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Opportunity Zones can’t be just another loophole

Treasury Secretary Steven Mnuchin has said he expects investments in “Opportunity Zones” to top $100 billion eventually. He’s referring to an initiative – part...

Wall Street watchdog blames ‘algo trading’ for stock market volatility

PROVIDENCE – A Wall Street watchdog group wants to put a stop to so-called “algo trading” that it says is playing havoc with the...
THE TRUMP ADMINISTRATION said that China has agreed to remove tariffs on imported automobiles. / BLOOMBERG NEWS FILE PHOTO/ OILAI SHEN

Mnuchin says China agrees to lower auto tariffs; Beijing silent

NEW YORK - U.S. Treasury Secretary Steven Mnuchin said China has agreed to remove tariffs on imported automobiles but declined to detail the specifics of...
ALL 25 Qualified Opportunity Zones nominated by Rhode Island to the U.S. Department of Treasury and the IRS were approved. Areas in purple were submitted to the federal program and received QOZ designation, while areas in green were eligible but not submitted. Rhode Island submitted the maximum number of designations allowed./ COURTESY R.I. COMMERCE CORP.

IRS unveils proposed rules for tax law’s big capital gains break:...

NEW YORK - The Internal Revenue Service unveiled proposed regulations Friday for what Treasury Secretary Steven Mnuchin says could be a $100 billion investment opportunity...
THE TRUMP ADMINISTRATION announced another round of tariffs that will affect roughly $200 billion in Chinese goods. / BLOOMBERG FILE PHOTO/QILAI SHEN

Trump ratchets up tariff pressure on China with $200B hit

NEW YORK - The Trump administration will slap a 10 percent tariff on about $200 billion in Chinese goods next week, and more than double...
IN AN EFFORT to help Americans determine if the amount of federal taxes being withheld from their pay is accurate under the new tax law, the U.S. Treasury Department Wednesday unveiled an online calculator, which is available at irs.gov. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Tax cut calculator unveiled by Treasury to verify withholding

NEW YORK - The U.S. Treasury Department unveiled an online calculator Wednesday to help Americans determine whether the amount of federal taxes being withheld from...

Republican tax plan emboldens stock bulls while economists fret

Economists or stock market analysts – whom are you going to believe?Whether you take the view that tax cuts will be a boon for...
THE U.S. TREASURY MAINTAINED a $62 billion long-term debt for the sixth straight quarter and predicted a rising need for more borrowing in the coming quarters. / BLOOMBERG FILE PHOTO/JULIA SCHMALZ

Treasury maintains borrowing, notes outlook for rising needs

NEW YORK - The U.S. Treasury Department said it will maintain the issuance of longer-term debt for the sixth straight quarter at $62 billion...
A FRAMEWORK FOR a tax overhaul bill is expected to be released as soon as this week. Above, Treasury Secretary Steven Mnuchin. /BLOOMBERG FILE PHOTO/ANDREW HARRER

Tax plan framework is said to possibly go public this week

NEW YORK - A set of broad guidelines on a tax overhaul bill could be released as early as this week, according to people...
BANK OF AMERICA MERRIL LYNCH said that proposed individual tax reform could take years to implement if they pass. /BLOOMBERG FILE PHOTO/MICHAEL NAGLE

Individual tax reform may take `two or more years,’ Says BofA

NEW YORK - The sweeping changes the Trump administration hopes to make to individual taxes will likely be a long time coming, Bank of America...
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