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Tag Archives: Rate
A High Tax Rate on Star Inventors Lowers Total Innovation
A recent paper by economists Alexander Bell, Raj Chetty, Xavier Jaravel, Neviana Petkova, and John Van Reenen uses new data to examine how tax policy affects innovation. The authors show that while tax policy is not the only determining factor … Continue reading
Fed Cuts Interest Rate to Ease Market, Housing Crunch
The US Federal Reserve Bank announced a lowering of the interest rate for federal funds, meaning the rate banks charge one another for overnight loans. The rate will be lowered from 4.25 to 3.5. This is the third interest rate … Continue reading
Prescribed rate of interest is 10.25% from 1 January 2019
The prescribed rate of interest has been changed with effect from 1 January 2019 to 10.25% per annum. The previous rate was 10%. According to the Prescribed Rate of Interest Act, interest on debts where no rate is prescribed is calculated … Continue reading
Posted in Banking and Finance law
Tagged 10.25%, 2019, interest, January, prescribed, Rate
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Ocasio-Cortez’s Proposed 70 Percent Top Marginal Income Tax Rate Would Deter Innovation
As America’s advantage in innovation erodes and levels of entrepreneurial activity decline, it is becoming increasingly important that tax policy does not further hinder economic dynamism. Unfortunately, a recent proposal by freshman Rep. Alexandria Ocasio-Cortez (D-NY) to increase the top … Continue reading
Posted in Tax Law
Tagged deter, Income, Innovation, marginal, OcasioCortez’s, percent, Proposed, Rate, would
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Chairman, Behnam talk interest rate benchmarks at Bipartisan Policy Center
By Anne Sherry, J.D.With LIBOR’s end date in sight, panelists gathered at the Bipartisan Policy Center to discuss topics relating to a transition to the alternative benchmark rate SOFR. SEC Chairman Jay Clayton answered questions from CNBC’s John Harwood about … Continue reading
Posted in Securities Law
Tagged Behnam, benchmarks, Bipartisan, center, chairman, interest, Policy, Rate, Talk
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