Tax incidence

Refined Functional Carbohydrates Market Worth $360 Million by 2027, Says Global Market Insights Inc.

Retrieved on: 
Wednesday, July 28, 2021
Nutrition, Academic disciplines, Carbohydrate chemistry, Articles, Actuarial science, Compound annual growth rate, Mathematical finance, Carbohydrate, Oligosaccharide

SELBYVILLE, Del., July 28, 2021 /PRNewswire/ -- The global refined functional carbohydrates market value is projected to cross USD 360 Million by 2027, says the latest research study by Global Market Insights Inc.

Key Points: 
  • SELBYVILLE, Del., July 28, 2021 /PRNewswire/ -- The global refined functional carbohydrates market value is projected to cross USD 360 Million by 2027, says the latest research study by Global Market Insights Inc.
  • The beta glucan segment of refined functional carbohydrates is anticipated to witness over 7% CAGR over the forecast period.
  • Some major findings of the refined functional carbohydrates market report include:
    Mannan oligosaccharides demand is projected to register over 9% CAGR over the forecast timeframe.
  • The North America refined functional carbohydrates market is anticipated to witness over 7% CAGR from 2021 to 2027.

Fintech Platform B Charitable Launches to Make Charitable Giving Easy, Safe, and Tax Deductible for All

Retrieved on: 
Tuesday, June 22, 2021
Articles, Charity law, Tax advantage, Tax incidence, Crowdfunding

B Charitable is the only charitable giving platform that harnesses the tax advantage of a charitable contribution and combines that with smart technology, crowdfunding campaigns, low fees, performance tracking, and tax-free investment growth.

Key Points: 
  • B Charitable is the only charitable giving platform that harnesses the tax advantage of a charitable contribution and combines that with smart technology, crowdfunding campaigns, low fees, performance tracking, and tax-free investment growth.
  • Unlike those platforms, B Charitable is a tax-exempt entity whose sole purpose is to house charitable gifting funds for individuals.
  • The donor receives one consolidated receipt for all of their charitable giving at the end of the year that is done through the B Charitable platform.
  • The platform can be easily accessed on the B Charitable website and an easy to use APP is launching soon.

Study Finds Deep Flaws in Advocates' Claims that the Massachusetts Tax Code is Regressive

Retrieved on: 
Tuesday, June 1, 2021
Tax, Tax incidence, Taxation in the United States, Progressive tax, Surtax, Income tax, Corporate tax avoidance, Global issues

Among other flaws, the ITEP analysis excludes some of the most progressive elements of the tax code, uses outdated data, and even includes some regressive elements of the federal tax code in a state-level analysis.

Key Points: 
  • Among other flaws, the ITEP analysis excludes some of the most progressive elements of the tax code, uses outdated data, and even includes some regressive elements of the federal tax code in a state-level analysis.
  • Surtax proponents also ignore that ITEP's most recent tax incidence analysis ranks Massachusetts as having a more progressive state tax code than 29 other states.
  • Massachusetts' Tax Inequality Index score was -3.10 in 2018, better than the -3.48 average score of the other 49 states and D.C.
    "Even ITEP says that, compared to other states, Massachusetts has a relatively progressive tax code," said Greg Sullivan, who co-authored "Are Massachusetts taxes regressive?
  • The new Pioneer study also emphasizes how Massachusetts gets a vastly disproportionate share of income tax revenue from the wealthy.

Colgate Eliminates Tuition for Families With Incomes Less Than $80,000

Retrieved on: 
Tuesday, June 1, 2021
Economy, Payments, Tuition payments, Economic inequality in the United States, Income in the United States, Public finance, Tax incidence, Tax policy and economic inequality in the United States

The Colgate Commitment also targets middle-income families who often choose a college based on net costs.

Key Points: 
  • The Colgate Commitment also targets middle-income families who often choose a college based on net costs.
  • Because such families might rule out a school like Colgate based on perceived cost, the University commits to charge only a small percentage of family income for tuition.
  • Families with annual income levels between $80,000 and $125,000 will, on average, now pay just 5% of their income toward tuition.
  • Families with annual income levels between $125,000 and $150,000 will, on average, pay 10% of their income toward tuition.

New Study Warns Graduated Income Tax Will Harm Many Massachusetts Retirees

Retrieved on: 
Thursday, April 1, 2021
Tax, Progressive tax, Tax incidence, Income tax

The study, entitled " The Graduated Income Tax Trap: A retirement tax on small business owners ," aims to help the public fully understand the impact of the proposed new tax.

Key Points: 
  • The study, entitled " The Graduated Income Tax Trap: A retirement tax on small business owners ," aims to help the public fully understand the impact of the proposed new tax.
  • Data Pioneer Institute recently obtained from the Massachusetts Department of Revenue make it clear that this phenomenon hits close to home as well.
  • "A graduated income tax would be more of a raid on retirement nest eggs than a tax on super wealthy millionaires," said Andrew Mikula, who co-authored the study with Greg Sullivan.
  • "In Massachusetts, 46 percent of the people who would be affected by the tax those with incomes over $1 million did so only once in 10 years.

