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World’s Richest Face Tax Squeeze After 40% Run-Up in Fortunes

2021-06-10

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World’s Richest Face Tax Squeeze After 40% Run-Up in Fortunes

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p":1623306645,"share":"https://www.laohu8.com/m/news/1100474066?lang=&edition=full","pubTime":"2021-06-10 14:30","market":"us","language":"en","title":"World’s Richest Face Tax Squeeze After 40% Run-Up in Fortunes","url":"https://stock-news.laohu8.com/highlight/detail?id=1100474066","media":"bloomberg","summary":"Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too","content":"<p>Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too.</p>\n<p>In many ways, though, the world’s richest people left the rest of us behind long ago.</p>\n<p>The world’swealthiest 500individuals are now worth $8.4 trillion, up more than 40% in the year and a half since the global pandemic began its devastation. Meanwhile, the economy’s biggest winners, the tech corporations that created many of these vast fortunes, pay lower tax rates than grocery clerks, and their mega-wealthy founders can exploit legal loopholes to pass huge windfalls onto heirs largely tax-free.</p>\n<p>Taxing Talks</p>\n<p>More than 100 countries need to agree on a new framework for multinational companies</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f5ab1d945db8edf3d1450daed610c9ab\" tg-width=\"873\" tg-height=\"513\" referrerpolicy=\"no-referrer\"><span>Source: Organization for Economic Cooperation and Development Note: Data as of Feb. 2021; G-7 countries are also members of the G-20</span></p>\n<p>Now, a group powerful enough to challenge the supremacy of the tech titans is on the verge of taking action. The leaders of the Group of Seven, including U.S. President Joe Biden and U.K. Prime Minister Boris Johnson, meet in southwestern England this weekend, where they’re expected to endorse a plan to plug holes in the world’s leaky tax system.</p>\n<p>While the changes still need approval from a larger group of nations, including China, before becoming reality, the agreement by the G-7 marks a historic turning point after decades of falling levies on multinational corporations.</p>\n<p>“It is very easy for multinationals and the richest people to escape tax. What we are seeing with the G-7 is that the time has come for politicians to take back power,” said Philippe Martin, a former adviser to French President Emmanuel Macron who now heads the Conseil d’Analyse Economique. “There is a window of opportunity, a turning point at which they are realizing they need tax power and they need to spend more.”</p>\n<p>The deal would bolster Biden’s own plans to boost taxes on corporations and the wealthy by raising rates, making heirs pay more, and equalizing rates between investors and workers.</p>\n<p>The proposals are part of a global revival of initiatives to target the rich, from Buenos Aires to Stockholm to Washington, including new taxes on capital gains,inheritances, andwealththat have gained momentum since Covid-19 blew massive fiscal holes in government budgets around the world.</p>\n<p>U.S. Treasury Secretary Janet Yellen framed the G-7 deal as a way for governments to protect their national sovereignty to set tax policy.</p>\n<p>“For too long there has been a global race-to-the-bottom in corporate tax rates,” Yellen said following the G-7 finance ministers’ meeting in London last week, ahead of this weekend’s gathering.</p>\n<p>Amazon and some other tech companies, meanwhile, have endorsed the agreement, believing the global regime will be more manageable than costly alternatives being pursued by individual countries. Bezos has alsovoiced supportfor higher U.S. corporate taxes to pay for infrastructure.</p>\n<p>Advocates for higher taxes say the steps are necessary to stave off a rise in populism and even for the sustainability of capitalism.</p>\n<p>“The most visible and prominent winners of globalization are these big multinationals whose effective tax rates have collapsed,” said University of California at Berkeley economics professor Gabriel Zucman, who tracks wealth and inequality. “That can only lead to a growing rejection of that form of globalization by the people.”</p>\n<p>The World Economic Forum, the organizer of the annual conference for the rich and powerful in Davos, Switzerland, issued awhite paperthis month arguing “taxation systems must be redesigned efficiently to tax capital and multinationals.”</p>\n<p>Governments need the revenue and “progressive taxation will be an essential mechanism to compensate for the uneven recovery already under way,” according to the report.</p>\n<p>There remain plenty of defenders of low taxes.</p>\n<p>A Taxing Debate</p>\n<p>Corporate tax rates in OECD countries range from 9% to more than 30%</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4659f086b7a925fa517b8f9026c6359\" tg-width=\"938\" tg-height=\"397\"><span>Source: Organization for Economic Cooperation and Development Note: Rates listed are combined national and provincial levies</span></p>\n<p>Conservative economists such as Douglas Holtz-Eakin, president of the American Action Forum, argue taxing the wealthy and corporations more heavily will damage the economy.</p>\n<p>“Higher taxes on capital generally raises the possibility of a slowdown of productivity growth,” said Holtz-Eakin, who was an adviser to President George W. Bush.</p>\n<p>That view is losing ground though as resentment grows over the ways that highly profitable corporations reduce their taxes.</p>\n<p>Facebook, Apple, Amazon, Netflix, Google and Microsoft collectively skirted approximately $100 billion in U.S. taxes from 2010 to 2019, according to ananalysisof regulatory filings from Fair Tax Mark, a progressive think tank. Many of those untaxed profits were shifted into tax havens like Bermuda, Ireland, Luxembourg and the Netherlands.</p>\n<p>Amazon paid an effective corporate tax rate of 11.8% in 2020, according to a Bloomberg Economicsanalysis, and it’s hardly an outlier among highly successful tech companies. Facebook, founded by the world’s fifth-richest person, Mark Zuckerberg, paid 12.2% last year.</p>\n<p>Tech’s Tax Rate</p>\n<p>Digital giants paid relatively low levels of tax on profits from 2010-2019</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c228802d147f8d4f06faf2f76120f59\" tg-width=\"931\" tg-height=\"410\"><span>Source: Fair Tax Mark</span></p>\n<p>Asked to comment for this article, an Amazon spokesperson pointed to some of the company’s prior statements related to its tax bill, including, in part: “Amazon’s taxes, which are publicly reported, reflect our continued investments, employee compensation, and current U.S. tax laws.”</p>\n<p>As a mix between a technology company and a retailer with massive physical infrastructure, Amazon is able to use a slew of long-standing, low-profile tax preferences for stock compensation, buildings, research and development. Bezos has pushed to re-invest profits into the company, a strategy that keeps taxable income low and tax breaks high.</p>\n<p>Amazon completely avoided federal income taxes in 2017 and 2018 thanks to its savvy use of the tax code. Since then, the company has had to pay some income tax to the Internal Revenue Service, but it’s been far below the 21% headline rate installed under President Donald Trump.</p>\n<p>Billionaire tech founders often pay even less personally than their corporations do.</p>\n<p>Bezos, for example, got $77 billion richer in 2020, according to theBloomberg Billionaires Index. But in the U.S., gains on stock are only taxed when they’re sold, at a far lower rate than well-off workers pay, meaning that Bezos owed at most a few billion dollars in taxes to the U.S. Treasury last year.</p>\n<p>“This country’s wealthiest, who profited immensely during the pandemic, have not been paying their fair share,” Senate Finance Committee Chairman Ron Wyden said after ProPublicareportedon Tuesday that several of the world’s billionaires, including Bezos, didn’t pay any federal income taxes in some years.</p>\n<p>The media organization said it obtained confidential tax documents on thousands of the wealthiest Americans, including for Warren Buffett and Michael Bloomberg, owner of Bloomberg LP, the parent company of Bloomberg News. Bloomberg and others told ProPublica they had paid the taxes they owed.</p>\n<p>To remove advantages in the U.S. tax code that benefit the ultra-wealthy, Biden has proposed taxing inherited assets that currently escape levies, and boosting the top rate on investment income so that well-paid workers and investors pay the same.</p>\n<p>On an international scale, the administration is seeking a global minimum tax of at least 15% for the world’s most profitable companies -- the deal expected to be pushed forward at the G-7 meeting this weekend.</p>\n<p>Sponsored ContentThe New Auto RevolutionGAC Motor</p>\n<p>The G-7 deal would change other rules for taxing multinationals, in order to undercut efforts to shift profits to low-tax countries. Biden is also advocating to increase the U.S. corporate rate to 28%, partly reversing Trump’s tax overhaul.</p>\n<p>Race to the Bottom</p>\n<p>Worldwide average statutory corporate income tax rates have been declining for four decades</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d845bae07f165ac1814f9a4281fc2a87\" tg-width=\"936\" tg-height=\"398\"><span>Source: Tax Foundation via Atlantic Council</span></p>\n<p>Tech companies could see their effective tax rates jump if a global tax deal is reached, according to research from Morgan Stanley. Facebook and Alphabet’s Google could both pay 28% on their profits worldwide, up from 18% and 17% respectively under current rules, the report found.</p>\n<p>For all the talk of taxing the rich, Biden’s proposals, and the international tax deal, face serious hurdles before they’re adopted.</p>\n<p>While some of his fellow Democrats, who narrowly control Congress, are pushing for more radical changes to the taxes of estates and wealth, others are hesitant.</p>\n<p>The next step for the global tax negotiations, which were launched years ago by the Organization for Economic Cooperation and Development and have involved roughly 140 nations, is to win agreement among the Group of 20 countries. Finance ministers for the G-20, which collectively oversee about 90% of the world’s economy, will meet in July in Venice.</p>\n<p>Stumbling blocks to reaching a deal by year-end include China, which may seekexemptionsfrom the minimum tax.</p>\n<p>Still, there are hopes the global effort “puts an end to the craziness,” said Pascal Saint-Amans, director of the center for tax policy at the OECD. “You had loopholes everywhere and nobody was taking care of that. It’s undermining the very goal of capitalism and a free-market economy.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World’s Richest Face Tax Squeeze After 40% Run-Up in Fortunes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld’s Richest Face Tax Squeeze After 40% Run-Up in Fortunes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 14:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-10/world-s-richest-face-a-tax-squeeze-after-40-run-up-in-fortunes><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too.\nIn many ways, though, the world’s richest people left the rest of us behind long ago.\nThe world’...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-10/world-s-richest-face-a-tax-squeeze-after-40-run-up-in-fortunes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","AMZN":"亚马逊","GOOG":"谷歌"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-10/world-s-richest-face-a-tax-squeeze-after-40-run-up-in-fortunes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100474066","content_text":"Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too.\nIn many ways, though, the world’s richest people left the rest of us behind long ago.\nThe world’swealthiest 500individuals are now worth $8.4 trillion, up more than 40% in the year and a half since the global pandemic began its devastation. Meanwhile, the economy’s biggest winners, the tech corporations that created many of these vast fortunes, pay lower tax rates than grocery clerks, and their mega-wealthy founders can exploit legal loopholes to pass huge windfalls onto heirs largely tax-free.\nTaxing Talks\nMore than 100 countries need to agree on a new framework for multinational companies\nSource: Organization for Economic Cooperation and Development Note: Data as of Feb. 2021; G-7 countries are also members of the G-20\nNow, a group powerful enough to challenge the supremacy of the tech titans is on the verge of taking action. The leaders of the Group of Seven, including U.S. President Joe Biden and U.K. Prime Minister Boris Johnson, meet in southwestern England this weekend, where they’re expected to endorse a plan to plug holes in the world’s leaky tax system.\nWhile the changes still need approval from a larger group of nations, including China, before becoming reality, the agreement by the G-7 marks a historic turning point after decades of falling levies on multinational corporations.\n“It is very easy for multinationals and the richest people to escape tax. What we are seeing with the G-7 is that the time has come for politicians to take back power,” said Philippe Martin, a former adviser to French President Emmanuel Macron who now heads the Conseil d’Analyse Economique. “There is a window of opportunity, a turning point at which they are realizing they need tax power and they need to spend more.”\nThe deal would bolster Biden’s own plans to boost taxes on corporations and the wealthy by raising rates, making heirs pay more, and equalizing rates between investors and workers.\nThe proposals are part of a global revival of initiatives to target the rich, from Buenos Aires to Stockholm to Washington, including new taxes on capital gains,inheritances, andwealththat have gained momentum since Covid-19 blew massive fiscal holes in government budgets around the world.\nU.S. Treasury Secretary Janet Yellen framed the G-7 deal as a way for governments to protect their national sovereignty to set tax policy.