Tax

Both Apple and Oracle in Favor of Tax Repatriation Reform

Both Apple and Oracle in Favor of Tax Repatriation Reform

Mark Hurd, co-chief executive of Oracle Corporation (NYSE: ORCL), recently pledged his support to any form of tax reform that would allow the firm to retrieve its large cash pile from other nations. The government of the United States is looking to ..

Thomson Reuters beats Q3 earnings estimates but shares fall

Thomson Reuters beats Q3 earnings estimates but shares fall

Thomson Reuters Corp. (NYSE: TRI) reported its third quarter earnings and beat earnings estimates, but shares fell by over 5 percent during Wednesday's trading hours.For the third quarter, the company reported $2.79 billion in revenue, 2 percent..

Local Startup Investment Not Profitable as Stocks

Local Startup Investment Not Profitable as Stocks

Investments made by New Mexico in small companies located in the state are not showing the desired results. Startup companies funded by New Mexico's State Investment Council are not giving back the same returns as stock index funds managed by Wa..

JP Morgan CEO Bats for Republican Tax Reform Proposal

JP Morgan CEO Bats for Republican Tax Reform Proposal

The Republicans have had quite a bit of an uphill struggle to get their tax reform plan approved; the main issue has been that even many of their own party members have remained skeptical about the reforms proposals. President Trump has, in fact, be..

American International Group Expects Losses After Natural Disasters

American International Group Expects Losses After Natural Disasters

According to Reuters, American International Group Inc. (NYSE: AIG) announced that it expects to book pre-tax losses of about $3 billion in the third quarter related to natural disasters, hurricanes Harvey, Maria and Irma. American International Gro..

Amazon to Pay Back Taxes Amounting to $300 Million

Amazon to Pay Back Taxes Amounting to $300 Million

European Union authorities have ordered Amazon.com, Inc. (NASDAQ: AMZN) to pay almost $300 million as back taxes to their member state Luxembourg. The EU said that the United States company has made massive benefits from the illegal tax arrange..

Amazon may get hit with EU’s Sales Tax Reform

Amazon may get hit with EU’s Sales Tax Reform

The European Commission is looking to propose a sales tax reform that is levied in the European Union to tackle fraud and curb companies’ excessive tax planning on Wednesday, which could definitely affect U.S. online retailer Amazon.com, Inc. ..