|
|
|
23.08.26 - 01:51
|
IRS Announces 7 Percent Interest Rate For Overpayments And Underpayments (ZeroHedge)
|
|
|
IRS Announces 7 Percent Interest Rate For Overpayments And Underpayments
Authored by Naveen Athrappully via The Epoch Times,
The Internal Revenue Service has announced interest rates for tax underpayments and overpayments for the fourth quarter of 2026, keeping them at 7 percent for individual taxpayers.
The Internal Revenue Service in Washington on Jan. 6, 2026. Madalina Kilroy/The Epoch Times
When taxpayers do not pay taxes, penalties, and other charges on time, the IRS charges interest on the underpayment. Conversely, when taxpayers pay more tax than they actually owe, the agency pays interest on the overpayment. Those rates are determined quarterly. The 7 percent rate for overpayments and underpayments takes effect Oct. 1, according to the IRS.
For corporations, the overpayment rate is 6 percent, while the rate on the portion of a corporate overpayment exceeding $10,000 is 4.5 percent. The underpayment rate is 7 percent, the same as for individual taxpayers, while large corporate underpaym...
|
|
|
22.08.26 - 23:06
|
Treasury Bars Scammy ESG Funds From Trump Accounts, Citing Left-Wing ′Political Activism′ Concerns (ZeroHedge)
|
|
|
Treasury Bars Scammy ESG Funds From Trump Accounts, Citing Left-Wing 'Political Activism' Concerns
The Treasury Department is moving forward with rules that would exclude investment funds built around scammy, globalist environmental, social, and governance (ESG) criteria from Trump Accounts.
Fox Business reports that under the newly proposed framework, qualifying indexes would need to track broad segments of US or global equity markets using objective financial criteria, rather than criteria crafted by social justice warriors who seek to make the West energy-poor.
"Corporate America has rejected ESG ideology, and we will not allow it to be a part of Trump Accounts," Treasury Secretary Scott Bessent told the outlet in a statement.
Treasury Department bars ESG funds from Trump Accounts, citing 'political activism' concerns: https://t.co/pRvofRHZB3
( TS: Aug 21 2026, 1:21 PM ET )...
|
|
|
|
|
22.08.26 - 19:21
|
Normal Interest Rates: What The Debt Panic Gets Wrong (ZeroHedge)
|
|
|
Normal Interest Rates: What The Debt Panic Gets Wrong
Authored by Lance Roberts via RealInvestmentAdvice.com,
A 5% long bond isn't the crisis, it's the receipt, and the fifteen years when money was free did far more damage to growth than normal interest rates ever will.
This past week, two charts crossed my desk, arguing the same thing from opposite ends. The Kobeissi Letter flagged that U.S. borrowing rates just hit their highest level since 2007. Then, my friend and colleague, Adam Taggart, framed the economy as a submarine, with bond yields as the surrounding water pressure, asking how close we are to the hull giving way. Both are hunting for the same “implosion point.” Both are anchored to an assumption I think is wrong, namely that a 5% long bond is a “crisis” rather than a price. Normal interest rates are not a crisis, and the level of the long bond is the least useful number in this entire debate.
The Submarine Metaphor Has A Flaw
Let's start with Adam's analogy, which is v...
|
|
|
|
|
|
|
22.08.26 - 15:18
|
Bond Market Tests Limits of Treasury Intervention (Bloomberg)
|
|
|
Joining Bloomberg This Weekend is Bloomberg Radio host of "Masters in Business" Barry Ritholtz and he tells hosts David Gura and Christina Ruffini that Treasury Secretary Scott Bessent's bond-market moves may provide short-term relief but cannot override persistent inflation, rising debt and the forces setting long-term yields. (Source: Bloomberg)...
|
|
|
|
|
|
|
22.08.26 - 09:42
|
Premium bonds: more chance of win as NS&I ups prize fund rate again (The Guardian)
|
|
|
Savings bank estimates there will be 308,000 more prizes available in September draw than the month beforePremium bond holders will have more chances of winning prizes after changes announced this week.From September there will be more prizes up for grabs for the 22 million people who hold the government-backed savings bonds. Continue reading......
|
|
|
|
|
|
|
22.08.26 - 02:42
|
US Treasury Classifies Hezbollah As Arm Of The IRGC, Not A ′Stand-Alone′ Group (ZeroHedge)
|
|
|
US Treasury Classifies Hezbollah As Arm Of The IRGC, Not A 'Stand-Alone' Group
The new US Treasury sanctions on Hezbollah unveiled Thursday do more than ever before in 'legally' classifying the Lebanese militant group as essentially an arm of Iran's Islamic Revolutionary Guard Corps (IRGC).
The Treasury action - which is certainly not the first designation against the group - underscored that it operated in "service to the Iranian regime under the command of Iran's Islamic Revolutionary Guard Corps."
A State Department official characterized the re-designation as specifying that Hezbollah is an "Iranian proxy, not a stand-alone operation as implied by the previous designation."
"This action builds on years of US designations that have repeatedly documented the operational, financial, and logistical integration between Hizballah and the IRGC-QF," the official also stated, calling Hezbollah "an extension" of the IRGC's Quds Force.
"This und...
|
|
|
|
|
|
|
|
|
|
|
|
|
21.08.26 - 22:31
|
Bond Market Swings Affect Your Savings, Investments (Bloomberg)
|
|
|
Bloomberg's Nikki Waller and David Gura join Scarlet Fu and Tom Keene on "Bloomberg Money." The Treasury surprised traders this week with its plan to buy back more debt. Long-dated yields plunged on Wednesday in response to the news, only to rebound the next day. (Source: Bloomberg)...
|
|
|
21.08.26 - 22:24
|
Bessent′s Bond Maneuvers Giving Global Debasement Trade New Life (Bloomberg)
|
|
|
Scott Bessent's bid to tame US borrowing costs knocked down long-term yields for barely a day. The more lasting market signal: the dollar weakened while gold and Bitcoin rallied, reinforcing a debasement trade fueled by swelling US deficits and concerns over the direction of US economic policy....
|
|