By STAN CHOE and KEN SWEET
AP Business Writers
NEW YORK (AP) â Just as President Joe Biden is pushing to raise taxes on companies to help pay for his infrastructure plan, a report from a Washington policy group is highlighting how many firms pay zero despite making big pretax profits.
More than 50 of the largest U.S. companies paid nothing in federal income taxes last year, with many getting rebates, even though they reported almost $40.5 billion in pretax profits as a group, according to the Institute on Taxation and Economic Policy. The group believes the tax system needs to raise more tax revenue.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Cherrytree Group Passes $100 Million Mark in Tax Credit Placements
March 11, 2021 GMT
BOSTON (BUSINESS WIRE) Mar 11, 2021
The Cherrytree Group a tax credit consulting and syndication firm based near Boston announced a significant milestone by surpassing the $100 million mark in tax credits obtained and placed on behalf of real estate developers and investors nationally.
Since its founding in 2011, the company has specialized in the procurement of state and Federal tax credits for initiatives which generate renewable energy, create affordable housing, preserve historic structures or clean up contaminated soils and groundwater. In its most recent year, 2020, the company secured and syndicated $20,800,000 of tax credits, including $8.8 million in solar energy tax credits, $6.7 million in historic credits, $3.7 million in brownfields tax credits and $1.6 million in low-income housing t
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Weyco Reports Fourth Quarter and Full Year 2020 Results
Weyco GroupMarch 9, 2021 GMT
Milwaukee, WI, March 09, 2021 (GLOBE NEWSWIRE) Weyco Group, Inc. (NASDAQ:WEYS) (the “Company”) today announced financial results for the quarter and year ended December 31, 2020.
Fourth Quarter 2020 Net sales were $62.0 million compared to fourth quarter 2019 net sales of $86.9 million. Earnings from operations totaled $7.9 million compared to $11.5 million in the fourth quarter of 2019. Net earnings totaled $5.1 million compared to $8.8 million in last year’s fourth quarter. Diluted earnings per share were $0.52 per share versus $0.90 per share in the fourth quarter of 2019.
ABC News
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Hawaii affordable housing guidelines could include $1M homes
Affordable housing guidelines set by a Hawaii state agency could rate two-bedroom homes costing $1 million as affordable for some households eligible for government-subsidized housing
ByThe Associated Press
• 3 min read
HONOLULU Affordable housing guidelines set by a Hawaii state agency could rate two-bedroom homes costing $1 million as affordable for some households eligible for government-subsidized housing.
The guidelines established by the Hawaii Housing Finance and Development Corp. were aimed at helping developers produce affordable housing, the Honolulu Star-Advertiser reported Sunday.
There is little likelihood developers could produce and sell $1 million homes to satisfy an affordable-housing condition under state and county requirements typically tied to projects receiving zoning changes, development bonuses an
SACRAMENTO, Calif. (AP) — Millions of low-income Californians would receive $600 checks under a $9.6 billion coronavirus aid package announced by Gov. Gavin Newsom and legislative leaders.