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Live: Australian shares headed for more losses, as Wall Street closes down again
By Emilia Terzon

Wall Street is set to close lower, after concerns about tariffs were aired by the US central bank's chair and by chip maker Nvidia. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.

abc.net.au/news/2025-04-17/asx

#StockMarket #Banking #Currency #FinancialMarkets #MonetaryPolicy #RetailIndustry #Tax #BusinessEconomicsandFinance #EconomicTrendsandIndicators #CompanyNews #Cryptocurrency #EmiliaTerzon

Live updates: Wall Street closes down again, with Nvidia leading sell-off and Jerome Powell spooking investors

Wall Street is set to close lower, after concerns about…

ABC News
Daniel AJ Sokolov

@knittingknots2 A key element of #Reagan 's political success was that he let everyone know that taxes have a sweet spot. When you increase the tax rate higher, #tax #revenue declines.

Of course Reagan did not use that knowledge to optimise for tax revenue, but that is a different story.

Today, we see someone avers to knowledge inflicting randomly extreme taxes on his own people. Fodder for so many PHDs, reason for so many bankruptcies. #tariffs

Emeritus Prof Christopher May

Starbuck;s shows how intellectual property is used to transfer profits to low/no tax jurisdictions.

Starbucks in the UK made a £35m loss in 2024, but paid £40m in royalties to its parent company. You don't have to be an economist to see what is going on here.... royalties within a corporate group are not about 'ownership' of the brand, they are about where the profit is going to be taken.

The division that holds the Starbuck's IP will be in a low tax country!

#tax
theguardian.com/business/2025/

Adam Moe

Are y’all REALLY paying taxes today? I am putting it off as long as I can. Just filing one extension after another until the end of time if necessary. #tax #taxday #taxtherich

UK

europesays.com/uk/23156/ Why Rory McIlroy won’t pay a penny of UK tax on mega £3.2million Masters payday | Golf | Sport #Florida #Golf #Golf(section) #RoryMcIlroy #RoryMcIlroyHouse #Sports #Tax #TheMasters(Golf) #UK #UnitedKingdom

Emeritus Prof Christopher May

Ofgem is exploring how to make the fixed costs of sustainable energy production proportional to income, because Ofgm think green energy will see a switch from an emphasis on variable costs to fixed costs & this could be regressive in economic terms.

This is all very well, but don't we have system by which costs can be allocated relating to income... its called the tax system - how long before they hit on a tax subsidy to energy generators?

And then (re)nationalisation?

#energy #Tax
h/t FT

((Jann Gobble)) 🏳️‍🌈

Happy #Tax Day !!! Yeah. Im’a need this!!! 😂 #IncomeTaxes

Apr 15, 2025, 20:05 · · · 0 · 0
Flipboard News Desk

It's Tax Day in the U.S. If you haven't filed, don't panic.

@WSJ explains how to file for an extension, noting that 1 in 8 Americans files late.

Gift link: flip.it/r3XAUS

#TaxDay #Tax #IRS #PersonalFinance

Nonilex

The push extends across agencies: Last week, the #SSA entered the names & #SocialSecurity numbers of >6,000 mostly Latino immigrants into a database it uses to track dead people, effectively slashing their ability to receive benefits or #work legally in the #UnitedStates. Federal #tax & #immigration enforcement officials recently reached a deal to share confidential tax data for people *suspected* of being in the #US illegally.

#law #privacy #security #Trump #Musk #WhiteSupremacy #Gestapo

Apr 15, 2025, 16:53 · · · 4 · 0