CHINA TOPIX

11/02/2024 05:35:54 pm

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Treasury

U.S. Congress

New Vigorous Tax Rules on Offshore Corporate Inversions

The United States' administration have set up a much vigorous rule for alterations in the overseas-corporate field on September 22, Monday. This has given an enormous effect in the stock market as it rates go down south. Controversial deals have been spreading around which is why there is a possibility that there would be enormous changes to the country's tax codes.

Combination photo shows the front and back of the newly designed $100 bill. REUTERS/U.S.

Should the U.S. Abolish $100 Bills?

Many people including Harvard economist Ken Rogoff, feel the U.S. $100 bill benefits criminals tremendously. Some people feel U.S. $100 bills should just be abolished completely considering most Americans don’t use them.

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