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The shrinking U.S. workforce during the Covid pandemic is “going to cripple” the economic recovery, billionaire investor and businessman Barry Sternlicht warned Wednesday. The founder of Starwood Capital Group, which operates hotels as part of its broader portfolio, said the federal government should pay people go back to work, not to stay home. “The whole
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The Labor Department will propose rule changes on Wednesday that would make it easier for retirement plans to add investment options based on environmental and social considerations — and make it possible for such options to be the default setting for enrollees. In a reversal of a Trump-era policy, the Biden administration’s proposal makes clear
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Getty Images Americans spent more on travel, dining out and other gatherings as the country reopened this summer. And now, many women are worried about upcoming holiday expenses as the season approaches. Some 38% of women are anxious about holiday costs, according to an Ellevest survey on financial wellness. While the summer’s extra spending may
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Spacecraft commander Jared Isaacman speaks into a microphone as he peers out the cupola window. Inspiration4 The historic Inspiration4 mission, launched and operated by Elon Musk’s SpaceX, returned safely from orbit last month. CNBC spoke to the mission’s commander and benefactor Jared Isaacman about the experience. He spent three days in SpaceX’s Crew Dragon capsule
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In this article HOOD BLK AsiaVision | E+ | Getty Images Despite the high demand for values-driven investing, few individual shareholders participate in corporate decisions. But some companies and funds are making it easier for investors to voice concerns through a proxy voting process. When someone buys a stock, they become part-owner of the company
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How to network; testing cyber defense; Pandora the explorer; and other highlights from our favorite tax bloggers. Attack and conquer Strategic Advisor (https://strategicadvisor.liveplan.com/): Being an accountant or a CPA also requires learning how to sell yourself and your firm’s services. Larger firms typically have someone responsible for marketing and business development, but smaller and one-person
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The Congressional Budget Office (CBO) now estimates that the federal government received $370 billion in corporate tax revenue over the past year (fiscal year 2021), matching the record high level from 2007. This is a 75 percent increase over the previous year’s total, reflecting a rebound in corporate profits and the broader economy. This year’s
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Everything has changed since the COVID-19 pandemic. Not just in terms of legislation and tax laws, but also in terms of what clients need from their accountants today — and that’s business advice. The problem is many accountants don’t consider themselves advisors. They struggle to understand the definition, let alone provide the service. It’s hard
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Note: The following is the testimony of Daniel Bunn, Tax Foundation Vice President of Global Projects, prepared for a EU Parliament Subcommittee on Tax Matters hearing on October 11, 2021, regarding the impact of national tax reforms on the EU economy. Thank you for the opportunity to testify today. My name is Daniel Bunn, and I am Vice President
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