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Reporting by Kate Abnett, Conor Humphries; Editing by Jan Harvey and Tomasz Janowski
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Kate Abnett covers EU climate and energy policy in Brussels, reporting on Europe’s green transition and how climate change is affecting people and ecosystems across the EU. Other areas of coverage include international climate diplomacy. Before joining Reuters, Kate covered emissions and energy markets for Argus Media in London. She is part of the teams whose reporting on Europe’s energy crisis won two Reuters journalist of the year awards in 2022.
Global stocks hit record highs on Wednesday, driven by a rally in tech shares that has made AI chipmaker Nvidia the world's most valuable company, while the dollar stalled as soft U.S. retail sales data suggested rates could fall this year.
The IRS estimates it will raise more than $50 billion over the next decade by closing a loophole often exploited by wealthy filers seeking to avoid paying taxes.
The loophole allows such taxpayers, as well as businesses, to move assets between entities in a way that authorities say has no economic purpose. Deputy Treasury Secretary Wally Adeyemo called the practice “really just a shell game" in a statement.
The use of such pass-through businesses has increased 70% from 2010 to 2019 and helped allow the top 1% avoid paying $160 billion in taxes, Treasury said.
“Treasury and the IRS are focused on addressing high-end tax abuse from all angles, and the proposed rules released today will increase tax fairness and reduce the deficit,” Treasury Secretary Janet Yellen said in a statement.
The plan builds on ongoing IRS efforts to increase audits of the wealthiest taxpayers, large corporations and complex partnerships.
“These tax shelters allow wealthy taxpayers to avoid paying what they owe,” IRS Commissioner Danny Werfel told reporters on a media call Friday.
President Joe Biden ’s top economic adviser last week unveiled the administration's “key principles” for tax policy , including sustained IRS funding.
“We should ensure ultra-wealthy taxpayers pay what they owe and play by the same rules by maintaining the President’s investment in the IRS,” White House national economic adviser Lael Brainard told reporters Wednesday.
IRS funding has been a target for Republicans and conservatives since Congress approved nearly $80 billion in funding through the Inflation Reduction Act.
The GOP has promised to reduce that funding, having already succeeded in clawing back $20 billion. House Speaker Mike Johnson, R-La., has promised to strike at least $10 billion more from the 2025 budget.
Rob Wile is a breaking business news reporter for NBC News Digital.
Kate Dore is a Certified Financial Planner professional and a reporter on the Personal Finance team, covering tax planning.
Related terms for business planning - synonyms, antonyms and sentences with business planning, similar meaning.
Common usage.
Proper usage in context.
Australia’s main opposition party says it plans to build Australia’s first nuclear power plants as early as 2035, arguing the government’s policies for decarbonizing the economy with renewable energy will not work
MELBOURNE, Australia — Australia’s main opposition party on Wednesday announced plans to build Australia’s first nuclear power plants as early as 2035, arguing the government’s policies for decarbonizing the economy with renewable energy sources including solar, wind turbines and green hydrogen would not work.
The policy announcement ensures the major parties will be divided on how Australia curbs its greenhouse gas emissions at elections due within a year. The parties haven’t gone to an election with the same carbon reduction policies since 2007.
“I’m very happy for the election to be a referendum on energy, on nuclear, on power prices, on lights going out, on who has a sustainable pathway for our country going forward,” opposition leader Peter Dutton told reporters.
Seven government-owned reactors would be built on the sites of aging coal-fired electricity plants in five of Australia’s six states, Dutton said. The first two would be built from 2035-to-2037 and the last in the 2040s. The estimated costs would be announced at a later date, he said.
The current center-left government has rejected nuclear power generation in Australia as too expensive. Too many coal-fired generators would have been decommissioned before nuclear power could fill the gap.
Climate Change and Energy Minister Chris Bowen accused the conservative opposition Liberal Party of serving Australia’s influential coal and gas industry lobbies.
“It’s not really an announcement. We know that Mr. Dutton wants to slow down the rollout of renewables and he wants to introduce the most expensive form of energy that’s slow to build,” Bowen told reporters.
“But today, we’ve seen no costs, we’ve seen no gigawatts, we’ve seen no detail. This is a joke. It’s a serious joke because it threatens our transition” from fossil fuels, Bowen added.
Bowen’s Labor Party came to power in the 2022 elections promising deeper cuts to Australia’s greenhouse gas emissions by 2030 than the previous coalition government had committed to.
The previous Liberal Party-led government promised to reduce emissions by between 26% and 28% below 2005 levels by the end of the decade.
Labor promised a 43% reduction and the Parliament enshrined that target in law , creating difficulties for any future government that wanted to reduce it and offering certainty for investors.
Dutton has ruled out announcing a new 2030 target before the next election. But the major parties have agreed on a net-zero emissions target by 2050.
Dutton said Labor could not reach its 2030 target with a policy toward relying solely on renewable energy.
A Liberal Party-led government would use nuclear power, renewable energy sources and “significant amounts of gas,” Dutton said.
“I want to make sure that the Australian public understands today that we have a vision for our country to deliver cleaner electricity, cheaper electricity and consistent electricity,” Dutton said.
Australia has historically been one of the world’s worst greenhouse gas emitters on a per capita basis because of its heavy reliance on abundant reserves of cheap coal and gas.
