In the first quarter, German economic surge was still sluggish…
Tax bill's 'pass-through' rule will help the rich, not employees: critics
Wealthy business owners, including President Donald Trump will undoubtedly derive benefits from a provision in the Republican tax bill, which generates a valuable deduction for owners of pass-through businesses. That’s what Democrats as well as some tax experts told.
The provision actually creates a 20% business income deduction, including some restrictions for sole proprietors and also owners in partnerships in addition to non-corporate enterprises.
Initially, it was offered by Republicans as a way to help small businesses and generate jobs. However, the final formula for figuring out what types of businesses can benefit has extended to take in businesses with few, if any, employees, critics stressed.
Being a real estate developer, this week Trump is on the verge of signing the Republican tax bill into law that would give Republicans their first major legislative win this year.
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…