Perspectives Blog

The three tax thresholds of the new tax regime

Abram Claude, Vice President, Columbia Management Learning Center | September 11, 2013

…blog articles to this important and timely “Navigating the New Tax Regime” topic, which will appear here over the next seven weeks. In 2013, there are new tax rates and provisions as a result of the American Taxpayer Relief Act of 2012 and taxes associated with the Affordable Care Act of 2010. Among them are three distinct thresholds that investors could cross over, each with unique tax implications. The first threshold triggers the two surtaxe…

The importance of being transparent

Harlan Sonderling, CFA, Senior Healthcare Analyst | December 2, 2013

one can’t help inferring that the President’s doctors were among the best paid in the nation, regardless of their disastrous outcomes. The noise around the initial health insurance exchange enrollment and the Affordable Care Act’s various extensions and modifications obscures perhaps the most profound reason for the prolonged decline in the growth rate of healthcare spending — the ongoing and material shift of financial responsibility for health…

Antibiotic resistance – What it means for drug manufacturers, hospitals and diagnostic companies

Columbia Management, Investment Team | May 12, 2014

…n to develop a new antibiotic. Given these factors, antibiotic drug approvals have fallen drastically from the early 1980s, with only a handful of new approval since 2005. Changing governmental incentives including the DISARM Act (better economics and pricing) and the GAIN Act (speedy pathway for approval) are likely to lead to faster development timelines and longer exclusivity periods, which should lead to increased new drug development in the…

The taxman cometh

James Dearborn, Head of Municipal Bonds | March 13, 2014

New and higher taxes will increase what many owe Muni bonds can help mitigate your tax bill Muni yields are attractive vs. many other investment options With tax season fully upon us, many Americans are about to realize the harsh realities of the new tax environment that came into effect January 2013 with the passage of the oddly named American Taxpayer Relief Act of 2012 and the introduction of taxes associated with the Affordable Care Act (A…

The role of asset location

Abram Claude, Vice President, Columbia Management Learning Center | October 23, 2013

…s. The Columbia Management Learning Center is dedicating a series of blog articles to this important and timely “Navigating the New Tax Regime” topic. The new-for-2013 tax elements resulting from the American Taxpayer Relief Act and the taxes associated with the Affordable Care Act beg reconsideration of the adage, “It’s not what you make, it’s what you keep.” In other words, financial advisors and investors should have a good unders…

Second quarter U.S. corporate earnings wrap-up

Tom West, Director of Equity Research | August 18, 2014

…lowering” at 1.5% during the current quarter versus an average of 3.6% for the last four quarters. The “beat” was 3.4% in the current quarter versus an average of 2.7% for the last four quarters. So, nice statistics, but what actually happened? In fairly broad terms, cyclical sectors were a mixed bag, while non-cyclicals did a little better. That might not sound all that great, but it was also true that the strength seemed to line up with the big…

New taxes require strategies to maximize after-tax return

Abram Claude, Vice President, Columbia Management Learning Center | March 18, 2014

…most tax-sensitive investments in tax-deferred accounts. Retirement plans offer significant opportunities for participants and business owners to reduce taxable income. In 2013, new taxes associated with the Affordable Care Act of 2010 and the American Taxpayer Relief Act of 2012 took effect. Unlike the major tax legislation enacted over the last 12 years, the core tax provisions were passed by Congress absent of any expiration dates. This mean…