Freedom Caucus backs two-track strategy to tackle Trump border and tax agenda
The hard-line conservative House Freedom Caucus supports a two-step approach to tackling parts of President-elect Trump's agenda, including the border, taxes and energy, amid intraparty conflict over the approach. influential caucus said in a letter On Friday, he urged House Speaker Mike Johnson (R-Louisiana) to pass a “fully offset” and “focused” border settlement in January, […]
Supreme Court to hear dispute over Catholic group, Wisconsin tax exemption
The Supreme Court agreed Friday to take up a Catholic charity's efforts to qualify for religious exemption from Wisconsin's unemployment tax system. Although Wisconsin exempts employers “operated primarily for religious purposes,” Catholic Charities employs non-Catholics, does not seek to instill the Catholic faith in its participants, and does not seek to instill the Catholic faith […]
Morning Glory: The risk Republicans run by delaying tax legislation
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Argentina’s Javier Milei Announces 90% Tax Reduction in 2025
Argentina's President Javier Millay announced on Wednesday that his government is preparing a structural tax reform that will abolish 90% of existing taxes in 2025. Milley announced the plan, along with other policies she aims to implement in her second year in office, marking the end of her first year in office. That included plans […]
We’ll Probably Have 2 Reconciliation Bills, Haven’t Decided if Tax Plan Is Done Right Away or We Wait
In an interview that aired on Tuesday's broadcast of FOX News Channel's “Special Report,” House Speaker Mike Johnson (R-Louisiana) said, “There will probably be at least two settlement packages. So at this point… The decision is where does the tax part fit in? Do we do that first or do we wait a few months […]
Tax professional breaks down what to do now ahead of tax season – KOCO Oklahoma City
Tax experts explain what you should do now before tax season Oklahoma Institute of CPAs looks to 2025 Updated: December 10, 2024 7:39am CST And next Monday. Kylie. Okay, Joseph, thank you. Well, as the end of the year approaches, we're learning even more. Many people are looking ahead to next year and tax season. […]
Juan Soto saves about $8 million in state income tax with Mets signing bonus
Juan Soto could take advantage of an interesting tax loophole in his monster contract with the Mets. Soto and the Mets agreed to a 15-year deal worth $765 million in a blockbuster deal that shook the sports world. This was reported by the newspaper's reporter John Heyman. Soto received a $75 million signing bonus, but […]
Senate Republicans Could Put Trump’s Trade Agenda at Risk by Delaying Tax Cuts
Republicans risk economic downturn by delaying tax cuts Overview Republican legislative agenda That's because as President Trump's second term begins to take shape, key decisions could send worrying signals to businesses and consumers. Party leadership appears to be leaning toward delaying the maintenance or extension of tax cuts in favor of other priorities. Senator John […]
Senate Democrats gauging interest in bill to extend tax benefits to Taiwanese companies
Senate Democrats are considering a bill that would give tax breaks to Taiwanese companies and are gauging interest in using a fast-track process to pass the bill. The tax breaks for Taiwan were included as a provision in a larger tax bill that passed the House by a wide margin earlier this year but failed […]
UAE corporate tax: Large multinational companies to pay 15 percent top-up tax in 2025 – Economy Middle East
UAE considering introducing R&D tax incentives to boost R&D activities The UAE has announced new taxes on large multinational companies in its latest amendments to its corporate tax law. Following the issuance of Federal Decree Law No. 60 of 2023, the national minimum surcharge will come into effect in the UAE from financial years beginning […]