USA is looking at lowering taxes. The issue is that USA is dealing with 400B+ deficit which means that taxation cuts will required spending cuts as part of elimination of the deficit.
TAG Tax - Global Perspectives Call (U.S. Tax Update and Romania / Moldova Ove...TAG Alliances
The TAG Tax Specialty Group is proud to present its first in a series of virtual sessions aimed at exposing members to various international tax structures, policies and trends.
Date: February 8, 2017 at 11:00 am EST (New York, GMT-05:00)
Duration: 30 to 45 Minutes (Approx.)
Via: Webex (Register via the link below)
Complimentary for all TAG Alliances Members
[Note: If you are unable to attend or the time is not convenient for your time zone, please register for the webinar and you will receive a recording once it becomes available.]
~ In this edition: ~
U.S. Tax Update and What "Might" Be Ahead
International tax lawyer, Anna Derewenda of Williams Mullen (VA & NC, USA - TAGLaw), will provide members with an overview of what potentially lies ahead for the U.S. tax code and what businesses and individuals, both those in the U.S. and those with U.S. interests, can possibly anticipate.
Tax Overview Romania and Moldova
Bogdan Nastase of Group Expert Consulting (Romania - TIAG) will discuss common tax strategies in these very close, but very different countries. For example, even though these countries use the same language and business culture, Romania is an EU Member while Moldova is not—an interesting picture of international tax and financial planning.
Tax Foundation University 2017, Part 1: Why Tax Reform? Why Now? Why Not Just...Tax Foundation
This presentation reviews key considerations in tax reform – balancing revenues, growth, and tax equity.
Charts describe the current tax system, its general framework, progressive structure, complexity, biases, and distorting features.
It also explores who pays taxes, and how markets shift the tax burden.
Harper's fiscal record is criticized in the article. The author argues that Harper relied too heavily on spending cuts rather than tax increases to balance budgets, disproportionately impacting lower-income Canadians. While Harper implemented some tax cuts and targeted spending, critics like Ralph Goodale argue his policies mostly benefited large corporations, not families or small businesses. The document discusses different approaches to fiscal and economic policy taken by Harper, Martin, Trudeau and others.
The document analyzes the revenue and spending proposals of Ontario's three main political parties. It finds that the Progressive Conservatives plan to stimulate investment through corporate tax cuts and generate transit funding through interest income. The NDP aims to increase revenue from tax loopholes and higher corporate taxes to fund jobs credits and transit. The Liberals propose a new pension plan tax, gas tax, and corporate taxes to fund transit while limiting expense growth through public sector wage freezes.
Harper's fiscal record is criticized in the article. The author argues that Harper relied too heavily on spending cuts rather than tax increases to balance the budget, disproportionately impacting lower-income Canadians. However, others point out that Harper implemented tax cuts and savings programs that benefited middle- and lower-income Canadians. There are reasonable debates around different governments' economic and taxation policies, and it is important to consider multiple perspectives when evaluating these complex issues.
The document summarizes the key elements and economic impacts of the Tax Cuts and Jobs Act. It finds that the tax cuts will add $1-1.5 trillion to the national debt over 10 years, benefit high-income groups the most, and potentially increase the number of uninsured by 13 million people. While proponents claim it will boost economic growth and job creation, most experts estimate only a small, temporary GDP increase with limited benefits that fade over time. There are also risks that higher debt could crowd out private investment and increase the chances of a fiscal crisis.
Liberal Party of Canada – Election promises - September 2017paul young cpa, cga
- This document provides a summary of election promises made by the Liberal Party of Canada and an analysis of their fulfillment of these promises since forming the government in 2015.
- Key areas discussed include the economy, taxes, deficits, transparency, and policies impacting small businesses and immigration. It is argued that many promises have been broken or delayed, such as tax cuts for the middle class, and policies have increased taxes rather than lowered them. Deficits have been larger than promised due to lower GDP growth.
- Sources are provided for further details on specific policies and claims.
This is a PPT that I created for a discussion of the US Federal Budget, the Deficit, and the Debt. Many of the slides are public domain items for Heritage Foundation and Concord Coalition. It led to some very good non-partisan discussions. There is hope!
TAG Tax - Global Perspectives Call (U.S. Tax Update and Romania / Moldova Ove...TAG Alliances
The TAG Tax Specialty Group is proud to present its first in a series of virtual sessions aimed at exposing members to various international tax structures, policies and trends.
Date: February 8, 2017 at 11:00 am EST (New York, GMT-05:00)
Duration: 30 to 45 Minutes (Approx.)
Via: Webex (Register via the link below)
Complimentary for all TAG Alliances Members
[Note: If you are unable to attend or the time is not convenient for your time zone, please register for the webinar and you will receive a recording once it becomes available.]
~ In this edition: ~
U.S. Tax Update and What "Might" Be Ahead
International tax lawyer, Anna Derewenda of Williams Mullen (VA & NC, USA - TAGLaw), will provide members with an overview of what potentially lies ahead for the U.S. tax code and what businesses and individuals, both those in the U.S. and those with U.S. interests, can possibly anticipate.
Tax Overview Romania and Moldova
Bogdan Nastase of Group Expert Consulting (Romania - TIAG) will discuss common tax strategies in these very close, but very different countries. For example, even though these countries use the same language and business culture, Romania is an EU Member while Moldova is not—an interesting picture of international tax and financial planning.
Tax Foundation University 2017, Part 1: Why Tax Reform? Why Now? Why Not Just...Tax Foundation
This presentation reviews key considerations in tax reform – balancing revenues, growth, and tax equity.
Charts describe the current tax system, its general framework, progressive structure, complexity, biases, and distorting features.
It also explores who pays taxes, and how markets shift the tax burden.
Harper's fiscal record is criticized in the article. The author argues that Harper relied too heavily on spending cuts rather than tax increases to balance budgets, disproportionately impacting lower-income Canadians. While Harper implemented some tax cuts and targeted spending, critics like Ralph Goodale argue his policies mostly benefited large corporations, not families or small businesses. The document discusses different approaches to fiscal and economic policy taken by Harper, Martin, Trudeau and others.
The document analyzes the revenue and spending proposals of Ontario's three main political parties. It finds that the Progressive Conservatives plan to stimulate investment through corporate tax cuts and generate transit funding through interest income. The NDP aims to increase revenue from tax loopholes and higher corporate taxes to fund jobs credits and transit. The Liberals propose a new pension plan tax, gas tax, and corporate taxes to fund transit while limiting expense growth through public sector wage freezes.
Harper's fiscal record is criticized in the article. The author argues that Harper relied too heavily on spending cuts rather than tax increases to balance the budget, disproportionately impacting lower-income Canadians. However, others point out that Harper implemented tax cuts and savings programs that benefited middle- and lower-income Canadians. There are reasonable debates around different governments' economic and taxation policies, and it is important to consider multiple perspectives when evaluating these complex issues.
