Showing posts with label Sam Zell. Show all posts
Showing posts with label Sam Zell. Show all posts

2018-01-02

Sam Zell: The Importance of Lowering the Corporate Tax Rate (video)

Sam Zell on the importance of lowering the corporate tax rate:

Videos above and below originally published on Aug 18, 2017: Billionaire investor Sam Zell on President Trump’s tax reform plan and the importance of lowering the corporate tax rate.

Sam Zell on how he became successful

Billionaire investor Sam Zell on the North Korean crisis and his new book ‘Am I being too subtle?: Straight Talk from a Business Rebel’--
Sam Zell is the chairman of Equity Group Investments (domain: egizell.com), the private investment firm he founded in 1968, and the chairman of five NYSE companies. He is an entrepreneur and investor who is active in a diverse range of industries, such as energy, manufacturing, logistics, healthcare, and communications, and of course real estate. He lives in Chicago with his wife, Helen.

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2017-10-07

Tech Review | Amazon $AMZN & Apple $AAPL: 'The TAX Man Cometh'

Tech Review (TR 2017-10-07)--Domain Mondo's weekly review of tech news with commentary, analysis and opinion: Features • 1) Amazon $AMZN & Apple $AAPL: 'The TAX Man Cometh', 2)  The Wrong Kind of Entrepreneurs, 3) Investing: Catalonia to Tech (video), Not a Time to Buy Anything, Portfolio Builder, Junk Bond Bubble, Disintermediation, Q3 2017, 4) ICYMI Tech News.

1) Amazon $AMZN & Apple $AAPL & Facebook $FB & Google $GOOG $GOOGL: The Tax Man Cometh--EU orders Amazon to repay $295 million in Luxembourg back taxes--Reuters.com. EU takes Ireland to court for not claiming Apple tax windfall--Reuters.com (up to 13 billion euros ($15.3 billion) of tax due from Apple Inc.). More in the video and text below:

Amazon hit with EU back taxes bill

Financial Times (FT.com) video published Oct 4, 2017: Brussels (EU) handed Amazon on Wednesday a bill for Luxembourg back taxes of up to €250m in the latest fallout from the EU crackdown on tax avoidance by big multinationals.

Germany, France, Italy, and Spain have proposed an ‘equalisation tax’ under which internet giants Google, Apple, Facebook, and Amazon would be taxed where they generate revenues rather than where they are registered. Right now the companies pay minimal taxes in Europe due to locating subsidiaries in low tax rate countries like Ireland and Luxembourg (profits are currently reported where the subsidiary is located, even if revenues are generated in other countries). Under the virtual permanent establishment concept advanced by Estonia, companies would be taxed ‘where the value is created’ rather than where the companies are registered. Existing tax rules are inadequate for the digital economy, say France, Germany, Italy, and Spain, which also maintain that ‘economic efficiency is at stake, as well as tax fairness and sovereignty’. While supporting existing initiatives at the G20 and OECD, these EU 'big four' countries also want to 'move ahead quickly’ within the EU--see DIG.watch (pdf) Sep 2017.

2) The Wrong Kind of Entrepreneurs--"When economists say “rent,” they mean money that one person extracts from another without producing anything of value ... Robert Litan and Ian Hathaway, writing in Harvard Business Review, have a more dire hypothesis. They surmised that many American entrepreneurs are no longer looking for ways to produce more useful stuff, and are instead looking for new techniques for extracting money from each other and from the government ... crony capitalism may be slowly cannibalizing productive capitalism"--Bloomberg.com. See also Special Pump-and-Dump Scheme Spikes to High Heaven | WolfStreet.com. 

3) Investing
Charts that matter: Catalonia to tech

Financial Times (FT.com) video published Oct 5, 2017: The FT.com's markets team on what to watch for in markets this month: US credit, Catalonia bonds, bond covenants, rotation into energy and what the S&P 500 needs.

