Tax cuts and tariffs have not caused a significant return of factory activity, data from the government and other sources show. Source: NYT > Business – Jim Tankersley
Trump’s Push to Bring Back Jobs to U.S. Shows Limited Results
Tax cuts and tariffs have not caused a significant return of factory activity, data from the government and other sources show. Source: NYT > Business – Jim Tankersley
India’s ‘Coffee King’ Found Dead Amid Financial Troubles
V.G. Siddhartha beat Starbucks to dominate India’s retail coffee industry, but he also faced growing debt and pressure from the tax authorities. Source: NYT > Business – Kai Schultz and Ayesha Venkataraman
Foreign-Owned Banks’ Results Could Sweeten Further Under Tax Law
Large U.S. financial institutions reaped a windfall from the 2017 Trump tax cuts. Now foreign banks are pushing for favorable treatment from Treasury. Source: NYT > Business – Jim Tankersley and Peter Eavis
Senate Approves Tax Treaties for First Time in Decade
Pressure from business groups — and the triumph of Senator Mitch McConnell of Kentucky over his junior partner, Rand Paul — spurred lawmakers to approve updates to the international treaties. Source: NYT > Business – Jim Tankersley
As Nations Look to Tax Tech Firms, U.S. Scrambles to Broker a Deal
The proposed levies on firms like Facebook and Google are pitting traditional allies against one another and threatening to set off a cascade of tax increases and tariffs. Source: NYT > Business – Jim Tankersley and Alan Rappeport