Recent discussions of a proposed wealth tax for the United States have included little information about trends in wealth taxation among other developed nations. However, those trends and the current state of wealth taxes in OECD countries can provide context for U.S. proposals. The OECD maintains detailed tax revenue statistics for its 38 member countries.
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Maria Van Kerkhove, Technical Lead of the World Health Organization (WHO) Health Emergencies Programme attends a news conference on the outbreak of the coronavirus disease (COVID-19) in Geneva, Switzerland, March 16, 2020. Christopher Black | WHO | Reuters The World Health Organization on Tuesday said the pandemic will not end as the omicron variant subsides
In this article GS GSBD David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs on Tuesday posted fourth-quarter profit below analysts’ expectations as the bank’s operating expenses surged 23% on higher pay for Wall
In this article PL A rendering on a Dream Chaser spaceplane in orbit. Sierra Space Private investment in space companies last year set a record, according to a report Tuesday by New York-based firm Space Capital. Space infrastructure companies received $14.5 billion of private investment in 2021, a new annual record that was up more than 50%
Getty Images Millions of Americans are taking a step back and rethinking their work lives amid the “Great Resignation” and ongoing coronavirus pandemic. A record 4.5 million people quit their jobs In November, according to data from the U.S. Department of Labor, continuing a trend of workers leaving employers in droves. Some of those workers
The crypto ecosystem has expanded significantly in recent years. While institutions such as the IMF are starting to embrace its innovation, they are also calling for investors to exercise caution. Jakub Porzycki | NurPhoto via Getty Images LONDON — The U.K. government says it will bring cryptocurrency ads under tighter scrutiny and crack down on
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Key Findings Forty-four states levy a corporate income tax. Rates range from 2.5 percent in North Carolina to 11.5 percent in New Jersey. Six states—Alaska, Illinois, Iowa, Minnesota, New Jersey, and Pennsylvania—levy top marginal corporate income tax rates of 9 percent or higher. Eleven states—Arizona, Colorado, Indiana, Kentucky, Mississippi, Missouri, North Carolina, North Dakota, Oklahoma,
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Getty Images Children who have recovered from Covid-19 may experience a distorted sense of smell afterwards which could affect the foods they will eat, according to experts in the U.K. “Parosmia” — when people experience strange and often unpleasant smell distortions — is relatively common after a Covid infection, with 250,000 adults in the U.K.
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters LONDON — Credit Suisse Chairman Antonio Horta-Osorio resigned on Sunday after violating Covid-19 quarantine rules, the latest in a series of high-profile scandals that have rocked the Swiss bank in recent years. Horta-Osorio
Venture capitalist Chamath Palihapitiya. Mark Kauzlarich/Bloomberg via Getty Images WASHINGTON – Billionaire investor Chamath Palihapitiya triggered a backlash on social media after saying during a recent episode of his podcast that “nobody cares” about the ongoing human rights abuses against the Uyghurs in China. During a 90-minute episode, Palihapitiya told co-host Jason Calacanis on their “All-In”
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York, January 12, 2022. Brendan McDermid | Reuters U.S. stock futures were little changed Monday night as traders braced for the latest batch of corporate earnings reports. Futures tied to the Dow Jones Industrial Average ticked higher by 4 points, or
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A woman is getting a Covid-19 test at a drive through Covid-19 testing center as hundreds of cars and pedestrians line up to get Covid-19 test before Christmas holiday season in North Bergen of New Jersey, United States on December 22, 2021 as Omicron rises around the country. Tayfun Coskun | Anadolu Agency | Getty
In this article RBLX WMT NKE RL Customers exit a Ralph Lauren Corp. store in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Ralph Lauren CEO Patrice Louvet said Monday that the fashion brand is chasing opportunities in the metaverse as a way to attract younger shoppers. At the National Retail Federation’s annual
Dr. Martin Luther King, Jr. speaking before crowd of 25,000 Selma To Montgomery, Alabama civil rights marchers, in front of Montgomery, Alabama state capital building. On March 25, 1965 in Montgomery, Alabama. Stephen F. Somerstein | Getty Images Community leaders and their enterprises are vital to promoting economic mobility in the U.S., especially in challenging
In this article F A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois. Scott Olson | Getty Images Online payment processor Stripe has signed up Ford Motor Company as a customer, in a five-year deal aimed at bolstering the automotive giant’s e-commerce strategy. Ford Motor