About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “Where Can You Keep the Most Salary After Paying Taxes?” – below is their description.
For the traders and bankers who had a hyper-lucrative pandemic, the other shoe could be dropping soon.
Their pay packets represent an inviting target for government officials around the world conjuring a solution to the trillions of debt they added in the past year.
For instance: Now that President Joe Biden has passed his $1.9 trillion Covid-19 stimulus act, he is said to be planning to pay for his long-term economic program with the first major U.S. federal tax hike since 1993. Earlier this month, British Chancellor of the Exchequer Rishi Sunak rolled out a budget that will take taxes to their highest level since the 1960s (even though income taxes won’t go up).
“Are people concerned? Of course,” says Benedikte Malling Bech, director of North Star Law, a London-based boutique law firm that advises international and ultra-high-net-worth individuals. “Every government is going to have a financial struggle. What people are watching with great interest is how are different countries going to be able to cope with it.”
If keeping and attracting skilled workers and their employers are vital to a nation’s economic recovery, deciding how the bill is paid — and by whom — will be a delicate task for policy makers. As data calculated by PwC U.K., the U.K. arm of PricewaterhouseCoopers LLP, for Bloomberg News shows, some will have more room to maneuver than others.Bloomberg Quicktake: Now YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
In This Story: COVID-19
Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
Symptoms of coronavirus
The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
Latest News about Covid-19
Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.
5 Recent Items: COVID-19
In This Story: Joe Biden
Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.
He is married to Dr Jill Biden.
Books by Joe Biden #Ad
6 Recent Items: Joe Biden
In This Story: London
4 Recent Items: London
In This Story: Rishi Sunak
Rish Sunak is a British Conservative Party MP, who was originally elected as a Member of Parliament in the Richmond (Yorks) constituency in 2015.
His father-in-law is billionaire founder of Indian IT giant, Infosys, NR Narayana Murthy.
Sunak experienced a meteoric rise, first to be selected for the “safest” Conservative seat in the UK, he would later become the UK Chancellor of the Exchequer in under five years.