Wednesday, October 27, 2021


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Tag: Tax Cuts and Jobs act

What’s powering the economy? Frankly, it’s a mystery

The U.S. economy’s steady growth – the longest stretch since World War II without a recession – is something of a mystery. Last summer,...
WORLD VIEW: Kevin Papa, partner at Piccerelli, Gilstein & Co. LLP in Providence, has performed tax work for numerous foreign companies with interests in the U.S. / PBN PHOTO/ELIZABETH GRAHAM

Federal tax act may be enticing foreign firms

Nearly 2,220 foreign businesses operated in Rhode Island in 2017, according to data from the R.I. Secretary of State’s Office. But after the federal tax...

Opportunity zones: The last great neoliberal experiment

The opportunity zones created by the federal tax reform of 2017 have all been set up, and the money has started to flow. When...
INCREASED GIVING: United Way of Rhode Island President and CEO Cortney Nicolato, center, talks with Jason Boulan, project manager, digital media marketing, and Angela Bannerman Ankoma, executive vice president, director of community investment. Nicolato said the nonprofit has so far seen an increase in giving this year. / PBN PHOTO/MICHAEL SALERNO

Proving value key to preserving donations

The new federal tax law implemented this year – with a doubling of the standard deduction amount allowed for individuals and married couples –...
ALL 25 Qualified Opportunity Zones nominated by Rhode Island to the U.S. Department of Treasury and the IRS were approved. / COURTESY R.I. COMMERCE CORP.

All 25 R.I. ‘Qualified Opportunity Zones’ approved by feds

PROVIDENCE – All 25 areas that Gov. Gina M. Raimondo and the R.I. Commerce Corp. submitted for designation as “Qualified Opportunity Zones” were approved...
BRISTOL AND KENT counties were identified as “at risk” for a decline in tax revenues due to changes made in the Tax Cuts and Jobs Act of 2017. / COURTESY STANDRAD AND POOR'S

2017 federal tax law likely to squeeze revenue for parts of...

PROVIDENCE - The federal Tax Cuts and Jobs Act of 2017 is likely to create benefits for some municipalities and burdens for others, mainly...
THE 2017 FEDERAL TAX OVERHAUL will give 64.2 percent of Rhode Island taxpayers a cut in their federal taxes, while 7 percent will see an increase in the 2018 tax year.

Report: 64% of R.I.ers getting tax cut, 7% tax increase in...

PROVIDENCE – Fewer then two-thirds of Rhode Islanders will see a tax cut on their 2018 federal tax bill, according to calculations done by...
SUMMER INFANT INC. reported a $2.2 million loss for 2017.

Summer Infant reports net loss of $2.2M in 2017, driven by...

WOONSOCKET – Summer Infant Inc., creator of infant and juvenile products, reported a $2.2 million loss in 2017, driven by a one-time $1.7 million...

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