Would Bill Gates’s proposed robot tax help workers?

Would Bill Gates’s proposed robot tax help workers?

Automation may soon affect even industries and jobs we thought were immune, so what should countries do to prepare for those left jobless and behind? Bill Gates recently offered a simple solution: Tax the use of robots. He argues that such a tax would both “temporarily slow down the spread of automation” and fund social safety net programs for those who lose their jobs to technology.

The TCJA's Pass-Through Deduction Was Misguided From the Beginning

The TCJA's Pass-Through Deduction Was Misguided From the Beginning

The Tax Cuts and Jobs Act’s special 20% individual income tax deduction for pass-through businesses such as partnerships and sole proprietorships was misguided—and probably doomed to fail- from the beginning.

US-China Trade War: Brazil’s Gain?

US-China Trade War: Brazil’s Gain?

The escalating trade dispute between the United States and China has prompted the Asian country to turn to Brazil for goods like soy, corn, poultry and pork, increasing the South American nation’s agricultural exports. Moreover, Brazilian steel exports to the United States nearly tripled in June, compared to the same period last year, after the Trump administration slapped a 25 percent steel tariff on other trade partners but not Brazil, which instead agreed to limit its exports of the metal.

IRS urges taxpayers to check withholding now to avoid tax surprises later

IRS urges taxpayers to check withholding now to avoid tax surprises later

With the year more than halfway over, the Internal Revenue Service urges taxpayers who haven’t yet done a “Paycheck Checkup” to take a few minutes to see if they are having the right amount of tax withholding following major changes in the tax law.

IRS: Taxpayers On Alert For Charitable Scams During Hurricane Season

IRS: Taxpayers On Alert For Charitable Scams During Hurricane Season

Criminals and scammers often try to take advantage of taxpayers who want to help victims of major disasters. The Internal Revenue Service (IRS) continues to remind taxpayers to be alert for scams that will “undoubtedly pop up when and if a hurricane occurs.”

IRS & FATCA Hunt Offshore Accounts

IRS & FATCA Hunt Offshore Accounts

If you are a U.S. citizen or resident and have a foreign bank account anywhere, […] you must report worldwide income on your U.S. tax return. If you have an interest in a foreign bank account, check “yes” (on Schedule B).


China tempts Britain with free trade, says door to U.S. talks open

China tempts Britain with free trade, says door to U.S. talks open

China offered Britain talks on a post-Brexit free trade deal on Monday, reaching out to London as Beijing remains mired in an increasingly bitter trade war with Washington, even as a senior Chinese diplomat reiterated its door remained open for dialogue.

Investment Opportunities Amid Tradewar

 Investment Opportunities Amid Tradewar

The current threat of a prolonged trade war is serving as an emergency brake to a stock market that is pressing the gas pedal as hard as it can with positive economic data reports; including, but not limited to, corporate earnings, serving as tailwinds. Once any semblance of progress is reported with respect to trade negotiations, I would anticipate this emergency brake to be lifted and for constrained stock prices to rise accordingly.