It’s no secret that big corporations are adept at paying as little in taxes as possible, and that one of the most commonly used strategies for tax avoidance is keeping profits earned at foreign subsidiaries abroad in order to escape the U.S.’s relatively high corporate tax rate on those earnings. But according to a recent article in the …
Last Monday, Dollar General, the U.S.’s largest dollar-store chain, posted better-than-expected profits, helping boost the company’s stock, which is up 15% year to date. And earlier this year, it announced plans to open its …
Although you wouldn’t know it by the weather, April is fast approaching. And that means in the coming weeks, millions of Americans will be breaking out their W-2s and their favorite tax software to figure out exactly how much …
Ask the Expert: Since large numbers of baby boomers are now retiring, wouldn’t this have a complete offsetting effect for the next 15 years or so?
Ed DeMarco may not strike you as the kind of man who is capable of fanning the outrage of broad swaths of the American public. But in the past year, this bespectacled economist and lifelong civil servant has endured protesters …
Of the many scandals that have plagued Wall Street of late, the “London Whale” trades, which cost banking giant JPMorgan Chase more than $6 billion, has captured the attention of the financial media more than any other. The biggest reason for journalists’ obsession with this story is that it tarnished the reputation of JPMorgan CEO Jamie …
The normally secretive private equity industry spent 2012 in the spotlight thanks to Mitt Romney‘s ill-fated presidential run, and some of these firms appear to be capitalizing on all the free press they received — literally.
That’s right, the publicly traded private equity firm Carlyle Group — whose funds were once open only to the …
Four and a half years after the passage of TARP, one thing is abundantly clear: The American public really, really hates bank bailouts. And yet, nearly three years after the passage of the Dodd-Frank financial reform bill, it …
For some time time now, the American economy has been a strange dichotomy. On the one hand, we’re in the midst of an historically strong four-year bull market, yet the unemployment rate remains stubbornly high. The real estate …
Ever since the financial crisis, Americans have begun to see bubbles everywhere they turn. The damage wrought by the real estate bubble has been so extensive that the nation is rightfully terrified that another asset bubble is …
The sequester is all anybody wants to talk about. I get it: It’s the hip new crisis sweeping Washington. But remember Fannie Mae and Freddie Mac? You know, the once quasi-independent housing giants whose takeover by the federal government has cost taxpayers upwards of $190 billion thus far? Well, Fannie and Freddie are still owned by the …
Ask the expert: how long before the U.S. is forced into austerity measures by foreign creditors, as we see happening in Greece?
