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Up until now value-added taxes (VAT) were considered to be highly regressive taxes. Numerous studies have found that VAT appears to be regressive when measured as a percentage of current income. Nevertheless, a recent OECD paper used household expenditures microdata from 27 OECD countries to reassess this often-made conclusion that VAT is regressive. Value-added taxes
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The World Health Organization said Thursday there is “no evidence” the coronavirus is being transmitted through food. Researchers in China are studying the issue, and the international agency is tracking their findings, Dr. Mike Ryan, executive director of the WHO’s emergencies program, said during a press conference at the agency’s Geneva headquarters. But right now
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A powerful push in innovation is creating excitement among venture capitalists. Early stage angel investor Nidhi Chadda of Enzo Advisors finds the coronavirus fallout is producing a seismic shift in how the world does business, and she believes much of it will be permanent.  “Over the past several years regardless of which industry we’ve been
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On the last day of Nebraska’s recently reconvened 2020 legislative session, legislators today granted final approval to LB1107, a bill to provide state income tax relief to help offset local property taxes paid, as well as to make adjustments to Nebraska’s business incentives program. This compromise is the result of many months of negotiations in
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The Trump administration on Thursday weakened Obama-era regulations designed to reduce climate-warming methane gas emissions from oil and gas fields.  The Environmental Protection Agency’s new rule, which has been in progress for over a year, would eliminate federal requirements for oil and gas companies to monitor and repair methane leaks from pipelines, storage facilities and
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Shoppers walk past a Coach outlet store. Luke Sharrett | Bloomberg | Getty Images Coach and Kate Spade owner Tapestry said Thursday its sales online during the latest quarter surged a triple-digit percentage from a year ago, as consumers stuck at home during the coronavirus pandemic flocked to its websites for handbags, pajamas and other whimsical accessories. 
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The off-price chain Stein Mart, which announced Wednesday it had filed for Chapter 11 bankruptcy protection, will officially be closing all of its stores for good.  The company’s liquidators — a team of Gordon Brothers, Hilco Merchant Resources, Tiger Capital Group,  B. Riley Financial’s Great American Group and SB360 Capital Partners — announced Thursday morning that Stein Mart
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