St. Louis settles earnings tax case, will allow refunds for pandemic years – St. Louis Post-Dispatch
Attorney Mark Milton, center, surrounded by four of his six clients and with co-counsel for the plaintiffs, Bevis Schock, told reporters at their Clayton office on Friday, June 14, 2024, that they had won their three-year battle against the city of St. Louis in their income tax case. Photo by Laurie Skrivan, lskrivan@post-dispatch.com By Laurie […]
Americans Suffered $7B In Tax Penalties Last Year Following Biden Admin’s Additional Funding Of IRS, Thousands Of Added Positions
(Photo by Zach Gibson/Getty Images) OAN’s Brooke MalloryFriday, June 14, 2024 3:11 PM The Internal Revenue Service reportedly assessed $7 billion in additional tax penalties last year, nearly four times the $1.8 billion it assessed in 2022 following the Biden administration’s push to fund the IRS and beef up enforcement. advertisement In 2022, the Biden […]
Trump’s tariffs-only tax plan is brilliant politics
As he attempts to reclaim his old job, former President Donald Trump teased a new tax plan this week that would see the personal income tax abolished and replaced by an increase in tariffs. Trump has an interesting history with tax policy. He notably signed a massive tax cut for individuals and corporations in 2017. […]
Biden to propose new partnership rules as tax battle heats up
As the fight over how to tax the economy intensifies ahead of the election, President Biden is proposing new rules to go after wealthy tax evaders. The new rules target businesses designated as partnerships, which have proliferated as tax havens over the past decade and are subject to an entirely new division created by the […]
Ninth Circuit to Hear Challenge to L.A.’s Failing ‘Mansion Tax’
The U.S. 9th Circuit Court of Appeals has agreed to hear a challenge to Measure ULA, a November 2022 ballot initiative in Los Angeles that would tax the sale of luxury real estate to fund affordable housing that has fallen short of targets. As Breitbart News reported in early 2023, the ULA bill would have […]
Trump floated replacing income tax with tariffs: GOP Rep Thomas Massie
Former President Donald Trump on Thursday floated the idea of repealing the income tax and replacing it with tariffs as the government’s main source of revenue, according to Republican lawmakers. The proposal was made as Trump, 77, the presumptive Republican presidential nominee, held a jokey “pep talk” with Republican lawmakers on Capitol Hill for his […]
Trump reportedly floats idea of abolishing income tax
Former President Donald Trump had floated the idea of abolishing income taxes and relying instead on tariffs, Republican Reps. Thomas Massie (R-Ky.) and Marjorie Taylor Greene (R-Georgia) suggested in a post on X. “The most interesting policy idea coming out of this morning’s Republican meeting at the Capitol Hill Club was when Trump briefly floated […]
Trump floats cutting corporate tax rate in meeting with CEOs
Former President Trump proposed further cuts to corporate tax rates at a business roundtable event on Thursday with some of the country’s most influential corporate executives, according to attendees. Shortly after the former president’s presentation, White House Chief of Staff Jeff Zients also gave an interview before the CEOs. The Business Roundtable reported last week […]
Foreigners are frantic about Thai income tax blurs – Pattaya Mail
Many retired expats believe that income tax clarification is already overdue. editorial The Thai government expects the Revenue Department to collect an additional 100 billion baht to fund the digital wallet distribution plan. This clarifies why, from 1 January 2024, taxable foreign income remitted to Thailand by tax residents (Thais or foreigners residing in Thailand […]
N.J. tax preparer who created phony returns to collect $4.49M is sent to prison – NJ.com
An Essex County tax preparer has pleaded guilty to illegally collecting $4.49 million in tax refunds and been sentenced to nearly five years in prison, U.S. Attorney Philip R. Selinger announced Wednesday. Omar Kartel, 33, of Fairfield, was sentenced to 57 months in prison after pleading guilty Jan. 23 to conspiracy to commit wire fraud […]