The document summarizes the key elements and economic impacts of the Tax Cuts and Jobs Act. It finds that the tax cuts will add $1-1.5 trillion to the national debt over 10 years, benefit high-income groups the most, and potentially increase the number of uninsured by 13 million people. While proponents claim it will boost economic growth and job creation, most experts estimate only a small, temporary GDP increase with limited benefits that fade over time. There are also risks that higher debt could crowd out private investment and increase the chances of a fiscal crisis.
Liberal Party of Canada – Election promises - September 2017paul young cpa, cga
- This document provides a summary of election promises made by the Liberal Party of Canada and an analysis of their fulfillment of these promises since forming the government in 2015.
- Key areas discussed include the economy, taxes, deficits, transparency, and policies impacting small businesses and immigration. It is argued that many promises have been broken or delayed, such as tax cuts for the middle class, and policies have increased taxes rather than lowered them. Deficits have been larger than promised due to lower GDP growth.
- Sources are provided for further details on specific policies and claims.
This is a PPT that I created for a discussion of the US Federal Budget, the Deficit, and the Debt. Many of the slides are public domain items for Heritage Foundation and Concord Coalition. It led to some very good non-partisan discussions. There is hope!
This document discusses a graduated income tax plan proposed for Michigan that would cut taxes for 95% of state residents. Key points:
- The plan would establish a graduated income tax scale to make everyone pay an equal share of taxes based on their income, rather than high-income individuals paying a smaller share.
- Under the plan, a family making $80,000 would save $600 per year in taxes, an 18% cut. More than 4.4 million filers would receive an $830 million total tax cut.
- 89% of business owners would receive a tax cut as well. The plan aims to stimulate economic growth and help small business owners.
- A family making $50,
This document summarizes a report by the American Legislative Exchange Council (ALEC) on the costs of tax cronyism. It defines tax cronyism as using tax policy to benefit specific firms or industries rather than having broadly applicable, neutral tax rules. The report argues that tax cronyism stifles competition and economic growth. It suggests eliminating tax cronyism through revenue-neutral tax reforms or increased transparency and analysis of such policies to ensure they create economic growth beyond their costs. The report estimates that tax carve-outs in the US total around $488 billion annually but notes tax cronyism is difficult to quantify fully due to lack of transparency.
November 2016 caused a big shift in U.S. ideology and it also is responsible for a flurry of tax changes. With his Tax Cuts and Jobs Act of 2017, Donald Trump made changes to tax rules for Americans living at home and abroad. A big change for those living abroad are the repatriation tax rules.
This document summarizes key points from Paul Young's presentation on government policy and household income in Canada in 2016. It includes:
- Job losses forecasted from minimum wage increases range from 50,000 to 185,000 jobs lost.
- Median household incomes grew the most in Nunavut, Saskatchewan, Newfoundland and Labrador, Northwest Territories, Alberta, and Manitoba from 2005-2015. Income growth was lowest in Quebec and Ontario.
- The presentation discusses trends in household income, low income rates, energy poverty, and taxation policies across Canada.
Tax Foundation University 2017, Part 3: Modeling Tax Changes — Which Help, Wh...Tax Foundation
This lecture explores how the consequences of policy options can be determined and why they should guide the reform effort. The Tax Foundation's Taxes and Growth Dynamic Tax Model will be demonstrated.
Also discussed: the benefits and limitations of dynamic vs. static analysis and scoring of tax changes, which tax features harm growth the most, which potential reforms help the most, and which revenue offsets hurt the least. Differing views of how to predict the effects of tax changes on economic growth, how different models view the effect of the federal budget deficit and the Federal Reserve on the outcomes, and the proper role of monetary policy.
Register for Tax Foundation University Online here: https://taxfoundation.org/tax-foundation-university-remote/#enroll
Federal budget slide show civic club versionAlex Cardenas
This document discusses myths and realities about the US federal budget and deficits. It contends that tax policies rather than spending have mainly driven deficits since 1981. While spending cuts could help, the largest expenditure - wars and the military - is often treated as untouchable. It also argues that solving budget problems requires addressing growing inequality in wealth and political power between the richest 10% and everyone else. Specific myths debunked include claims that Social Security and Medicare contribute to deficits, and that tax cuts for the wealthy encourage job creation. Charts show how spending has changed under Democratic and Republican presidents.
Tax Foundation University 2017, Part 4: A Close Look at Some Major Reform PlansTax Foundation
The document discusses different tax policies and their economic effects. It provides an overview of the Tax Foundation's TAXES AND GROWTH (TAG) model for analyzing these effects. The TAG model uses a neoclassical framework to estimate how changes to taxes impact the economy by altering the costs of labor and capital. The document examines several past tax reforms, including the Kennedy tax cuts of 1962-1964, the Reagan tax cuts of 1981, and the 1986 tax reform. It summarizes the TAG model's estimates of the economic and revenue effects of these policies based on their impacts on GDP, wages, business investment, and job growth.
Current Thinking, November/December 2012Kevin Lenox
- If lawmakers cannot agree on a deal by the end of the year to avoid the "fiscal cliff", $560 billion in tax increases and $136 billion in spending cuts will automatically go into effect in 2013, resulting in a 3.6% decline in GDP and average household tax bills rising by $3,500.
- With many popular tax deductions and credits set to expire, tax planning strategies are more important than ever given the uncertainty around which provisions will be extended or changed.
- Estate and gift tax exemptions could be reduced substantially if Congress does not act, so accelerating gifts may help move assets out of estates before year-end.
The document discusses various topics related to taxes, including:
- The age group that represents the highest percentage of taxpayers in 2018 is 25-44 years old. Younger age groups have seen sharper increases in taxpayers from 2008-2018.
- There are four requirements to determine if you must file a tax return: age, filing status, dependency status, and annual gross income.
- It may be beneficial to file a tax return even if you don't meet the requirements in order to receive tax refunds from withholdings or credits you're eligible for.
- The federal government will not reach out to you if you are owed a tax refund - you need to file to receive any refund.
Post Election Special Edition Whitepaper: Eye on WashingtonCBIZ, Inc.
*Key Issues in the Tax Reform debate
*Important Dates
*What Happened in Congress?
*The Fiscal Cliff
*The PAYGO Rules
*The Tax Writing Committees
*The President’s Tax Reform Plan
*Other Tax Issue
For more information, visit www.cbiz.com or contact the author.
The document discusses key aspects of the United States tax system, including:
1) It describes the major types of taxes citizens pay, including income tax, payroll tax, property tax, sales tax, and excise tax. Income and payroll taxes are the largest sources of revenue for the government.