\n“For too long there has been a global race-to-the-bottom in corporate tax rates,” Yellen said following the G-7 finance ministers’ meeting in London last week, ahead of this weekend’s gathering.\nAmazon and some other tech companies, meanwhile, have endorsed the agreement, believing the global regime will be more manageable than costly alternatives being pursued by individual countries. Bezos has alsovoiced supportfor higher U.S. corporate taxes to pay for infrastructure.\nAdvocates for higher taxes say the steps are necessary to stave off a rise in populism and even for the sustainability of capitalism.\n“The most visible and prominent winners of globalization are these big multinationals whose effective tax rates have collapsed,” said University of California at Berkeley economics professor Gabriel Zucman, who tracks wealth and inequality. “That can only lead to a growing rejection of that form of globalization by the people.”\nThe World Economic Forum, the organizer of the annual conference for the rich and powerful in Davos, Switzerland, issued awhite paperthis month arguing “taxation systems must be redesigned efficiently to tax capital and multinationals.”\nGovernments need the revenue and “progressive taxation will be an essential mechanism to compensate for the uneven recovery already under way,” according to the report.\nThere remain plenty of defenders of low taxes.\nA Taxing Debate\nCorporate tax rates in OECD countries range from 9% to more than 30%\nSource: Organization for Economic Cooperation and Development Note: Rates listed are combined national and provincial levies\nConservative economists such as Douglas Holtz-Eakin, president of the American Action Forum, argue taxing the wealthy and corporations more heavily will damage the economy.\n“Higher taxes on capital generally raises the possibility of a slowdown of productivity growth,” said Holtz-Eakin, who was an adviser to President George W. Bush.\nThat view is losing ground though as resentment grows over the ways that highly profitable corporations reduce their taxes.\nFacebook, Apple, Amazon, Netflix, Google and Microsoft collectively skirted approximately $100 billion in U.S. taxes from 2010 to 2019, according to ananalysisof regulatory filings from Fair Tax Mark, a progressive think tank. Many of those untaxed profits were shifted into tax havens like Bermuda, Ireland, Luxembourg and the Netherlands.\nAmazon paid an effective corporate tax rate of 11.8% in 2020, according to a Bloomberg Economicsanalysis, and it’s hardly an outlier among highly successful tech companies. Facebook, founded by the world’s fifth-richest person, Mark Zuckerberg, paid 12.2% last year.\nTech’s Tax Rate\nDigital giants paid relatively low levels of tax on profits from 2010-2019\nSource: Fair Tax Mark\nAsked to comment for this article, an Amazon spokesperson pointed to some of the company’s prior statements related to its tax bill, including, in part: “Amazon’s taxes, which are publicly reported, reflect our continued investments, employee compensation, and current U.S. tax laws.”\nAs a mix between a technology company and a retailer with massive physical infrastructure, Amazon is able to use a slew of long-standing, low-profile tax preferences for stock compensation, buildings, research and development. Bezos has pushed to re-invest profits into the company, a strategy that keeps taxable income low and tax breaks high.\nAmazon completely avoided federal income taxes in 2017 and 2018 thanks to its savvy use of the tax code. Since then, the company has had to pay some income tax to the Internal Revenue Service, but it’s been far below the 21% headline rate installed under President Donald Trump.\nBillionaire tech founders often pay even less personally than their corporations do.\nBezos, for example, got $77 billion richer in 2020, according to theBloomberg Billionaires Index. But in the U.S., gains on stock are only taxed when they’re sold, at a far lower rate than well-off workers pay, meaning that Bezos owed at most a few billion dollars in taxes to the U.S. Treasury last year.\n“This country’s wealthiest, who profited immensely during the pandemic, have not been paying their fair share,” Senate Finance Committee Chairman Ron Wyden said after ProPublicareportedon Tuesday that several of the world’s billionaires, including Bezos, didn’t pay any federal income taxes in some years.\nThe media organization said it obtained confidential tax documents on thousands of the wealthiest Americans, including for Warren Buffett and Michael Bloomberg, owner of Bloomberg LP, the parent company of Bloomberg News. Bloomberg and others told ProPublica they had paid the taxes they owed.\nTo remove advantages in the U.S. tax code that benefit the ultra-wealthy, Biden has proposed taxing inherited assets that currently escape levies, and boosting the top rate on investment income so that well-paid workers and investors pay the same.\nOn an international scale, the administration is seeking a global minimum tax of at least 15% for the world’s most profitable companies -- the deal expected to be pushed forward at the G-7 meeting this weekend.\nSponsored ContentThe New Auto RevolutionGAC Motor\nThe G-7 deal would change other rules for taxing multinationals, in order to undercut efforts to shift profits to low-tax countries. Biden is also advocating to increase the U.S. corporate rate to 28%, partly reversing Trump’s tax overhaul.\nRace to the Bottom\nWorldwide average statutory corporate income tax rates have been declining for four decades\nSource: Tax Foundation via Atlantic Council\nTech companies could see their effective tax rates jump if a global tax deal is reached, according to research from Morgan Stanley. Facebook and Alphabet’s Google could both pay 28% on their profits worldwide, up from 18% and 17% respectively under current rules, the report found.\nFor all the talk of taxing the rich, Biden’s proposals, and the international tax deal, face serious hurdles before they’re adopted.\nWhile some of his fellow Democrats, who narrowly control Congress, are pushing for more radical changes to the taxes of estates and wealth, others are hesitant.\nThe next step for the global tax negotiations, which were launched years ago by the Organization for Economic Cooperation and Development and have involved roughly 140 nations, is to win agreement among the Group of 20 countries. Finance ministers for the G-20, which collectively oversee about 90% of the world’s economy, will meet in July in Venice.\nStumbling blocks to reaching a deal by year-end include China, which may seekexemptionsfrom the minimum tax.\nStill, there are hopes the global effort “puts an end to the craziness,” said Pascal Saint-Amans, director of the center for tax policy at the OECD. “You had loopholes everywhere and nobody was taking care of that. It’s undermining the very goal of capitalism and a free-market economy.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":390,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3585016169113806","authorId":"3585016169113806","name":"moneyfreedom","avatar":"https://static.tigerbbs.com/0d3d86db039526e68f0ef11b938e4ed9","crmLevel":2,"crmLevelSwitch":0},"content":"Please respond to this comment thanks","text":"Please respond to this comment thanks","html":"Please respond to this comment thanks"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183316629,"gmtCreate":1623307054761,"gmtModify":1704200541340,"author":{"id":"3579795252410093","authorId":"3579795252410093","name":"gingar","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183316629","repostId":"2142241696","repostType":4,"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183316122,"gmtCreate":1623307020566,"gmtModify":1704200540853,"author":{"id":"3579795252410093","authorId":"3579795252410093","name":"gingar","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/183316122","repostId":"1100474066","repostType":4,"repost":{"id":"1100474066","pubTimestamp":1623306645,"share":"https://www.laohu8.com/m/news/1100474066?lang=&edition=full","pubTime":"2021-06-10 14:30","market":"us","language":"en","title":"World’s Richest Face Tax Squeeze After 40% Run-Up in Fortunes","url":"https://stock-news.laohu8.com/highlight/detail?id=1100474066","media":"bloomberg","summary":"Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too","content":"<p>Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too.</p>\n<p>In many ways, though, the world’s richest people left the rest of us behind long ago.</p>\n<p>The world’swealthiest 500individuals are now worth $8.4 trillion, up more than 40% in the year and a half since the global pandemic began its devastation. Meanwhile, the economy’s biggest winners, the tech corporations that created many of these vast fortunes, pay lower tax rates than grocery clerks, and their mega-wealthy founders can exploit legal loopholes to pass huge windfalls onto heirs largely tax-free.</p>\n<p>Taxing Talks</p>\n<p>More than 100 countries need to agree on a new framework for multinational companies</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f5ab1d945db8edf3d1450daed610c9ab\" tg-width=\"873\" tg-height=\"513\" referrerpolicy=\"no-referrer\"><span>Source: Organization for Economic Cooperation and Development Note: Data as of Feb. 2021; G-7 countries are also members of the G-20</span></p>\n<p>Now, a group powerful enough to challenge the supremacy of the tech titans is on the verge of taking action. The leaders of the Group of Seven, including U.S. President Joe Biden and U.K. Prime Minister Boris Johnson, meet in southwestern England this weekend, where they’re expected to endorse a plan to plug holes in the world’s leaky tax system.</p>\n<p>While the changes still need approval from a larger group of nations, including China, before becoming reality, the agreement by the G-7 marks a historic turning point after decades of falling levies on multinational corporations.</p>\n<p>“It is very easy for multinationals and the richest people to escape tax. What we are seeing with the G-7 is that the time has come for politicians to take back power,” said Philippe Martin, a former adviser to French President Emmanuel Macron who now heads the Conseil d’Analyse Economique. “There is a window of opportunity, a turning point at which they are realizing they need tax power and they need to spend more.”</p>\n<p>The deal would bolster Biden’s own plans to boost taxes on corporations and the wealthy by raising rates, making heirs pay more, and equalizing rates between investors and workers.</p>\n<p>The proposals are part of a global revival of initiatives to target the rich, from Buenos Aires to Stockholm to Washington, including new taxes on capital gains,inheritances, andwealththat have gained momentum since Covid-19 blew massive fiscal holes in government budgets around the world.</p>\n<p>U.S. Treasury Secretary Janet Yellen framed the G-7 deal as a way for governments to protect their national sovereignty to set tax policy.</p>\n<p>“For too long there has been a global race-to-the-bottom in corporate tax rates,” Yellen said following the G-7 finance ministers’ meeting in London last week, ahead of this weekend’s gathering.</p>\n<p>Amazon and some other tech companies, meanwhile, have endorsed the agreement, believing the global regime will be more manageable than costly alternatives being pursued by individual countries. Bezos has alsovoiced supportfor higher U.S. corporate taxes to pay for infrastructure.</p>\n<p>Advocates for higher taxes say the steps are necessary to stave off a rise in populism and even for the sustainability of capitalism.</p>\n<p>“The most visible and prominent winners of globalization are these big multinationals whose effective tax rates have collapsed,” said University of California at Berkeley economics professor Gabriel Zucman, who tracks wealth and inequality. “That can only lead to a growing rejection of that form of globalization by the people.”</p>\n<p>The World Economic Forum, the organizer of the annual conference for the rich and powerful in Davos, Switzerland, issued awhite paperthis month arguing “taxation systems must be redesigned efficiently to tax capital and multinationals.”</p>\n<p>Governments need the revenue and “progressive taxation will be an essential mechanism to compensate for the uneven recovery already under way,” according to the report.</p>\n<p>There remain plenty of defenders of low taxes.</p>\n<p>A Taxing Debate</p>\n<p>Corporate tax rates in OECD countries range from 9% to more than 30%</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4659f086b7a925fa517b8f9026c6359\" tg-width=\"938\" tg-height=\"397\"><span>Source: Organization for Economic Cooperation and Development Note: Rates listed are combined national and provincial levies</span></p>\n<p>Conservative economists such as Douglas Holtz-Eakin, president of the American Action Forum, argue taxing the wealthy and corporations more heavily will damage the economy.</p>\n<p>“Higher taxes on capital generally raises the possibility of a slowdown of productivity growth,” said Holtz-Eakin, who was an adviser to President George W. Bush.</p>\n<p>That view is losing ground though as resentment grows over the ways that highly profitable corporations reduce their taxes.</p>\n<p>Facebook, Apple, Amazon, Netflix, Google and Microsoft collectively skirted approximately $100 billion in U.S. taxes from 2010 to 2019, according to ananalysisof regulatory filings from Fair Tax Mark, a progressive think tank. Many of those untaxed profits were shifted into tax havens like Bermuda, Ireland, Luxembourg and the Netherlands.</p>\n<p>Amazon paid an effective corporate tax rate of 11.8% in 2020, according to a Bloomberg Economicsanalysis, and it’s hardly an outlier among highly successful tech companies. Facebook, founded by the world’s fifth-richest person, Mark Zuckerberg, paid 12.2% last year.</p>\n<p>Tech’s Tax Rate</p>\n<p>Digital giants paid relatively low levels of tax on profits from 2010-2019</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c228802d147f8d4f06faf2f76120f59\" tg-width=\"931\" tg-height=\"410\"><span>Source: Fair Tax Mark</span></p>\n<p>Asked to comment for this article, an Amazon spokesperson pointed to some of the company’s prior statements related to its tax bill, including, in part: “Amazon’s taxes, which are publicly reported, reflect our continued investments, employee compensation, and current U.S. tax laws.”