Ireland could lose pharma tax to US after Trump accusations, experts warn | Pharmaceuticals industry
The Ireland-based US pharmaceutical company is more likely to return profits to the US than close manufacturing plants after Donald Trump accused Ireland of stealing American taxes and jobs, experts say. Aidan Regan, a professor of political and economics at Dublin University, said the US president is right to call for trade imbalances created by […]
Trump threatens 200% tariffs on all alcohol from EU countries after whiskey tax
President Trump on Thursday threatened 200% tariffs on all alcohol products coming from the European Union after the US collected 50% tax on whiskey coming from the US. “The European Union, one of the world's most hostile and abusive tax and customs authorities formed for the sole purpose of using the United States, has placed […]
A government program made tax filing free and more efficient. Musk and DOGE may get rid of it anyway – The Associated Press
WASHINGTON (AP) — Mia Francis, a 22-year-old barista from Boston, filed her own taxes for the first time this year. Francis said it took 45 minutes to finish her taxes. IRS Direct File ProgramThe electronic tax return system was permanently deployed by the IRS last year in 25 states. Francis is hoping for a $530 […]
Repealing or Suspending Measure ULA, So-called ‘Mansion Tax,’ Could Help Rebuilding of L.A.
The challenges of reconstruction in Los Angeles after the catastrophic fire in January 2025 have become even more difficult due to measurements from ULA, a local voting initiative that slapped the range of assets sold worth more than $5 million in 2022. Measure ULA was sold to voters as a “mansion tax,” but in reality […]
L.A. Mayor Karen Bass Says City Considering Suspending Measure ULA Tax to Help Rebuilding
LOS ANGELES, Calif. — LA Mayor Karen Bass said Tuesday that she and the city council are considering ways to shut down ULA, a controversial property transfer tax, in an effort to rebuild the area that was destroyed by recent wildfires. Several state and federal lawsuits have put ULA's constitutionality measurements into question. Tuesday was […]
Exclusive — Sen. Tom Cotton Proposes Tax on ‘Woke’ University’s Endowments
Sen. Tom Cotton (R-AR) proposed laws Tuesday that taxes “wake-up” college donations and cancels student loans for “crime” protesters. Cotton has announced the Awakened Fund Security Tax (West) Act. This is a bill that launches a 6% sales tax on 11 American college donations, which uses revenue to repay borders and secures southern borders. “We […]
Randi Weingarten decries school choice vouchers as ‘tax credit’ for wealthy
Teachers Union boss Randy Weingarten said in a recent podcast appearance that President Donald Trump's plan to end the Department of Education would mean more funding for school choice vouchers. Weingarten's comments came in a podcast interview with Molly Jong-Fast. He spoke about the implications of Trump's spending reforms, particularly his plan to end the […]
21 House Republicans ask leadership to limit changes to energy tax credits in reconciliation
A group of 21 House Republicans are asking the key committee to limit changes to the energy tax credit passed under Democrats as the GOP aims to overhaul US tax laws. It's new Sunday lettera group of almost moderate Republicans sought changes to the energy tax credit should be “target and practical.” “The proposed tax […]
Socialist NYC mayoral candidate Zohran Mamdani plans for major corporate tax hikes
Socialist mayoral candidate Zohran Mamdani wants to raise corporate taxes to pay New Yorkers billions of dollars in freebillions, he posted in an exclusive sit-in. Queens, 33, said his socialist utopia plans include assisting with free transportation and childcare with higher taxes on businesses, establishing city-run grocery stores, freezing rent for millions of New Yorkers […]
How the IRS can crack down on ghost tax return preparers
Consider the problem Roger Ramireztax return creators who processed more than 1,000 taxpayers' tax returns over a three-year period have, among other things, significantly inflated charitable contributions, fully manufactured, and excluded employee business expenses. Yes, Ramirez was eventually caught and ordered from further practice. But his story and taxpayer exploitation is, unfortunately, a regular phenomenon […]