2) It explains that the U.S. uses a progressive tax system where lower income individuals pay a lower percentage of their income in taxes compared to higher income individuals who pay a higher percentage.
3) Several factors can impact the amount of taxes individuals pay including their salary, the state they live in, and the local cost of living. These factors determine both marginal and effective tax rates.
Slides from June 30, 2016 Committee for a Responsible Federal Budget webinar on the June 2016 paper "Promises and Price Tags: A Fiscal Guide to the 2016 Election." Watch the video at http://www.crfb.org/events/watch-promises-and-price-tags-fiscal-guide-2016-election.
This document provides an overview and summary of key topics covered in a macroeconomics lecture and final exam, including:
- The final exam will cover chapters 17-21 and topics like the government budget, taxes, deficits, debt, fiscal policy, and supply-side economics.
- The government uses taxes and spending to achieve the objectives of low unemployment and low inflation. It collects income, social security, and other taxes and runs deficits when spending exceeds revenues.
- Fiscal policy uses changes in government spending and taxes to expand or contract aggregate demand and output in the economy. However, crowding out and multipliers may reduce the impact of fiscal policy.
- Supply-side policies like lower marginal
GAMABrief: Preparing for the Capital Gains Tax HikeChristina Gagnier
Tax season is just around the corner and changes to the capital gains tax rates will affect taxpayers filing their returns at the beginning of 2014. If you sold capital assets during 2013, you might be subject to the increased rates. This brief provides important information on preparing for the capital gains tax hike.
Capital gains tax is the tax on capital asset profits—the profit made from selling an item bought for personal investment. On January 1, 2013, the government passed the American Taxpayer Relief Act of 2012 (ATRA). The ATRA added a top federal income bracket of 39.6% and increased the long-term capital gains tax rate to 20% starting in the 2013 tax year.
The document discusses different types of taxes paid by Americans and how tax revenue is used by the federal government. It describes major tax types like income tax, corporate tax, payroll taxes, excise taxes, estate and gift taxes, and sales taxes. It also explains how tax revenue is used to fund government operations and services, how the federal budget is created by Congress and the President, and what happens when government spending exceeds tax revenue, including cutting costs, raising taxes, or increasing the national debt.
The document discusses different types of taxes paid by Americans and how tax revenue is used by the federal government. It describes major tax types like income tax, corporate tax, payroll taxes, excise taxes, estate and gift taxes, customs duties, and sales taxes. It also discusses how tax revenue is spent on government programs and services, how the federal budget is created, and what happens when costs exceed tax revenue through cutting spending, raising taxes, or increasing the national debt.
The Tax Cuts and Jobs Act of 2017 made significant changes to the US tax code that will impact taxpayers. It lowered tax rates for individuals and doubled the standard deduction. However, it also capped state and local tax deductions, eliminated miscellaneous deductions, and increased the child tax credit. The act is temporary and many provisions will expire after 2025. Taxpayers need to check their withholding and adjust their W-4 forms to avoid underpayment of taxes owed or overpayment resulting in smaller refunds.
The document outlines key aspects of the US individual income tax system. It discusses tax rates and taxable income calculations for individuals, including standard deductions, exemptions, and tax credits. It also covers taxation of capital gains and losses, as well as special tax provisions for homeowners, students, charitable donations, and more. Tax rates are provided for single, married, head of household, and other filing statuses.
United States Transformation - Trump Era of Government Beginspaul young cpa, cga
This presentation looks a issues facing the United States. The presentation will include key stats as reference point as United States changes from a Democratic led government to Republican government in November 2016.
This document discusses a graduated income tax plan proposed for Michigan that would cut taxes for 95% of state residents. Key points:
- The plan would establish a graduated income tax scale to make everyone pay an equal share of taxes based on their income, rather than high-income individuals paying a smaller share.
- Under the plan, a family making $80,000 would save $600 per year in taxes, an 18% cut. More than 4.4 million filers would receive an $830 million total tax cut.
- 89% of business owners would receive a tax cut as well. The plan aims to stimulate economic growth and help small business owners.
- A family making $50,
This document summarizes a report by the American Legislative Exchange Council (ALEC) on the costs of tax cronyism. It defines tax cronyism as using tax policy to benefit specific firms or industries rather than having broadly applicable, neutral tax rules. The report argues that tax cronyism stifles competition and economic growth. It suggests eliminating tax cronyism through revenue-neutral tax reforms or increased transparency and analysis of such policies to ensure they create economic growth beyond their costs. The report estimates that tax carve-outs in the US total around $488 billion annually but notes tax cronyism is difficult to quantify fully due to lack of transparency.
November 2016 caused a big shift in U.S. ideology and it also is responsible for a flurry of tax changes. With his Tax Cuts and Jobs Act of 2017, Donald Trump made changes to tax rules for Americans living at home and abroad. A big change for those living abroad are the repatriation tax rules.
This document summarizes key points from Paul Young's presentation on government policy and household income in Canada in 2016. It includes:
- Job losses forecasted from minimum wage increases range from 50,000 to 185,000 jobs lost.
- Median household incomes grew the most in Nunavut, Saskatchewan, Newfoundland and Labrador, Northwest Territories, Alberta, and Manitoba from 2005-2015. Income growth was lowest in Quebec and Ontario.
- The presentation discusses trends in household income, low income rates, energy poverty, and taxation policies across Canada.
Tax Foundation University 2017, Part 3: Modeling Tax Changes — Which Help, Wh...Tax Foundation
This lecture explores how the consequences of policy options can be determined and why they should guide the reform effort. The Tax Foundation's Taxes and Growth Dynamic Tax Model will be demonstrated.
Also discussed: the benefits and limitations of dynamic vs. static analysis and scoring of tax changes, which tax features harm growth the most, which potential reforms help the most, and which revenue offsets hurt the least. Differing views of how to predict the effects of tax changes on economic growth, how different models view the effect of the federal budget deficit and the Federal Reserve on the outcomes, and the proper role of monetary policy.
Register for Tax Foundation University Online here: https://taxfoundation.org/tax-foundation-university-remote/#enroll
Federal budget slide show civic club versionAlex Cardenas
This document discusses myths and realities about the US federal budget and deficits. It contends that tax policies rather than spending have mainly driven deficits since 1981. While spending cuts could help, the largest expenditure - wars and the military - is often treated as untouchable. It also argues that solving budget problems requires addressing growing inequality in wealth and political power between the richest 10% and everyone else. Specific myths debunked include claims that Social Security and Medicare contribute to deficits, and that tax cuts for the wealthy encourage job creation. Charts show how spending has changed under Democratic and Republican presidents.