</p>\n<p>As a mix between a technology company and a retailer with massive physical infrastructure, Amazon is able to use a slew of long-standing, low-profile tax preferences for stock compensation, buildings, research and development. Bezos has pushed to re-invest profits into the company, a strategy that keeps taxable income low and tax breaks high.</p>\n<p>Amazon completely avoided federal income taxes in 2017 and 2018 thanks to its savvy use of the tax code. Since then, the company has had to pay some income tax to the Internal Revenue Service, but it’s been far below the 21% headline rate installed under President Donald Trump.</p>\n<p>Billionaire tech founders often pay even less personally than their corporations do.</p>\n<p>Bezos, for example, got $77 billion richer in 2020, according to theBloomberg Billionaires Index. But in the U.S., gains on stock are only taxed when they’re sold, at a far lower rate than well-off workers pay, meaning that Bezos owed at most a few billion dollars in taxes to the U.S. Treasury last year.</p>\n<p>“This country’s wealthiest, who profited immensely during the pandemic, have not been paying their fair share,” Senate Finance Committee Chairman Ron Wyden said after ProPublicareportedon Tuesday that several of the world’s billionaires, including Bezos, didn’t pay any federal income taxes in some years.</p>\n<p>The media organization said it obtained confidential tax documents on thousands of the wealthiest Americans, including for Warren Buffett and Michael Bloomberg, owner of Bloomberg LP, the parent company of Bloomberg News. Bloomberg and others told ProPublica they had paid the taxes they owed.</p>\n<p>To remove advantages in the U.S. tax code that benefit the ultra-wealthy, Biden has proposed taxing inherited assets that currently escape levies, and boosting the top rate on investment income so that well-paid workers and investors pay the same.</p>\n<p>On an international scale, the administration is seeking a global minimum tax of at least 15% for the world’s most profitable companies -- the deal expected to be pushed forward at the G-7 meeting this weekend.</p>\n<p>Sponsored ContentThe New Auto RevolutionGAC Motor</p>\n<p>The G-7 deal would change other rules for taxing multinationals, in order to undercut efforts to shift profits to low-tax countries. Biden is also advocating to increase the U.S. corporate rate to 28%, partly reversing Trump’s tax overhaul.</p>\n<p>Race to the Bottom</p>\n<p>Worldwide average statutory corporate income tax rates have been declining for four decades</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d845bae07f165ac1814f9a4281fc2a87\" tg-width=\"936\" tg-height=\"398\"><span>Source: Tax Foundation via Atlantic Council</span></p>\n<p>Tech companies could see their effective tax rates jump if a global tax deal is reached, according to research from Morgan Stanley. Facebook and Alphabet’s Google could both pay 28% on their profits worldwide, up from 18% and 17% respectively under current rules, the report found.</p>\n<p>For all the talk of taxing the rich, Biden’s proposals, and the international tax deal, face serious hurdles before they’re adopted.</p>\n<p>While some of his fellow Democrats, who narrowly control Congress, are pushing for more radical changes to the taxes of estates and wealth, others are hesitant.</p>\n<p>The next step for the global tax negotiations, which were launched years ago by the Organization for Economic Cooperation and Development and have involved roughly 140 nations, is to win agreement among the Group of 20 countries. Finance ministers for the G-20, which collectively oversee about 90% of the world’s economy, will meet in July in Venice.</p>\n<p>Stumbling blocks to reaching a deal by year-end include China, which may seekexemptionsfrom the minimum tax.</p>\n<p>Still, there are hopes the global effort “puts an end to the craziness,” said Pascal Saint-Amans, director of the center for tax policy at the OECD. “You had loopholes everywhere and nobody was taking care of that. It’s undermining the very goal of capitalism and a free-market economy.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World’s Richest Face Tax Squeeze After 40% Run-Up in Fortunes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld’s Richest Face Tax Squeeze After 40% Run-Up in Fortunes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 14:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-10/world-s-richest-face-a-tax-squeeze-after-40-run-up-in-fortunes><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too.\nIn many ways, though, the world’s richest people left the rest of us behind long ago.\nThe world’...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-10/world-s-richest-face-a-tax-squeeze-after-40-run-up-in-fortunes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","AMZN":"亚马逊","GOOG":"谷歌"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-10/world-s-richest-face-a-tax-squeeze-after-40-run-up-in-fortunes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100474066","content_text":"Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too.\nIn many ways, though, the world’s richest people left the rest of us behind long ago.\nThe world’swealthiest 500individuals are now worth $8.4 trillion, up more than 40% in the year and a half since the global pandemic began its devastation. Meanwhile, the economy’s biggest winners, the tech corporations that created many of these vast fortunes, pay lower tax rates than grocery clerks, and their mega-wealthy founders can exploit legal loopholes to pass huge windfalls onto heirs largely tax-free.\nTaxing Talks\nMore than 100 countries need to agree on a new framework for multinational companies\nSource: Organization for Economic Cooperation and Development Note: Data as of Feb. 2021; G-7 countries are also members of the G-20\nNow, a group powerful enough to challenge the supremacy of the tech titans is on the verge of taking action. The leaders of the Group of Seven, including U.S. President Joe Biden and U.K. Prime Minister Boris Johnson, meet in southwestern England this weekend, where they’re expected to endorse a plan to plug holes in the world’s leaky tax system.\nWhile the changes still need approval from a larger group of nations, including China, before becoming reality, the agreement by the G-7 marks a historic turning point after decades of falling levies on multinational corporations.\n“It is very easy for multinationals and the richest people to escape tax. What we are seeing with the G-7 is that the time has come for politicians to take back power,” said Philippe Martin, a former adviser to French President Emmanuel Macron who now heads the Conseil d’Analyse Economique. “There is a window of opportunity, a turning point at which they are realizing they need tax power and they need to spend more.”\nThe deal would bolster Biden’s own plans to boost taxes on corporations and the wealthy by raising rates, making heirs pay more, and equalizing rates between investors and workers.\nThe proposals are part of a global revival of initiatives to target the rich, from Buenos Aires to Stockholm to Washington, including new taxes on capital gains,inheritances, andwealththat have gained momentum since Covid-19 blew massive fiscal holes in government budgets around the world.\nU.S. Treasury Secretary Janet Yellen framed the G-7 deal as a way for governments to protect their national sovereignty to set tax policy.\n“For too long there has been a global race-to-the-bottom in corporate tax rates,” Yellen said following the G-7 finance ministers’ meeting in London last week, ahead of this weekend’s gathering.\nAmazon and some other tech companies, meanwhile, have endorsed the agreement, believing the global regime will be more manageable than costly alternatives being pursued by individual countries. Bezos has alsovoiced supportfor higher U.S. corporate taxes to pay for infrastructure.\nAdvocates for higher taxes say the steps are necessary to stave off a rise in populism and even for the sustainability of capitalism.\n“The most visible and prominent winners of globalization are these big multinationals whose effective tax rates have collapsed,” said University of California at Berkeley economics professor Gabriel Zucman, who tracks wealth and inequality. “That can only lead to a growing rejection of that form of globalization by the people.”\nThe World Economic Forum, the organizer of the annual conference for the rich and powerful in Davos, Switzerland, issued awhite paperthis month arguing “taxation systems must be redesigned efficiently to tax capital and multinationals.”\nGovernments need the revenue and “progressive taxation will be an essential mechanism to compensate for the uneven recovery already under way,” according to the report.\nThere remain plenty of defenders of low taxes.\nA Taxing Debate\nCorporate tax rates in OECD countries range from 9% to more than 30%\nSource: Organization for Economic Cooperation and Development Note: Rates listed are combined national and provincial levies\nConservative economists such as Douglas Holtz-Eakin, president of the American Action Forum, argue taxing the wealthy and corporations more heavily will damage the economy.\n“Higher taxes on capital generally raises the possibility of a slowdown of productivity growth,” said Holtz-Eakin, who was an adviser to President George W. Bush.\nThat view is losing ground though as resentment grows over the ways that highly profitable corporations reduce their taxes.\nFacebook, Apple, Amazon, Netflix, Google and Microsoft collectively skirted approximately $100 billion in U.S. taxes from 2010 to 2019, according to ananalysisof regulatory filings from Fair Tax Mark, a progressive think tank. Many of those untaxed profits were shifted into tax havens like Bermuda, Ireland, Luxembourg and the Netherlands.\nAmazon paid an effective corporate tax rate of 11.8% in 2020, according to a Bloomberg Economicsanalysis, and it’s hardly an outlier among highly successful tech companies. Facebook, founded by the world’s fifth-richest person, Mark Zuckerberg, paid 12.2% last year.\nTech’s Tax Rate\nDigital giants paid relatively low levels of tax on profits from 2010-2019\nSource: Fair Tax Mark\nAsked to comment for this article, an Amazon spokesperson pointed to some of the company’s prior statements related to its tax bill, including, in part: “Amazon’s taxes, which are publicly reported, reflect our continued investments, employee compensation, and current U.S. tax laws.”\nAs a mix between a technology company and a retailer with massive physical infrastructure, Amazon is able to use a slew of long-standing, low-profile tax preferences for stock compensation, buildings, research and development. Bezos has pushed to re-invest profits into the company, a strategy that keeps taxable income low and tax breaks high.\nAmazon completely avoided federal income taxes in 2017 and 2018 thanks to its savvy use of the tax code. Since then, the company has had to pay some income tax to the Internal Revenue Service, but it’s been far below the 21% headline rate installed under President Donald Trump.\nBillionaire tech founders often pay even less personally than their corporations do.\nBezos, for example, got $77 billion richer in 2020, according to theBloomberg Billionaires Index. But in the U.S., gains on stock are only taxed when they’re sold, at a far lower rate than well-off workers pay, meaning that Bezos owed at most a few billion dollars in taxes to the U.S. Treasury last year.\n“This country’s wealthiest, who profited immensely during the pandemic, have not been paying their fair share,” Senate Finance Committee Chairman Ron Wyden said after ProPublicareportedon Tuesday that several of the world’s billionaires, including Bezos, didn’t pay any federal income taxes in some years.\nThe media organization said it obtained confidential tax documents on thousands of the wealthiest Americans, including for Warren Buffett and Michael Bloomberg, owner of Bloomberg LP, the parent company of Bloomberg News. Bloomberg and others told ProPublica they had paid the taxes they owed.\nTo remove advantages in the U.S. tax code that benefit the ultra-wealthy, Biden has proposed taxing inherited assets that currently escape levies, and boosting the top rate on investment income so that well-paid workers and investors pay the same.\nOn an international scale, the administration is seeking a global minimum tax of at least 15% for the world’s most profitable companies -- the deal expected to be pushed forward at the G-7 meeting this weekend.\nSponsored ContentThe New Auto RevolutionGAC Motor\nThe G-7 deal would change other rules for taxing multinationals, in order to undercut efforts to shift profits to low-tax countries. Biden is also advocating to increase the U.S. corporate rate to 28%, partly reversing Trump’s tax overhaul.\nRace to the Bottom\nWorldwide average statutory corporate income tax rates have been declining for four decades\nSource: Tax Foundation via Atlantic Council\nTech companies could see their effective tax rates jump if a global tax deal is reached, according to research from Morgan Stanley. Facebook and Alphabet’s Google could both pay 28% on their profits worldwide, up from 18% and 17% respectively under current rules, the report found.\nFor all the talk of taxing the rich, Biden’s proposals, and the international tax deal, face serious hurdles before they’re adopted.\nWhile some of his fellow Democrats, who narrowly control Congress, are pushing for more radical changes to the taxes of estates and wealth, others are hesitant.\nThe next step for the global tax negotiations, which were launched years ago by the Organization for Economic Cooperation and Development and have involved roughly 140 nations, is to win agreement among the Group of 20 countries. Finance ministers for the G-20, which collectively oversee about 90% of the world’s economy, will meet in July in Venice.