Forget Machiavelli, or “Game of Thrones.” When it comes to staying in power, South Korea’s richest business clans have the game plan down. [Jonathan Soble, Jeyup S. Kwaak & ChoeSang-Hung] May 8th, 2017 [The New York Times] There is the charity maneuver, in which family members park their stakes in their business empires in philanthropic nonprofits,…
The House Republican business tax reform plan may be heading for political defeat. Senate support is absent, House Republicans are divided, and Democrats oppose it. May 9th, 2017 | Written by Michael Stumo and Jeff Ferry, Global Trade Magazine However, the border-adjustability feature of the tax plan is an important goal to preserve because it would neutralize foreign border taxes…
Sen. John McCain (R-AZ) is objecting to a unanimous consent request to proceed to the nomination of U.S. Trade Representative nominee Robert Lighthizer, McCain told Inside U.S. Trade. [Jenny Leonard] May 9th, 2017 [Inside Trade] “I have questions that are outstanding and I’d like to have answers to those questions. That’s the way the senate works,”…
