GLOBAL economy is in the midst of turmoil. Already weakened by the Covid 19 pandemic, nations worldwide have been witnessing several shocks that have led to concerns -higher than expected worldwide inflation triggering tighter financial conditions, slowdown in China and negative impact of the war in Ukraine.
SOMETIMES it is difficult for someone from outside the USA to understand its tax laws and the process under which such laws are made. The American system of governance has a large number of checks and balances. The President of the USA is the most powerful person in the world