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Michael Bologna
Verified
Staff Correspondent, Bloomberg Industry Group
Chicago
Beats
Bitcoin Cryptocurrency Blockchain Finance
Animal Rights
Content
By Michael Bologna Verified| Bloomberg Tax Verified Louisiana lawmakers heading into their 2025 legislative session will confront some hefty fiscal challenges, including an immediate budget shortfall and a long-term structural deficit—all without the financial flexibility proposed in a recently failed ballot measure. Further expansion of the state’s sales tax base may be on the table during the two-month fiscal session kicking off Monday if lawmakers are forced to find new revenue to bridge the budget gap and provide pay raises to teachers.
By Michael Bologna Verified| Bloomberg Law Verified A Florida investor with a large portfolio of Tesla stock is expected to plead guilty to evading taxes on $80 million in capital gains after fraudulently claiming he was a tax-exempt resident of Puerto Rico, according to court documents. Miami resident Suresh Gajwani, the owner of an investment firm called Nimco II Corp., surrendered to federal authorities on Tuesday, court documents show.
By Michael Bologna Verified| Bloomberg Tax Verified Louisiana lawmakers heading into their 2025 legislative session will confront some hefty fiscal challenges, including an immediate budget shortfall and a long-term structural deficit—all without the financial flexibility proposed in a recently failed ballot measure. Further expansion of the state’s sales tax base may be on the table during the two-month fiscal session kicking off Monday if lawmakers are forced to find new revenue to bridge the budget gap and provide pay raises to teachers.
Company Info
Bloomberg Industry Group
Bloomberg L.P. is a global financial data, software, and media company founded in 1981 by Michael Bloomberg and his partners. Originally named Innovative Market Systems, it rebranded to Bloomberg L.P. in 1986. The company is renowned for the Bloomberg Terminal, a proprietary platform that provides real-time financial data, analytics, and trading tools to over 350,000 subscribers worldwide. Bloomberg operates in three main areas: financial technology, news/media, and data analytics. Its flagship product, the Bloomberg Terminal, offers market data, news, and communication tools for financial professionals. Bloomberg News, with over 120 bureaus globally, covers financial markets, politics, and technology across various platforms, including digital, television, and print. The company also provides specialized data and analytics services, including legal and regulatory information, through its acquisitions. Bloomberg L.P. is privately held, with an estimated revenue of $12.5 billion in 2023, primarily from terminal subscriptions.
United Arab Emirates, United Arab Emirates
+1 212-318-2000
Founded: 1981