Tax Foundation University 2017, Part 4: A Close Look at Some Major Reform PlansTax Foundation
The document discusses different tax policies and their economic effects. It provides an overview of the Tax Foundation's TAXES AND GROWTH (TAG) model for analyzing these effects. The TAG model uses a neoclassical framework to estimate how changes to taxes impact the economy by altering the costs of labor and capital. The document examines several past tax reforms, including the Kennedy tax cuts of 1962-1964, the Reagan tax cuts of 1981, and the 1986 tax reform. It summarizes the TAG model's estimates of the economic and revenue effects of these policies based on their impacts on GDP, wages, business investment, and job growth.
Current Thinking, November/December 2012Kevin Lenox
- If lawmakers cannot agree on a deal by the end of the year to avoid the "fiscal cliff", $560 billion in tax increases and $136 billion in spending cuts will automatically go into effect in 2013, resulting in a 3.6% decline in GDP and average household tax bills rising by $3,500.
- With many popular tax deductions and credits set to expire, tax planning strategies are more important than ever given the uncertainty around which provisions will be extended or changed.
- Estate and gift tax exemptions could be reduced substantially if Congress does not act, so accelerating gifts may help move assets out of estates before year-end.
The document discusses various topics related to taxes, including:
- The age group that represents the highest percentage of taxpayers in 2018 is 25-44 years old. Younger age groups have seen sharper increases in taxpayers from 2008-2018.
- There are four requirements to determine if you must file a tax return: age, filing status, dependency status, and annual gross income.
- It may be beneficial to file a tax return even if you don't meet the requirements in order to receive tax refunds from withholdings or credits you're eligible for.
- The federal government will not reach out to you if you are owed a tax refund - you need to file to receive any refund.
Post Election Special Edition Whitepaper: Eye on WashingtonCBIZ, Inc.
*Key Issues in the Tax Reform debate
*Important Dates
*What Happened in Congress?
*The Fiscal Cliff
*The PAYGO Rules
*The Tax Writing Committees
*The President’s Tax Reform Plan
*Other Tax Issue
For more information, visit www.cbiz.com or contact the author.
The document discusses key aspects of the United States tax system, including:
1) It describes the major types of taxes citizens pay, including income tax, payroll tax, property tax, sales tax, and excise tax. Income and payroll taxes are the largest sources of revenue for the government.
2) It explains that the U.S. uses a progressive tax system where lower income individuals pay a lower percentage of their income in taxes compared to higher income individuals who pay a higher percentage.
3) Several factors can impact the amount of taxes individuals pay including their salary, the state they live in, and the local cost of living. These factors determine both marginal and effective tax rates.
Slides from June 30, 2016 Committee for a Responsible Federal Budget webinar on the June 2016 paper "Promises and Price Tags: A Fiscal Guide to the 2016 Election." Watch the video at http://www.crfb.org/events/watch-promises-and-price-tags-fiscal-guide-2016-election.
This document provides an overview and summary of key topics covered in a macroeconomics lecture and final exam, including:
- The final exam will cover chapters 17-21 and topics like the government budget, taxes, deficits, debt, fiscal policy, and supply-side economics.
- The government uses taxes and spending to achieve the objectives of low unemployment and low inflation. It collects income, social security, and other taxes and runs deficits when spending exceeds revenues.
- Fiscal policy uses changes in government spending and taxes to expand or contract aggregate demand and output in the economy. However, crowding out and multipliers may reduce the impact of fiscal policy.
- Supply-side policies like lower marginal
GAMABrief: Preparing for the Capital Gains Tax HikeChristina Gagnier
Tax season is just around the corner and changes to the capital gains tax rates will affect taxpayers filing their returns at the beginning of 2014. If you sold capital assets during 2013, you might be subject to the increased rates. This brief provides important information on preparing for the capital gains tax hike.
Capital gains tax is the tax on capital asset profits—the profit made from selling an item bought for personal investment. On January 1, 2013, the government passed the American Taxpayer Relief Act of 2012 (ATRA). The ATRA added a top federal income bracket of 39.6% and increased the long-term capital gains tax rate to 20% starting in the 2013 tax year.
The document discusses different types of taxes paid by Americans and how tax revenue is used by the federal government. It describes major tax types like income tax, corporate tax, payroll taxes, excise taxes, estate and gift taxes, and sales taxes. It also explains how tax revenue is used to fund government operations and services, how the federal budget is created by Congress and the President, and what happens when government spending exceeds tax revenue, including cutting costs, raising taxes, or increasing the national debt.
The document discusses different types of taxes paid by Americans and how tax revenue is used by the federal government. It describes major tax types like income tax, corporate tax, payroll taxes, excise taxes, estate and gift taxes, customs duties, and sales taxes. It also discusses how tax revenue is spent on government programs and services, how the federal budget is created, and what happens when costs exceed tax revenue through cutting spending, raising taxes, or increasing the national debt.
The Tax Cuts and Jobs Act of 2017 made significant changes to the US tax code that will impact taxpayers. It lowered tax rates for individuals and doubled the standard deduction. However, it also capped state and local tax deductions, eliminated miscellaneous deductions, and increased the child tax credit. The act is temporary and many provisions will expire after 2025. Taxpayers need to check their withholding and adjust their W-4 forms to avoid underpayment of taxes owed or overpayment resulting in smaller refunds.
The document outlines key aspects of the US individual income tax system. It discusses tax rates and taxable income calculations for individuals, including standard deductions, exemptions, and tax credits. It also covers taxation of capital gains and losses, as well as special tax provisions for homeowners, students, charitable donations, and more. Tax rates are provided for single, married, head of household, and other filing statuses.
United States Transformation - Trump Era of Government Beginspaul young cpa, cga
This presentation looks a issues facing the United States. The presentation will include key stats as reference point as United States changes from a Democratic led government to Republican government in November 2016.
Ontario has debt that requires annual servicing payments. The document discusses Ontario's annual debt service by year and its credit rating based on bonding rating systems. Ontario receives a specific credit rating based on its ability to repay debt obligations.
This presentation will look at the border crisis related to refugees crossing the border from United States into Canada. The presentation will look at cost as well as well public safety issues facing Canadians.
Los átomos se unen a través de tres tipos principales de enlaces: iónicos, covalentes y metálicos. Los enlaces iónicos involucran la transferencia de electrones entre átomos metálicos y no metálicos, formando iones con cargas opuestas atraídas entre sí. Los enlaces covalentes ocurren cuando átomos no metálicos comparten pares de electrones. Los enlaces metálicos involucran la pérdida de electrones por átomos metálicos que forman una nube de electrones que
L'Ojim met à votre disposition une infographie détaillée et à jour sur la station Europe 1 : l'histoire, l'évolution au fil du temps, les journalistes.
