Author: Editor

I was five months pregnant when my husband and I boarded a plane from Columbus, Ohio, to Rome with two young kids and a third on the way.It was March 2014, and I was feeling nervous but excited. I was fully convinced we were chasing a beautiful, slower-paced life abroad.We had just finished our university degrees and wanted something different — something quieter, more affordable, and full of cultural richness.With the large population, abundance of things to do, and a lot of English-speaking areas, Rome seemed like the perfect place to begin again.However, living there was trickier and more expensive…

PricewaterhouseCoopers LLP named more than 20 new partners in Greater China as the firm seeks to reboot its business following the troubles stemming from its role in the collapse of the nation’s biggest property developer, according to people familiar with the matter.The new Hong Kong and mainland China partners were announced internally last week, according to people who asked not to be identified because they are not authorized to speak publicly. The number of new partner promotions is in line with previous years, the people said. A PwC spokesperson wasn’t immediately available to comment.  The promotions come as the audit firm seeks…

This as-told-to essay is based on a conversation with Lisa Jean-Francois, a mom and content creator in her 40s from Boston, MA, about leaving the influencer industry. It’s been edited for length and clarity.When I started posting content in 2012, it was drugstore makeup and inexpensive fashion. I thought, “I can show people how to style themselves without breaking the bank.”I didn’t start making money right away, but after I had my first child, I knew I wanted to take content creating a bit more seriously. Within a year of dedicating my time to my personal blog and content, my…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldDonald Trump’s “big, beautiful bill” inched closer to passage on Monday, as Senate Republicans charged ahead with their efforts to pass the flagship tax legislation ahead of the US president’s self-imposed July 4 deadline.But while Trump insisted the bill was “moving along nicely”, it remained uncertain whether the sweeping legislation would get buy-in from enough Republicans on Capitol Hill to be signed into law by the end of the week.“ONE GREAT BIG BEAUTIFUL BILL, is moving along nicely! MAKE AMERICA…

The Senate made adjustments in the text of the massive One Big Beautiful Bill to preserve the state and local tax deduction for pass-through entities such as accounting firms and law firms, eliminating the provision in the House version of the bill curbing the ability of such businesses to avoid the SALT cap.The American Institute of CPAs has been lobbying for the change. AICPA president and CEO Mark Koziel praised the move. “We applaud the commitment of members of Congress and the administration to ensure that the budget reconciliation bill continues to preserve parity between C corporations and pass-through entities so…

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldRunning to about 1,000 pages, the US tax package known as the “big beautiful bill” covers a bewildering array of topics. Yet one tweak that ought to have been included wasn’t: the “carried interest” distortion that plumps the feather beds of private equity executives. This loophole, which dates back to the 1950s, allows managers who oversee private equity investments at firms like Blackstone, KKR and Apollo Global Management to treat their roughly 20 per cent share of the fund’s profit…

Republican Party leaders are rushing to overcome lingering internal fights over President Donald Trump’s massive tax and spending package as Democrats launch attacks to exploit the divisions.Senate Republicans were still at odds Monday over how much to cut Medicaid and other social safety-net programs and how rapidly to end Biden-era clean energy tax breaks as Democrats gained the chance to force votes on amendments to the package.Democrats, locked out of power in Washington, are planning to offer amendments during a marathon voting session to exploit the infighting and make the GOP goal of getting holdouts to back the bill as…

The U.S. Supreme Court refused to question an Internal Revenue Service summons that forced Coinbase Global Inc. to turn over transaction information for more than 14,000 cryptocurrency customers.The justices without explanation rejected an appeal from an account holder who said the IRS violated his rights under the Constitution’s Fourth Amendment.Privacy advocates had hoped the case would put new limits on government searches in the digital age. Coinbase account holder James Harper asked the Supreme Court to revisit a 1976 ruling that said customers don’t have privacy rights in records held by their banks.A federal appeals court upheld the IRS summons,…

Senate Republicans are moving forward with a plan to mask the $3.8 trillion cost of extending expiring tax cuts in President Donald Trump’s signature economic legislation by using an unprecedented accounting maneuver. GOP senators voted Monday in favor of the plan to count the extension of Trump’s 2017 tax cuts as costing nothing, over objections from Democrats and despite concerns raised by economists about the U.S. debt trajectory. Republicans argue that using this accounting method, known as “current policy,” would allow them to include more tax cuts in Trump’s “One Big, Beautiful Bill.”The cost of extending Trump’s first-term tax cuts, according to…

Canada has withdrawn its digital services tax on technology companies such as Meta Platforms Inc. and Alphabet Inc. in a move to restart trade talks with the U.S.”Rescinding the DST will allow the negotiations to make vital progress and reinforce our work to create jobs and build prosperity for all Canadians,” Finance Minister Francois-Philippe Champagne said in a social media post late Sunday local time.On Friday afternoon, US President Donald Trump said he was ending all trade discussions with Canada, one of its largest trading partners, in retaliation for the digital tax. He also threatened to impose a fresh tariff…