New $90 Million Global Challenge to Fund Bold Solutions to Address Systemic Inequities

Retrieved on: 
Tuesday, October 13, 2020
Equity, Fair division, Tax incidence, Equitable

Kellogg Foundation announced the launch of Racial Equity 2030, a call for bold solutions to drive an equitable future for children, families and communities across the globe.

Key Points: 
  • Kellogg Foundation announced the launch of Racial Equity 2030, a call for bold solutions to drive an equitable future for children, families and communities across the globe.
  • In honor of the foundation's 90th anniversary, the Challenge will award $90 million to invite, build and scale actionable ideas for transformative change in the systems and institutions that uphold inequities.
  • Racial Equity 2030 seeks bold ideas to create a future that is equitable and just.
  • The novel coronavirus pandemic has compounded many of the inequities in health, wealth, education and opportunity.

Direct Energy Fund Is Open to Investments from Accredited Investors; Invito Energy Partners Fund Focuses on Tax Deductions

Retrieved on: 
Monday, October 12, 2020
Oil, Gas, Energy, Tax advantage, Tax incidence

Invito Energy Partners, LLC (IEP) , an energy investment management firm has announced the launch of a $20 Million private energy fund.

Key Points: 
  • Invito Energy Partners, LLC (IEP) , an energy investment management firm has announced the launch of a $20 Million private energy fund.
  • The Tax-Advantaged Energy Fund (TAEF) is focused on direct investments into drilling of oil and natural gas wells.
  • When structured correctly, direct energy investments provide the investor with portfolio diversification, tremendous tax deductions, and an income stream from distributions, said Steve Blackwell, CEO of Invito Energy Partners.
  • Founded in 2019, Invito Energy Partners LLC serves as a general partner to its direct energy funds.

Ameriprise Financial Announces Estimated Impact of Unlocking and Loss Recognition for Third Quarter 2020

Retrieved on: 
Monday, September 28, 2020
Banking, Professional services, Finance, Tax, Rates, Tax incidence, Tax rate, Ameriprise Financial, Finance, Value-added tax, International taxation, Corporate tax avoidance

The change in interest rate assumptions will have no impact on excess capital as it is determined on a statutory basis.

Key Points: 
  • The change in interest rate assumptions will have no impact on excess capital as it is determined on a statutory basis.
  • For the full year, the company continues to estimate that its operating effective tax rate will be in the 16 percent to 18 percent range.
  • The company estimates its operating effective tax rate in the third quarter of 2020 will be elevated as a result of the unlocking, as well as the impact of hedging.
  • At Ameriprise Financial, we have been helping people feel confident about their financial future for 120 years.

Broward County Home Prices Rise in 2Q Due to Strong Demand and Limited Supply

Retrieved on: 
Thursday, August 13, 2020
Mortgage-backed security, Subprime mortgage crisis, Mortgage loan, Tax incidence, Money, Finance, Economy

"Demand and insufficient supply, particularly in certain price ranges and neighborhoods, will continue to generate price appreciation."

Key Points: 
  • "Demand and insufficient supply, particularly in certain price ranges and neighborhoods, will continue to generate price appreciation."
  • Broward real estate had record low delinquencies, no subprime mortgage crisis, strong demand/low supply, low interest rates, strong population growth, demand from foreign buyers and tax refugees from tax burdened states, high consumer confidence and a strong job market.
  • Only 3.5% of all closed residential sales in Broward were distressed in 2Q 2020,
    including REO (bank-owned properties) and short sales, compared to 3.5% in 2Q 2019.
  • Short sales and REOs accounted for 0.7% and 2.8%, respectively, of total Broward sales in 2Q 2020.

Fraser Institute News Release: Repealing Ontario’s “temporary” income tax hike would boost economic activity with minimal costs

Retrieved on: 
Tuesday, July 14, 2020
Tax incidence, Tax, Income tax in the United States, Economic inequality in the United States, Economy, Income in the United States

To help Ontario recover from the COVID recession, the Ford government should spur economic activity and increase the provinces attractiveness for investment, entrepreneurs and high-skilled workers, said Ben Eisen, a senior fellow with the Fraser Institute.

Key Points: 
  • To help Ontario recover from the COVID recession, the Ford government should spur economic activity and increase the provinces attractiveness for investment, entrepreneurs and high-skilled workers, said Ben Eisen, a senior fellow with the Fraser Institute.
  • But lowering the top marginal tax rate encourages more productive work and risk-taking by high-income earners.
  • Currently, Ontario has the second-highest top personal income tax rate of any Canadian province or U.S. state.
  • Policymakers need to be aware of the behavioural changes that accompany income tax rate changes, said study author Ergete Ferede, professor of economics at MacEwan University in Alberta.