Amazon’s Tax Gambit

Jeff Bezos and Amazon are supporting higher taxes—a move that’s less counterintuitive than it appears It’s no surprise that President Joe Biden has introduced sweeping proposals to raise taxes on corporations and wealthy individuals. Biden campaigned for the White House, in part, on the platform of raising taxes to fund infrastructure spending. “A fireman or … Continued

SPACs Have Their Moment

Wall Street is spitting out special-purpose acquisition companies at a frenzied pace—but let the buyer beware By now, nearly everyone who’s interested in finance has heard of SPACs. They’re the special-purpose acquisition companies typically led by someone with a familiar name—perhaps a well-known fund manager or even a famous athlete. Those famous or nearly famous … Continued