Taxes
Apple loses EU court battle over 13 billion euro tax bill in Ireland
Omar Marques | Sopa Images | Lightrocket | Getty Images Europe’s top court on Tuesday ruled against Apple in the tech giant’s 10-year court battle over its tax affairs in Ireland. The pronouncement from the European Court of Justice comes hours after Apple unveiled a swathe of new product offerings, looking to revitalize its iPhone, […]
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Trump to counter Harris with competing economic agenda rollout
Republican Presidential candidate former President Donald Trump speaks during a campaign rally at Mohegan Sun Arena at Casey Plaza in Wilkes-Barre, Pennsylvania, Aug. 17, 2024. Michael M. Santiago | Getty Images Former President Donald Trump is countering the kickoff of the Democratic National Convention, and Vice President Kamala Harris’ recently unveiled economic agenda, by laying […]
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Kamala Harris’ tax records reveal ‘fairly basic’ approach that may have missed savings, advisor says
U.S. Vice President Kamala Harris and second gentleman Douglas Emhoff descend from Air Force Two in Wilmington, DE, U.S., July 22, 2024. Erin Schaff | Via Reuters Vice President Kamala Harris’ personal financial records are under fresh scrutiny now that she is running for the highest office in the United States. Experts say recent tax […]
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Working remotely from a cruise ship? Here’s why the IRS still expects taxes
Jenny Hunnicutt poses in front of the Royal Caribbean Ultimate World Cruise, which she’s been on for nearly nine months traveling the world. While on board, she’s working remotely for her writing and consulting business based in Florida. Courtesy: Jenny Hunnicutt Income made ‘worldwide’ is taxable Despite a Bahamas flag flying atop the Serenade of […]
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CNBC Daily Open: Trump attends RNC, Dow record close, bitcoin ‘digital gold
Traders work on the floor of the New York Stock Exchange during afternoon trading on June 3, 2024. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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CNBC Daily Open: Trump picks VP, Dow record close, bitcoin ‘digital gold’
Traders work on the floor of the New York Stock Exchange (NYSE) on April 05, 2024 in New York City. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, […]
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Sri Lanka reaches offer on credit card debt restructuring with bilateral lenders like China and France
Sri Lanka’s President Ranil Wickremesinghe introduced a debt restructuring offer with countries which includes India, France, Japan and China in a televised tackle to the country Wednesday. The settlement marks a vital step in the country’s economic restoration just after defaulting on personal debt reimbursement in 2022. Sri Lanka President Media Division / Handout | […]
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Why tariffs on Chinese EVs may not work
The Chinese auto sector is increasingly making global automakers and politicians hot under the collar. In the early 1980s, the Chinese auto industry barely existed. Today the country has the capacity to make about 40 million vehicles annually — enough to supply half the world. Only about 25 million cars sold in the country in […]
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CEOs at Trump meeting: Ex-president ‘meandering’ and ‘doesn’t know what he’s talking about’
WASHINGTON — Former President Donald Trump failed to impress everyone in a room full of top CEOs Thursday at the Business Roundtable’s quarterly meeting, multiple attendees told CNBC. “Trump doesn’t know what he’s talking about,” said one CEO who was in the room, according to a person who heard the executive speaking. The CEO also said Trump did not […]
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Additional than $1 billion in EV tax credits issued upfront to consumers, Treasury and IRS say
Vital Factors The federal government has issued more than $1 billion in tax credits for new and utilised electric motor vehicles as an upfront money incentive to motor vehicle customers, the Treasury Section and IRS said. The progress payments kicked in Jan. 1, 2024. The credits for new and employed automobiles, for a respective $7,500 […]
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