"Trump said he knows where the loopholes are, but so far he hasn't proposed closing any of them," Mr. Rosenthal said. "Maybe he will. But so far he hasn't made any of the hard decisions that would show he's willing to close the loopholes that benefit him in order to make the tax code more fair and efficient."... Show More Summary
ABC News, President Scraps Tax Plan, Timetable Threatened Americans For Tax Fairness, Close Offshore Tax Loopholes Bloomberg, Gary Cohn Says White House Will Push ‘One Cohesive’ Tax Plan Bloomberg, Is Trump's Tax-Cut Tactic Based on an Error? Bloomberg, Sorry America, Your Taxes Aren’t High Bloomberg, Republicans Hold Weak Hand for...
The tax code is complicated. It’s dense, hard to understand and sometimes seems pointlessly convoluted.
Bloomberg: Mnuchin May Have Used Tax Loophole Obama Attacked, by Zachary Mider: Steven Mnuchin, Donald Trump’s nominee to lead the U.S. Treasury Department, may be taking advantage of a loophole that allows the nation’s richest families to shield their wealth from estate taxes for generations into the future. Mnuchin placed...
Republicans don't vote for tax increases, but they do sometimes go for "loophole closing."
Donald Trump “proudly acknowledges he did not pay a dime in federal income taxes for years on end. He insists he merely exploited tax loopholes legally available to any billionaire — loopholes he says Hillary Clinton failed to close during [...]
OECD, Corporate Tax Reform Package: The corporate reform package proposal published on 25th October, 2016 provides three new proposals to provide for a more modern and fairer tax system for business, to close loopholes between EU countries and non-EU countries, and to provide new dispute resolution rules to relieve problems...
Closing tax loopholes has been a big issue during this election. As a capitalist and former professor of tax, I’m against simplifying the tax code. The complexities of the system ensure that savvy business people use the law to their advantage and that Uncle Sam does not get more than he deserves. Show More Summary
Though the Republican nominee agrees the tax code is unfair, he has proposed nothing to eliminate any of the rules that allowed him to amass a fortune.
Find out exactly how the Democratic presidential candidate expects to change the U.S. tax system.
In 2002, Senator Hillary Clinton joined the Senate majority voting to close the loophole. But lucky for Trump, the legislative fix wasn't retroactive.
With about a month left in the 2016 Presidential election campaign, Donald Trump and Hillary Clinton have started to hammer home their stances on important policies. Few issues inspire more controversy than taxes, and the philosophical...Show More Summary
Sanders may not be the nominee, but that's not stopping him from taking on Trump.
The candidate's plan calls for raising taxes on the wealthy and closing loopholes.
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Clinton wants to close some of the loopholes Trump used. The GOP nominee wants to create more.
It appears that Donald Trump successfully lost $915 million in 1995. We say "successfully" because it allowed him to avoid paying federal income taxes for up to 18 years (at $50 million per year) and it may not have cost him a cent. How...Show More Summary
The Latest on the presidential race between Republican Donald Trump and Democrat Hillary Clinton (EDT): 10:00 a.m. Rudy Giuliani, a close adviser to Donald Trump, says the Republican candidate is … Click to Continue »
Rudy Giuliani, a close adviser to Donald Trump, says the Republican candidate is a "genius" if he avoided federal income taxes and noted that poor people can take advantage the same tax "loophole." Chris Christie says a new report showing...Show More Summary
The New York Times has recently published two opinion pieces, which argue opposite sides of the issue of the carried interest tax loophole. The first, Close My Tax Loophole, is by Alan Patricof, a co-founder and managing director of Greycroft, a venture capital firm. Show More Summary