Latest in Millions Face Tax
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Bans, Fees, Taxes. Can Anything Stop Overtourism?
Efforts to limit visitors in tourist hot spots have had mixed results, at best. Competing interests have a way of impeding attempts to stem the tide.The New York Times - 1d -
4 ways a tax relief service can reduce your tax bill
If you owe back taxes to the IRS, the right tax relief service could help reduce your bill. Here's how.CBS News - 11h -
Tax scams: What to watch for in 2025
Each year, scammers refine their tactics to trick taxpayers out of their money. Here's what to watch for this year.CBS News - 1d -
IRS starts new tax rule for digital income
A new rule being implemented for the 2024 tax year means revenue over $5,000 collected through platforms like PayPal or Venmo has to be reported. That includes payments for concert tickets, clothes ...CBS News - 1d -
Abramovich dodged millions in tax with superyachts-for-hire scheme
Shell companies were used to charter the sanctioned oligarch’s yachts to himself, evading VAT, BBC reveals.BBC News - 2d -
Why the IRS may be coming to tax your cryptocurrency
This is how many crypto investors evade taxes.MarketWatch - 2d -
Millions 'face tax hike' and Trump set to visit UK
A number of Monday's front pages report on a call between Donald Trump and Sir Keir Starmer's.BBC News - 3d -
3.4mn tax returns still to be filed as deadline looms
HMRC is taking a tougher line on fines, experts warnFinancial Times - 5d -
'Good luck with that': Democrats dubious of working with Trump on taxes
Democrats are sounding highly dubious about working with Republicans on tax reform after President Trump said Thursday he’s interested in a bipartisan approach to one of the top Republican ...The Hill - 5d -
Edinburgh becomes first 'tourist tax' city in Scotland
A tourist tax designed to raise £50m annually will be introduced to Edinburgh from next year.BBC News - 5d -
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‘Will I be caught in a 76% inheritance tax trap?’
The questions families are asking their advisers, following the IHT shake-upFinancial Times - 5d -
The Broad sued again. Museum faces $10-million discrimination lawsuit
The Broad and its former chief operating officer are facing a second lawsuit in less than a week, accusing them of discrimination, retaliation and defamation.Los Angeles Times - 5d -
From tax lottery to tax credit: A better way to help disaster victims
As natural disasters leave many Americans facing economic hardship, the tax code's casualty loss deduction is providing assistance primarily to the wealthiest taxpayers. A reformed casualty tax ...The Hill - 6d -
Vanguard's $106 million target-date fund settlement offers a key lesson about taxes
Investors can boost their after-tax returns by pairing assets with taxable accounts or tax-advantaged retirement accounts like 401(k) plans and IRAs.CNBC - 6d -
Reeves to soften UK non-dom tax reforms
Chancellor tells Davos crowd that government had been ‘listening to concerns’Financial Times - 6d -
How is gold taxed?
Gold investments fall into several tax categories, experts say. Here's what to know this tax season.CBS News - 6d -
Trump Plan to Swap Tariffs for Tax Cuts Faces Opposition in Congress
Tariffs only made up about 2 percent of annual revenue before.Inc. - Jan. 22 -
Trump’s assault on the global corporate tax regime
President threatens retaliation against ‘discriminatory’ levies on US multinationalsFinancial Times - Jan. 22 -
A 'National Tragedy' in India: Popcorn Is Taxed Three Ways
Critics say the multiplicity of tax rates on the humble snack is emblematic of why India remains a difficult place to do business.The Wall Street Journal - Jan. 22 -
Council urged to scrap 'rat tax'
A councillor has put forward an amendment to a recent review of pest control charges.BBC News - Jan. 21 -
Senate GOP spikes House tax plans
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP rejects House conservative tax pitch Senate Republicans are tossing ...The Hill - Jan. 17 -
US Debt Faces Record as Trump and GOP Plan Tax Cuts
The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.The New York Times - Jan. 17 -
What Did Trump’s Tax Cuts Do?
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.The New York Times - Jan. 17 -
How Trump’s Treasury Nominee Allegedly Avoided Nearly $1 Million in Taxes
Hedge fund manager Scott Bessent is facing questions about his personal taxes at a hearing on his treasury secretary nomination.Inc. - Jan. 16 -
How to Pay Your Taxes Online
Paying US federal and state taxes online can be confusing, and one wrong move can result in penalties or extra money owed. We break it down so you can have the most worry-free tax filing possible.Wired - Jan. 14 -
More than a million student loan borrowers got debt forgiven in 2024. What to know at tax time
If your student loans were forgiven in 2024, you may be wondering if there are any tax implications.CNBC - Jan. 12 -
Trump’s return raises prospect of global tax war
Plans to levy higher rates on US multinationals could spur president-elect to respond with tariffsFinancial Times - Jan. 12 -
Here’s when you can file your 2024 taxes — and what’s new this year with refunds, tax laws and free tax prep
Income-tax refunds averaged more than $3,100 last year. How much will they be this year?MarketWatch - Jan. 11 -
Trump's tax-cut obstacle course
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...The Hill - Jan. 10 -
IRS announces the start of the 2025 tax season
The 2025 tax season will begin on Jan. 27 for individual taxpayers. Here are some options to file your 2024 taxes for free.CNBC - Jan. 10 -
Reeves faces 'difficult decisions' on tax and spending
The warning from a former Bank of England official comes in the wake of rising UK borrowing costs.BBC News - Jan. 10 -
Does the IRS ever forgive back taxes?
The IRS may be known for taking a hard stance on tax debt repayment, but that isn't always the case.CBS News - Jan. 9 -
Canadiens Players Hit Hardest By Taxes
The Hockey News had a tax expert produce tax returns for player earning $3 million USD in all 32 markets and the data shows the Canadiens' player really are hit the hardest by taxes.Yahoo Sports - Jan. 9 -
Tax lessons for governments from Henry George
The 19th-century political economist understood that the whole of society should benefit from outsized profitsFinancial Times - Jan. 9 -
The Papers: 'Apocalypse' LA and 'Reeves faces extra tax rises'
Wednesday's headlines include wildfires in LA and economists warning of rising government borrowing costs.BBC News - Jan. 9 -
Tax refund delays still plague millions of Americans, report says
Millions of taxpayers continue to struggle with delays in refunds from the IRS, a new tax advocate report says.CBS News - Jan. 8 -
Firms to raise prices due to tax and wage increases
Consumers could face higher costs in the coming months amid falling confidence among UK businesses.BBC News - Jan. 6 -
Online traders warned to check tax return status
Deadline looms as Airbnb, eBay and other platforms report individuals’ incomeFinancial Times - Jan. 3