Immigrants account for 15% of the wealth of America's billionaires Forbes reported in 2022,1 and the vast majority (92%) are self-made. Wealthy tech entrepreneurs continue to arrive in droves, and the United States remains the leader in foreign direct investment.2 Despite the continued growth of America's wealth and the opportunities attributed to immigrants and foreign…
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Elon Musk took the stage earlier this month at the Tesla's Robotaxi eventshowing a Self-driving cybernetic car, a 20-seat Robovan, and Optimus robots. Although the event was exclusive and by invitation onlyone company did not want to be associated with him: Alcon Entertainment, Manufacturer of the 2017 sci-fi film Blade Runner 2049. In one complaint…
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Sam's Club's chief technology officer has reportedly resigned due to return of the company to the office politics. Walmart Inc., which owns Sam's Club, implemented a strict RTO policy this summer requiring most employees, especially executives, to relocate to Walmart's Bentonville, Arkansas, corporate headquarters. Some employees were given the opportunity to transfer to other large…
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Opinions expressed by Entrepreneur contributors are their own. Choosing a vendor usually goes like this: you talk to two or three companies and they explain how they work. They may seem like a good fit, but those conversations often leave you wondering if you're making the right decision. You may feel like you need more…
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Prior to 2023 and 2024, taxpayers faced significant challenges in challenging penalties for failing to report foreign accounts through Foreign Bank and Financial Accounts (FBAR). However, recent court decisions signal a change in the legal landscape. Despite this change, FBAR litigation remains far from straightforward. The cases discussed below share a common theme: They explore…
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Opinions expressed by Entrepreneur contributors are their own. With important positions in Google AND intuition under his belt, Dominic Allon improved his leadership style by embracing feedback, learning from failure and constantly challenging himself. His role at Google was transformative – he led projects that reshaped the way agencies and businesses used digital advertising. At…
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Congress introduced the controlled foreign corporation (CFC) rules in 1962 to prevent U.S. taxpayers from deferring federal income tax on income earned in closely held foreign companies, that is, by binding U.S. shareholders to the levels of ownership requirements to recognize certain types of income earned by CFCs regardless of whether these earnings are actually…
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Opinions expressed by Entrepreneur contributors are their own. To get the most out of the holiday shopping season, businesses need to carefully plan their strategies to capture the customer's attention. A well-executed approach can lead to increased engagement, higher sales and stronger customer loyalty during this period. In this article, I will share eight proven…
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