\nStumbling blocks to reaching a deal by year-end include China, which may seekexemptionsfrom the minimum tax.\nStill, there are hopes the global effort “puts an end to the craziness,” said Pascal Saint-Amans, director of the center for tax policy at the OECD. “You had loopholes everywhere and nobody was taking care of that. It’s undermining the very goal of capitalism and a free-market economy.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":272,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571731917050098","authorId":"3571731917050098","name":"killuz","avatar":"https://static.tigerbbs.com/f2f7506133b4298111ecff9ef46ff33c","crmLevel":4,"crmLevelSwitch":1},"content":"comment and like","text":"comment and like","html":"comment and like"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":183315983,"gmtCreate":1623307157142,"gmtModify":1704200543282,"author":{"id":"3579795252410093","authorId":"3579795252410093","name":"gingar","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hihi","listText":"Hihi","text":"Hihi","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":5,"commentSize":10,"repostSize":0,"link":"https://ttm.financial/post/183315983","repostId":"1100474066","repostType":4,"repost":{"id":"1100474066","pubTimestamp":1623306645,"share":"https://www.laohu8.com/m/news/1100474066?lang=&edition=full","pubTime":"2021-06-10 14:30","market":"us","language":"en","title":"World’s Richest Face Tax Squeeze After 40% Run-Up in Fortunes","url":"https://stock-news.laohu8.com/highlight/detail?id=1100474066","media":"bloomberg","summary":"Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too","content":"<p>Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too.</p>\n<p>In many ways, though, the world’s richest people left the rest of us behind long ago.</p>\n<p>The world’swealthiest 500individuals are now worth $8.4 trillion, up more than 40% in the year and a half since the global pandemic began its devastation. Meanwhile, the economy’s biggest winners, the tech corporations that created many of these vast fortunes, pay lower tax rates than grocery clerks, and their mega-wealthy founders can exploit legal loopholes to pass huge windfalls onto heirs largely tax-free.</p>\n<p>Taxing Talks</p>\n<p>More than 100 countries need to agree on a new framework for multinational companies</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f5ab1d945db8edf3d1450daed610c9ab\" tg-width=\"873\" tg-height=\"513\" referrerpolicy=\"no-referrer\"><span>Source: Organization for Economic Cooperation and Development Note: Data as of Feb. 2021; G-7 countries are also members of the G-20</span></p>\n<p>Now, a group powerful enough to challenge the supremacy of the tech titans is on the verge of taking action. The leaders of the Group of Seven, including U.S. President Joe Biden and U.K. Prime Minister Boris Johnson, meet in southwestern England this weekend, where they’re expected to endorse a plan to plug holes in the world’s leaky tax system.</p>\n<p>While the changes still need approval from a larger group of nations, including China, before becoming reality, the agreement by the G-7 marks a historic turning point after decades of falling levies on multinational corporations.</p>\n<p>“It is very easy for multinationals and the richest people to escape tax. What we are seeing with the G-7 is that the time has come for politicians to take back power,” said Philippe Martin, a former adviser to French President Emmanuel Macron who now heads the Conseil d’Analyse Economique. “There is a window of opportunity, a turning point at which they are realizing they need tax power and they need to spend more.”</p>\n<p>The deal would bolster Biden’s own plans to boost taxes on corporations and the wealthy by raising rates, making heirs pay more, and equalizing rates between investors and workers.</p>\n<p>The proposals are part of a global revival of initiatives to target the rich, from Buenos Aires to Stockholm to Washington, including new taxes on capital gains,inheritances, andwealththat have gained momentum since Covid-19 blew massive fiscal holes in government budgets around the world.</p>\n<p>U.S. Treasury Secretary Janet Yellen framed the G-7 deal as a way for governments to protect their national sovereignty to set tax policy.</p>\n<p>“For too long there has been a global race-to-the-bottom in corporate tax rates,” Yellen said following the G-7 finance ministers’ meeting in London last week, ahead of this weekend’s gathering.</p>\n<p>Amazon and some other tech companies, meanwhile, have endorsed the agreement, believing the global regime will be more manageable than costly alternatives being pursued by individual countries. Bezos has alsovoiced supportfor higher U.S. corporate taxes to pay for infrastructure.</p>\n<p>Advocates for higher taxes say the steps are necessary to stave off a rise in populism and even for the sustainability of capitalism.</p>\n<p>“The most visible and prominent winners of globalization are these big multinationals whose effective tax rates have collapsed,” said University of California at Berkeley economics professor Gabriel Zucman, who tracks wealth and inequality. “That can only lead to a growing rejection of that form of globalization by the people.”</p>\n<p>The World Economic Forum, the organizer of the annual conference for the rich and powerful in Davos, Switzerland, issued awhite paperthis month arguing “taxation systems must be redesigned efficiently to tax capital and multinationals.”</p>\n<p>Governments need the revenue and “progressive taxation will be an essential mechanism to compensate for the uneven recovery already under way,” according to the report.</p>\n<p>There remain plenty of defenders of low taxes.</p>\n<p>A Taxing Debate</p>\n<p>Corporate tax rates in OECD countries range from 9% to more than 30%</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4659f086b7a925fa517b8f9026c6359\" tg-width=\"938\" tg-height=\"397\"><span>Source: Organization for Economic Cooperation and Development Note: Rates listed are combined national and provincial levies</span></p>\n<p>Conservative economists such as Douglas Holtz-Eakin, president of the American Action Forum, argue taxing the wealthy and corporations more heavily will damage the economy.</p>\n<p>“Higher taxes on capital generally raises the possibility of a slowdown of productivity growth,” said Holtz-Eakin, who was an adviser to President George W. Bush.</p>\n<p>That view is losing ground though as resentment grows over the ways that highly profitable corporations reduce their taxes.</p>\n<p>Facebook, Apple, Amazon, Netflix, Google and Microsoft collectively skirted approximately $100 billion in U.S. taxes from 2010 to 2019, according to ananalysisof regulatory filings from Fair Tax Mark, a progressive think tank. Many of those untaxed profits were shifted into tax havens like Bermuda, Ireland, Luxembourg and the Netherlands.</p>\n<p>Amazon paid an effective corporate tax rate of 11.8% in 2020, according to a Bloomberg Economicsanalysis, and it’s hardly an outlier among highly successful tech companies. Facebook, founded by the world’s fifth-richest person, Mark Zuckerberg, paid 12.2% last year.</p>\n<p>Tech’s Tax Rate</p>\n<p>Digital giants paid relatively low levels of tax on profits from 2010-2019</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c228802d147f8d4f06faf2f76120f59\" tg-width=\"931\" tg-height=\"410\"><span>Source: Fair Tax Mark</span></p>\n<p>Asked to comment for this article, an Amazon spokesperson pointed to some of the company’s prior statements related to its tax bill, including, in part: “Amazon’s taxes, which are publicly reported, reflect our continued investments, employee compensation, and current U.S. tax laws.”</p>\n<p>As a mix between a technology company and a retailer with massive physical infrastructure, Amazon is able to use a slew of long-standing, low-profile tax preferences for stock compensation, buildings, research and development. Bezos has pushed to re-invest profits into the company, a strategy that keeps taxable income low and tax breaks high.</p>\n<p>Amazon completely avoided federal income taxes in 2017 and 2018 thanks to its savvy use of the tax code. Since then, the company has had to pay some income tax to the Internal Revenue Service, but it’s been far below the 21% headline rate installed under President Donald Trump.</p>\n<p>Billionaire tech founders often pay even less personally than their corporations do.</p>\n<p>Bezos, for example, got $77 billion richer in 2020, according to theBloomberg Billionaires Index. But in the U.S., gains on stock are only taxed when they’re sold, at a far lower rate than well-off workers pay, meaning that Bezos owed at most a few billion dollars in taxes to the U.S. Treasury last year.</p>\n<p>“This country’s wealthiest, who profited immensely during the pandemic, have not been paying their fair share,” Senate Finance Committee Chairman Ron Wyden said after ProPublicareportedon Tuesday that several of the world’s billionaires, including Bezos, didn’t pay any federal income taxes in some years.</p>\n<p>The media organization said it obtained confidential tax documents on thousands of the wealthiest Americans, including for Warren Buffett and Michael Bloomberg, owner of Bloomberg LP, the parent company of Bloomberg News. Bloomberg and others told ProPublica they had paid the taxes they owed.</p>\n<p>To remove advantages in the U.S. tax code that benefit the ultra-wealthy, Biden has proposed taxing inherited assets that currently escape levies, and boosting the top rate on investment income so that well-paid workers and investors pay the same.</p>\n<p>On an international scale, the administration is seeking a global minimum tax of at least 15% for the world’s most profitable companies -- the deal expected to be pushed forward at the G-7 meeting this weekend.</p>\n<p>Sponsored ContentThe New Auto RevolutionGAC Motor</p>\n<p>The G-7 deal would change other rules for taxing multinationals, in order to undercut efforts to shift profits to low-tax countries. Biden is also advocating to increase the U.S. corporate rate to 28%, partly reversing Trump’s tax overhaul.</p>\n<p>Race to the Bottom</p>\n<p>Worldwide average statutory corporate income tax rates have been declining for four decades</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d845bae07f165ac1814f9a4281fc2a87\" tg-width=\"936\" tg-height=\"398\"><span>Source: Tax Foundation via Atlantic Council</span></p>\n<p>Tech companies could see their effective tax rates jump if a global tax deal is reached, according to research from Morgan Stanley. Facebook and Alphabet’s Google could both pay 28% on their profits worldwide, up from 18% and 17% respectively under current rules, the report found.</p>\n<p>For all the talk of taxing the rich, Biden’s proposals, and the international tax deal, face serious hurdles before they’re adopted.</p>\n<p>While some of his fellow Democrats, who narrowly control Congress, are pushing for more radical changes to the taxes of estates and wealth, others are hesitant.</p>\n<p>The next step for the global tax negotiations, which were launched years ago by the Organization for Economic Cooperation and Development and have involved roughly 140 nations, is to win agreement among the Group of 20 countries. Finance ministers for the G-20, which collectively oversee about 90% of the world’s economy, will meet in July in Venice.</p>\n<p>Stumbling blocks to reaching a deal by year-end include China, which may seekexemptionsfrom the minimum tax.</p>\n<p>Still, there are hopes the global effort “puts an end to the craziness,” said Pascal Saint-Amans, director of the center for tax policy at the OECD. “You had loopholes everywhere and nobody was taking care of that. It’s undermining the very goal of capitalism and a free-market economy.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World’s Richest Face Tax Squeeze After 40% Run-Up in Fortunes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld’s Richest Face Tax Squeeze After 40% Run-Up in Fortunes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 14:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-10/world-s-richest-face-a-tax-squeeze-after-40-run-up-in-fortunes><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too.\nIn many ways, though, the world’s richest people left the rest of us behind long ago.\nThe world’...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-10/world-s-richest-face-a-tax-squeeze-after-40-run-up-in-fortunes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","AMZN":"亚马逊","GOOG":"谷歌"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-10/world-s-richest-face-a-tax-squeeze-after-40-run-up-in-fortunes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100474066","content_text":"Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too.\nIn many ways, though, the world’s richest people left the rest of us behind long ago.\nThe world’swealthiest 500individuals are now worth $8.4 trillion, up more than 40% in the year and a half since the global pandemic began its devastation. Meanwhile, the economy’s biggest winners, the tech corporations that created many of these vast fortunes, pay lower tax rates than grocery clerks, and their mega-wealthy founders can exploit legal loopholes to pass huge windfalls onto heirs largely tax-free.\nTaxing Talks\nMore than 100 countries need to agree on a new framework for multinational companies\nSource: Organization for Economic Cooperation and Development Note: Data as of Feb. 2021; G-7 countries are also members of the G-20\nNow, a group powerful enough to challenge the supremacy of the tech titans is on the verge of taking action. The leaders of the Group of Seven, including U.S. President Joe Biden and U.K. Prime Minister Boris Johnson, meet in southwestern England this weekend, where they’re expected to endorse a plan to plug holes in the world’s leaky tax system.\nWhile the changes still need approval from a larger group of nations, including China, before becoming reality, the agreement by the G-7 marks a historic turning point after decades of falling levies on multinational corporations.