Latest in Stronger Trump’s Tax
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Australia to introduce ‘news tax’ on tech companies
Move is designed to close loophole after Meta walked away from existing deal to use media contentFinancial Times - 2h -
Biden Says Trump’s Tax Cuts and Tariffs Would Be ‘a Major Mistake’
The president also said his successor would face blowback from the Republican Party if he tried to unwind the Biden agenda.The New York Times - 1d -
Tax Cuts Were Top of Mind at the Tax Foundation’s Annual ‘Prom’
Republican control of Washington and a tax bill next year have corporate America excited — and on edge.The New York Times - 1d -
Thune expects tax package by summer: 'Failure is not an option'
Incoming Senate Majority Leader John Thune (R-S.D.) reaffirmed his objective to prioritize swift tax reform in the 119th Congress as well as legislation supporting border security and the energy ...The Hill - 13h -
Consult us on inheritance tax, farmers urge PM
Farmers driving tractors stage another protest against the Budget changes in central London.BBC News - 18h -
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Lucky Strike maker BAT sees stronger H2 revenue growth in new category, combustibles
The maker of Lucky Strike and Dunhill cigarettes said it remains on track to meet its 2024 outlook of low-single-digit organic revenue and adjusted profit growth. "In the United States, I am ...Yahoo Sports - 1d -
Adidas' German headquarters raided in connection with tax investigation
Adidas' German headquarters was raided as authorities investigate a yearslong tax concern.CNBC - 1d -
Why the case against a Roth conversion gets stronger if Trump’s tax cuts continue
Break-even point for a Roth conversion is long —and extending the 2017 tax cuts could make it longer.MarketWatch - 2d -
Trump's tariffs: A tax on American consumers
President-elect Donald Trump has promised to impose across-the-board tariffs on imported goods from some allies and adversaries, claiming that foreign nations will pay such taxes to the U.S. ...CBS News - 3d -
Trump’s promise to tax imported goods could spell trouble for US auto industry
Automakers face uncertainty as top-selling vehicles, such as the Ford F-150 truck, are sourced from around the globe. Few vehicles are as emblematic of the American auto industry’s might as the ...The Guardian - 4d -
Trump’s IRS Pick Billy Long is Sweet on the Fraud-Plagued Employee Retention Tax Credit
Some lawmakers say Trump’s new pick to lead the Internal Revenue Service is “a bizarre choice.”Inc. - 5d -
Billy Long Promised Huge Tax Refunds. Now Trump Wants Him to Lead the I.R.S.
Since leaving Congress in 2023, Billy Long has peddled a pandemic-era tax credit that the I.R.S. has warned is a magnet for fraud.The New York Times - 5d -
Trump's pick for IRS commissioner, former congressman Billy Long, receives mixed response from Washington, tax community
President-elect Donald Trump will nominate former Missouri congressman Billy Long for IRS commissioner, which has received a mixed response.CNBC - 5d -
No plan for more tax rises but we can't rule it out - Starmer
The PM says voters can judge him at the next general election on whether their living standards have improved.BBC News - 6d -
UK’s largest estates pay an average of £9mn in inheritance tax
Wealthiest estates face prospect of higher rates of liability following the BudgetFinancial Times - 6d -
No need for 'large' council tax hikes - Robison
The finance secretary says a record funding deal should prevent an increase - but the decision will rest with local authorities.BBC News - 6d -
Ending Trump’s 2017 Tax Cuts Won’t Effect GDP, Budget Office Finds
Key provisions of the returning president’s 2017 Tax Cuts and Jobs Act will expire next year if Republicans don’t renew them.Inc. - 6d -
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Number of people caught in 60% ‘tax trap’ up 45% in two years
Rise for taxpayers earning more than £100,000 blamed on frozen thresholds and wage inflationFinancial Times - 6d -
Trump’s populist 'mandate' could disrupt business tax reform wish list
Congress, and the GOP, has changed since then-President Trump and Republicans crafted the 2017 Tax Cuts and Jobs Act. And while Speaker Mike Johnson (R-La.) and GOP leadership are gunning to get a ...The Hill - 6d -
Top Republicans collide on strategy for Trump tax agenda
House and Senate Republicans are clashing over how to advance President-elect Trump's tax agenda after incoming Senate Majority Leader John Thune (R-S.D.) offered a plan that would put off tax ...The Hill - 6d -
How Jensen Huang, CEO of Nvidia, Is Avoiding Billions in Taxes
The chief executive of Nvidia, Jensen Huang, has taken advantage of popular loopholes in the federal estate and gift taxes, which have quietly been eviscerated.The New York Times - 6d -
On Trump tax cuts, energy and immigration plans, clash emerges between House, Senate GOP leaders
Jason Smith, Chair of House Ways and Means, tells CNBC that his voting majority will be extremely slim for passing President-elect Trump's tax cut promises.CNBC - Dec. 5 -
Ireland urged to set aside more of its corporate tax windfall
Country’s independent fiscal watchdog calls for Norwegian-style approach to saving surplus cashFinancial Times - Dec. 5 -
What happens if Trump ends the electric vehicle tax credit?
