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How Trumps Tax Proposal Could Impact His Own Business Empire

President Donald Trump’s massive tax-cut proposal would slash taxes on hundreds of businesses he and his family own. The White House on Wednesday unveiled a proposal that would cut the top tax rate for corporations, as well as entities known as pass-through businesses, to 15 percent. That could prove to be a windfall for the Trump Organization, the private umbrella company for hundreds of Trump real estate, licensing and other companies, many of which qualify as pass-through businesses. Trump has refused to release his tax returns, making it impossible to…

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Watch out if tax reform gets bogged down, Jim Cramer warns

Wall Street could witness another sell-off if President Donald Trump’s tax reform plan gets bogged down, CNBC’s Jim Cramer warned on Monday. “I still think that Trump with Gary Cohn and a different team working to try to get this through we’ll have some luck,” Cramer said on “Squawk on the Street.” U.S. stocks opened sharply lower Monday, the first business day after the scheduled House vote on a repeal of Obamacare was pulled because Trump and House Speaker Paul Ryan had failed to gain enough support from Republicans. In…

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Study finds UK sugar tax could save thousands from obesity, diabetes

File photograph of soft drinks bottles displayed on a shelf in a shop in London  (Copyright Reuters 2016) LONDON –  A planned levy on sugary drinks due to be introduced in Britain in April 2018 could significantly reduce the number of people who become obese and develop diabetes and tooth decay, scientists said on Thursday. In a study on the levy’s health impacts, researchers found the positive effect would be greatest if the drinks industry responds by reformulating products to cut sugar content, rather than keep the same formulations but…

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Kerala Fat Tax: Could Making Junk Food Expensive Curb Obesity?

Spending money to lose weight does work at times. You could force yourself to wake up earlier every morning and head to the gym – if you have paid up a hefty fee, or bought fancy shoes and workout gear. But does the same motivation work when it comes to avoidant behaviour? Will you stop eating a Rs. 300 burger or pizza because it is now pricier, at roughly Rs. 345?Much has already been said on Kerala’s 14.5 per cent fat tax on “junk foods” like burgers and pizzas sold…

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Time for fat tax in Kolkata?

Debjani Bhaumik of Behala is a self-confessed pizza-addict and she loves to punctuate her pizza meals with trips to a burger joint on Park Street. Despite being overweight, the homemaker has refused to go slow on her fast-food consumption. The imposition of a ‘fat-tax’ on fast-food by the Kerala government has set her thinking. Even though she isn’t planning to give up, Debjani has decided to cut down on her consumption to reduce the pocket pinch, in case the tax travels to Kolkata. “The tax is a steep one and…

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EU Regulators Want More Info on Apple’s Irish Tax Deal

European Union antitrust regulators have asked Ireland to provide further details on the country’s tax deal with Apple before deciding whether this constitutes illegal state aid to the iPhone maker. The European Commission, which has been investigating the Apple deal for more than two years, said on Wednesday that Irish authorities had not responded fully to an earlier query. “Ireland did not reply in full to the Commission’s last request for information, which is why the Commission has sent a reminder to Ireland to request the missing data,” Commission spokesman…

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