We hope you like chicken, because that’s the theme of this week’s “Wake Up” post. Live chickens, fried chickens, patriotic chickens, and Wall Street firms that are chickening out of New York’s higher taxes all receive our careful egg-zamination. (Sorry.)
But seriously, how will the Tax Cuts and Jobs Act treat chickens? U.S. chicken importers need to know: are live chickens in Peru equivalent to cash? Liquid markets exist for them, so… maybe? [Forbes]
The burden of excess cash for corporations – what to do with all that extra spending money? What to do, what to do... [Accounting Today]
Can these cities impose a “Google tax” or “Apple tax?” Seattle’s “Amazon tax” may be inspiring other cities in Silicon Valley. [CNN Money]
The exodus has begun. Increasing numbers of businesses and individuals are pulling up stakes and moving from the Empire State to cheaper climates. Can New York afford to lose more “tax refugees?” [New York Post]
Speaking of a tax exodus, we recently reported on Alliance Bernstein’s move to Nashville for a more attractive tax environment and some of that spicy Nashville hot chicken. It looks like other Wall Street firms are following suit, migrating to Florida… [The Street]
The Wake-Up Call is The REM Cycle’s biweekly compilation of newsworthy articles pertaining to taxation, accounting, and life in general. Got a hot tip? Email us at REMCycle@rem-co.com.