Author: Arabian Media staff
It’s a widely held assumption that US President Donald Trump has put globalisation into reverse. But Neil Shearing, group chief economist at Capital Economics and author of The Fractured Age: How the Return of Geopolitics Will Splinter the Global Economy, tells the FT’s world trade editor Peter Foster that Trump’s policies are a symptom and not the cause of the global trading system unravelling. They discuss how economic rivalry between the US and China is reshaping world trade – and where it might lead.Peter Foster is the FT’s world trade editor. You can read his articles hereBook your FT Weekend…
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The world’s biggest companies by market capitalization are mainly tech companies, although other sectors, such as energy, financial services, and pharmaceutical, also make an appearance in the top 10. Most of these companies generate hundreds of billions of dollars in annual revenue and are highly profitable. However, there are a few exceptions, with the focus of investors being future growth potential. Companies are ranked according to TradingView’s list of largest companies by market capitalization. All figures, which are also taken from TradingView, are current as of Sep. 1, 2025. Key Takeaways Company size is often measured by market capitalization, the…
If you are a U.S. citizen or a resident alien, your income is subject to U.S. income tax, including any foreign income or income earned outside of the U.S. It doesn’t matter if you reside inside or outside of the U.S. when you earn this income. Even if you don’t receive common forms like W-2s or 1099s from foreign payers, you are still required to report the income you earn abroad. Key Takeaways U.S. citizens and resident aliens must report all income, including foreign income, to the IRS. If certain criteria are met, you may qualify to exclude some foreign-earned…
Income can be earned through investments with capital in the form of capital gains, dividends, and interest. Each year, investors pay taxes on interest income from bonds, mutual funds, certificates of deposits (CDs), and demand deposit accounts. Some types of interest are fully taxable, while others are partially taxable. Key Takeaways Interest on bonds, mutual funds, CDs, and demand deposits of $10 or more is taxable.Taxable interest is taxed just like ordinary income.Payors must file Form 1099-INT and send a copy to the recipient by January 31 each year.Interest income must be documented on Schedule B of IRS Form 1040.…
Most employees in the U.S. use the pay-as-you-earn (PAYE) approach, where estimated income tax is withheld directly from each paycheck. This withholding is calculated based on information you provide to your employer on Form W-4. Your withholding determines how much income tax is deducted from your salary throughout the year. However, as life circumstances change, you may need to update your W-4 to ensure that the right amount of tax is being withheld. Key Takeaways W-4 withholding affects the amount of federal income tax deducted from your paycheck.Life changes, such as marriage, having children, or a second job, may require…
What Is a Solo 401(k)? You might assume that you don’t have access to a 401(k) plan if you’re a freelancer or an independent contractor but that isn’t the case. You don’t have to go without a tax-advantaged retirement savings plan. You can sign up for what’s called a solo 401(k) or a self-employed 401(k). Key Takeaways You’re eligible to open a solo 401(k) if you’re self-employed and don’t employ others.A couple running a business together also qualifies.You can contribute to your solo 401(k) as both employer and employee.You can choose between a traditional plan or a Roth plan. Each…
The Internal Revenue Service (IRS) knows it has a big problem. Called the tax gap, it is the spread between what the government thinks it should be collecting and what it collects. Some cheats fail to report income, while others knowingly take write-offs they’re not entitled to. For example, the government pays out billions of dollars annually in refundable earned income tax credits due to fraudulent claims. Threats of civil and criminal penalties are not enough to deter some people from cheating, so the IRS employs several ways to find these individuals. Key Takeaways Threats of civil and criminal penalties…
A non-qualified deferred compensation (NQDC) plan allows a service provider to earn wages, bonuses, or other compensation in one year but receive the earnings—and defer the income tax on them—in a later year. Doing this provides income in the future (often after they’ve left the workforce), and may reduce the tax payable on the income if the person is in a lower tax bracket when the deferred compensation is received. Key Takeaways Non-qualified deferred compensation is compensation that has been earned by an employee, but not yet received from their employer.Non-qualified means they aren’t regulated by the Employee Retirement Income…