\n“It is very easy for multinationals and the richest people to escape tax. What we are seeing with the G-7 is that the time has come for politicians to take back power,” said Philippe Martin, a former adviser to French President Emmanuel Macron who now heads the Conseil d’Analyse Economique. “There is a window of opportunity, a turning point at which they are realizing they need tax power and they need to spend more.”\nThe deal would bolster Biden’s own plans to boost taxes on corporations and the wealthy by raising rates, making heirs pay more, and equalizing rates between investors and workers.\nThe proposals are part of a global revival of initiatives to target the rich, from Buenos Aires to Stockholm to Washington, including new taxes on capital gains,inheritances, andwealththat have gained momentum since Covid-19 blew massive fiscal holes in government budgets around the world.\nU.S. Treasury Secretary Janet Yellen framed the G-7 deal as a way for governments to protect their national sovereignty to set tax policy.\n“For too long there has been a global race-to-the-bottom in corporate tax rates,” Yellen said following the G-7 finance ministers’ meeting in London last week, ahead of this weekend’s gathering.\nAmazon and some other tech companies, meanwhile, have endorsed the agreement, believing the global regime will be more manageable than costly alternatives being pursued by individual countries. Bezos has alsovoiced supportfor higher U.S. corporate taxes to pay for infrastructure.\nAdvocates for higher taxes say the steps are necessary to stave off a rise in populism and even for the sustainability of capitalism.\n“The most visible and prominent winners of globalization are these big multinationals whose effective tax rates have collapsed,” said University of California at Berkeley economics professor Gabriel Zucman, who tracks wealth and inequality. “That can only lead to a growing rejection of that form of globalization by the people.”\nThe World Economic Forum, the organizer of the annual conference for the rich and powerful in Davos, Switzerland, issued awhite paperthis month arguing “taxation systems must be redesigned efficiently to tax capital and multinationals.”\nGovernments need the revenue and “progressive taxation will be an essential mechanism to compensate for the uneven recovery already under way,” according to the report.\nThere remain plenty of defenders of low taxes.\nA Taxing Debate\nCorporate tax rates in OECD countries range from 9% to more than 30%\nSource: Organization for Economic Cooperation and Development Note: Rates listed are combined national and provincial levies\nConservative economists such as Douglas Holtz-Eakin, president of the American Action Forum, argue taxing the wealthy and corporations more heavily will damage the economy.\n“Higher taxes on capital generally raises the possibility of a slowdown of productivity growth,” said Holtz-Eakin, who was an adviser to President George W. Bush.\nThat view is losing ground though as resentment grows over the ways that highly profitable corporations reduce their taxes.\nFacebook, Apple, Amazon, Netflix, Google and Microsoft collectively skirted approximately $100 billion in U.S. taxes from 2010 to 2019, according to ananalysisof regulatory filings from Fair Tax Mark, a progressive think tank. Many of those untaxed profits were shifted into tax havens like Bermuda, Ireland, Luxembourg and the Netherlands.\nAmazon paid an effective corporate tax rate of 11.8% in 2020, according to a Bloomberg Economicsanalysis, and it’s hardly an outlier among highly successful tech companies. Facebook, founded by the world’s fifth-richest person, Mark Zuckerberg, paid 12.2% last year.\nTech’s Tax Rate\nDigital giants paid relatively low levels of tax on profits from 2010-2019\nSource: Fair Tax Mark\nAsked to comment for this article, an Amazon spokesperson pointed to some of the company’s prior statements related to its tax bill, including, in part: “Amazon’s taxes, which are publicly reported, reflect our continued investments, employee compensation, and current U.S. tax laws.”\nAs a mix between a technology company and a retailer with massive physical infrastructure, Amazon is able to use a slew of long-standing, low-profile tax preferences for stock compensation, buildings, research and development. Bezos has pushed to re-invest profits into the company, a strategy that keeps taxable income low and tax breaks high.\nAmazon completely avoided federal income taxes in 2017 and 2018 thanks to its savvy use of the tax code. Since then, the company has had to pay some income tax to the Internal Revenue Service, but it’s been far below the 21% headline rate installed under President Donald Trump.\nBillionaire tech founders often pay even less personally than their corporations do.\nBezos, for example, got $77 billion richer in 2020, according to theBloomberg Billionaires Index. But in the U.S., gains on stock are only taxed when they’re sold, at a far lower rate than well-off workers pay, meaning that Bezos owed at most a few billion dollars in taxes to the U.S. Treasury last year.\n“This country’s wealthiest, who profited immensely during the pandemic, have not been paying their fair share,” Senate Finance Committee Chairman Ron Wyden said after ProPublicareportedon Tuesday that several of the world’s billionaires, including Bezos, didn’t pay any federal income taxes in some years.\nThe media organization said it obtained confidential tax documents on thousands of the wealthiest Americans, including for Warren Buffett and Michael Bloomberg, owner of Bloomberg LP, the parent company of Bloomberg News. Bloomberg and others told ProPublica they had paid the taxes they owed.\nTo remove advantages in the U.S. tax code that benefit the ultra-wealthy, Biden has proposed taxing inherited assets that currently escape levies, and boosting the top rate on investment income so that well-paid workers and investors pay the same.\nOn an international scale, the administration is seeking a global minimum tax of at least 15% for the world’s most profitable companies -- the deal expected to be pushed forward at the G-7 meeting this weekend.\nSponsored ContentThe New Auto RevolutionGAC Motor\nThe G-7 deal would change other rules for taxing multinationals, in order to undercut efforts to shift profits to low-tax countries. Biden is also advocating to increase the U.S. corporate rate to 28%, partly reversing Trump’s tax overhaul.\nRace to the Bottom\nWorldwide average statutory corporate income tax rates have been declining for four decades\nSource: Tax Foundation via Atlantic Council\nTech companies could see their effective tax rates jump if a global tax deal is reached, according to research from Morgan Stanley. Facebook and Alphabet’s Google could both pay 28% on their profits worldwide, up from 18% and 17% respectively under current rules, the report found.\nFor all the talk of taxing the rich, Biden’s proposals, and the international tax deal, face serious hurdles before they’re adopted.\nWhile some of his fellow Democrats, who narrowly control Congress, are pushing for more radical changes to the taxes of estates and wealth, others are hesitant.\nThe next step for the global tax negotiations, which were launched years ago by the Organization for Economic Cooperation and Development and have involved roughly 140 nations, is to win agreement among the Group of 20 countries. Finance ministers for the G-20, which collectively oversee about 90% of the world’s economy, will meet in July in Venice.\nStumbling blocks to reaching a deal by year-end include China, which may seekexemptionsfrom the minimum tax.\nStill, there are hopes the global effort “puts an end to the craziness,” said Pascal Saint-Amans, director of the center for tax policy at the OECD. “You had loopholes everywhere and nobody was taking care of that. It’s undermining the very goal of capitalism and a free-market economy.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":390,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3585016169113806","authorId":"3585016169113806","name":"moneyfreedom","avatar":"https://static.tigerbbs.com/0d3d86db039526e68f0ef11b938e4ed9","crmLevel":2,"crmLevelSwitch":0},"content":"Please respond to this comment thanks","text":"Please respond to this comment thanks","html":"Please respond to this comment thanks"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804764019,"gmtCreate":1627981385431,"gmtModify":1703499041490,"author":{"id":"3579795252410093","authorId":"3579795252410093","name":"gingar","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like plss","listText":"Like plss","text":"Like plss","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/804764019","repostId":"1183916574","repostType":4,"isVote":1,"tweetType":1,"viewCount":297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183316122,"gmtCreate":1623307020566,"gmtModify":1704200540853,"author":{"id":"3579795252410093","authorId":"3579795252410093","name":"gingar","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/183316122","repostId":"1100474066","repostType":4,"repost":{"id":"1100474066","pubTimestamp":1623306645,"share":"https://www.laohu8.com/m/news/1100474066?lang=&edition=full","pubTime":"2021-06-10 14:30","market":"us","language":"en","title":"World’s Richest Face Tax Squeeze After 40% Run-Up in Fortunes","url":"https://stock-news.laohu8.com/highlight/detail?id=1100474066","media":"bloomberg","summary":"Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too","content":"<p>Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too.</p>\n<p>In many ways, though, the world’s richest people left the rest of us behind long ago.</p>\n<p>The world’swealthiest 500individuals are now worth $8.4 trillion, up more than 40% in the year and a half since the global pandemic began its devastation. Meanwhile, the economy’s biggest winners, the tech corporations that created many of these vast fortunes, pay lower tax rates than grocery clerks, and their mega-wealthy founders can exploit legal loopholes to pass huge windfalls onto heirs largely tax-free.</p>\n<p>Taxing Talks</p>\n<p>More than 100 countries need to agree on a new framework for multinational companies</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f5ab1d945db8edf3d1450daed610c9ab\" tg-width=\"873\" tg-height=\"513\" referrerpolicy=\"no-referrer\"><span>Source: Organization for Economic Cooperation and Development Note: Data as of Feb. 2021; G-7 countries are also members of the G-20</span></p>\n<p>Now, a group powerful enough to challenge the supremacy of the tech titans is on the verge of taking action. The leaders of the Group of Seven, including U.S. President Joe Biden and U.K. Prime Minister Boris Johnson, meet in southwestern England this weekend, where they’re expected to endorse a plan to plug holes in the world’s leaky tax system.</p>\n<p>While the changes still need approval from a larger group of nations, including China, before becoming reality, the agreement by the G-7 marks a historic turning point after decades of falling levies on multinational corporations.</p>\n<p>“It is very easy for multinationals and the richest people to escape tax. What we are seeing with the G-7 is that the time has come for politicians to take back power,” said Philippe Martin, a former adviser to French President Emmanuel Macron who now heads the Conseil d’Analyse Economique. “There is a window of opportunity, a turning point at which they are realizing they need tax power and they need to spend more.”</p>\n<p>The deal would bolster Biden’s own plans to boost taxes on corporations and the wealthy by raising rates, making heirs pay more, and equalizing rates between investors and workers.</p>\n<p>The proposals are part of a global revival of initiatives to target the rich, from Buenos Aires to Stockholm to Washington, including new taxes on capital gains,inheritances, andwealththat have gained momentum since Covid-19 blew massive fiscal holes in government budgets around the world.</p>\n<p>U.S. Treasury Secretary Janet Yellen framed the G-7 deal as a way for governments to protect their national sovereignty to set tax policy.</p>\n<p>“For too long there has been a global race-to-the-bottom in corporate tax rates,” Yellen said following the G-7 finance ministers’ meeting in London last week, ahead of this weekend’s gathering.</p>\n<p>Amazon and some other tech companies, meanwhile, have endorsed the agreement, believing the global regime will be more manageable than costly alternatives being pursued by individual countries. Bezos has alsovoiced supportfor higher U.S. corporate taxes to pay for infrastructure.</p>\n<p>Advocates for higher taxes say the steps are necessary to stave off a rise in populism and even for the sustainability of capitalism.</p>\n<p>“The most visible and prominent winners of globalization are these big multinationals whose effective tax rates have collapsed,” said University of California at Berkeley economics professor Gabriel Zucman, who tracks wealth and inequality. “That can only lead to a growing rejection of that form of globalization by the people.”</p>\n<p>The World Economic Forum, the organizer of the annual conference for the rich and powerful in Davos, Switzerland, issued awhite paperthis month arguing “taxation systems must be redesigned efficiently to tax capital and multinationals.”</p>\n<p>Governments need the revenue and “progressive taxation will be an essential mechanism to compensate for the uneven recovery already under way,” according to the report.</p>\n<p>There remain plenty of defenders of low taxes.</p>\n<p>A Taxing Debate</p>\n<p>Corporate tax rates in OECD countries range from 9% to more than 30%</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4659f086b7a925fa517b8f9026c6359\" tg-width=\"938\" tg-height=\"397\"><span>Source: Organization for Economic Cooperation and Development Note: Rates listed are combined national and provincial levies</span></p>\n<p>Conservative economists such as Douglas Holtz-Eakin, president of the American Action Forum, argue taxing the wealthy and corporations more heavily will damage the economy.</p>\n<p>“Higher taxes on capital generally raises the possibility of a slowdown of productivity growth,” said Holtz-Eakin, who was an adviser to President George W. Bush.