WASHINGTON: The top Republican on tax policy in the U.S. Senate said on Wednesday (Mar 6) that he will seek President Donald Trump's tax returns if Democrats in the House of Representatives obtain them.Senator Chuck Grassley, chairman of the Senate Finance Committee, told reporters that he has no particular interest in requesting the documents from the Treasury Department and does not want to see the Internal Revenue Service used for political purposes."If the House of Representatives are going to get them, then I want the Senate Finance Committee to have them," said Grassley, who as the Finance chairman is the only lawmaker in the Senate authorized to request confidential tax records from U.S. Secretary Steven Mnuchin."I don't want what ... the House Democrats are using the IRS for - for political purposes," he added. "If they get them, we'll just ask for them."A Grassley spokesman said the Iowa Republican believes that both chambers should have access to Trump's returns as a way … [Read more...] about Republican senator to seek Trump’s tax returns if House Democrats do
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By Paula Sambo Bloomberg Thu., Feb. 21, 2019 Manulife Financial Corp. plans to more than double assets in its wealth unit and hire five new portfolio managers as it targets the growing business of Canada’s rich. Canada is about ten years behind the U.S. in offering financial services to the wealthy under one umbrella — from investment management to tax planning — and the industry is ripe for growth and consolidation, said Glen Brown, head of Manulife Private Wealth. “Five years ago, you would see the average person dealing with 4.7 different advisers. It’s now under three,” Brown, 49, said in an interview at Bloomberg’s office in Toronto. “So we’re bringing in money from other firms from clients that had maybe three or four managers and have consolidated things with us.” Manulife Asset Management has about $364 billion (U.S.) under management. It doesn’t break down assets in its wealth unit but Brown … [Read more...] about Manulife targets Canada’s rich in industry a decade behind U.S.
By Emily Mathieu Affordable Housing Reporter Tues., Oct. 2, 2018 Homes are the key to health and Toronto’s ultra tight vacancy rate means the city should focus on building new units in the fight to end chronic homelessness, according to a leading U.S. public health expert. “Toronto has to figure out, under the circumstances of Toronto, what works,” said Dr. Mitchell Katz, head of New York City’s Health and Hospitals corporation and the former head of the Los Angeles County Department of Health Services. “But what is needed and was needed in LA and needed in San Francisco is the commitment that we do not find it acceptable to house people in shelters and on the street.” Katz met up with the Star on Tuesday morning, in the midst of a minor media blitz that concluded with a late afternoon speaking engagement on the subject of city-specific solutions to combat homelessness, as part of the annual Louis L. Odette lecture, hosted … [Read more...] about Toronto should build housing to fight homelessness, says U.S health expert
By Tonda MacCharles Ottawa Bureau Bruce Campion-Smith Ottawa Bureau Wed., June 20, 2018 OTTAWA—As a Canada-U.S. trade dispute threatens to grow nastier, Prime Minister Justin Trudeau is encouraging Canadians to travel and spend at home though he stopped just shy of urging a boycott of American goods and destinations. Asked by reporters how Canadians should respond to the ongoing trade actions of the U.S. administration of President Donald Trump, and whether they should boycott U.S. products and travel spots this summer, Trudeau said it’s up to individuals. When the Liberal government announced its $16-billion list last month of dollar-for-dollar retaliatory tariffs to push back at Trump’s 25 per cent tariff on Canadian steel and 10 per cent tariff on aluminum, it ensured there would be “readily available” Canadian substitutes, or products from countries that do not face tariffs, for consumers to choose from, he … [Read more...] about Trudeau urges Canadians to travel and buy Canadian in the face of U.S. trade dispute
By Thomas Heath The Washington Post Mon., April 16, 2018 America’s 500 biggest public companies in 2018 are expected to distribute up to $600 billion or more through stock buybacks. Even Warren Buffett, who for more than 50 years has avoided such a move, is considering offering a buyback to his 1 million shareholders in Berkshire Hathaway. “As the subject of repurchases has come to a boil, some people have come close to calling them un-American — characterizing them as corporate misdeeds that divert funds needed for productive endeavors,” Buffett wrote in his annual letter to shareholders. “That simply isn’t the case.” Read more: Opinion | David Olive: Warren Buffett’s business sense is just plain common sense Article Continued Below How stock-market trading is becoming a lot like bitcoin trading U.S. stocks edge higher after giving back an early rally as global markets appear calmer Some of America’s … [Read more...] about Why some of the biggest companies in the U.S. are announcing buybacks