Latest in Tax Loophole
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Trump’s crackdown on trade loophole to hit Shein and Temu — and help Amazon
Scrapping of ‘de minimis’ rules could slow deliveries and raise costs for Chinese groups, say analystsFinancial Times - 2d -
Temu parent PDD's stock tumbles as Trump tariffs close trade loophole
PDD-owned budget online retailer Temu and its rival Shein have relied on de minimis to maintain their rock bottom prices.CNBC - 3d -
More than a million miss tax return deadline
Thousands of people left it to the last minute before the cut-off at the end of Friday.BBC News - 3d -
Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein
President Donald Trump’s tariffs against China, Canada and Mexico target a trade provision that helped fuel the explosive growth of budget online retailers, including Temu and Shein.NBC News - 4d -
Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein
President Donald Trump's tariffs against China, Canada and Mexico target a trade provision that helped spur the rise of low-cost retailers, including Temu and Shein.CNBC - 4d -
We’re closing the loopholes that allow paedophiles to use AI to sexually abuse children | Peter Kyle
Technology has changed how predators operate. Now a raft of new offences will stop those who create heinous content escaping punishment . Technology moves fast. Legislation can be slow. For ...The Guardian - 5d -
Wine and spirits duty to rise but tax on a pint to fall
A trade body calls the rise in alcohol tax a "bitter blow", but there is better news for pub-goers.BBC News - 6d -
Millions yet to file tax returns as deadline looms
People risk a penalty, the HMRC has warned, without a reasonable excuse for delays.BBC News - Jan. 31 -
Dems launch group to hit Trump on tax cuts
Organizers say the nonprofit will be backed by an eight-figure funding campaign.Politico - Jan. 30 -
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 - Jan. 29 -
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 - Jan. 28 -
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 - Jan. 28 -
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 - Jan. 28 -
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 - Jan. 28 -
Why the IRS may be coming to tax your cryptocurrency
This is how many crypto investors evade taxes.MarketWatch - Jan. 27 -
3.4mn tax returns still to be filed as deadline looms
HMRC is taking a tougher line on fines, experts warnFinancial Times - Jan. 25 -
'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 - Jan. 24 -
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 - Jan. 24 -
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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 - Jan. 24 -
City Council Takes Aim at Adams and Ally by Closing Lobbying Loophole
New York’s City Council passed a bill to limit top city officials from lobbying city agencies after leaving government. It was inspired by Frank Carone, an adviser to Mayor Eric Adams.The New York Times - Jan. 23 -
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 - Jan. 23 -
Reeves to soften UK non-dom tax reforms
Chancellor tells Davos crowd that government had been ‘listening to concerns’Financial Times - Jan. 23 -
How is gold taxed?
Gold investments fall into several tax categories, experts say. Here's what to know this tax season.CBS News - Jan. 23 -
Trump’s assault on the global corporate tax regime
President threatens retaliation against ‘discriminatory’ levies on US multinationalsFinancial Times - Jan. 22 -
The strange loophole that transformed Berlin from tenant’s paradise to landlord’s playground | Tim White
Germany’s capital was known for its affordable rents. Now ‘furnished temporary’ flats risk destroying the heart of the city. From London and other overpriced cities, we often look to Berlin as a ...The Guardian - 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 -
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 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 -
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
