News

Former President Trump pledges to reinstate SALT deduction limits he once passed

Former President Trump pledges to reinstate SALT deduction limits he once passed

Former U.S. President Donald Trump, who previously passed a law that limited state and local income tax (SALT) deductions, has now pledged to lift these limitations. The pledge was made during a recent public appearance, where he expressed his intention to restore all SALT deduction benefits if given the opportunity. During his tenure, Trump signed a law that capped SALT deductions, a controversial move that hurt many taxpayers in high-tax states. The policy was part of broader tax reforms that aimed to simplify the tax code and eliminate perceived loopholes. Trump's recent statements have sparked debate among policymakers and taxpayers…
Read More
Intel announces strategic spin-off of its foundry operations to increase financial flexibility

Intel announces strategic spin-off of its foundry operations to increase financial flexibility

Intel stock prices have seen a significant rise following the announcement of its decision to restructure its foundry operations into a separate subsidiary with options for outside capital investment. This strategic move is aimed at improving operational efficiency and attracting new investment to support future growth. The tech giant’s latest corporate strategy calls for the creation of a separate entity that will focus exclusively on its semiconductor foundry services, allowing for more specialized management and potentially attracting strategic partnerships and investors. By opening the subsidiary to outside funding, Intel is seeking to leverage additional resources to accelerate its technological advances…
Read More
Ireland faces dilemma over allocation of €13 billion in Apple back taxes

Ireland faces dilemma over allocation of €13 billion in Apple back taxes

Ireland is currently at a crossroads as it must determine the best course of action to address Apple’s €13 billion in tax arrears following a landmark EU court decision. This substantial sum, upheld by Europe’s highest courts, represents both an opportunity and a complex challenge for the Irish government. The debate is over how to effectively allocate the windfall, which has implications for the nation’s economic policies and its relationships with major multinationals. The decision is crucial because it could set a precedent for how similar cases are handled across Europe. Government officials, policy experts and stakeholders are engaged in…
Read More
Tiger Global to participate in OpenAI’s latest round of funding, with valuation exceeding 0 billion

Tiger Global to participate in OpenAI’s latest round of funding, with valuation exceeding $150 billion

Tiger Global Management is set to invest in OpenAI, participating in a new funding round that values ​​the AI ​​innovator at more than $150 billion. The development underscores the market’s considerable confidence in OpenAI’s future prospects and its continued impact on the technology landscape. This strategic move by Tiger Global highlights its commitment to supporting transformative technologies that are poised to impact various industries. The investment decision comes as OpenAI continues to advance its capabilities in machine learning and artificial intelligence, positioning itself as a leader in the field. OpenAI’s increased valuation reflects its growing influence and robust demand for…
Read More
Florida advises against COVID-19 mRNA vaccines for the elderly population.

Florida advises against COVID-19 mRNA vaccines for the elderly population.

In a recent public health update, Florida officials recommended that older residents reconsider using mRNA COVID-19 vaccines. The guidance comes amid ongoing evaluations of the vaccines' effectiveness and safety among older demographics. State health officials are prioritizing the well-being of their senior citizens, issuing precautionary advice against the use of these specific vaccines. The move reflects a cautious approach to new medical data suggesting varying immune responses among older people. Florida’s stance aims to ensure that all vaccination strategies are aligned with the latest research and tailored to the unique health profiles of older adults. The move is part of…
Read More