Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike debate the need for a tax on unvaccinated people in the United States, all in five minutes. This transcript has been edited for length and clarity. Robert Goulder: With the omicron variant threatening to plunge the world into another cold COVID winter, some would say it’s finally time
In this article PAYX COIN BABA TSLA KMX A Tesla store in Beijing, China, on July 4, 2021. Costfoto | Barcroft Media | Getty Images Check out the companies making headlines in midday trading. CarMax — CarMax shares fell nearly 4.9% despite the used car retailer’s better-than-expected quarterly report. The company posted earnings of $1.63 per
Tesla founder Elon Musk speaks at the unveiling event by “The Boring Company” for the test tunnel of a proposed underground transportation network across Los Angeles County, in Hawthorne, California, December 18, 2018. Robyn Beck | Pool | Reuters Responding to political attacks on his wealth and taxes, Elon Musk said his wealth “is not
People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Stock options gained popularity on Main Street this
U.S. President Joe Biden speaks during a meeting with his administration’s Supply Chain Disruptions Task Force and private sector CEOs in the South Court Auditorium of the White House December 22, 2021 in Washington, DC. Drew Angerer | Getty Images Amid concerns about the new omicron virus, the Biden administration will extend the payment pause
Congress reacted to the massive economic turmoil brought on by the pandemic with a series of large-scale interventions. Those helped boost wealth for all households. Lower-income and middle-income households dipped into their savings sooner than higher-income ones to pay their bills. The difference in financial emergencies and needs contributed to a renewed increase in wealth
Existing home sales increased by a modest 1.9% in November, once again pushing prices higher and squeezing inventory, according to the National Association of Realtors. The median existing-home price for all housing types in November was $353,900, up 13.9% from November 2020 ($310,800), as prices increased in each region, with the highest pace of appreciation
Britain’s Health Secretary Sajid Javid speaks during a press conference at Downing Street on October 20, 2021 in London, England. Toby Melville | WPA Pool | Getty Images News LONDON — The British government has shortened the mandatory Covid-19 self-isolation period in England from 10 days to seven days for those who get negative lateral
Benjamin Alarie with Blue J Legal discusses how technology is influencing and changing the tax field and the future of tax jobs. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: tax jobs of the future, today. Technology is an ever increasingly important aspect of the
In this article BTC.CM= Vertigo3d | iStock | Getty Images All things considered, bitcoin has had a pretty good year. The digital currency is up nearly 70% since the start of 2021, driving the entire crypto market to a combined $2 trillion in value. It’s a year that’s seen the first major crypto company go
President Joe Biden addresses graduates of South Carolina State University during their commencement ceremony on Dec. 17, 2021. Mandel Ngan | AFP | Getty Images The Biden administration is considering extending the payment pause and interest waiver for most federal student loan borrowers once again. “Since day one of the Biden Administration, we’ve been hard
The economy faces another winter of massive uncertainty. The pandemic rages on around the globe and a new coronavirus variant raises the specter of the health crisis getting much worse. Countering that uncertainty will require more business investments, among other things, that will strengthen the momentum of faster growth that carried the economy through the
Talk about timing. A Hawaii property containing a working Christmas tree farm sold as the calendar counted down to the holiday. Set high in the hillside community of Launiupoko on Maui’s west side, the nearly three-acre spread also contains a bungalow, a barn and an orchard with a variety of fruit trees. The site takes
Flights are booked. Bags are packed. To cancel Christmas travel plans seems unfathomable at this point. But for many, so does the speed at which the omicron variant is spreading. The highly transmissible Covid-19 variant — which was first detected in late November but has since been detected in nearly 90 countries — is causing
For folks still waiting on the Internal Revenue Service to deliver their special tax refunds for the unemployment compensation tax exclusion for 2020, don’t count on the money for the holidays. The IRS updated its IRS Operations During Covid-19 web page, as of December 20, with a new section showing the status of unemployment compensation
Stock futures opened flat on Tuesday night after the major averages rebounded from a three-day losing streak spurred by fears about the omicron Covid variant. Dow Jones Industrial Average futures fell 0.03%. S&P 500 futures inched 0.06% lower and Nasdaq 100 futures slipped 0.1%. All three of the major averages rallied in regular trading, pushing
The superyacht “Kismet”, currently owned by Pakistani-American billionaire Shahid Khan, is seen moored near Tower Bridge on October 21, 2021 in London, England. Leon Neal | Getty Images More than 1,000 superyachts are now in production or on order, as the global rich seek refuge from Covid-19 and crowds on their nine-figure floating palaces. According
Labor activists hold a rally in support of a national $15 minimum wage on May 19, 2021, in Washington, D.C. Kevin Dietsch | Getty Images News | Getty Images As the calendar changes to a new year, residents of some states can expect to see a boost to their paychecks. Starting Jan. 1, 2022, several
One of the biggest benefits of self-directed IRAs (SDIRAs) is the ability to diversify your portfolio by investing in alternative assets. These include real estate, precious metals, private equity and more. One alternative asset class that is becoming more popular is private debt. STRATA’s 2021 investor survey report unveiled 13% of investors leveraged private debt
Housing demand is surging across the board, in contrast to 2020 when demand shifted from apartments to single family houses. Now, both home prices and apartment rents are rising much faster than overall inflation. Yet America’s population is growing at a snail’s pace. Without more people, how can there be demand for more housing? Ignoring