The White House framework includes a 15% minimum corporate tax and a tax surcharge on wealthiest Americans, but leaves out an automatic retirement plan provision and changes to IRA rules
We’re still waiting for the first major Reg BI penalty to hit. When it does, it could spark controversy.
The bill would increase the average benefit by 2% and impose the payroll tax on wages above $400,000.
An annual levy on the unrealized capital gains of ultra-wealthy people 'is a slippery slope' that could draw in millionaires and more, one adviser said.
The Labor Department is giving the financial industry the additional breathing room it had sought to prepare for the new regulation.
But an executive at Schwab says increasing the top capital gains rate and lowering the estate tax exemption could make it into a compromise measure.
A Capital Group survey released during Schwab Impact cites a lack of consistency in ESG scores, varying company disclosures and differing third-party ratings.
Congress likely would propose more sustainable infrastructure investment once the ball gets rolling, expert says at Schwab Impact.
The broker-dealer regulator's move comes as the SEC launches a study of the risks associated with complex exchange-traded products that could lead to rulemaking.
Smaller state advisers want to be able to post client endorsements and quote them in ads when bigger SEC-registered firms get the green light.