Infographie : Patrick Drahi, à la fortune du câble !Claude Chollet
Le roi du câble, l'homme de réseaux, l'homme des médias internationaux : retrouvez en une infographie l'essentiel des informations relatives à l'homme d'affaires et entrepreneur franco-israélien Patrick Drahi.
The document outlines the US electoral process and then discusses factors that contributed to Hillary Clinton's loss to Donald Trump in the 2016 presidential election, including Clinton's strategy, focus on white working class voters, and the FBI investigation into her emails. It also lists many of Trump's major campaign promises related to jobs, immigration, healthcare, and national security issues like ISIS. The document concludes by listing several international policy areas that could be impacted by a Trump presidency, such as trade deals, relations with China, and climate change agreements.
The document provides an overview of key concepts in India's Income Tax Act of 1961, including that it extends to all of India and sets tax rates annually. It defines income broadly to include various sources like salary, business profits, capital gains, and more. An assessee is anyone liable to pay tax, including individuals, HUFs, companies, and firms. The previous year refers to the year income is earned and taxed the following assessment year. Exceptions apply for some incomes taxed in the year before the normal assessment year. Returns must be filed by certain categories and assessments include reassessments.
Canadian Government debt can lead to program cuts and taxation increase down ...paul young cpa, cga
This presentation will look at all aspects of government debt including net debt, interest cost and bond rating.
Government debt is a key are for people to understand as it reflect decisions by government in terms of paying down the debt.
The document discusses various aspects of income tax in India such as residential status, types of income, tax rates, deductions, and allowances. It provides definitions for key terms, outlines the process for determining residential status, and specifies tax treatment and exemptions for different types of income like salary, gratuity, pension, and perquisites. The document also details income tax slabs and surcharge rates for individuals, HUFs, firms, and companies.
Donald Trump is an American real estate developer and businessman who owns the Trump Organization. Some of his business ventures include real estate development, hospitality, entertainment, and branding deals. He graduated from the Wharton School of the University of Pennsylvania and took over his father's real estate business in 1971. Trump is known for his lavish lifestyle and real estate projects in New York City as well as his reality television show The Apprentice. While some of his ventures have ended in bankruptcy, he prides himself on his ability to recover from setbacks and think ambitiously.
The document summarizes potential tax implications under President Trump and a Republican-controlled Congress. It discusses Trump's tax proposals to significantly cut corporate and individual tax rates, increase standard deductions, repeal the estate tax and the AMT. It also outlines the GOP's tax reform plan and provides 10 planning ideas, including accelerating deductions in 2016 before expected changes in 2017. Overall, it conveys that major tax code overhaul is expected which could reduce taxes but also limit deductions.
Dave Rocker: Tax reform is difficult but effective if done rightDave Rocker
The real goal of tax reform should be to reduce the nation's debt as a percentage of GDP. Cuts for the sake of cuts will lead to short term wins but long-term calamity.
Post-Election: What You Need to Know for Tax PlanningSkoda Minotti
1. The document summarizes proposed business and individual tax changes under plans by Trump and House Republicans, as well as tax provisions recently made permanent or extended by the PATH Act.
2. Key proposed business changes include significantly lowering the corporate tax rate, providing a preferential rate for pass-through businesses, and allowing full expensing of capital expenditures.
3. Key proposed individual changes include reducing the number of tax brackets, nearly doubling the standard deduction, repealing the AMT and estate tax, and capping itemized deductions.
An overview of current tax reform proposals and potential implications. Overview of business implications with Chairman Camp's 2014 discussion draft, Senator Hatch's 2014 report on tax reform, corporate integration, House tax reform task force, and The Trump Plan.
This document summarizes several major tax reform proposals in the United States, including Chairman Camp's 2014 proposal, Senator Hatch's 2014 report, the Ryan Plan, and proposals from Trump. Key elements discussed are lowering corporate tax rates, reducing individual tax brackets, eliminating certain deductions, moving to a territorial system, and replacing parts of the Affordable Care Act. Major disagreements between Republican plans are also outlined.
Stephen Harper and CPC (Conservative Party of Canada) fiscal record is a cata...paul young cpa, cga
This presentation discusses Harper as well as other governments in Canada as part of highlighting how each government responded to the issues they faced while governing Canada.
This presentation will highlight the fact many people will have a say when it comes to Harper as well as Justin Trudeau and the Liberals. It is up to individuals to not take anybody's word at face value!
- The document discusses Canada's debt-to-GDP ratio, which measures government debt as a percentage of GDP. It notes that Canada has one of the lowest debt-to-GDP ratios in the G7.
- It examines fiscal policies and spending/deficits under different governments in Canada. Austerity measures in the 1990s under Paul Martin focused on spending cuts rather than tax increases.
- Data on debt-to-GDP ratios, government spending, taxation, surpluses and deficits over time in Canada are presented from various sources to analyze fiscal trends and debates around these issues.
This document discusses Canada's budget surplus debate between the Conservatives and Liberals. It provides background on Paul Young and his expertise. The main points discussed are:
- Paul Martin left a $13B surplus when he stepped down, which the Conservatives inherited
- The Conservatives reduced taxes but also increased transfers to provinces, putting more money back into the economy
- Both the Liberals and Conservatives supported stimulus spending during the 2008-2009 recession
2018 Pennsylvania Tax Update: The State Budget, Legislation, and Multistate T...McKonly & Asbury, LLP
This webinar was hosted by McKonly & Asbury Senior Tax Manager and SALT Leader, Michael Eby, and Tax Supervisor, Lindsey Waltemyer.
It provides an overview of the enacted 2017-2018 Pennsylvania State Budget; a brief update on recently passed Pennsylvania tax legislation and court decisions of interest; and discusses how states, including Pennsylvania, are addressing these changes at the Federal level in their own respective tax structure.
Many different groups will write paper and/or articles on government from their perspective. It is important for readers to review all sources when it comes to debating various government policies
Justin Trudeau constantly calls out the Harper era like he did in 2015. The problem is Trudeau never discuss details as the details tell a different picture.
With Republicans controlling both chambers of Congress and the Presidency, it is reasonable to expect that traditional Republican policy priorities will be enacted. One prominent priority is comprehensive tax reform that significantly lowers the corporate tax rate.
The document summarizes the key provisions of the American Taxpayer Relief Act of 2012, which addressed the "fiscal cliff" issues. Some of the key points included:
- Income tax rates were made permanent at 10-35% instead of increasing. A 39.6% rate applied to income over $400,000/$450,000.
- The capital gains and dividend rates were made permanent at 0-20% instead of increasing, with the higher rates applying to income over $400,000/$450,000.
- The AMT exemptions were made permanent, providing relief to many taxpayers.
- Personal exemption and itemized deduction phaseouts were reinstated for higher income taxpayers.
