TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
Based on what we already know about the proposed Trump tax reform, which can be summarized as follows: collapse the seven individual income tax rates to three (12, 25, and 35 percent), increase the standard deduction, eliminate personal exemptions, increase the child tax credit, eliminate most itemized deductions, repeal the individual and corporate alternative minimum Read More…
This afternoon, during a speech in Indianapolis, President Trump was expected to reveal, for the first time, the details of the long-anticipated Republican tax reform proposal that calls for substantial business and individual tax cuts. But in a political era where every little thing is leaked to the media, we no longer have to wait Read More…
Once upon a time, the U.S. dollar was backed by the gold standard in a framework that established what was known as the Bretton-Woods agreement, made in 1944. The dollar was fixed to gold at a price of $35 an ounce, though the dollar could earn interest, marking one notable difference from gold. The system ended up Read More…
Whether in response to rising scorching tensions with the US, or simply to provide support for the ruble, on Tuesday Russian President Vladimir Putin instructed the government to approve legislation making the ruble the main currency of exchange at all Russian seaports by next year, RT reported citing the Kremlin website. The head of Russian antitrust watchdog FAS Read More…
Following the Trump administration’s move to target Iran with fresh sanctions while ending sanctions relief, China has come to Iran’s aid with an extraordinary gesture. According to the Times of Israel, the president of Iran’s central bank announced that a Chinese state-owned investment firm has provided a $10 billion credit line for Iranian banks. The contract for Read More…
The big boys, Apple and Google, are now actively developing a payment API for cryptos to use within their browsers. This is a double-edged sword and possibly indicates a shift in tax policy. I don’t trust either Apple or Google at all. The news from Coindesk about Apple and Google developing a payment API on the heels of multiple Read More…