a. Quick Notes:
  • Hurricane Nate Aims At New Orleans--Category One Landfall Early Sunday.
  • Coming: another interest rate hike by the Fed likely this year: U.S. Dollar hits 10-week highs, U.S. yields jump on strong wages data | Reuters.com.
  • "This Is Not A Time To Buy Anything" --Sam Zell warns retail real estate market is a "falling knife"--"An area that's in this much disarray, with so many weak players, is not an area where I would want to deploy capital at this time. And I'm generally a contrarian but I think what we're dealing with here is very significant."--ZeroHedge.com Sep 26, 2017. WolfStreet.com: Landlord’s View of the Brick and Mortar Meltdown: “We are faced with weekly tenant bankruptcies, defaults, and requests for rent or space reductions ... even the biggest liars you ever met will admit to challenges facing their portfolios."-- (emphasis added).
  • Portfolio builder: How To Profit From The Online Data Boom | SeekingAlpha.com.
  • World’s Biggest Ever Junk Bond Bubble in Pictures: What Hath Draghi Wrought?--MishTalk.com. 
  • Disintermediation: FedEx $FDX and UPS $UPS DOWN on report of Amazon's $AMZN own delivery service--Reuters.com.
  • One man's pain is another's gain--Hurricane Stimulus in Auto Sector: "Hurricane Harvey and highest discounts in US history did the trick--GM, Ford, and Toyota were the biggest winners. Fiat-Chrysler and Hyundai got crushed."--WolfStreet.com.
  • JPMorgan Updates By-laws In Case Of "Nuclear Disaster" Or World War III--ZeroHedge.com
b. Q3 2017 Earnings Season
4) ICYMI Tech News:
  • Why Does Sweden Have So Many Startups? | TheAtlantic.com: Sweden's strong safety net, low corporate taxes, and deregulation of industries to promote competition, have aided its thriving startup community.
  •  Amazon-Whole-Foods Already Rattles the Grocery Sector | WolfStreet.com: "...  foot traffic of new customers remained at elevated levels through September 16. On that day – a Saturday – the index of foot traffic spiked to one of its highest levels since the price cuts ..."
  • Intel and Intelsat partner on plan to free up 5G airwaves | Axios.com.
  • India approves Chinese smartphone manufacturer Oppo retail stores, Apple next?--Reuters.com and Manufacturing Smartphones In India Hits Hurdles--lack of skilled labor and part suppliers along with a complex tax regime--Reuters.com.
  • Entitled & Tone-deaf: Mark Zuckerberg wanted Facebook employees to work for his separate personal entity "Chan Zuckerberg Initiative" until senior staff complained to board member Marc Andreessen who passed it along to Zuck--BusinessInsider.com. See also Facebook Lies | iain.learmonth.me: Think you can "escape" from Facebook? Think again.
  • Foreign government software code reviews 'problematic' says White House--Reuters.com.
  • Uber’s path to win back London: data, fines and fees | Reuters.com
  • SEC Exposes Two Initial Coin Offerings (ICOs)--"The Securities and Exchange Commission today charged a businessman and two companies with defrauding investors in a pair of so-called initial coin offerings (ICOs) purportedly backed by investments in real estate and diamonds ..."--SEC.gov
  • Swiss regulator probes ICOs: "Ten days after shutting down a fake cryptocurrency scam, the Swiss financial regulator said it is investigating the procedures for setting up new companies in the rapidly expanding sector."--SWI | swissinfo.ch. See also Bitcoin “Probably Worth Zero”--MishTalk.com.
  • Blockchain: Commerzbank, other banks join UBS and IBM trade finance blockchain--Reuters.com.
  • Google Retooling User Security: "Google is preparing to upgrade its security tools for online accounts to better insulate users from cyberattacks and politically motivated hacks"--Bloomberg.com
  • Apple iOS 11’s Misleading “Off-ish” Setting for Bluetooth and Wi-Fi is Bad for User Security--Electronic Frontier Foundation | eff.org.
  • OK Google, Get Out of My Face | MIT--TechnologyReview.com.
  • Yahoo says all three billion accounts hacked in 2013 data theft--Reuters.com
  • ChinaInternetWatch.com: Tencent launches digital bank card--"WeBank Card"--on WeChat. 
  • Take the politics out of broadband progress reports: "... many consider the Federal Communications Commission’s existing data to be inaccurate and unreliable. With the FCC now having launched its 13th annual inquiry into the status of broadband deployment in America ..."--rstreet.org
  • FCC's market-based solution for toll-free numbers: "RespOrgs solicit toll-free numbers from a master database of available numbers, like registrars do for internet domain names. But RespOrgs have incentives to engage in strategic behavior such as warehousing or hoarding the limited supply of numbers, particularly with regard to valuable numbers such as vanity numbers (like 1-800-LAWYERS) and easy-to-remember numbers ..."--aei.org
  • Beyond mainstream media's fake news, false narratives, and daily D.C. dramas, Trump begins to alter American life--Reuters.com 

-- John Poole, Editor, Domain Mondo  

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2015-12-17

Milton Berg: Commodities May Sink 20% More, Equities in Bear Market



Now that the FED has raised interest rates for the first time since 2006, what's next? Milton Berg and Sam Zell (see further below) have their own opinions--

Milton Berg: Commodities May Sink 20% or More - MB Advisors CEO Milton Berg discusses commodities, equities, and his investment strategy. He speaks on "Bloomberg ‹GO›" (published Nov 30, 2015). Among the many opinions voiced by Berg in the video above: the bear market in commodities began in 2011 and has more to run according to Milton Berg--another 1/3 to go? And equities (US and globally) entered a bear market in 2015 according to Berg. He recommends (at present) holding cash (US Dollar). Milton Berg is Chief Executive Officer and Chief Investment Officer at MB Advisors, a boutique consulting and research firm offering investment advisory services exclusively to institutional investors. The core focus of MB's work is historical market analysis, with a strong technical perspective. Domain name: miltonberg.com

Meanwhile, Sam Zell has "recession expectations"--within the next 12 months-- 

Sam Zell: Fed Rate Hike is Six-Eight Months Too Late - Sam Zell, chairman at Equity Group Investments, discusses a delayed rate hike from the Federal Reserve and his expectations for a U.S. recession in the next 12 months. He speaks on "Bloomberg ‹GO›." - Bloomberg, December 16, 2015

See also on Domain Mondo:

Caveat Emptor!



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