This document discusses issues facing small businesses in Canada, including rising minimum wages, hydro rates, carbon taxation, CPP hikes, and proposed changes to small business taxes. It notes that 80% of new jobs are created by small businesses and questions if they are reaching a breaking point under increasing costs and regulations. The document also examines issues facing governments in trying to raise tax revenues amid challenges like slow economic growth. It proposes alternatives to the current small business tax proposals to better support entrepreneurship and small business growth.
This document compares the economic policies and records of the Harper/CPC and Trudeau/LPC governments in Canada. It discusses GDP growth, deficits, austerity measures, tax policies, global rankings, and issues like affordability, the environment, and poverty. The document provides data and statistics to argue that Trudeau's economic policies have not improved GDP or jobs and that Harper restored funding after austerity cuts while keeping taxes low and competitive globally.
Similar to President Donald Trump (USA) will face pressure to cut taxes and eliminate the deficit (20)
Retail Sales and Consumer Spending Analysis and Commentary - July 2023.pptxpaul young cpa, cga
Canadian retail sales dropped 0.3% in August, the first decline since March, as higher interest rates start to impact household budgets. Seven of the nine retail subsectors saw sales increases in July, led by food and beverage retailers, while motor vehicle and parts dealers saw the largest decrease. Excluding autos, retail sales in July rose 1%, double expectations. The report suggests Canadians are tightening spending as more face higher mortgage payments and gas prices due to Bank of Canada rate hikes aimed at slowing inflation.
Addressing issues with the Public Sector Governance Model.pptxpaul young cpa, cga
The key challenges facing Australian business leaders in 2023 include:
1. Talent acquisition, retention and training staff for digital transformation.
2. Implementing successful digital transformation while managing cyber risks.
3. Adapting to changing regulations and reporting requirements.
Health risks from COVID-19, social reputation concerns, and disruptive emerging technologies are also significant social challenges impacting Australian businesses. Over the next 3-5 years, talent management for digitization, cybersecurity, digital transformation, regulatory changes, and identifying new growth opportunities will be the top challenges according to business leaders.
Global Housing Market Analysis and Commentary- September 2023.pptxpaul young cpa, cga
Summary:
Homebuilders are walking a fine line when it comes to new projects as high mortgage rates curb demand.
New residential construction, including single-family homes and multifamily, dropped 11.3% month over month in August to 1.283 million units on a seasonally adjusted basis, according to Census Bureau data released Tuesday. That's down 14.8% compared with a year ago and well below the 1.44 million units economists surveyed by Bloomberg projected.
But authorized residential permits — an indicator of potential future activity — rose 6.9% to 1.543 million permits in August from July. That was still down 2.7% from last August. Single-family permits, though, were up 2% from July to 949,000. Multifamily permits came in at 535,000.
The data reflects two opposing forces builders are trying to balance: the ongoing need for new construction to fill in limited inventory and elevated mortgage rates that are hurting their biggest customer right now, the first-time homebuyer.
"High mortgage rates are clearly taking a toll on builder confidence and consumer demand, as a growing number of buyers are electing to defer a home purchase until long-term rates move lower," Robert Dietz, chief economist of the National Association of Home Builders, said Monday in a press release after builder confidence dropped for the second straight month.
Source: https://ca.finance.yahoo.com/news/homebuilders-face-a-tough-balancing-act-on-new-construction-amid-high-mortgage-rates-130744368.html
Blog – What is next for the Mining Sector – September 2023
The mining sector provides critical material that support solar, wind, and lithium-ion batteries as part of the green transition. https://www.iea.org/news/critical-minerals-market-sees-unprecedented-growth-as-clean-energy-demand-drives-strong-increase-in-investment
The mining sector products play a key role with the global GDP - https://www.yicaiglobal.com/news/global-mining-industry-value-was-69-of-world-gdp-last-year-china-says
Mining practices need to be sustainable including following all ESG policies - https://www.linkedin.com/advice/1/how-can-you-monitor-sustainable-mining-practices
Other links and sources –
Lithium Supply and Price - https://zbr.com.mx/en/sin-categoria-es/lithium-prices-fall-44-in-china-due-to-lack-of-demand/138168/
Cobalt - https://www.linkedin.com/posts/mahmut-karada%C5%9F-a2b7a5151_china-exportrestrictions-gallium-activity-7082603182589157376-Zrty/?trk=public_profile_like_view
Nickel https://www.eureporter.co/business/2023/09/15/stanislav-kondrashov-from-telf-ag-nickel-prices-outlook-remains-positive/
Iron-ore - https://www.brecorder.com/news/40263584/sgx-iron-ore-set-for-best-week-in-3-months
TD Bank / Metals - https://www.tdsecurities.com/ca/en/setting-the-stage-for-gold-outlook
Biodiversity / Mining - https://worldcrunch.com/green/lithium-green-energy-argentina-indigenous
ESG - https://iriscarbon.com/the-added-value-of-integrated-esg-reporting-a-threefold-framework/
Blog – Manufacturing Shipments and Orders – The United States – August 2023
Summary:
New orders for manufacturing technology in the United States totaled $353.9 million in July 2023, as per the latest report by AMT – The Association For Manufacturing Technology. This figure marked a 12.4% decline from June 2023 but remained only 10.5% lower than July 2022. Year-to-date orders amounted to $2.83 billion, reflecting a 12.7% decrease compared to the same period the previous year.
Douglas K. Woods, President of AMT, noted that July is typically a slower month for manufacturing technology orders, so a slight drop was expected. However, he pointed out a notable trend: over the last two months, the year-to-date order gap has narrowed during historically slow periods. While job shops have seen decreased orders, other industries that benefited from reshoring or government investments have helped fill the gap.
Among specific sectors, job shops, the largest customer segment, placed their lowest total monthly orders since August 2020. In contrast, metal valve manufacturers recorded their third-highest monthly order value on record, last seen in September 2018, making up nearly 5% of the total manufacturing technology order value for July 2023. Manufacturers of motor vehicle transmissions continued to order machinery at an elevated pace. However, the aerospace industry continued to order below its early 2022 peaks, with hopes that recent projects like the federal government's $1.5 billion investment in communications satellites might reverse this trend.
Source: https://www.sme.org/technologies/articles/2023/september/u.s.-manufacturing-technology-orders-dip-in-july-but-show-resilience-amid-economic-uncertainty
Stock Market Analysis and Commentary for WE September 15 2023.pptxpaul young cpa, cga
Blog – Analysis and Commentary – Stock Market – WE September 15 2023
Summary:
Stocks fell Friday as investors wrap up a volatile week ahead of the Federal Reserve's policy meeting.
The Dow Jones Industrials tumbled 288.87 points to close out Friday and the week at 34,618.24. At its lows, it completely wiped out Thursday's 332-point rally.
The S&P 500 index sank 54.78 points, or 1.2%, to 4,450.32.