President-elect Donald Trump has signaled he wants to end the $7,500 tax credit for electric vehicle buyers. Albert Gore III, executive director of the Zero Emission Transportation Association, ...CBS News - Dec. 4 -
Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds
A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.The New York Times - Dec. 4 -
Deutsche Bank chief calls for relief on regulation and ‘rethink’ on tax
Call comes amid discontent with Germany’s ruling coalition ahead of snap election in FebruaryFinancial Times - Dec. 4 -
These parts of Trump's tax cut law expire in 2026
The 2017 Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to individual taxes to limit the bill’s expansionary effects on the ...The Hill - Dec. 4 -
Judge in Hunter Biden's tax case accepts pardon despite calling it 'unconstitutional'
Two days after President Biden issued a blanket pardon to his son Hunter Biden, the younger Biden's federal gun case has been terminated by the judge overseeing the case.ABC News - Dec. 3 -
Judge in Hunter Biden tax case rebukes president’s claims of unfair treatment
The federal judge overseeing Hunter Biden’s tax case issued a sharp rebuke of President Biden’s claims his son was unfairly prosecuted in new court filings Tuesday night. U.S. District Judge Mark ...The Hill - Dec. 4 -
Thune lays out plan for separate border and tax reconciliation bills
Incoming Senate Majority Leader John Thune (R-S.D.) laid out an ambitious plan at the Senate Republican retreat Tuesday for Congress to move first next year on a budget reconciliation package that ...The Hill - Dec. 3 -
Hospital group launches ad campaign for disaster relief tax credits
A major hospital trade group launched a six-figure ad campaign this week calling on Congress to extend disaster relief tax credits that the group says will help facilities recover from hurricanes ...The Hill - Dec. 3 -
Mega Millions jackpot hits $541M: What's the tax bill?
Someone could become a millionaire Tuesday night.The Hill - Dec. 3 -
7 tips from a tax influencer as she approaches retirement at 70
Phyllis Jo Kubey is still on a continuing education journey as retirement loomsMarketWatch - Dec. 3 -
The case for Honeywell breaking itself up gets even stronger after its Bombardier deal
Jim Cramer said Tuesday that Honeywell's partnership with Bombardier is "Exhibit A" for why Elliott's breakup push is correct.CNBC - Dec. 3 -
Trump’s tax plans: Housing credits ‘in play,’ and there’s buzz over a short extension for expiring cuts
One veteran analyst is predicting that housing tax credits will get included in the GOP’s big tax package next year. Separately, some GOP lawmakers reportedly have talked about using the package to ...MarketWatch - Dec. 3 -
Special counsel objects to dismissing Hunter Biden tax case after pardon
Special counsel David Weiss rejected suggestions that he selectively prosecuted Hunter Biden in court filings where he also objected to dismissing charges following a sweeping pardon. President ...The Hill - Dec. 2
