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OTTAWA (Reuters) -Canada scrapped its digital services tax targeting U.S. technology firms late on Sunday, just hours before it was due to take effect, in a bid to advance stalled trade negotiations with the United States. Canadian Prime Minister Mark Carney and U.S. President Donald Trump will resume trade negotiations in order to agree on a deal by July 21, Canada's finance ministry said in a statement. Trump abruptly called off trade talks on Friday over the tax targeting U.S. technology firms, saying that it was a "blatant attack."...
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Rep. Jason Smith (R-MO) is celebrating the House-passed bill that would shut down the Internal Revenue Service Direct File program, a free federal tool that allows Americans to file taxes online without paying private companies. “Nobody asked for the IRS to be Americans' tax preparer, filer, and auditor,” Smith posted on X on June 24. “The House-passed One, Big, Beautiful Bill puts an end to the IRS Direct File Program.” The Program Had Strong Support From Voters And Users Nobody asked for the I...
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The Gates Foundation portfolio is a mix of Gates' tech background and influence from one of the greatest investors of all time...
Continue ReadingSenate Republicans stunned the power industry over the weekend with a proposed new tax on wind and solar projects, part of a broader push to unravel incentives for renewable energy. Energy tax credits that were expanded during the Biden administration are wrapped up in a fierce congressional fight over President Trump’s signature tax and spending bill. Most of the credits are now on the chopping block while lawmakers fight over ways to extend tax cuts and fund border and military spending, among other things...
Continue ReadingDiscover Lone Pine Capital's Q1 2025 investment strategy: new stakes, major increases, and reductions...
Continue Reading"God, please give us legislators who care about economic development and not just taxing our industry to pay for other things that we care about, as well." Microsoft (NASDAQ:MSFT) President Brad Smith said during the Technology Alliance's State of Technology luncheon, according to GeekWire. He warned that Washington state's tech-powered prosperity could falter if lawmakers continue treating the industry "like an endless cash machine. Smith's remarks on May 20 came as new tax proposals threaten t...
Continue ReadingBest Buy Co., Inc. (NYSE:BBY) is one of the Jim Cramer Warns Viewers About FOMO & Discusses These 19 Stocks. Best Buy Co., Inc. (NYSE:BBY) is an American technology products retailer. The firm’s shares have lost 20.8% year-to-date as the firm has struggled from weak earnings performance and tariffs. Best Buy Co., Inc. (NYSE:BBY) cut […]...
Continue ReadingMicrosoft Corporation (NASDAQ:MSFT) is one of the Jim Cramer Warns Viewers About FOMO & Discusses These 19 Stocks. Microsoft Corporation (NASDAQ:MSFT) is the world’s largest consumer software company. It was also an early mover in the AI software market due to its partnership with OpenAI. However, 2025 has seen the narrative around Microsoft Corporation (NASDAQ:MSFT) […]...
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