Tax-loss harvesting has turbocharged the growth of municipal-bond exchange traded funds in 2026 at the expense of open-end mutual funds, which may lose much of those assets for good, according to Vanguard Group.

Taxes took 36% of a portfolio over the last 30 years! Ang breaks down Uncle Sam's cut across a century: "It's about 160, 170 bps per year. It sounds small, but you compound that over 30 years, and that results in 36% of your portfolio that just disappears." "This kind of modern era, it's the anomaly. It's not the norm." "If you can go across the century, that Uncle Sam's cut averages about 350 basis points." "The highest one is over 500 basis points, and it's during the 1940s, 1950s."

Tax advantages and high energy prices will drive further consolidation in Britain's North Sea oil and gas fields after a flurry of deals this year, 11 industry analysts and bankers said

Tax cuts in major economies can reduce output elsewhere, as the effects of capital reallocation can outweigh the benefits from stronger import demand. See our new blog.

Taxi drivers at Nigeria's Nnamdi Azikiwe International Airport say health authorities have failed to implement safety protocols despite earlier warnings about a potential health threat