Revenue

U.S. Senator Elizabeth Warren recently called on the Treasury Department to expedite the process of addressing racial discrimination in the U.S. tax and banking systems. Warren expressed her concerns in a letter to Treasury Secretary Janet Yellen, highlighting the slow implementation of the reforms proposed by the Treasury Advisory Committee on Racial Equity (TACRE) which
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The Internal Revenue Service (IRS) recently announced its strategic operating plan to significantly increase audit rates for big corporations, partnerships, and multimillionaires over the next three years. This move comes as part of the IRS’s efforts to boost enforcement spending and hiring in order to enhance tax collections. The IRS’s plan includes targeting a near
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Amazon’s shares saw nearly a 2% increase after the company exceeded both top and bottom-line expectations. With earnings of 98 cents per share on $143.31 billion in revenue, Amazon outperformed analysts’ forecasts of 83 cents per share on $142.5 billion in revenue. Despite beating expectations in advertising and Amazon Web Services, the company’s second-quarter revenue
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Russia’s economy is facing significant challenges, as highlighted by a recent report from the Centre for Macroeconomic Analysis and Short-Term Forecasting. The report indicates that industrial production and investments are stagnating, pointing towards a concerning trend in the country’s economic performance. This stagnation is further exacerbated by a decline in profitability across various industries, leaving
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The latest data from the National Bureau of Statistics (NBS) in China revealed that industrial profits in the first quarter experienced a smaller increase compared to the first two months of the year. The profits of China’s industrial firms only rose by 4.3% year-on-year, which is significantly slower than the 10.2% growth recorded in the
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