Month: October 2019

Bundling goods or services, usually with a discount, is a common practice in many industries. Whether it’s a fast-food combo or a cable company “triple play,” bundles appeal to the market because consumers believe they are getting a better value compared to à la carte pricing. Bundles also appeal to sellers because the discounted packages
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Kenneth Fisher, chief executive officer of Fisher Investments, attends the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images The Employees Retirement System of Texas announced on Friday that it would end its relationship with Fisher Investments, yanking $350 million from the asset manager. “Texas
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Getty We’re in the midst of Medicare’s annual Open Enrollment season, which runs from October 15 through December 7. The decisions made during Open Enrollment are some of the key retirement financial decisions. Surveys show that even the affluent worry that retirement medical expenses will dissipate their wealth. Making shrewd decisions about Medicare coverage is
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Getty There are almost 75 million Baby Boomers—those born between 1946 and 1964—in the U.S. today. Approximately 10,000 of them retire each day. That’s a lot of potential people taking required minimum distributions (RMDs) who may not need them. After age 70 ½, an RMD must be withdrawn from your traditional IRAs and 401(k)s each
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The Public Company Accounting Oversight Board has brought in Holly Greaves, a former CFO at the Environmental Protection Agency, as its new CFO, but not publicly announced the move. “Holly was approved by the board as a corporate officer,” confirmed PCAOB spokesperson Torrie Matous. In her previous job, she had worked under former EPA chief
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Internal Revenue Service Commissioner Charles Rettig issued an order Friday transferring authority over denials of requests for tax appeals to the IRS’s Office of Chief Counsel, despite recent legislation creating an independent Office of Appeals at the IRS. “In a delegation order released today, the IRS Commissioner delegated authority regarding denials of requests to go
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Bad intentions; all adults here; pool party; and other highlights of recent tax cases. Asheville, North Carolina: Orthodontist and tax protestor James MacAlpine, 72, has been sentenced to five years in prison, to be followed by three years of supervised release, and ordered to pay $2,194,849.03 in restitution to the IRS for tax evasion. MacAlpine,
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Today we examine how European countries rank on consumption taxes, continuing our map series on our recently published 2019 International Tax Competitiveness Index (ITCI). The ITCI measures and compares the competitiveness and neutrality of all 36 OECD countries’ tax systems, looking at corporate income taxes, individual taxes, consumption taxes, property taxes, and the international tax
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