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Rep. Buddy Carter: For tax reform, the best is yet to come

“However, even as millions of people are experiencing the benefits of tax reform, some in Washington insist on revving up the partisan rhetoric to try to downplay or distract from opportunity creating pro-growth tax reform” reports washingtonexaminer.com. In the 1st Congressional District of Georgia, I have visited workers and small businesses to discuss how tax reform will benefit them.I have seen firsthand how tax reform has allowed companies to create jobs and invest in their people and our communities. Source: washingtonexaminer.com Share This:

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Veon cuts management in return to traditional telecoms model

“Under Charlier, Veon went through a three-year house cleaning of previous management, job cuts and asset sales” writes Midwest Communications Inc for 95kqds.com. Burns has said Veon’s four immediate priorities are to increase its focus on emerging markets, control costs, improve its balance sheet and supporting its current dividend.AMSTERDAM (Reuters) – Veon, the mobile phone operator formerly known as VimpelCom, said it would cut management jobs and simplify its structure as it goes back to basics with a focus on telecom services in emerging markets. Source: 95kqds.com Share This:

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Senate Democrats warn of ‘gigantic loopholes’ in Trump tax cuts

“Trump and his Republican allies in Congress slashed the U.S. corporate income tax rate to 21 percent from 35 percent” writes Midwest Communications Inc for 95kqds.com. The GILTI provision has already caused consternation among corporations by inadvertently creating higher tax bills for those with only limited overseas exposure.Senate Democrats said the provision encourages a form of gaming called “cross-crediting,” in which a company can use foreign tax credits earned on income from high-tax countries to eliminate its GILTI tax bill on income from tax havens.WASHINGTON (Reuters) – U.S. Senate Democrats…

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Kudlow says economic growth could top 4% for ‘a quarter or two,’ more tax cuts could be coming

“As part of the administration’s plan to grow the economy, Kudlow said there would be additional rounds of tax cuts ahead” writes Jeff Cox for cnbc.com. The administration has used a mix of tax cuts, spending increases and regulatory rollbacks in an effort to goose the economy out of what Kudlow characterized as a “growth recession” after the financial crisis.Asked whether the administration is considering more tax legislation following the cuts passed late last year, Kudlow said there could be a “2.0 and 3.0 and a 4.0.”. Larry Kudlow, President…

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Morgan Stanley Profit Surges 38% on Trading Revenue, Tax Cuts

“Fixed-income trading revenue rose by 12% to $1.4 billion, while stock-trading revenue rose 15% to $2.5 billion, “reflecting strong performance across all products, particularly in our financing business.”” writes Bradley Keoun for thestreet.com. Overall, trading revenue rose by 18% from a year earlier, slightly more than at Morgan Stanley’s chief Wall Street rival, Goldman Sachs Group Inc. (GS) .Morgan Stanley (MS) said second-quarter profit jumped 38% from a year earlier as the Wall Street firm posted the fastest growth in trading revenue among the largest U.S. banks, while President Donald Trump’s tax…

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Justin Timberlake Cuts Price On SoHo Penthouse Again

“My SoHo Penthouse is Still Priced Too High Justin Timberlake is jumping on the Amazon Prime Day bandwagon and offering up a deal … slashing the price of his SoHo penthouse Monday by nearly a quarter million” reports tmz.com. He put it on the market about 5 months ago for $7.995 mil, but dropped the price by a mil in the spring before knocking off an additional $245k this week. Source: tmz.com Share This:

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After e-cigarette incident, China cuts Air China’s flight hours and launches safety review

“China’s aviation regulator will cut Air China’s flight hours for its Boeing 737 fleet by 10 percent and cancel the licences for the pilot and co-pilot involved in an emergency descent incident last week, Chinese state television said” writes Zhang Peng for cnbc.com. The Civil Aviation Administration of China said the incident was linked to a co-pilot smoking an e-cigarette during the flight. Source: cnbc.com Share This:

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China cuts Air China’s flight hours, launches safety review after incident

“SHANGHAI (Reuters) – China’s aviation regulator will cut Air China’s flight hours for its Boeing 737 fleet by 10 percent and cancel the licenses for the pilot and co-pilot involved in an emergency descent incident last week, Chinese state television said” writes Midwest Communications Inc for 95kqds.com. The Civil Aviation Administration of China said the incident was linked to a co-pilot smoking an e-cigarette during the flight. Source: 95kqds.com Share This:

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Trump, House Republicans to talk tax cuts at White House

“But Brady added, “For the president and Republicans, making the family and small business cuts permanent is the centerpiece of 2.0.”” writes Midwest Communications Inc for 95kqds.com. Brady said last year’s corporate tax cut sets the stage for other countries to respond with new tax cuts of their own that lawmakers may have to match.In last year’s tax overhaul, Trump and Republicans in Congress slashed the corporate rate from 35 percent.WASHINGTON (Reuters) – President Donald Trump on Tuesday was slated to discuss the possibility of more tax cuts with U.S.…

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