The NASDAQ index plunged 217.72 points, or 1.6%, to 13,708.33.
The Dow held onto a winning week. The S&P 500 and NASDAQ both closed out the week with losses.
Information technology was the worst-performing sector in the S&P 500, down nearly 2%. Adobe shares fell more than 4% even after the software firm posted better-than-expected quarterly results. Shares of Arm Holdings were lower one day after its successful public debut.
Auto stocks General Motors and Stellantis N.V. were higher Friday, while Ford Motor was about flat. Thousands of members of the United Auto Workers went on strike after failing to reach a deal with the automakers Thursday night.
Elsewhere, Lennar shares slid 3%. The home construction firm posted third-quarter results that beat on the top and bottom lines.
On the economic front, the University of Michigan's consumer sentiment survey showed one-year inflation expectations dropped to 3.1% in
September, tied for the lowest since January 2021. Also, the five-year outlook fell to 2.7%, matching its lowest since December 2020.
- Canadian manufacturing sales increased 1.6% in July, led by higher sales in food products, petroleum and coal products, and transportation equipment. Paper and plastics sales decreased the most.
- Inventory levels increased slightly while unfilled orders decreased, pointing to a potential slowdown.
- The manufacturing sector in Canada will continue to face challenges such as global economic uncertainty, rising costs, supply chain issues, climate change risks, and skills shortages.
Electricity Analysis - Canada and the OECD - June 2023.pptxpaul young cpa, cga
Summary:
Over three-quarters of the world’s total coal-generated electricity is consumed in just three countries. China is the top user of coal, making up 53.3% of global coal demand, followed by India at 13.6%, and the U.S. at 8.9%.
Burning coal—for electricity, as well as metallurgy and cement production—is the world’s single largest source of CO2 emissions. Nevertheless, its use in electricity generation has actually grown 91.2% since 1997, the year when the first global climate agreement was signed in Kyoto, Japan.
However, even as non-renewables enjoy their time in the sun, their days could be numbered.
In 2022, renewables, such as wind, solar, and geothermal, represented 14.4% of total electricity generation with an extraordinary annual growth rate of 14.7%, driven by big gains in solar and wind. Non-renewables, by contrast, only managed an anemic 0.4%.
The authors of the Statistical Review do not include hydroelectric in their renewable calculations, even though many others, including the International Energy Agency, consider it a “well-established renewable power technology.”
With hydroelectric moved into the renewable column, together they accounted for over 29.3% of all electricity generated in 2022, with an annual growth rate of 7.4%.
Source - https://energynow.ca/2023/09/infographic-what-electricity-sources-power-the-world-see-them-here-visual-capitalist/
Logistics Warehousing Transportation and Distrbution Analysis and Commentary ...paul young cpa, cga
The document provides an overview of key metrics and trends in the logistics, warehousing, distribution, and transportation sector. It includes data on consumer price index, diesel fuel costs, freight indexes, e-commerce sales, retail sales, class 8 truck sales, EPA emissions standards, trailer sales, and tonnage. It also discusses supply chain management solutions like planning analytics, blockchain, and AI assistants. Finally, it touches on topics like infrastructure spending, automation, and ESG reporting.
Retail Sales and Consumer Spending Analysis and Commentary - United States - ...paul young cpa, cga
United States retail sales rose 0.6% in August despite flat sales at internet retailers after Amazon Prime Day. Most of the increase was due to higher gasoline prices. While consumer spending has been strong, higher interest rates and a slowdown in hiring are expected to restrain purchases in the coming months. Forecasters predict the 2023 holiday shopping season could be the weakest in five years due to economic challenges facing consumers. The retail sector continues facing inventory management challenges and social governance issues.
How to improve the Governance Model for the Public Sector - United States - S...paul young cpa, cga
This document provides a summary of strategies to improve governance in government. It discusses factors that impact governance like transparency and accountability. It recommends using performance audits to assess key performance indicators and ensure recommendations are implemented. Other strategies include improving data ethics and literacy, mitigating geopolitical risks, adopting ESG reporting, and using technology like audit analytics and AI to enhance governance. The overall goal is for government to deliver programs and tax policies with value for money and transparency.
This document provides an analysis of the agriculture output and equipment sector for August 2023. It includes discussions of commodity prices, crop estimates, energy prices, food prices, farming incomes, top farming states, food processors, and the role of technology and government in farming. Key points covered include rising input costs challenging farmers, preliminary crop estimates for Canada, volatility in oil and diesel prices impacting farm expenses, and opportunities for data and automation to help address issues in the agriculture industry.
Biotech Pharmaceutical Medical Equipment and Supplies - Analysis - September ...paul young cpa, cga
This document provides an overview and agenda for a presentation on the biotech, pharmaceutical, and healthcare sector. It includes:
- An introduction and biography of presenter Paul Young CPA CGA
- An agenda covering topics like vaccine production, drug discovery, innovation in areas like storage and AI, and the life sciences strategy
- Links and summaries of information on these topics, including the top vaccine manufacturers, regulations in Canada, and growth in the pharmaceutical market
The presentation aims to discuss key areas of the biotech/pharmaceutical sector including vaccine development and production, drug discovery, innovation, and strategies for the life sciences industry. Links and outside sources are provided to support the topics in the agenda.
Better Public Safety Management using Analytics - September 2023.pptxpaul young cpa, cga
This document discusses using analytics to improve public safety management. It outlines rising public safety costs for governments and key issues facing policing like complex crimes and accountability. The document presents crime rate data for Canada and discusses building machine learning models in SPSS and dashboards in Cognos Analytics to analyze police data and forecast expenses. Finally, it lists potential next steps for crime in Canada like bail and corrections reforms, gun control, and increased police oversight.
Stock Market Analysis and Commentary for WE September 9 2023.pptxpaul young cpa, cga
What did the markets tell us this week?
1. Housing supply and costs continue to plague countries around the world.
2. Gasoline prices are on the rise that puts pressure on central banks ability to hit their core inflation targets.
3. ESG adoption by both the private and public sector is leading to both funding concerns and the overall cost of implementing ESG policies.
4. Adopting technology as part of increasing food production is facing both capital and operational funding concerns.
5. Strike at LNG facility in Australia is leading to concerns around a supply chain disruption of natural gas for EMEA and Asia.
6. The threat of China dumping batteries into markets - https://www.ft.com/content/b6038e51-7b5b-4f97-a5da-9202e71562fc
7. Adoption of generative AI has been facing many challenges related to security, privacy, and ethical issues.
8. Lack of biodiversity planning as part of the overall climate mitigation including sustainable mining, forestry, oil, gas, agriculture, and housing
9. Geopolitical issues continue to impact supply chain.
10. The concerns of recession continue to plague both the private and public sector.
11. Productivity issues continue to plague governments around the world.
Workforce Planning and Employment Analysis - August 2023.pptxpaul young cpa, cga
The document discusses workforce planning and employment analysis. It provides an overview of employment statistics in the United States, Canada, and Australia. It then discusses Sysco's workforce planning model and the role of the CFO in workforce planning. Finally, it defines autonomous finance as the automation of financial operations through software and algorithms, and provides some key statistics on its adoption.
