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X @Bloomberg
Bloomberg· 2025-10-01 15:45
A criminal investigation that led to raids of Northern Data’s offices last week is focused on whether the company illegally claimed a tax break on about €500 million ($586 million) worth of high-performance computing chips, sources say https://t.co/Q7AlQJwmr1 ...
X @Investopedia
Investopedia· 2025-09-16 21:00
Tax Policy - Most states offer at least one tax break to retirees [1] - Some states exempt multiple forms of retirement income [1] - Eight states have no income tax at all [1]
What Is Going On With Chinese EV Stocks Nio, Li Auto, Xpeng On Tuesday?
Benzinga· 2025-08-12 16:24
Industry Overview - Electric vehicle (EV) sales in mainland China reached 1.26 million units in July, representing a 5% decline from June but a 27.4% increase year-over-year [1] - From January to July 2025, EV sales climbed 38.5% year-over-year to 8.22 million units, with EV adoption rising to 48.7% from 43.8% in 2024 [4] - The average price cuts on electric and petrol cars decreased to 16.7% in July from 17.4% in June [3] Company Performance - Nio Inc. is experiencing bearish momentum, with its stock trading lower [3] - Nio registered 6,100 units in the week of August 4 to 10, down 23.1% from the previous week [7] - Other companies like BYD, Li Auto, and Xpeng also reported mixed registration results, with BYD leading at 54,800 registrations, down 10.1% week-over-week [6] Market Dynamics - The decline in sales is attributed to Beijing's push for automakers to reduce discounts and focus on profitability [2] - Fitch Ratings anticipates a softening demand from July to September, with a potential rebound in the fourth quarter as buyers seek to secure tax breaks before they phase out [5] - Lower-priced electric cars under 100,000 yuan ($13,925) are performing well, attracting price-sensitive buyers [4]
X @Bloomberg
Bloomberg· 2025-07-23 14:30
Environmental Impact - The GOP tax law's tax break for new car buyers is projected to increase pollution [1] - The tax break is expected to make the US transportation system more deadly [1] Social Impact - The tax break is considered regressive, potentially disproportionately benefiting higher-income individuals [1]
X @Investopedia
Investopedia· 2025-07-15 01:00
Tax Policy - Bonus depreciation is a tax incentive allowing businesses to immediately deduct a significant portion of eligible asset purchase costs [1]
“Today's vote will haunt our Republican colleagues for years to come.”
MSNBC· 2025-07-01 21:37
Tax Policy Impact - Senate Republicans passed a tax break for billionaires [1] - The tax break is funded by cuts to healthcare for millions and reduced food assistance for children [1] - The bill is expected to cause tens of millions to lose health insurance [2] - Millions of jobs are projected to disappear as a result of the bill [2] - The national debt is predicted to explode to unprecedented levels [2] - Corporate special interests will receive a permanent tax break [3] Political Implications - The vote is characterized as a "big ugly betrayal" that will haunt Republican colleagues [2] - One Republican senator chose to retire rather than vote in favor of the bill [3] - Many senators reportedly felt the bill was bad for their states but lacked the courage to vote against it [3]
X @Investopedia
Investopedia· 2025-06-18 14:30
Tax Benefits for Retirees - Most states offer at least one tax break to retirees [1] - Eight states have no income tax at all [1] Retirement Income Exemptions - Some states exempt multiple forms of retirement income [1]