Tax Cuts news and trends

Fourth Quarter GDP Growth Revised Lower
Economy // March 28, 2019

In spite of the $1.5 trillion tax cuts put into place at the end of 2017 by President Donald Trump, the economy slowed more than anticipated at the end of 2018. According to a report in TheStreet.com, citing the Commerce Department’s Bureau of Economic Analysis,...

China To Institute Billions Of Dollars In Tax Cuts To Boost Economy
South East Asia // March 05, 2019

China is aiming to boost the economy by tax cuts and infrastructure spending in the billions of dollars range. Reuters, citing Chinese Premier Li Keqiang, reported the Chinese government is aiming for economic growth of between 6 percent and 6.5 percent this year, which is below...

US Economic Growth In 4Q Not As Bad As Expected
Economy // February 28, 2019

With the tax cut in the rear window, the growth in the U.S. economy slowed to an annual rate of 2.6 percent during the last three months of the year. But despite the slowdown compared to the third quarter, results beat economists’ predictions, boding well...

AICPA Wants To Exclude Some SMB Tax Shelters
B2B Payments // February 18, 2019

The American Institute of CPAs (AICPA) has asked the Internal Revenue Service (IRS) to exclude some small businesses (SMBs) from being treated as tax shelters. In a letter sent to the IRS last week, AICPA Tax Executive Committee Chair Annette Nellen explained that while the Tax...

Quick Reads
Virus Expected To Have Long-Term Impact On Travel, X-Border Payments

March 01, 2020
The number of companies and events impacted by the coronavirus’ mass spread now includes the annual Game Developers Conference. The event, originally scheduled for March 16 to March 20 in San Francisco, was canceled after many of the biggest companies expected to attend dropped out, citing concerns about the spread of the virus. The event […]

Fourth Quarter GDP Growth Revised Lower

March 28, 2019
In spite of the $1.5 trillion tax cuts put into place at the end of 2017 by President Donald Trump, the economy slowed more than anticipated at the end of...

China To Institute Billions Of Dollars In Tax Cuts To Boost Economy

March 05, 2019
China is aiming to boost the economy by tax cuts and infrastructure spending in the billions of dollars range. Reuters, citing Chinese Premier Li Keqiang, reported the Chinese government is aiming...

US Economic Growth In 4Q Not As Bad As Expected

February 28, 2019
With the tax cut in the rear window, the growth in the U.S. economy slowed to an annual rate of 2.6 percent during the last three months of the year....