At Least One Top Hedge Fund Manager Favors Trump’s Tax Plan
The tax questions continue to grow as the country waits for President-Elect Donald Trump to be sworn in, in just a few more days. Of course, there is much debate as to whether or not Trump’s tax policies will help or hurt our country and it’s overall economy. The nation is as divided over that issue as they were during the election.
One group that is watching this debate closely is hedge fund managers. In fact, at least one major hedge fund manager who has already taken a hit since Trump won the election is still sure that a Trump presidency will be good for the nation’s financial position. Nelson Peltz, who owns Mondelez, which has dropped 10 percent since the election, is still certain that Trump will be good for the economy.
Peltz believes that if Trump is able to enact the tax reductions and changes that he has proposed the country will see improved employment and more companies moving their operations and revenue back to the U.S. In fact, even though Trump has been critical of Mondelez-owned companies such as Chips Ahoy!, for moving jobs to Mexico, Peltz still likes the potential benefits that Trump’s tax plans bring to the country.
http://www.forbes.com/sites/janetnovack/2016/12/01/how-much-will-trump-cut-taxes-for-top-400-well-never-know-as-irs-ends-400-report/#1acdd9db1795
Bookkeeping: What Kind of Records Should I Keep?
Bookkeeping: What Kind of Records Should I Keep? You may choose any recordkeeping system suited to your business that clearly shows your income and expenses. Except in a few cases, the law does not require any special kind of records. However, the business you are in affects the type of records you need to keep…
Tips to Help Taxpayers with January 31 Tax Season Opening
We are again suggesting some tips to help taxpayers with the January 31 tax season opening. The IRS will begin processing most individual income tax returns on Jan. 31 after updating forms and completing programming and testing of its processing systems. The IRS anticipated many of the tax law changes made by Congress under the…
Looks Like More Wealthy Americans Are Saying Goodbye to the U.S.
The country just got done celebrating its independence this past weekend. With fireworks and all kinds of parties, Americans celebrated to show their appreciation for one of the greatest gifts they have: Freedom. Most Americans are very proud of their citizenship, even if they don’t always like everything the about the laws of the land.…
Why Are More Americans Kissing Their Country Goodbye?
Why Are More Americans Kissing Their Country Goodbye? As the controversy over tax inversions continues to rage on, there is another telling sign that more and more Americans are finding the country’ tax code too frustrating to handle. It’s not just U.S. companies that are giving up their U.S. citizenships, so-to-speak. An increasing number of…