Carbon Tax Scheme Would Pay Dividends to Public
Crowding around the ever-growing carbon tax drum circle, major oil companies are rubbing elbows with college students and economists.
Read more
Taxes
Religious School Funding Fight on Upswing at High Court
Montana tax officials courted Supreme Court defeat Wednesday at a hearing where Justice Brett Kavanaugh traced the state’s ban on public funding of religious schools to “grotesque religious bigotry against Catholics.”
Read more
High Court Refuses to Fast-Track Obamacare Appeal
The Supreme Court on Tuesday rejected a plea by the House of Representatives and a coalition of mostly Democrat-led states to fast-track review of Texas’ lawsuit seeking to invalidate the Affordable Care Act.
Read more
US Trade War With France Put on Simmer
Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital companies to the end of the year, postponing Washington’s threat of sanctions against Paris, French officials said Tuesday.
Read moreBikini Latex Clubs
A Texas appeals court tossed the state comptroller’s action seeking clarification as to whether a state “pole tax” – which requires the collection of certain fees from strip clubs – applies to “bikini-latex clubs,” where dancers are “clothed” by latex applied to their bodies in a liquid or semi-liquid state.
Read moreReport Shows IRS Struggling to Keep Up With Workload Amid Budget Cuts
A new federal report released Wednesday shows the IRS struggled to send refunds to American taxpayers in 2019 as budget cuts and workload increases burdened the agency.
Read moreFrance Tells US to ‘Come to Its Senses’ on Digital Tax
Finance Minister Bruno Le Maire urged the United States Monday to renounce threatened sanctions on France in a dispute over taxation of tech giants, and warned of possible EU retaliation.
Read more
Slew of New Laws Take Effect Nationwide on New Year’s Day
The new year will bring new fees for some owners of electric vehicles, as an increasing number of states seek to plug in to fresh revenue sources to offset forgone gas taxes. In Hawaii, the charge will be $50. In Kansas, $100. In Alabama and Ohio, $200.
Read more
House Votes to Repeal SALT Cap, Trump’s Tax Swipe at Blue States
Dealing another blow to the White House on the heels of its historic impeachment vote, the U.S. House of Representatives dug into the Republican tax bill Thursday, repealing a provision that leaves New Yorkers and residents of other states that tax heavily and vote blue from recouping big deductions.
Read more
Fifth Circuit Strikes Down Obamacare Individual Mandate
The Fifth Circuit on Wednesday sided with Republican opponents of the Affordable Care Act, finding that the individual mandate tax penalty zeroed out by Congress two years ago is unconstitutional, but it declined to invalidate the entire law.
Read more
New York’s Fraud Case Against Manafort Thrown Out
A New York judge agreed Wednesday to dismiss a criminal indictment of the already incarcerated former Trump campaign chief Paul Manafort.
Read moreCalifornia’s Legislative Analyst Recommends Tying Cannabis Tax to Potency
To stabilize the legal marijuana market and boost California’s coffers, a report issued Tuesday recommends that the state consider major changes to its tax framework, including scrapping a cultivation tax for a potency-based scheme.
Read more
House Sends Spending Bills to Senate as Shutdown Deadline Looms
The House of Representatives on Tuesday passed a $1.4 trillion spending package, putting Congress on track to fund the federal government for the rest of the fiscal year ahead of an end-of-week deadline.
Read more
Warren Vows to Crack Open Ubiquitous Shell Companies
Recalling how the Panama Papers laid bare a worldwide network of tax-avoiding shell companies in 2016, Democratic presidential hopeful Elizabeth Warren released a new plan Tuesday to fight corruption at home and abroad.
Read moreSupreme Court Takes Up Cases on Trump Financial Secrecy
The Supreme Court agreed Friday to hear President Donald Trump’s attempts to keep his financial records out of the hands of New York prosecutors and congressional committees.
Read moreChuck E. Cheese
Chuck E. Cheese restaurant chain is not entitled to a $2.4 million refund for state taxes paid on purchases of gaming restaurants, an appeals court in Texas ruled. Customers do not have “control” or “possession” over the coin-operated gaming equipment, so the company is not entitled to the “sale-for-resale” exemption refund.
Read moreTrump Doubles Down at High Court on Tax-Return Subpoena
On the heels of separate appellate defeats to shield his tax returns, President Donald Trump brought his second Supreme Court petition in less than a month Thursday.
Read moreTaxes
The Stop QIP Tax Coalition sued the California Department of Food and Agriculture in superior court, claiming its Quota Implementation Program for dairy farmers unlawfully gives an advantage to certain companies.
Read moreTrump Loses Appeal to Block Deutsche Bank Subpoena
The Second Circuit cleared the way Tuesday for two House committees to access financial records that President Donald Trump and his associates have stored in Deutsche Bank and Capital One.
Read more