DealBook Briefing: Another Roller-Coaster Ride for the Tax Overhaul
- 6 years ago
DealBook Briefing: Another Roller-Coaster Ride for the Tax Overhaul
A 20 percent corporate tax rate would help, but it would not be as big a boon to large companies as it
would be to small companies,” Jack Ablin, chief investment officer at BMO Private Bank, told CNBC.
If the Senate tax bill fails …
“If the tax reform doesn’t get done, I think there will be a pretty sharp correction,” said Bruce Van Saun, chief
executive of Citizens Financial Group, one of the largest banking companies in the northeastern United States.
of the online investment firm Betterment writes that a provision in the Senate bill requiring investors to sell their oldest
shares first as part of any divestment would “dramatically harm millions of retail investors.” (InvestmentNews)
• How different industries would fare under the Republican tax plans.
Gravitas Maximus LLC — a Mercer investment vehicle through which he also funded the conservative outlet
Breitbart — gave $25,000 to Project Veritas, according to a nonpublic portion of a 2012 tax form.
Tweaks to how pass-through businesses are treated:
The Senate tax bill allows pass-through owners to deduct 17.4 percent of their business income as a way of lowering their taxes.
“Their experience and talent will be a major benefit to our many private equity sponsor clients
and will significantly enhance our global platform, which aims to provide full coverage throughout the life cycle of a fund,” John O’Neil, global head of Kirkland’s investment funds group, said in an internal memo that will go out this morning.
A 20 percent corporate tax rate would help, but it would not be as big a boon to large companies as it
would be to small companies,” Jack Ablin, chief investment officer at BMO Private Bank, told CNBC.
If the Senate tax bill fails …
“If the tax reform doesn’t get done, I think there will be a pretty sharp correction,” said Bruce Van Saun, chief
executive of Citizens Financial Group, one of the largest banking companies in the northeastern United States.
of the online investment firm Betterment writes that a provision in the Senate bill requiring investors to sell their oldest
shares first as part of any divestment would “dramatically harm millions of retail investors.” (InvestmentNews)
• How different industries would fare under the Republican tax plans.
Gravitas Maximus LLC — a Mercer investment vehicle through which he also funded the conservative outlet
Breitbart — gave $25,000 to Project Veritas, according to a nonpublic portion of a 2012 tax form.
Tweaks to how pass-through businesses are treated:
The Senate tax bill allows pass-through owners to deduct 17.4 percent of their business income as a way of lowering their taxes.
“Their experience and talent will be a major benefit to our many private equity sponsor clients
and will significantly enhance our global platform, which aims to provide full coverage throughout the life cycle of a fund,” John O’Neil, global head of Kirkland’s investment funds group, said in an internal memo that will go out this morning.