Constant conflict between the major parties over the past 17 years on how to reduce emissions led to a carbon tax introduced by a Labor Party government in 2012 being repealed by a Liberal Party-led government in 2014.
Australia’s only reactor has produced nuclear isotopes for medical use in the Sydney suburb of Lucas Heights since 1958.
Dutton said the country could only now consider introducing atomic power generation because the major parties had agreed in 2019 to the AUKUS partnership with the United States and Britain which will deliver Australia a fleet of submarines powered by U.S. nuclear technology.
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Another way to say Business Plan? Synonyms for Business Plan (other words and phrases for Business Plan). Synonyms for Business plan. 115 other terms for business plan- words and phrases with similar meaning. Lists. synonyms. antonyms. definitions. sentences. thesaurus. words. phrases. Parts of speech. nouns. suggest new.
Need synonyms for business plan? Here's a list of similar words from our thesaurus that you can use instead. Noun. A set of intended actions, through which one intends to achieve a goal. course of action. plan. option. method. strategy.
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Business Plans synonyms - 125 Words and Phrases for Business Plans. work plans. n. business goals. n. courses of action. options. action plan. action plans.
1. Business Plan Subtitle. Every great business plan starts with a captivating title and subtitle. You'll want to make it clear that the document is, in fact, a business plan, but the subtitle can help tell the story of your business in just a short sentence.
1. Executive Summary. While your executive summary is the first page of your business plan, it's the section you'll write last. That's because it summarizes your entire business plan into a succinct one-pager. Begin with an executive summary that introduces the reader to your business and gives them an overview of what's inside the ...
8. Panda Doc's Free Business Plan Template. PandaDoc's free business plan template is one of the more detailed and fleshed-out sample business plans on this list. It describes what you should include in each section, so you don't have to come up with everything from scratch.
7 Different Types of Business Plans Explained. Business plans go by many names: Strategic plans, traditional plans, operational plans, feasibility plans, internal plans, growth plans, and more. Different situations call for different types of plans. But what makes each type of plan unique?
Determine how you can best reach potential customers. Evaluate your competition. Your marketing plan must set you apart from your competition, and you can't stand out unless you know your ...
2. Business planning: Steering a company using a cyclical process. Plan, review and revise as necessary to optimize. Business planning is management. 3. Business strategy: A combination of ...
In other words, your business plan includes the steps that you will take to get there. It is essentially a decision-making tool. In fact, a business plan can reduce the risk of failure. Nobody should set up a business without a business plan. Business plans can help measure your progress. They may also identify potential future problems.
Synonyms for PLAN: strategy, blueprint, program, scheme, project, design, system, arrangement; Antonyms of PLAN: method, means, way
APA: Classic Thesaurus. (2015). Synonyms for Business plan.Retrieved April 15, 2024, from https://www.classicthesaurus.com/business_plan/synonyms
Find 135 different ways to say PLAN, along with antonyms, related words, and example sentences at Thesaurus.com.
Business Planning synonyms - 101 Words and Phrases for Business Planning. organizational planning. activity plans. business modeling. company strategy. departmental planning. enterprise modeling. enterprise planning. industrial planning.
Provide a breakdown of costs per unit made/sold, life cycle, and expected profit margins. Explain your supply chain, order fulfillment, and sales strategy. Include your plans for intellectual property, like trademarks and patents. Your product and service description brings you to those who matter most.
BUSINESS PLAN meaning: 1. a detailed plan describing the future plans of a business 2. a detailed plan describing the…. Learn more.
Synonyms for BUSINESS: patronage, custom, traffic, merchandising, marketplace, affairs, dealings, trade; Antonyms of BUSINESS: loyalty, allegiance, devotion, fidelity ...
business plan - WordReference thesaurus: synonyms, discussion and more. All Free.
BUSINESS PLAN definition: 1. a detailed plan describing the future plans of a business 2. a detailed plan describing the…. Learn more.
To prepare something in advance. To have an intention to do something. To design, create, or build. To obtain, arrange, or achieve by indirect, complicated or intensive efforts. To conceive of or envisage in the mind. To act in preparation for something. To depend on with full trust or confidence.
The European Commission has drafted plans to exempt long-haul flights from rules on monitoring their non-CO2 emissions, after international carriers lobbied for an opt-out, documents seen by ...
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The IRS estimates it will raise more than $50 billion over the next decade by closing a loophole often exploited by wealthy filers seeking to avoid paying taxes. The loophole allows such taxpayers ...
Tesla shareholders on Thursday confirmed they want Elon Musk to get a massive record pay package for running Tesla for the last six years. The question now is, how much will he get going forward?
The Treasury Department plans to enact rules that would prevent certain large businesses from depreciating the same asset repeatedly.
The plan also seeks to mimic a portion of the original materials of the north- and west-facing walls and to mimic the rest of the building's silhouette with new materials, the owners say.
What's the definition of Business planning in thesaurus? Most related words/phrases with sentence examples define Business planning meaning and usage. ... activity plans. business modeling. company strategy. departmental planning. enterprise modeling. enterprise planning. industrial planning. operational planning.
Supporters of the plan also modified it so that it only applies to professional football and Major League Baseball stadiums, instead of any professional sports stadium for at least 30,000 ...
Australia's main opposition party says it plans to build Australia's first nuclear power plants as early as 2035, arguing the government's policies for decarbonizing the economy with ...