</p>\n<p>That view is losing ground though as resentment grows over the ways that highly profitable corporations reduce their taxes.</p>\n<p>Facebook, Apple, Amazon, Netflix, Google and Microsoft collectively skirted approximately $100 billion in U.S. taxes from 2010 to 2019, according to ananalysisof regulatory filings from Fair Tax Mark, a progressive think tank. Many of those untaxed profits were shifted into tax havens like Bermuda, Ireland, Luxembourg and the Netherlands.</p>\n<p>Amazon paid an effective corporate tax rate of 11.8% in 2020, according to a Bloomberg Economicsanalysis, and it’s hardly an outlier among highly successful tech companies. Facebook, founded by the world’s fifth-richest person, Mark Zuckerberg, paid 12.2% last year.</p>\n<p>Tech’s Tax Rate</p>\n<p>Digital giants paid relatively low levels of tax on profits from 2010-2019</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c228802d147f8d4f06faf2f76120f59\" tg-width=\"931\" tg-height=\"410\"><span>Source: Fair Tax Mark</span></p>\n<p>Asked to comment for this article, an Amazon spokesperson pointed to some of the company’s prior statements related to its tax bill, including, in part: “Amazon’s taxes, which are publicly reported, reflect our continued investments, employee compensation, and current U.S. tax laws.”</p>\n<p>As a mix between a technology company and a retailer with massive physical infrastructure, Amazon is able to use a slew of long-standing, low-profile tax preferences for stock compensation, buildings, research and development. Bezos has pushed to re-invest profits into the company, a strategy that keeps taxable income low and tax breaks high.</p>\n<p>Amazon completely avoided federal income taxes in 2017 and 2018 thanks to its savvy use of the tax code. Since then, the company has had to pay some income tax to the Internal Revenue Service, but it’s been far below the 21% headline rate installed under President Donald Trump.</p>\n<p>Billionaire tech founders often pay even less personally than their corporations do.</p>\n<p>Bezos, for example, got $77 billion richer in 2020, according to theBloomberg Billionaires Index. But in the U.S., gains on stock are only taxed when they’re sold, at a far lower rate than well-off workers pay, meaning that Bezos owed at most a few billion dollars in taxes to the U.S. Treasury last year.</p>\n<p>“This country’s wealthiest, who profited immensely during the pandemic, have not been paying their fair share,” Senate Finance Committee Chairman Ron Wyden said after ProPublicareportedon Tuesday that several of the world’s billionaires, including Bezos, didn’t pay any federal income taxes in some years.</p>\n<p>The media organization said it obtained confidential tax documents on thousands of the wealthiest Americans, including for Warren Buffett and Michael Bloomberg, owner of Bloomberg LP, the parent company of Bloomberg News. Bloomberg and others told ProPublica they had paid the taxes they owed.</p>\n<p>To remove advantages in the U.S. tax code that benefit the ultra-wealthy, Biden has proposed taxing inherited assets that currently escape levies, and boosting the top rate on investment income so that well-paid workers and investors pay the same.</p>\n<p>On an international scale, the administration is seeking a global minimum tax of at least 15% for the world’s most profitable companies -- the deal expected to be pushed forward at the G-7 meeting this weekend.</p>\n<p>Sponsored ContentThe New Auto RevolutionGAC Motor</p>\n<p>The G-7 deal would change other rules for taxing multinationals, in order to undercut efforts to shift profits to low-tax countries. Biden is also advocating to increase the U.S. corporate rate to 28%, partly reversing Trump’s tax overhaul.</p>\n<p>Race to the Bottom</p>\n<p>Worldwide average statutory corporate income tax rates have been declining for four decades</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d845bae07f165ac1814f9a4281fc2a87\" tg-width=\"936\" tg-height=\"398\"><span>Source: Tax Foundation via Atlantic Council</span></p>\n<p>Tech companies could see their effective tax rates jump if a global tax deal is reached, according to research from Morgan Stanley. Facebook and Alphabet’s Google could both pay 28% on their profits worldwide, up from 18% and 17% respectively under current rules, the report found.</p>\n<p>For all the talk of taxing the rich, Biden’s proposals, and the international tax deal, face serious hurdles before they’re adopted.</p>\n<p>While some of his fellow Democrats, who narrowly control Congress, are pushing for more radical changes to the taxes of estates and wealth, others are hesitant.</p>\n<p>The next step for the global tax negotiations, which were launched years ago by the Organization for Economic Cooperation and Development and have involved roughly 140 nations, is to win agreement among the Group of 20 countries. Finance ministers for the G-20, which collectively oversee about 90% of the world’s economy, will meet in July in Venice.</p>\n<p>Stumbling blocks to reaching a deal by year-end include China, which may seekexemptionsfrom the minimum tax.</p>\n<p>Still, there are hopes the global effort “puts an end to the craziness,” said Pascal Saint-Amans, director of the center for tax policy at the OECD. “You had loopholes everywhere and nobody was taking care of that. It’s undermining the very goal of capitalism and a free-market economy.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World’s Richest Face Tax Squeeze After 40% Run-Up in Fortunes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWorld’s Richest Face Tax Squeeze After 40% Run-Up in Fortunes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 14:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-10/world-s-richest-face-a-tax-squeeze-after-40-run-up-in-fortunes><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too.\nIn many ways, though, the world’s richest people left the rest of us behind long ago.\nThe world’...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-10/world-s-richest-face-a-tax-squeeze-after-40-run-up-in-fortunes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","AMZN":"亚马逊","GOOG":"谷歌"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-10/world-s-richest-face-a-tax-squeeze-after-40-run-up-in-fortunes","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100474066","content_text":"Amazon.com Inc. founderJeff Bezoshas the resources to launch himself into space. Elon Musk does, too.\nIn many ways, though, the world’s richest people left the rest of us behind long ago.\nThe world’swealthiest 500individuals are now worth $8.4 trillion, up more than 40% in the year and a half since the global pandemic began its devastation. Meanwhile, the economy’s biggest winners, the tech corporations that created many of these vast fortunes, pay lower tax rates than grocery clerks, and their mega-wealthy founders can exploit legal loopholes to pass huge windfalls onto heirs largely tax-free.\nTaxing Talks\nMore than 100 countries need to agree on a new framework for multinational companies\nSource: Organization for Economic Cooperation and Development Note: Data as of Feb. 2021; G-7 countries are also members of the G-20\nNow, a group powerful enough to challenge the supremacy of the tech titans is on the verge of taking action. The leaders of the Group of Seven, including U.S. President Joe Biden and U.K. Prime Minister Boris Johnson, meet in southwestern England this weekend, where they’re expected to endorse a plan to plug holes in the world’s leaky tax system.\nWhile the changes still need approval from a larger group of nations, including China, before becoming reality, the agreement by the G-7 marks a historic turning point after decades of falling levies on multinational corporations.\n“It is very easy for multinationals and the richest people to escape tax. What we are seeing with the G-7 is that the time has come for politicians to take back power,” said Philippe Martin, a former adviser to French President Emmanuel Macron who now heads the Conseil d’Analyse Economique. “There is a window of opportunity, a turning point at which they are realizing they need tax power and they need to spend more.”\nThe deal would bolster Biden’s own plans to boost taxes on corporations and the wealthy by raising rates, making heirs pay more, and equalizing rates between investors and workers.\nThe proposals are part of a global revival of initiatives to target the rich, from Buenos Aires to Stockholm to Washington, including new taxes on capital gains,inheritances, andwealththat have gained momentum since Covid-19 blew massive fiscal holes in government budgets around the world.\nU.S. Treasury Secretary Janet Yellen framed the G-7 deal as a way for governments to protect their national sovereignty to set tax policy.\n“For too long there has been a global race-to-the-bottom in corporate tax rates,” Yellen said following the G-7 finance ministers’ meeting in London last week, ahead of this weekend’s gathering.\nAmazon and some other tech companies, meanwhile, have endorsed the agreement, believing the global regime will be more manageable than costly alternatives being pursued by individual countries. Bezos has alsovoiced supportfor higher U.S. corporate taxes to pay for infrastructure.\nAdvocates for higher taxes say the steps are necessary to stave off a rise in populism and even for the sustainability of capitalism.\n“The most visible and prominent winners of globalization are these big multinationals whose effective tax rates have collapsed,” said University of California at Berkeley economics professor Gabriel Zucman, who tracks wealth and inequality. “That can only lead to a growing rejection of that form of globalization by the people.”\nThe World Economic Forum, the organizer of the annual conference for the rich and powerful in Davos, Switzerland, issued awhite paperthis month arguing “taxation systems must be redesigned efficiently to tax capital and multinationals.”\nGovernments need the revenue and “progressive taxation will be an essential mechanism to compensate for the uneven recovery already under way,” according to the report.\nThere remain plenty of defenders of low taxes.\nA Taxing Debate\nCorporate tax rates in OECD countries range from 9% to more than 30%\nSource: Organization for Economic Cooperation and Development Note: Rates listed are combined national and provincial levies\nConservative economists such as Douglas Holtz-Eakin, president of the American Action Forum, argue taxing the wealthy and corporations more heavily will damage the economy.\n“Higher taxes on capital generally raises the possibility of a slowdown of productivity growth,” said Holtz-Eakin, who was an adviser to President George W. Bush.\nThat view is losing ground though as resentment grows over the ways that highly profitable corporations reduce their taxes.\nFacebook, Apple, Amazon, Netflix, Google and Microsoft collectively skirted approximately $100 billion in U.S. taxes from 2010 to 2019, according to ananalysisof regulatory filings from Fair Tax Mark, a progressive think tank. Many of those untaxed profits were shifted into tax havens like Bermuda, Ireland, Luxembourg and the Netherlands.\nAmazon paid an effective corporate tax rate of 11.8% in 2020, according to a Bloomberg Economicsanalysis, and it’s hardly an outlier among highly successful tech companies. Facebook, founded by the world’s fifth-richest person, Mark Zuckerberg, paid 12.2% last year.\nTech’s Tax Rate\nDigital giants paid relatively low levels of tax on profits from 2010-2019\nSource: Fair Tax Mark\nAsked to comment for this article, an Amazon spokesperson pointed to some of the company’s prior statements related to its tax bill, including, in part: “Amazon’s taxes, which are publicly reported, reflect our continued investments, employee compensation, and current U.S. tax laws.”\nAs a mix between a technology company and a retailer with massive physical infrastructure, Amazon is able to use a slew of long-standing, low-profile tax preferences for stock compensation, buildings, research and development. Bezos has pushed to re-invest profits into the company, a strategy that keeps taxable income low and tax breaks high.\nAmazon completely avoided federal income taxes in 2017 and 2018 thanks to its savvy use of the tax code. Since then, the company has had to pay some income tax to the Internal Revenue Service, but it’s been far below the 21% headline rate installed under President Donald Trump.\nBillionaire tech founders often pay even less personally than their corporations do.\nBezos, for example, got $77 billion richer in 2020, according to theBloomberg Billionaires Index. But in the U.S., gains on stock are only taxed when they’re sold, at a far lower rate than well-off workers pay, meaning that Bezos owed at most a few billion dollars in taxes to the U.S. Treasury last year.\n“This country’s wealthiest, who profited immensely during the pandemic, have not been paying their fair share,” Senate Finance Committee Chairman Ron Wyden said after ProPublicareportedon Tuesday that several of the world’s billionaires, including Bezos, didn’t pay any federal income taxes in some years.\nThe media organization said it obtained confidential tax documents on thousands of the wealthiest Americans, including for Warren Buffett and Michael Bloomberg, owner of Bloomberg LP, the parent company of Bloomberg News. Bloomberg and others told ProPublica they had paid the taxes they owed.\nTo remove advantages in the U.S. tax code that benefit the ultra-wealthy, Biden has proposed taxing inherited assets that currently escape levies, and boosting the top rate on investment income so that well-paid workers and investors pay the same.\nOn an international scale, the administration is seeking a global minimum tax of at least 15% for the world’s most profitable companies -- the deal expected to be pushed forward at the G-7 meeting this weekend.\nSponsored ContentThe New Auto RevolutionGAC Motor\nThe G-7 deal would change other rules for taxing multinationals, in order to undercut efforts to shift profits to low-tax countries. Biden is also advocating to increase the U.S. corporate rate to 28%, partly reversing Trump’s tax overhaul.