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A group of American billionaires appealed to US presidential candidates in the upcoming elections in 2020 with a call to impose a wealth tax in the country. They were convinced that new taxes should come from the richest US citizens, and not from middle and low-income Americans. The letter was signed by 19 wealthy US citizens, including George Soros, Facebook co-founder Chris Hughes, Disney movie heiress Abigail Disney, and others. The document says that the wealth tax to the US budget will contribute to overcoming the climate crisis, support the health care system, and create new opportunities in the country. American billionaires in 2017 have already appealed to Congress with the idea of setting a fair amount of taxes for them and demanding not to cut taxes for rich families. This petition was signed by more than 400 richest Americans.
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...
On Monday, United Airlines (UAL.O) announced that it would continue adding more flights for international routes in September. The airline company plans to reintroduce flights that were canceled due to coronavirus pandemic. United Airlines ...
The longest expansion in U.S. history ended in February with the economy falling into a deep recession as the coronavirus pandemic triggered the shutdown of businesses across the country. The National Bureau of Economic Research (NBER), the ...
The Warner Music Group Corp. (WMG.O) got off to a positive start on its Nasdaq debut on Wednesday. The world’s third-largest recording label sold shares worth $1.9-billion, marking the largest initial public offering in the United States ...
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