The world population is expected to grow from the 7.5 billion currently (5 billion in 1987) to 10 billion by 2050.
Recently, I had the opportunity to attend a talk at ISB Hyderabad by Dr. Ganesh Natarajan on the digital transformation India is experiencing. He made a great point that if every techy Indian just makes two people digitally literate, we might soon live in a different nation we all like to dream about, blame others for, and discuss in big conference rooms etc! I couldn’t agree more!
Having described the taxonomy of the US Tax Code in the last article, it is worth taking a look at two of the most discussed areas of the Code: Partnerships (Subchapter K) and Corporations (Subchapter C).
The Trump Administration has finally released a more detailed version of proposed tax legislation. It is detailed enough for the lobbying process to begin in earnest. The goal of the next few articles in this series is to focus on the distinct parts of the US Tax Code and explain their relevance to the everyday concerns of business. It is easy to get lost; easy to outsource understanding to a paid cadre of experts whose living depends on first obfuscating and then explaining by the billable hour.
Hedge funds are associated with some of the wealthiest people in the world. Names such as Steve Cohen, George Soros, Paul Tudor Jones, Carl Icahn bring to mind images of wealth – both managers and investors – that are beyond the imagination of 99% of the world’s population.
According to a growing number of investors, cryptocurrencies are not only the future of money, but also attractive profitable investment assets, though highly risky and volatile.
Tax policy is fascinating – really. According to the Tax Policy Center, 45.3% of the US adult population pays no income tax, despite touching most people’s lives. As discussed in this article, the rules are complex because they need to cover the many ways in which people and corporations act in the pursuit of profit and even philanthropy.