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The founder of the National Parents Organization has told RT that special interests in the law industry are blocking reforms that would give fathers more rights to see their children following divorce. There are over one million divorces every year in the United States. The system for dealing with family break-ups was introduced by President […]
REUTERS/Lucas Jackson Firms across Wall Street are forecasting a pick-up in M&A activity this year. Many of them — most recently Morgan Stanley — cite the positive benefits of tax reform as helping to catalyze deals. It could be a boon for the longevity of the market’s current rally, given the historical importance of corporate […]
Reuters / Lucas Jackson Bank of America breaks down what could be the most effective use of the additional capital that corporations get from the GOP tax plan. The firm says that mergers and acquisitions is an ideal use, and could hit a record in 2018, while downplaying the positive effect of share buybacks and […]
Apple has announced a “commitment” to create more than 20,000 new jobs in the US and invest $ 350 billion in the next five years. The move contributes to what would be the largest repatriation tax bill in IRS history. As part of Apple’s “commitment to support the American economy and its workforce,” the initiative […]
Reuters The corporate tax rate is being slashed to 20% from 35% under the Trump tax plan that took effect this year. Companies are also getting a repatriation holiday to bring cash from foreign entities back home. The cuts are expected to boost US equities in 2018, but it’s not immediately clear which specific stocks […]
Citigroup released fourth-quarter results Tuesday, beating the expectations of Wall Street analysts with adjusted earnings of $ 1.28 a share. Analysts were expecting the bank to report adjusted earnings — not including short-term impacts of tax reform — of $ 1.19 a share. It’s expected to be a noisy quarter for bank earnings in general, thanks […]
Evan Vucci/AP There’s a lot of anticipation for big-ticket pharmaceutical mergers and acquisitions to take off in 2018. That’s in large part because of the tax reform that passed in 2017, which frees up cash companies have overseas and lowers the corporate tax rate. “We’d love to use the cash to buy and partner to […]
Ryan Welsh/Flickr Wells Fargo’s fourth-quarter profit rose 18%, driven by a one-time benefit from the new tax law. Analysts have been closely watching the bank’s expenses since a scandal about its sales practices emerged in 2016. (Reuters) – Wells Fargo & Co posted an 18 percent rise in fourth-quarter profit on Friday, driven by a one-time tax […]
President Donald Trump is urging lawmakers to find a bipartisan solution to the so-called Dreamers and border security in “a bill of love.” However, as midterm elections loom, negotiations on immigration are heating up. “I’ll take all the heat you want. But you are not that far away from a comprehensive immigration reform,” Trump said […]
Reuters / Brendan McDermid The effects of tax reform could stir up some turmoil in what’s expected to be an otherwise very strong earnings season, according to Goldman Sachs. The two areas to watch are required corporate write-downs of deferred tax items and the hundreds of millions of dollars S&P 500 companies will owe in […]
