How monthly child tax credit checks may be renewed by Congress

Parents and caregivers with the Economic Security Project gather outside the White House to advocate for the Child Tax Credit in advance of the White House Conference on Hunger, Nutrition, and Health on Sept. 20 in Washington, DC. Larry French | Getty Images Entertainment | Getty Images When Natacha Chavez began receiving monthly child tax … Read more

Warren Buffett Loves T-Bills. You Should Consider Them.

Warren Buffett, chairman and CEO of Berkshire Hathaway, has $75 billion in Treasury bills. Saul Loeb/AFP via Getty Images Text size Warren Buffett parks most of Berkshire Hathaway’s cash in ultra-safe U.S. Treasury bills, and individual investors may want to consider following Buffett’s lead now that they are yielding as much as 3%. Treasury bills, … Read more

Senate Passes Climate Bill. The Rush to Renewable Energy Is On.

The climate and tax package passed by the Senate on Sunday will unlock some $370 billion in funding for clean energy and accelerate a historic shift in how the world is powered. Along with a parallel initiative in Europe, the bill could trigger private investments that reach into the trillions. The transition to renewable energy … Read more

10 Companies That Would Take a Hit From a 15% Minimum Corporate Tax

Text size Nvidia has had a 4.7% tax rate and average pretax profit of $4.8 billion. Here, a cryptocurrency mining rig is equipped with Nvidia Geforce GPU at the Thailand Crypto Expo 2022. Andre Malerba/Bloomberg Democrats proposed lifting the corporate tax rate to help fund their climate and healthcare package, and if the tax remains part … Read more

Fall in rupee against USD lower than many major currency

Indian rupee (INR) has lost around 6 per cent against US dollar in the calendar year till date. However, there are still eight major economies including the UK, Japan and European Union, whose currencies have recorded bigger fall against USD in the current year. The rupee, fter breaching level of 80 for a short while … Read more

FCA investigates Wise CEO Kristo Kaarmann over tax default

Kristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty Images The CEO of £3.9 billion ($4.8 billion) fintech firm Wise is being investigated by U.K. regulators after tax authorities found he failed to pay a tax bill worth over £720,000. Kristo Kaarmann, who co-founded Wise in 2011, was recently fined £365,651 … Read more

Gas-Tax Holiday Is a Gimmick. Here Are Some Better Ideas.

President Biden’s proposed gas-tax holiday is both a gimmick and dead on arrival. Yet, it is attracting inordinate attention across Washington and on Wall Street. There are viable ways to improve energy-price inflation, but they aren’t quick fixes. Nor are they politically comfortable. Earlier this month, this column said that policy makers and politicians are … Read more

The IRS has sent more than 78 million refunds. How to check on yours

If you filed a last-minute tax return, you may see your 2021 refund faster than you’d expect.  Nine out of 10 refunds have arrived within 21 days this season, according to the IRS. As of April 15, the agency has issued more than 78 million refunds worth over $242 billion in total, and the average … Read more

Paying Your Taxes Can Be Good for Crypto and Stocks

Photo Illustration by Scott Olson/Getty Images Text size Tax day in the U.S. is, admittedly, not one of Americans’ favorite days. Even if refunds are expected, there is still the pressure of filing the correct forms with the correct math at the correct time. (If you need more time, read this.) Tom Lee, head of … Read more

Municipal Bonds Are Down So Much That They’re Buys Again

Text size Al Drago/Bloomberg A funny thing happened in the past week, as news emerged of inflation hitting a four-decade high. A few strategists started looking a bit more positively on bonds, or at least somewhat less negatively. March consumer prices were 8.5% above their level a year earlier, while producer prices were up 11.2%. … Read more