but also the threat of a stinging new levy if they continue commonly used tax-avoidance schemes. The hope of tax writers was that the threat of a 20 percent excise tax on the sale of products from… Please follow and like us:

Read More

EUROPE – French banks posted ‘multi-billion euro profits’ in tax havens

The Eurozone’s 20 biggest banks earned over a quarter of their profits in tax havens in 2015, according to a report released Monday by Oxfam. The report details how, in 2015, top Eurozone banks generated €25 billion in profits in low-tax territories like the Republic of Ireland, Luxembourg, the Cayman Islands and the American state of… Please follow and like us:

Read More

Foreign excise tax for U.S. companies could pose problems for tax bill

WASHINGTON — A complicated excise tax proposed for foreign transactions by multinational companies looms as potential problem for the House Republican tax bill. Conservative groups aligned with the wealthy Koch brothers have compared the provision to a border-adjustment tax that they helped kill this summer. Those groups, including Freedom Partners, were pushing for the excise tax… Please follow and like us:

Read More

Income rise buoys bank valuations

SHANGHAI-China’s largest banks posted double-digit increases in lending income in the July-September quarter, validating some of the earnings optimism that has fueled a rally in their shares this year. Industrial & Commercial Bank of China Ltd, Bank of China Ltd and Agricultural Bank of China Ltd reported average net interest income gains of 15 percent on… Please follow and like us:

Read More

Republican tax plan could lead Silicon Valley companies to bring overseas cash home

Silicon Valley companies that hold billions of dollars in profit overseas would have an incentive to bring some of that money back home under the tax plan announced by House Republicans this week. But that doesn’t necessarily mean such companies as Apple, Alphabet, Intel and Cisco Systems would be in a big rush to flood the… Please follow and like us:

Read More