Thailand Leads in Crypto by Skipping the Big Debate
July 5, 2018

Securities, or not securities. That is the crypto question.

Except in Thailand.

While regulators around the world have grappled with the issue of what category digital currencies and assets fall into, Thailand has skipped the debate altogether.

Instead, using an emergency Continue reading

Trump Sending National Guard to Mexican Border
April 10, 2018
  • President says ‘drastic illegal activity’ gives him no choice
  • Memorandum does not say how many troops will be called up

President Donald Trump is sending National Guard forces to assist border authorities along the U.S.-Mexico boundary, according to a presidential Continue reading

Sinclair Employees Say Their Contracts Make It Too Expensive to Quit
April 9, 2018

After Sinclair Broadcast Group Inc. drew widespread criticism for having anchors read a statement taking aim at the integrity of other U.S. media outlets, many wondered why some of the company’s journalists didn’t just quit.

The short answer is the Continue reading

New Hedge-Fund Tax Dodge Triggers Wild Rush Back Into Delaware
March 13, 2018

Wall Street’s fast-money crowd is returning to well-trodden ground to elude Trump-era tax laws: Delaware.

Since late 2017, hedge fund managers have created numerous shell companies in the First State, corporate America’s favorite tax jurisdiction. These limited liability companies share Continue reading

Gary Cohn to Resign as Trump Adviser After Dispute Over Tariffs
March 13, 2018

Gary Cohn is resigning as President Donald Trump’s top economic adviser, leaving his post as the administration prepares to impose steep tariffs on steel and aluminum that Cohn has opposed.

Cohn didn’t mention the dispute in a statement distributed Continue reading

Goldman Takes One-Time $5 Billion Hit From New U.S. Tax Law
January 5, 2018

Goldman Sachs Group Inc. said the U.S. tax reform will cut profit this year by about $5 billion, mainly because of a tax targeting earnings held abroad.

About two-thirds of the hit comes from the repatriation tax, while writing down Continue reading