\nRace to the Bottom\nWorldwide average statutory corporate income tax rates have been declining for four decades\nSource: Tax Foundation via Atlantic Council\nTech companies could see their effective tax rates jump if a global tax deal is reached, according to research from Morgan Stanley. Facebook and Alphabet’s Google could both pay 28% on their profits worldwide, up from 18% and 17% respectively under current rules, the report found.\nFor all the talk of taxing the rich, Biden’s proposals, and the international tax deal, face serious hurdles before they’re adopted.\nWhile some of his fellow Democrats, who narrowly control Congress, are pushing for more radical changes to the taxes of estates and wealth, others are hesitant.\nThe next step for the global tax negotiations, which were launched years ago by the Organization for Economic Cooperation and Development and have involved roughly 140 nations, is to win agreement among the Group of 20 countries. Finance ministers for the G-20, which collectively oversee about 90% of the world’s economy, will meet in July in Venice.\nStumbling blocks to reaching a deal by year-end include China, which may seekexemptionsfrom the minimum tax.\nStill, there are hopes the global effort “puts an end to the craziness,” said Pascal Saint-Amans, director of the center for tax policy at the OECD. “You had loopholes everywhere and nobody was taking care of that. It’s undermining the very goal of capitalism and a free-market economy.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":272,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571731917050098","authorId":"3571731917050098","name":"killuz","avatar":"https://static.tigerbbs.com/f2f7506133b4298111ecff9ef46ff33c","crmLevel":4,"crmLevelSwitch":1},"content":"comment and like","text":"comment and like","html":"comment and like"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804765975,"gmtCreate":1627981322997,"gmtModify":1703499040518,"author":{"id":"3579795252410093","authorId":"3579795252410093","name":"gingar","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804765975","repostId":"2156149842","repostType":4,"repost":{"id":"2156149842","pubTimestamp":1627979022,"share":"https://www.laohu8.com/m/news/2156149842?lang=&edition=full","pubTime":"2021-08-03 16:23","market":"us","language":"en","title":"BP Follows Big Oil Peers by Increasing Buybacks and Dividend","url":"https://stock-news.laohu8.com/highlight/detail?id=2156149842","media":"Bloomberg","summary":"(Bloomberg) --BP Plc followed its Big Oil peers by increasing dividends and share buybacks as higher","content":"<p>(Bloomberg) --BP Plc followed its Big Oil peers by increasing dividends and share buybacks as higher crude prices boosted profit.</p>\n<p>The oil majors -- with the notable exception of Exxon Mobil Corp. -- are raising returns as they move past the worst of the slump caused by the coronavirus pandemic. Their goal is to woo investors who are becoming increasingly wary about the future of the fossil fuels in a changing climate.</p>\n<p>BP posted “another quarter of strong performance while investing for the future in a disciplined way,” Chief Executive Officer Bernard Looney said in a statement on Tuesday. “We are increasing our resilient dividend by 4% per ordinary share, and in addition we are commencing a buyback of $1.4 billion from first half surplus cash flow.”</p>\n<p>Both are significant pledges that go further than the distributions policy outlined earlier this year. The turnaround reflects the impact of higher energy prices, but also demands from shareholders, who weren’t happy in early 2021 with BP’s plans.</p>\n<p>The London-based company’s second-quarter adjusted net income was $2.8 billion, compared with a loss of $6.68 billion a year earlier, according to the statement. That was above the average estimate of $2.13 billion in a Bloomberg poll of 19 analysts.</p>\n<p>Having surpassed its net debt target of $35 billion in the first quarter, BP said it would return at least 60% of surplus cash flow to shareholders this year. If prices remain at current levels, buybacks could be “material” over the coming years, Looney said earlier this month.</p>\n<p>BP’s net liabilities dropped further in the period to $32.71 billion, thanks to the sale of assets. The firm has a goal of reaching $25 billion of divestments by 2025 to fund the expansion of its low-carbon business.</p>\n<p>BP&nbsp;rose&nbsp;over&nbsp;4%&nbsp;in&nbsp;premarket&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/19d35ac20144bbd604395646f00275c5\" tg-width=\"946\" tg-height=\"633\" referrerpolicy=\"no-referrer\"><i>(Update: August 3, 2021 at 04:36 a.m. ET)</i></p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BP Follows Big Oil Peers by Increasing Buybacks and Dividend</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBP Follows Big Oil Peers by Increasing Buybacks and Dividend\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 16:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bp-follows-big-oil-peers-061342766.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) --BP Plc followed its Big Oil peers by increasing dividends and share buybacks as higher crude prices boosted profit.\nThe oil majors -- with the notable exception of Exxon Mobil Corp. -- ...</p>\n\n<a href=\"https://finance.yahoo.com/news/bp-follows-big-oil-peers-061342766.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BP":"英国石油"},"source_url":"https://finance.yahoo.com/news/bp-follows-big-oil-peers-061342766.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2156149842","content_text":"(Bloomberg) --BP Plc followed its Big Oil peers by increasing dividends and share buybacks as higher crude prices boosted profit.\nThe oil majors -- with the notable exception of Exxon Mobil Corp. -- are raising returns as they move past the worst of the slump caused by the coronavirus pandemic. Their goal is to woo investors who are becoming increasingly wary about the future of the fossil fuels in a changing climate.\nBP posted “another quarter of strong performance while investing for the future in a disciplined way,” Chief Executive Officer Bernard Looney said in a statement on Tuesday. “We are increasing our resilient dividend by 4% per ordinary share, and in addition we are commencing a buyback of $1.4 billion from first half surplus cash flow.”\nBoth are significant pledges that go further than the distributions policy outlined earlier this year. The turnaround reflects the impact of higher energy prices, but also demands from shareholders, who weren’t happy in early 2021 with BP’s plans.\nThe London-based company’s second-quarter adjusted net income was $2.8 billion, compared with a loss of $6.68 billion a year earlier, according to the statement. That was above the average estimate of $2.13 billion in a Bloomberg poll of 19 analysts.\nHaving surpassed its net debt target of $35 billion in the first quarter, BP said it would return at least 60% of surplus cash flow to shareholders this year. If prices remain at current levels, buybacks could be “material” over the coming years, Looney said earlier this month.\nBP’s net liabilities dropped further in the period to $32.71 billion, thanks to the sale of assets. The firm has a goal of reaching $25 billion of divestments by 2025 to fund the expansion of its low-carbon business.\nBP rose over 4% in premarket trading.\n(Update: August 3, 2021 at 04:36 a.m. ET)","news_type":1},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168019018,"gmtCreate":1623943427634,"gmtModify":1703824267899,"author":{"id":"3579795252410093","authorId":"3579795252410093","name":"gingar","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Jajsns","listText":"Jajsns","text":"Jajsns","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168019018","repostId":"2144742524","repostType":4,"repost":{"id":"2144742524","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1623942517,"share":"https://www.laohu8.com/m/news/2144742524?lang=&edition=full","pubTime":"2021-06-17 23:08","market":"us","language":"en","title":"Ford Lifts Profit Guidance While F-150 Lightning, New Vehicles See Strong Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=2144742524","media":"Investors","summary":"Ford joined GM with upbeat earnings guidance and sees strong reservations for critical new vehicles including its first electric truck.","content":"<p><b>Ford</b> joined <b>General Motors</b> with upbeat earnings guidance and sees strong reservations for critical new vehicles including its first electric truck. Ford stock rose.</p>\n<p>The No. 2 U.S. auto giant said Thursday that it expects adjusted pretax earnings for the second quarter to surpass its own expectations and be \"significantly better\" than a year ago.</p>\n<p>That's despite the semiconductor shortage, which Ford said April 28 would halve its planned Q2 production and reduce full-year adjusted EBIT to $5.5 billion-$6.5 billion.</p>\n<p>Ford did not offer specific Q2 guidance on April 28 or Thursday. It will report for Q2 and offer outlook for the rest of the year July 28.</p>\n<p>On Wednesday, GM forecast adjusted earnings before taxes of $8.5 billion-$9.5 billion in the first half of 2021, up from an earlier view for $5.5 billion, due to strong demand for its SUVs and trucks. GM remains cautious for the full year.</p>\n<p>Also Thursday, Ford touted 100,000 reservations for the F-150 Lightning, its first all-electric pickup truck and <b>Tesla</b> Cybertruck rival. That's up from 20,000 reported May 20 after a launch event, and 70,000 on May 26.</p>\n<p>Meanwhile, its new compact Maverick truck has 36,000 reservations, just a week after unveiling. Ford also reported 20,000 reservations for the all-electric E-Transit commercial van and 190,000 for the new, full-size Bronco SUV.</p>\n<p>CEO Jim Farley will further address Q2 financial guidance at a Deutsche Bank auto industry conference Thursday afternoon.</p>\n<h2>Ford Stock</h2>\n<p>Shares rose 1.3% to 15.22 in Thursday's stock market. Ford stock, on the IBD Leaderboard, is extended from a cup-without-handle 13.72 buy point, cleared late May on its bold EV shift. GM stock eased 1% to 61.07 as it eyes a 63.54 cup-shaped buy point.</p>\n<p>On Wednesday, GM announced it will invest $35 billion to develop electric vehicles (EVs) and autonomous vehicles (AVs) through 2025. That's a 30% increase from its most recent forecast for $27 billion set last November, and a 75% increase from an initial forecast of $20 billion set in March 2020.</p>\n<p>By comparison, Ford in May announced $30 billion on EV- AV spending through 2025, up from a prior view for $22 billion.</p>\n<p>But Ford's investments include years prior to 2020, while GM's spending is for 2020 through 2025.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ford Lifts Profit Guidance While F-150 Lightning, New Vehicles See Strong Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFord Lifts Profit Guidance While F-150 Lightning, New Vehicles See Strong Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-06-17 23:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Ford</b> joined <b>General Motors</b> with upbeat earnings guidance and sees strong reservations for critical new vehicles including its first electric truck. Ford stock rose.</p>\n<p>The No. 2 U.S. auto giant said Thursday that it expects adjusted pretax earnings for the second quarter to surpass its own expectations and be \"significantly better\" than a year ago.</p>\n<p>That's despite the semiconductor shortage, which Ford said April 28 would halve its planned Q2 production and reduce full-year adjusted EBIT to $5.5 billion-$6.5 billion.</p>\n<p>Ford did not offer specific Q2 guidance on April 28 or Thursday. It will report for Q2 and offer outlook for the rest of the year July 28.</p>\n<p>On Wednesday, GM forecast adjusted earnings before taxes of $8.5 billion-$9.5 billion in the first half of 2021, up from an earlier view for $5.5 billion, due to strong demand for its SUVs and trucks. GM remains cautious for the full year.</p>\n<p>Also Thursday, Ford touted 100,000 reservations for the F-150 Lightning, its first all-electric pickup truck and <b>Tesla</b> Cybertruck rival. That's up from 20,000 reported May 20 after a launch event, and 70,000 on May 26.</p>\n<p>Meanwhile, its new compact Maverick truck has 36,000 reservations, just a week after unveiling. Ford also reported 20,000 reservations for the all-electric E-Transit commercial van and 190,000 for the new, full-size Bronco SUV.</p>\n<p>CEO Jim Farley will further address Q2 financial guidance at a Deutsche Bank auto industry conference Thursday afternoon.</p>\n<h2>Ford Stock</h2>\n<p>Shares rose 1.3% to 15.22 in Thursday's stock market. Ford stock, on the IBD Leaderboard, is extended from a cup-without-handle 13.72 buy point, cleared late May on its bold EV shift. GM stock eased 1% to 61.07 as it eyes a 63.54 cup-shaped buy point.</p>\n<p>On Wednesday, GM announced it will invest $35 billion to develop electric vehicles (EVs) and autonomous vehicles (AVs) through 2025. That's a 30% increase from its most recent forecast for $27 billion set last November, and a 75% increase from an initial forecast of $20 billion set in March 2020.</p>\n<p>By comparison, Ford in May announced $30 billion on EV- AV spending through 2025, up from a prior view for $22 billion.</p>\n<p>But Ford's investments include years prior to 2020, while GM's spending is for 2020 through 2025.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"F":"福特汽车","NGD":"New Gold"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144742524","content_text":"Ford joined General Motors with upbeat earnings guidance and sees strong reservations for critical new vehicles including its first electric truck. Ford stock rose.\nThe No. 2 U.S. auto giant said Thursday that it expects adjusted pretax earnings for the second quarter to surpass its own expectations and be \"significantly better\" than a year ago.\nThat's despite the semiconductor shortage, which Ford said April 28 would halve its planned Q2 production and reduce full-year adjusted EBIT to $5.5 billion-$6.5 billion.