Taxes
Republican Tax Architect Pitches Reform Plan in Texas
The chairman of the House Ways and Means Committee and a chief architect of Republicans’ tax-reform plan claimed Wednesday the plan would simplify the law so much that most Americans could file their taxes by filling out 15 lines on a return the size of a postcard.
Read more
Trump Takes Tax Pitch to Heritage Foundation
President Donald Trump pitched his tax cut plan to a conservative think tank Tuesday night, arguing the “massive tax relief” he’s proposing will strengthen the economy, create jobs, and overcome the “lack of leadership” he claims has stunted U.S. economic growth.
Read moreBill to Require Candidates’ Tax Returns Spiked in California
Going against his own party, California Gov. Jerry Brown on Sunday vetoed a President Donald Trump-inspired proposal that would have required presidential candidates to release their tax returns in order to appear on the statewide ballot.
Read moreTrump to Pitch Tax Plan as Boon for Truckers
President Donald Trump will bring his tax reform plan to truck drivers Wednesday evening in a speech in Pennsylvania, his third direct pitch of the Republican plan in as many weeks.
Read moreVoters Accuse California GOP of Voter Fraud in Recall Drive
Voters on Tuesday accused the California Republican Party of fraudulently collecting signatures on a recall petition against first-term Democratic state Senator Josh Newman by falsely claiming the measure would repeal a gasoline tax.
Read moreTrump Says US Should Change Tax Law to Punish NFL
President Donald Trump is suggesting the U.S. change its tax laws to punish organizations like the NFL if members are “disrespecting” the national anthem or flag.
Read moreFederal Judge Strikes Down Church Housing Tax Break
Siding with an atheist group, a federal judge in Wisconsin ruled Friday that an income tax exemption related to housing for members of the clergy violates the establishment clause because it benefits religious leaders and no one else.
Read more
Netflix Sues Colorado Town Over $116K Sales-Tax Bill
Netflix, the streaming service that destroyed video-rental late fees, is standing up to the biggest fee of them all: taxes.
Read moreHouse Passes GOP Budget, Setting Stage for Tax Cut Debate
The House Thursday passed a $4.1 trillion budget plan that’s a critical step for the party’s drive to rewrite the tax code later this year.
Read more
Amazon Must Pay $295 Million in Back Taxes, EU Says
Amazon has to pay $295 million in back taxes to Luxembourg, the European Union ordered Wednesday, in its latest attempt to tighten the screws on multinationals it says are avoiding taxes through sweetheart deals with individual EU states.
Read moreIntuit Will Face Claims Over TurboTax Security Protocols
A federal judge has allowed the central claims against TurboTax parent Intuit over lax cybersecurity to proceed.
Read moreTrump Promotes ‘Giant, Beautiful, Massive’ Tax Plan
President Donald Trump pitched his tax reform plan to a top manufacturing group on Friday, giving his second speech of the week pushing the new Republican legislative priority.
Read moreNo Value in VAT
European Union member states missed out on nearly $180 billion in value-added tax revenue that should have been collected but wasn’t, the European Commission said Thursday in renewing its bid to overhaul the EU’s sales-tax scheme.
Read moreGOP Tax Plan Slashes Tax Rate for Many Americans, Corporations
Congressional Republicans released the framework of a tax system overhaul on Wednesday that calls for drastically reducing the number of tax brackets, slashing the corporate tax rate and changing the way companies are taxed in the hopes that more will choose to keep their money in the United States.
Read moreMacron Government to Cut Taxes and Spending
As part of its budget plan for next year, French President Emmanuel Macron’s government is seeking to balance tax cuts with spending cuts to reduce the country’s deficit.
Read moreAmazon Faces Court Battle on State Tax Records
Taking a tax dispute with Amazon to court, Massachusetts regulators say the e-commerce behemoth cannot shield its records on third-party vendors.
Read moreTax Experts Caution Senate on Cuts for Corporations
Reforms to the corporate tax system could benefit the U.S. economy but lawmakers should consider all possible effects before slashing rates, experts told senators Tuesday.
Read more