Sentences with phrase «firm in a given tax year»
Inaccurately tracking direct costs can increase or reduce the net income of a firm in a given tax year.
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New NYC Comptroller Scott Stringer is calling for an end to what he describes as a tax loophole that allows New York City private equity firms, hedge funds and venture capital firms to keep several hundred million dollars a year in their coffers instead of giving it to the tax man.
According to research firm Morningstar, investors in actively managed stock funds give up approximately 0.75 percentage point of their return each year to taxes.