The government of former Malaysian Prime Minister Najib Razak, in its final months in office, turned to the nation’s central bank to pay off $500 million in debt owed by the troubled state investment fund 1Malaysia Development Bhd.
BREW has been the subject of a number of other research reports. Zacks Investment Research lowered Craft Brew Alliance from a “buy” rating to a “hold” rating in a research note on Friday, March 9th.
In a new AEI Economic Perspectives paper, Jason DeBacker and Roy Kasher of the Darla Moore School of Business at the University of South Carolina explore how the new tax law has changed the tax treatment of investment. In general, both effective marginal and average tax rates have come down, though debt-financed investment is now treated less favorably than it was under the old regime. Average rates are important here, among other reasons, because of how they affect locational decisions; a big selling point of the rate reductions is precisely to draw firms and investment toward the United States.
Read all about it here.
Sony Corp (6758.T) said on Tuesday it would pay about $2.3 billion to gain control of EMI, becoming the world’s biggest music publisher in an industry that has found new life in streaming services.
The acquisition, which gives Sony a catalogue of more than 2 million songs from artists such as Kanye West, Sam Smith and Sia, is the biggest so far by new CEO Kenichiro Yoshida.
The deal seeks to take advantage of the rapid growth in streaming music services like Spotify (SPOT.N) and Apple Music (AAPL.O) which has driven a recovery in the music industry.
It also fits in with Yoshida’s mission to make revenue streams more stable after his predecessor engineered a major turnaround that shifted the firm’s focus away from low-margin consumer electronics to entertainment content and image sensors.
“This investment in content intellectual property is a key stepping stone for our long-term growth,” he told a news conference.
As our friend Hugh Hewitt wonders, it’s tough to see why anyone does business in Seattle these days. Fresh off its imposition of a “head tax” on its most successful businesses, the city council has now begun an effort to raise the limit on property taxes on both businesses and homes, not long after the state of Washington already hiked their levies. The city wants to expand free preschool programs and offer free community college, but it will be anything but free to property owners and businesses:
People who own a home in King County are paying about 17% more in property taxes this year than last year to help pay for the state’s funding of public education.
But come November, Seattle leaders will be asking voters to approve a bit more of an increase for city dwellers.
City Council members say while the state funding property tax hike pays for basic education, the levy they want to be renewed will be an extra investment to ensure that kids from preschool to high school will have what it takes to succeed.
But don’t call it a tax hike, says one council member. It’s an enhancement!
In 2014, Seattle voters approved a $58 million levy allowing low-income kids to go to preschool for free. …
“So it’s just an enhancement of the property tax that people are currently paying and have been since 2011,” Gonzalez said.
The mayor’s office projects that it will cost Seattle homeowners an extra $5 a week, but that adds up — and it’s not the only tax enhancement they’ve faced over the last few years. Businesses will undoubtedly get hit harder, either on property they own directly or by increased lease costs from landlords. The Amazons of Seattle will likely be able to absorb it by passing costs on to their customers, as will the wealthier residents of the city so enamored of the idea of offering “free” services funded by others.
It’s the middle class that will get hammered with these tax hikes, and they’re already getting pummeled with all the tax hikes that came before it, as one resident explained:
“It’s not just homelessness. It’s the bike lanes and budget overruns, the Bertha tunnel, and the overruns on that, the First Ave streetcar and overruns on that,” Seattle resident Matt Dubin said. Dubin is a local attorney now running to become a state lawmaker this year. He says he is upset over city leaders squeezing out the middle class. “It’s making it impossible for the middle class to live in Seattle. If we keep going down this road nobody will be able to live in Seattle except for the very rich and the homeless,” Dubin said.
And it might not even stop there. The “very rich” have other options too, and they’ll eventually exercise them. That will leave the few middle-class residents and business owners remaining holding the bag. Better to get out now than get stuck with that bill. Or, better yet, elect city council members with a lick of economic sense and operational competency.
The post Seattle moves from soaking the rich to … soaking everyone else appeared first on Hot Air.
Cadre, a real estate startup partly-owned by presidential senior adviser Jared Kushner, is seeking an investment of at least $100 million from a private fund backed by Saudi Arabia and the United Arab Emirates.
* BLACKROCK’S RIEDER – FED’S COMMUNICATION GAVE CONFIRMATION IT WOULD TAKE QUITE A LOT TO MOVE THE CENTRAL BANK FROM A THREE RATE HIKE PATH FOR 2018 * BLACKROCK’S RIEDER – LIKELY TO SEE SOMETHING CLOSER TO THREE HIKES IN 2019 AS WELL, AND MAYBE A …
Investment in oil sector is already being hit hard due to the recent price plunge . Unless production is added, surplus capacity will be quickly eroded, setting up the stage for the next oil price surge, says a top industry analyst. “Oil prices are …
An important objective of Public Law 115-97, commonly called the Tax Cuts and Jobs Act, was a reduction in the tax burden on investment. We compute marginal effective tax rates under 2017 law and under the Tax Cuts and Jobs Act and find significantly lower marginal effective tax rates under the new law. In addition, the Tax Cuts and Jobs Act narrows disparities in the tax treatment of investment across asset types, organizational form, and type of financing. Finally, we find that the act sharply reduced effective average tax rates as well as marginal effective tax rates.
FEMSA and COCA-COLA HBC A/ADR are both large-cap consumer staples companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, valuation, institutional ownership, risk, profitability, analyst recommendations and dividends. This table compares FEMSA and COCA-COLA HBC A/ADR’s net margins, return on equity and return on assets.