Global Automotive - Analysis and Commentary - August 2023.pptxpaul young cpa, cga
This presentation provides an overview of key trends in the global automotive sector in August 2023. It discusses 1) sales trends in Canada, the US and globally, 2) the growth of electric vehicles and focus on reducing emissions, and 3) ongoing transformation in the industry through automation, connectivity and new technologies. Sources included discuss topics like electric vehicle production and adoption, public safety issues regarding EV fires, gasoline and car prices, supply chain challenges, and green transitions in transportation.
Global (Mining Oil and Gas Forestry and Agriculture) Analysis and Commentary ...paul young cpa, cga
The mining, oil, gas, agriculture, forestry, and mining continue to face environmental, social, and governance policy review including reporting of key metrics as part of ESG reporting cycle.
There is more focus on profitability and investment returns as part of the integrated planning and reporting cycle.
Summary:
The global economy faces what at least one forecaster is calling a mild trade recession as shipments from China slump and German factories downshift.
China’s export declines extended into August, though there were signs that the worst of a world trade slowdown may be over for the leading exporter.
Overseas shipments from China fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than economists’ estimates and significantly less severe than July’s downturn.
Other data have suggested trade may be stabilizing after weakening for most of this year. Exports from South Korea also declined at a more moderate pace in August than the previous month.
Source: https://www.bloomberg.com/news/newsletters/2023-09-07/supply-chain-latest-world-trade-faces-a-shallow-recession?srnd=economics-v2
Additional sources and links:
Lithium - https://source.benchmarkminerals.com/article/falling-lithium-prices-challenge-potential-cost-advantages-of-sodium-batteries
Oil Production - https://www.cnn.com/2023/09/06/business/oil-price-goldman-sachs/index.html
Natural gas - https://www.fxstreet.com/news/natural-gas-holds-up-as-markets-in-limbo-over-strikes-202309070956
Lumber - https://www.fastmarkets.com/insights/sawmill-capacity-closures-reshape-us-lumber-supply
Critical metals - https://www.wasterecyclingmag.ca/feature/how-recycling-could-solve-the-shortage-of-minerals-essential-to-clean-energy/
Agriculture - https://www.morningagclips.com/economists-forecast-positive-end-of-year-crop-outlook-despite-warmer-midwestern-climate/
ESG - https://www.skadden.com/insights/publications/2023/09/the-informed-board/the-eus-new-esg-disclosure-rules
Ports - https://www.marketscreener.com/quote/stock/HAPAG-LLOYD-AG-24857717/news/Hapag-Lloyd-chief-warns-of-rougher-seas-ahead-for-container-shipping-44789017/
Top destination for reshoring - https://www.thenationalnews.com/business/economy/2023/08/29/uae-in-top-10-most-powerful-passports-for-investment-opportunity/
Global Trade - https://phys.org/news/2023-09-opinion-broke-global-climate-finish.html
What is next for the Forestry Sector and Lumber Production - September 2023.pptxpaul young cpa, cga
Lumber production in Canada continues to face many hurdles
Canada forest management practices are some of the bests in the world
Canada planted over 440M in seedlings back in 2018. It is now 2022 which means close 2M seedlings have been planted.
All levels need to put more focus on urban and rural planning solutions
More work including spending on wildfire and forest fire mitigation
Canada and USA need to find a path forward to resolve the softwood lumber dispute
There needs to a better balanced between climate change policies and growing the economy in a sustainable way
3D printing for housing needs to become mainstream
More protection needs to happen with key ecosystems like wetlands, forest, and peatlands.
There is a risk of debt default if interest rates are hike over the next few months
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
Governor Olli Rehn: Inflation down and recovery supported by interest rate cu...
President Donald Trump (USA) will face pressure to cut taxes and eliminate the deficit
1. CANADA AND USA –
INCOME TAX COMPARISON
BY: PAUL YOUNG CPA, CGA
DATE: FEBRUARY 27, 2017
2. BIO – AUTHOR – PAUL YOUNG
• Paul Young
• CPA, CGA
• 15+ years in Corporate Finance
• 12+ years in Financial Solution
• 8 years in Academia
• Blogger on Financial Solutions, Economic Indicators and Government Policies
4. CORPORATE TAX RATES (FEDERAL)
• Source – CRA and Tax Policycenter.org
The basic rate of Part I tax is 38% of your taxable
income, 28% after federal tax abatement.
After the general tax reduction, the net tax rate is 15%.
For Canadian-controlled private corporations claiming
the small business deduction, the net tax rate is 10.5%.
The revised Trump plan would cut the top
corporate tax rate from 35 percent to 15 percent.
Owners of pass-through entities (sole
proprietorships, partnerships, and S corporations)
could elect to be taxed at a flat rate of 15 percent
on their pass-through income rather than under
regular individual income tax rates (the top rate
would be 33 percent under the plan, compared
with 39.6 percent under current law). However,
distributions from “large” pass-through
businesses received by owners who elected the
15 percent flat rate would be taxed as dividends.6
5. CANADA REDUCED INCOME TAX
(CORPORATE/BUSINESS)
• Personal Income Tax and Consumption Tax cuts - $30B was put back into peoples pocket (Source – CBC)
Comment:
• Consumer spending
drives 2/3 of the
economy
• Federal Government
introduced TFSA
• Benefited low
to middle class
• People continue to
saved for retirement
6. CANADA FINANCIAL RESULTS
• Source – Government of Canada
Comments
• Canada had a surplus of $13B in 2006
• GST went from 7% to 5%
• Personal Tax Rates were cut
• Spending was increase
7. USA FINANCIAL RESULTS
• Source – The Balance
Comment:
• USA needs to eliminate
their deficit
• Tax cuts will be mean
spending cuts also
must happen
• Trump has put federal
hiring freeze (except
Military
8. DEPARTMENTAL SPENDING
• US Government
Comment
• All budgets (except
defense) likely need to be
cut by 5-8%)
9. SUMMARY
• Trump plans to carry forward with tax cuts similar to what CPC did under Harper -
https://www.youtube.com/watch?v=yOl37VcG89c .
• Trump will face pressure to reign in on the government debt including eliminating the budget deficit
• Harper and Martin were able to make cuts due to a budget surpluses. The current government is
running $25B deficits which means either spending cuts are required or tax increases/tax credit
eliminations to balance the budget