Josh Shapiro cabinet official subpoenaed for Pennsylvania tax records
ALLENTOWN, Pa. — A Pennsylvania Senate committee voted Wednesday to subpoena cabinet members of Gov. Josh Shapiro’s administration over taxpayer transparency issues, a move that could create a headache for the Democratic rising star. The state Senate Intergovernmental Operations Committee, in Allentown, Neighborhood Improvement Zones Initiative. NIZs are districts with special tax incentives created to […]
New California firearms tax prompts Second Amendment lawsuit to block ‘modern Jim Crow law’
A coalition of Second Amendment groups and two residents have filed a lawsuit to block California’s new 11% excise tax on firearms, parts and ammunition. Case, James vs Madurossought to block the tax, which took effect on July 1, arguing that the Supreme Court has previously ruled that constitutional rights cannot be subject to taxation. […]
FBR mulls options to rope in traders into tax net – Geo News
The FBR has announced a simplified fixation scheme based on valuation of stores, which aims to generate tax revenue for 3.6 million retailers. A man carries a bag on his shoulder as he walks through a market in Karachi, Pakistan, on June 11, 2024, to deliver supplies to a nearby store. — Reuters […]
IRS has taken nearly 2 years to help tax identity theft victims get their refunds – CNBC
Erin Collins, National Taxpayer Advocate with the Taxpayer Advocate Service, speaks during a Senate Appropriations Subcommittee hearing in Washington, DC on May 19, 2021. Bloomberg | Bloomberg | Getty Images The IRS is facing a growing number of tax identity theft cases, but the agency is working on “a variety of improvements” to speed up […]
Netflix, Disney ask Canada court to stop proposed tax on streaming revenue: report
Major U.S. video streaming services including Netflix and Disney have asked a Canadian court to block a plan to force authorities to use 5% of their domestic sales to fund local news broadcasts and other domestic content. The Motion Picture Association of Canada, which represents streaming distributors, said last month’s order by the Canadian Broadcasting […]
Richard Nixon helped helped Ronald Reagan pass tax cuts
Among the political insiders is Ken Khachigian. A longtime aide to President Richard Nixon and chief speechwriter for President Ronald Reagan, Khachigian was present at some of the key moments in U.S. history. His new book, “Behind Closed Doors: In the Room with Reagan & Nixon” (Post Hill Press, July 23), offers readers unprecedented access. […]
Labour Looks to Use Inheritance Tax to ‘Redistribute’ Wealth
A Labour government in power could enforce inheritance tax to “redistribute” wealth, a leaked recording of a shadow frontbencher has suggested. Darren Jones, shadow chief secretary to the Treasury, told the public conference that money from punitive taxation should be used to tackle “generational inequality”. The leaked recording includes: report By The Daily Telegraph“There are […]
US Treasury finalizes crypto rules to prevent tax evasion – Engadget
People who own and sell cryptocurrency already have to pay tax on the proceeds, but the new rules mean Confirm The new rules will require crypto platforms, including exchanges and payment processors, to report users’ transactions to the IRS. The Wall Street JournalOfficials hope the move will help the IRS get an accurate picture of […]
Feds Have Showered Blue State With Tax Dollars to Fix Homelessness. It Keeps Getting Worse.
Estimated Reading Time: 4 minutes A plethora of federal agencies have spent well over $200 million attempting to alleviate homelessness in Washington state over the past 17 years, only for the number of people living on the streets to keep rising. Federal agencies like the Department of Housing and Urban Development, the Department of Veterans Affairs, and […]
US, India extend digital tax truce to Sunday as deadline approaches – Yahoo Finance
David Loader (Reuters) – The United States and India have extended until Sunday a tentative agreement on U.S. retaliation over India’s digital services tax, coinciding with a looming deadline for an international agreement that reallocates taxing powers to the world’s largest and most profitable companies, the U.S. Treasury Department said on Friday. In a brief […]