\nFord did not offer specific Q2 guidance on April 28 or Thursday. It will report for Q2 and offer outlook for the rest of the year July 28.\nOn Wednesday, GM forecast adjusted earnings before taxes of $8.5 billion-$9.5 billion in the first half of 2021, up from an earlier view for $5.5 billion, due to strong demand for its SUVs and trucks. GM remains cautious for the full year.\nAlso Thursday, Ford touted 100,000 reservations for the F-150 Lightning, its first all-electric pickup truck and Tesla Cybertruck rival. That's up from 20,000 reported May 20 after a launch event, and 70,000 on May 26.\nMeanwhile, its new compact Maverick truck has 36,000 reservations, just a week after unveiling. Ford also reported 20,000 reservations for the all-electric E-Transit commercial van and 190,000 for the new, full-size Bronco SUV.\nCEO Jim Farley will further address Q2 financial guidance at a Deutsche Bank auto industry conference Thursday afternoon.\nFord Stock\nShares rose 1.3% to 15.22 in Thursday's stock market. Ford stock, on the IBD Leaderboard, is extended from a cup-without-handle 13.72 buy point, cleared late May on its bold EV shift. GM stock eased 1% to 61.07 as it eyes a 63.54 cup-shaped buy point.\nOn Wednesday, GM announced it will invest $35 billion to develop electric vehicles (EVs) and autonomous vehicles (AVs) through 2025. That's a 30% increase from its most recent forecast for $27 billion set last November, and a 75% increase from an initial forecast of $20 billion set in March 2020.\nBy comparison, Ford in May announced $30 billion on EV- AV spending through 2025, up from a prior view for $22 billion.\nBut Ford's investments include years prior to 2020, while GM's spending is for 2020 through 2025.","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183316629,"gmtCreate":1623307054761,"gmtModify":1704200541340,"author":{"id":"3579795252410093","authorId":"3579795252410093","name":"gingar","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/183316629","repostId":"2142241696","repostType":4,"repost":{"id":"2142241696","pubTimestamp":1623303600,"share":"https://www.laohu8.com/m/news/2142241696?lang=&edition=full","pubTime":"2021-06-10 13:40","market":"us","language":"en","title":"Mattel Launches Barbie Loves the Ocean; Its First Fashion Doll Collection Made from Recycled Ocean-Bound* Plastic","url":"https://stock-news.laohu8.com/highlight/detail?id=2142241696","media":"Business Wire","summary":"Mattel, Inc. (NASDAQ: MAT) introduces Barbie Loves the Ocean, its first fashion doll line made from ","content":"<p>Mattel, Inc. (NASDAQ: MAT) introduces Barbie Loves the Ocean, its first fashion doll line made from recycled ocean-bound plastic*. The launch is in line with Mattel’s goal to achieve 100% recycled, recyclable or bio-based plastic materials across all its products and packaging by 2030.</p>\n<p>This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210609005964/en/</p>\n<p><img src=\"https://static.tigerbbs.com/58533a9f078eee562db87d565f3ea92f\" tg-width=\"480\" tg-height=\"270\" referrerpolicy=\"no-referrer\"></p>\n<p>Mattel Launches Barbie Loves the Ocean; Its First Fashion Doll Collection Made from Recycled Ocean-Bound* Plastic (Graphic: Business Wire)</p>\n<p>\"This Barbie launch is another addition to Mattel’s growing portfolio of purpose-driven brands that inspire environmental consciousness with our consumer as a key focus,\" said Richard Dickson, President and Chief Operating Officer, Mattel. \"At Mattel, we empower the next generation to explore the wonder of childhood and reach their full potential. We take this responsibility seriously and are continuing to do our part to ensure kids can inherit a world that’s full of potential, too.\"</p>\n<p>Mattel has always known that a small doll can make a big impact. Looking to the future, Barbie® remains dedicated to advancing its role and lending its global platform to create a better world for kids everywhere by focusing on diversity and inclusion, equal opportunity and now, sustainability in the following ways:</p>\n<p><b>Barbie Loves the Ocean Collection</b>: The collection includes three dolls whose bodies are made from 90% recycled ocean-bound plastic parts* and an accompanying Beach Shack playset and accessories, made from over 90% recycled plastic. Mattel’s high manufacturing standards ensure that this line delivers the same quality of play that parents have come to expect from Barbie.</p>\n<p><b>Forest Stewardship Council (FSC) Goal: </b>Barbie aims to achieve<b> </b>95% recycled or FSC-certified paper and wood fiber materials used in packaging by the end of 2021.</p>\n<p><b>New Barbie Vlogger Episode: </b>‘Barbie Shares How We Can All Protect the Planet,’ a new vlog on Barbie’s immensely popular YouTube vlogger series teaches young fans about the importance of taking care of our planet and everyday habit changes they can make to create an impact. Barbie Vlogger is an online series that provides a platform for Barbie to talk directly to her fans, while balancing \"teachable\" moments that highlight Barbie as a role model, along with fun YouTube trends, like DIY challenges.</p>\n<p>‘<b>The Future of Pink is Green’</b> <b>new brand campaign: </b>Launching in partnership with BBH LA, the new campaign will leverage the brand’s iconic association of pink—alongside the iconic association of green with protecting the planet—to communicate our next step toward a greener future, and to educate kids on the importance of sustainability in an easily digestible way for fans of all ages.</p>\n<p><b>Limited-edition 4ocean x Barbie bracelet</b>:<b> </b>Barbie is teaming up with 4ocean, a purpose-driven business on a mission to end the ocean plastic crisis, to launch a limited-edition 4ocean x Barbie bracelet in signature pink made with post-consumer recycled materials and hand-assembled by artisans in Bali. For every bracelet sold, 4ocean will pull <a href=\"https://laohu8.com/S/AONE\">one</a> pound of trash from oceans, rivers and coastlines and contribute educational materials to inspire and empower the next generation.</p>\n<p>\"Our 62-year legacy is steeped in evolution, as we consistently drive forward initiatives designed to better reflect the world kids see around them. Barbie Loves the Ocean is a prime example of sustainable innovations we’ll make as part of creating a future environment where kids can thrive,\" said Lisa McKnight, Senior Vice President and Global Head of Barbie &amp; Dolls, Mattel. \"We are passionate about leveraging the scope and reach of our global platform to inspire kids to be a part of the change they want to see in the world.\"</p>\n<p>The Barbie program is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of many launches supporting Mattel’s corporate goal to use 100% recycled, recyclable or bio-based plastic materials in all products and packaging by 2030. Other efforts include the recently launched Mattel PlayBack, a toy takeback program designed to recover and reuse materials from old Mattel toys for future Mattel products and Drive Toward a Better Future, Mattel’s product roadmap to make all Matchbox die-cast cars, playsets and packaging with 100% recycled, recyclable or bio-based plastic materials by 2030. Last year, Mattel also introduced several toys that ladder up to this commitment including the Fisher-Price® Rock-a-Stack® and Fisher-Price® Baby’s First Blocks, made from bio-based plastics, three MEGA Bloks® sets made from bio-based plastics, and UNO® Nothin’ But Paper, the first fully recyclable UNO® deck without cellophane packing materials.</p>\n<p>For more information on the Barbie brand’s efforts to protect the planet, visit: Barbie.com/EnvironmentalImpact. For more information on Mattel’s corporate sustainability efforts, visit https://corporate.mattel.com/en-us/citizenship/sustainability.</p>\n<p><b><i>*Plastic parts made from 90% plastic sourced within 50km of waterways in areas lacking formal waste collection systems. Doll head, shoes, tablet and beach lantern accessory excluded.</i></b></p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mattel Launches Barbie Loves the Ocean; Its First Fashion Doll Collection Made from Recycled Ocean-Bound* Plastic</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMattel Launches Barbie Loves the Ocean; Its First Fashion Doll Collection Made from Recycled Ocean-Bound* Plastic\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 13:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/mattel-launches-barbie-loves-ocean-050000495.html><strong>Business Wire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mattel, Inc. (NASDAQ: MAT) introduces Barbie Loves the Ocean, its first fashion doll line made from recycled ocean-bound plastic*. The launch is in line with Mattel’s goal to achieve 100% recycled, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/mattel-launches-barbie-loves-ocean-050000495.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FNLC":"第一万通金控","THFF":"First Financial Corporation Indi","FBNC":"第一万能金控","MAT":"美国美泰公司","FFBC":"第一金融银行股份"},"source_url":"https://finance.yahoo.com/news/mattel-launches-barbie-loves-ocean-050000495.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2142241696","content_text":"Mattel, Inc. (NASDAQ: MAT) introduces Barbie Loves the Ocean, its first fashion doll line made from recycled ocean-bound plastic*. The launch is in line with Mattel’s goal to achieve 100% recycled, recyclable or bio-based plastic materials across all its products and packaging by 2030.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210609005964/en/\n\nMattel Launches Barbie Loves the Ocean; Its First Fashion Doll Collection Made from Recycled Ocean-Bound* Plastic (Graphic: Business Wire)\n\"This Barbie launch is another addition to Mattel’s growing portfolio of purpose-driven brands that inspire environmental consciousness with our consumer as a key focus,\" said Richard Dickson, President and Chief Operating Officer, Mattel. \"At Mattel, we empower the next generation to explore the wonder of childhood and reach their full potential. We take this responsibility seriously and are continuing to do our part to ensure kids can inherit a world that’s full of potential, too.\"\nMattel has always known that a small doll can make a big impact. Looking to the future, Barbie® remains dedicated to advancing its role and lending its global platform to create a better world for kids everywhere by focusing on diversity and inclusion, equal opportunity and now, sustainability in the following ways:\nBarbie Loves the Ocean Collection: The collection includes three dolls whose bodies are made from 90% recycled ocean-bound plastic parts* and an accompanying Beach Shack playset and accessories, made from over 90% recycled plastic. Mattel’s high manufacturing standards ensure that this line delivers the same quality of play that parents have come to expect from Barbie.\nForest Stewardship Council (FSC) Goal: Barbie aims to achieve 95% recycled or FSC-certified paper and wood fiber materials used in packaging by the end of 2021.\nNew Barbie Vlogger Episode: ‘Barbie Shares How We Can All Protect the Planet,’ a new vlog on Barbie’s immensely popular YouTube vlogger series teaches young fans about the importance of taking care of our planet and everyday habit changes they can make to create an impact. Barbie Vlogger is an online series that provides a platform for Barbie to talk directly to her fans, while balancing \"teachable\" moments that highlight Barbie as a role model, along with fun YouTube trends, like DIY challenges.\n‘The Future of Pink is Green’ new brand campaign: Launching in partnership with BBH LA, the new campaign will leverage the brand’s iconic association of pink—alongside the iconic association of green with protecting the planet—to communicate our next step toward a greener future, and to educate kids on the importance of sustainability in an easily digestible way for fans of all ages.\nLimited-edition 4ocean x Barbie bracelet: Barbie is teaming up with 4ocean, a purpose-driven business on a mission to end the ocean plastic crisis, to launch a limited-edition 4ocean x Barbie bracelet in signature pink made with post-consumer recycled materials and hand-assembled by artisans in Bali. For every bracelet sold, 4ocean will pull one pound of trash from oceans, rivers and coastlines and contribute educational materials to inspire and empower the next generation.\n\"Our 62-year legacy is steeped in evolution, as we consistently drive forward initiatives designed to better reflect the world kids see around them. Barbie Loves the Ocean is a prime example of sustainable innovations we’ll make as part of creating a future environment where kids can thrive,\" said Lisa McKnight, Senior Vice President and Global Head of Barbie & Dolls, Mattel. \"We are passionate about leveraging the scope and reach of our global platform to inspire kids to be a part of the change they want to see in the world.\"\nThe Barbie program is one of many launches supporting Mattel’s corporate goal to use 100% recycled, recyclable or bio-based plastic materials in all products and packaging by 2030. Other efforts include the recently launched Mattel PlayBack, a toy takeback program designed to recover and reuse materials from old Mattel toys for future Mattel products and Drive Toward a Better Future, Mattel’s product roadmap to make all Matchbox die-cast cars, playsets and packaging with 100% recycled, recyclable or bio-based plastic materials by 2030. Last year, Mattel also introduced several toys that ladder up to this commitment including the Fisher-Price® Rock-a-Stack® and Fisher-Price® Baby’s First Blocks, made from bio-based plastics, three MEGA Bloks® sets made from bio-based plastics, and UNO® Nothin’ But Paper, the first fully recyclable UNO® deck without cellophane packing materials.\nFor more information on the Barbie brand’s efforts to protect the planet, visit: Barbie.com/EnvironmentalImpact. For more information on Mattel’s corporate sustainability efforts, visit https://corporate.mattel.com/en-us/citizenship/sustainability.\n*Plastic parts made from 90% plastic sourced within 50km of waterways in areas lacking formal waste collection systems. 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