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 […]
Arizona Gets a Win in Court Challenge to Biden COVID Funds Tax Restriction
Estimated Reading Time: 2 minutes A federal appellate court dealt President Joe Biden a loss Thursday, ruling that Arizona can challenge the administration’s rule prohibiting states from using COVID-19 funds to lower taxes. Biden rallied support and passed the American Rescue Plan Act in March of last year. That law provided funding for states to […]
Biden Touts New Budget With Tax Hikes, Critics Push Back
Estimated Reading Time: 3 minutes President Joe Biden released his 2024 budget Thursday [3/9] that includes a trove of tax hikes, quickly sparking pushback from critics. The White House said the budget will cut deficits by nearly $3 trillion over the next decade. Critics argued that despite those cuts, the national debt is still soaring, […]
Here's how to get a refund for remote earnings tax in St. Louis City – KSDK.com
ST. LOUIS — Thousands of people may soon be able to get refunds after the city of St. Louis recently settled a lawsuit over income taxes. Residents who live in the city of St. Louis pay a 1% income tax. People who live outside the city but whose employers are based in St. Louis also […]
IRS issues rare apology to billionaire Ken Griffin over tax records leak – New York Post
The Internal Revenue Service has issued an unprecedented apology for leaking billionaire investor Ken Griffin’s tax returns to the press. The apology comes after the Citadel CEO settled a lawsuit he filed against the IRS in 2022 on Monday. The suit alleges that an IRS employee illegally leaked his tax returns to the news site […]
Kenya’s president backtracks on tax increases after deadly protests shake nation
Kenyan President William Ruto has announced he will not sign a finance bill that proposes new taxes following deadly protests across the country. The bill was intended to raise funds to repay the debt but faced widespread opposition from Kenyans already struggling with economic hardship. The military was deployed following protests on Tuesday, with Prime […]