As the coronavirus-induced economic crisis deepens around the country and globe, California Governor Gavin Newsom will suspend payments of sales taxes that small businesses are required to give to the state for a year.
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A group looking to break up California’s iconic property tax code and spur billions in new commercial property taxes for local governments and schools said Thursday it has enough voter signatures to qualify a measure for the November ballot.
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As city leaders focus on boosting health care capacity and helping workers and businesses survive a shelter-in-place order, another pandemic-related crisis is emerging for San Francisco in the form of a potential $1.7 billion budget shortfall.
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A federal judge put the House lawsuit for President Donald Trump’s tax returns on hold Friday. Unlike other cases across the country that have ground to a halt, however, this stay relates not to the coronavirus pandemic but to another subpoena facing appellate scrutiny.
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Treasury Secretary Steve Mnuchin said Friday that the federal deadline for Americans to file taxes has been moved from April 15 to July 15 in light of the coronavirus pandemic.
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A government bailout predicted to top $1 trillion to contend with the effects of coronavirus helped urge somewhat of a market rebound Tuesday.
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A federal jury on Monday convicted a California businessman of charges related to a $1 billion renewable fuel tax credit fraud scheme involving members of a secretive polygamist group that have eluded law enforcement for decades.
Read moreThe Northern District of California denied Intuit’s motion to compel arbitration in a class action suit brought by consumers who claim the company tricked them into paying for its tax preparation services when they could have used its free tax filing option. The court ruled the consumers did not agree to an arbitration agreement because the terms were “too inconspicuous.”
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Countering economic plans from the White House centered on a payroll-tax cut, congressional Democrats unveiled an economic response to the coronavirus outbreak Wednesday that includes paid sick leave and expanded unemployment insurance.
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The White House pitched Senate lawmakers on a wide range of legislative responses to the coronavirus outbreak Tuesday, but offered no timeline to speak of or any parameters for how the plan will look.
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The Ohio Supreme Court heard arguments Tuesday over the constitutionality of a Lake Erie island village’s tax on for-hire vehicles, in a dispute centered on municipal home-rule authority.
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President Donald Trump said Monday the White House plans to work with Congress starting this week on a payroll tax cut and relief for hourly workers in response to the spread of the coronavirus.
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Amazon and the European Commission wrapped up two days of hearings before the European Union’s second-highest court on Friday in a tax case worth hundreds of millions of dollars.
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Amazon defended itself Thursday before the European Union’s second-highest court against claims that it dodged taxes in a scheme with a James Bond-worthy nickname.
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Warily reigniting a lawsuit over President Donald Trump’s tax returns, a federal judge warned the parties Thursday that the separate battle to subpoena White House counsel Don McGahn could waylay the case.
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The European Union’s highest court found Tuesday that a Hungarian tax on phone companies doesn’t violate EU law.
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Backing Google in a tax dispute Tuesday, Europe’s highest court chucked a $3.5 million fine related to advertising sales in Hungary.
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President Trump’s son-in-law and adviser Jared Kushner has sold his stake in a company investing in Opportunity Zone projects that offer tax breaks he pushed for in Washington, sparking criticism that he was benefiting from his White House role.
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Focused on the individual mandate tax penalty that Congress zeroed out two years ago, the Supreme Court took up a new challenge Monday to the federal health care law.
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