Samsung Challenges India’s $520 Million Tax Directive, Accuses Reliance
New Delhi: Samsung has petitioned an Indian court to challenge a $520 million tax assessment related to the misclassification of imported networking equipment. The company asserts that officials are aware of the long-standing import practices, as similar elements have been imported by Indian firms for years. This action makes Samsung the second prominent foreign entity […]
Trump must finalize trade agreements and implement tax cuts to prevent economic hardship.
President Donald Trump’s strategy involving tariffs is clearly pushing some nations away from the negotiation table. It’s crucial for his team to act swiftly to prevent a chain reaction of political and economic issues. If they take too long, the consequences of delay could outweigh the benefits of easing up on some trade terms. Leaders […]
Wife’s Tax Refund Taken for Husband’s Past Child Support Without Her Agreement – YourTango
For many of us, tax refunds are a lifeline each year, so it’s understandably frustrating when they’re unexpectedly reduced due to new laws or for other reasons. One woman shared her experience on Reddit, where her tax refund was seized, not because of her own mistakes but due to her husband’s outstanding financial obligations. This […]
Five of the most shocking ways the government has squandered American tax dollars
This week marked President Donald Trump’s 100th day in office, and during this time, Elon Musk’s Department of Government Efficiency (DOGE) claimed to have cut at least $160 billion in waste, fraud, and abuse within the federal administration. When Trump inaugurated the agency on his first day, DOGE set a lofty goal of trimming $2 […]
“Giving Up Is Not an Option”: Scott Jennings Urges Republicans to Finally Approve Trump’s Tax Cuts
On Thursday, Republican strategist Scott Jennings emphasized that the GOP needs to push through a tax cut for President Donald Trump, arguing that it represents not just sound policy but also a clear distinction from Democrats. Currently, Congressional Republicans are working on a budget settlement that would make the tax cut Trump enacted in 2017 […]
Inland Revenue Department distributes 2.66 million tax forms for 2025 – Dimsum Daily
On May 2, 2025, Benjamin Chang Zhe Wei, a member of the Inland Revenue Committee, shared that the department has issued a total of 2.66 million individual tax forms this year. This breakdown includes about 790,000 electronic forms and roughly 1.87 million paper forms. As part of the 2024/25 assessment period, Chang is urging taxpayers […]
Long Island Republicans want audit of MTA, LIRR after latest tax squeeze from cash-strapped agency
Long Island Republicans have denounced the Metropolitan Transportation Agency's latest tax conditions on suburban businesses. On Thursday, they called for an audit of chronically cash-bound institutions. The comments come after Gov. Kathy Hochul and state legislators signed a deal to try and raise state payroll taxes again to promote the MTA's massive $68 billion capital […]
Bill that would change South Carolina income tax law advances, but with some changes – WLTX
Lawmakers are hoping to approve alternative plans for tax cuts, ultimately leading to the abolition of state income taxes. SC Columbia – a invoice Overhaul of South Carolina's income tax system will head to the House floor after clearing the Road and Means Committee with 17-6 votes. The measure maintains a tiered tax structure, but […]
Trump’s flirtation with millionaire tax increase gets strong pushback from the right
President Trump is gaining heat from his right flank to declare he loves the concept of billionaires’ tax cuts, despite saying he knows it will be used against him politically. Trump made a declaration in an interview with Time Magazine and then quickly distanced himself from the proposal to raise the marginal tax rate for […]
Trump floats income tax cut to ease tariff impact
President Trump raised a new income tax cut on Sunday as a way to mitigate the impact of his drastic tariffs. “If tariffs are cut, it could significantly cut income taxes for many people and perhaps completely eliminate them,” Trump wrote in a post on his true social platform on Sunday. “The focus will be […]