Tag:
Taxes
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Latest Headlines
Ruth Porat takes a stand on higher taxes
Top executives at Wall Street firms do not often like to charge headfirst into controversial political matters, preferring instead to work private channels. But Morgan Stanley CFO Ruth Porat doesn't seem to mind weighing in on the issue of higher income taxes on the ultra-wealthy.
At a recent
Bank of America rapped over no taxes
We noted that public anger with top financial firms has subsided since the height of the financial crisis and the subsequent bailouts. While that remains true, we have seen a recent spike in public demonstrations against Bank of America ( NYSE: BAC ). One group tried to crash Bank of America's I
Schwarzman likens President to Hitler
Steve Schwarzman, head of the private equity giant Blackstone Group ( Blackstone news), was forced to apologize for his comments that compared the President to Adolph Hitler. The comments reportedly stunned the audience.
This didn't appear to be a move to play to the Tea Party, but rather a
Revenue-hungry pols eye hedge funds
In this season of reform, you can't blame politicians from pondering ways to wring more revenue from hedge funds ( hedge fund news). But it's not as easy as they might think. The hedge fund industry so far has escaped various attempts to raise revenue on their backs. But more attempts are n
Politicians aim to raise tax revenue from hedge funds
The need for tax revenue is acute right now. And hedge funds ( hedge fund news) are an obvious target. So we've seen some attempts at imposing taxes and fees, though none of them appear likely to become law.
A late addition to the historic financial reform bill working through Congress wo
American clients of UBS turn themselves in
The big battle pitting American regulators against the vaunted Swiss banking giant UBS has taken an interesting turn. More American clients are voluntarily identifying themselves to the IRS, in hopes of winning leniency later on, reports USA Today . Recall that the government reached a deferred
