The Senate’s overhaul would tax stock options when they are vested — a burden on start-up employees. Closing the carried-interest loophole instead makes more sense.
Republican lawmakers pushing to close dozens of tax loopholes have left open one that's been good to President Donald Trump: the golf break. With Senate Republicans expected to unveil the outline for a sweeping tax rewrite on Thursday,...Show More Summary
Richard LeFrak, The LeFrak Organization chairman and CEO, weighs in on the Republicans' tax plan.
Republicans want to simplify the tax code by closing loopholes for working Americans, but not for big corporations.
The changes, which came as lawmakers in the House began officially debating the bill, would tighten rules on the earned-income tax credit and seek to close the carried-interest loophole.
It seems that after decades of neglect, the state of the U.S. reinsurance market is finally getting the attention it richly deserves.
In case you didn't notice, the Republican tax plan is tax cuts for billionaires hidden behind a curtain that says "middle class" and "cut loopholes" on it. And because taxes are complicated all a Republican congressman feels he has to...Show More Summary
EU nations are actively looking to close tax loopholes for U.S. internet multinationals.
Kellyanne Conway just sold her polling company and got to keep all the funds, thanks to a conflicts of interest loophole that let her avoid costly taxes because she belongs to the executive branch. Before Conway became the first woman to run a successful presidential campaign and slid into her...
No longer should the U.S. tax code discourage manufacturing investment. No longer should it punish savings and wealth creation. No longer should it encourage tax-cheating. No longer should it favor foreigners over Americans.
The Liberal government is bracing for a battle in the House of Commons over its decision to close tax loopholes affecting small business The post Showdown over Trudeau’s tax reforms could dominate fall sitting appeared first on Macleans.ca.
Here is what you need to know. Trump is getting ready to unveil his tax plan. President Donald Trump is expected to say that the US economy is "rigged" to favor the wealthy and that Congress should close loopholes to help Main Street. S&P says the US will maintain its AA+ rating as long as it doesn't default. Show More Summary
The NYT had a piece on efforts to reduce loopholes to ensure the government actually collects in taxes something close to the targeted rate. The piece likely left readers with the belief that it was not possible to establish such a system. Actually, it is not hard. Show More Summary
Opinion: Doctors are howling over Bill Morneau's proposed closing of tax loopholes—but few of them would actually be significantly affected The post What do doctors really have to fear from the feds’ tax crackdown? appeared first on Macleans.ca.
WASHINGTON, July 20 (Reuters) - U.S. House Speaker Paul Ryan said on Thursday that tax reform talks are nearing a consensus to lower business taxes by closing loopholes and special interest deductions, the latest sign that the unpopular proposed border tax may not be included. Read more... Permalink | Email this | Linking Blogs | Comments
The new tax law closes the loophole by forcing retailers that don't collect sales tax to report the amount that Colorado customers spend The post What Does the New Colorado “Amazon” Tax Mean for You? appeared first on IRS & State Tax News, Tips, Opinions and More.
OECD, Ground-Breaking Multilateral BEPS Convention Signed at OECD Will Close Loopholes in Thousands of Tax Treaties Worldwide: Ministers and high-level officials from 76 countries and jurisdictions have signed today or formally expressed their intention to sign an innovative multilateral convention that will swiftly implement a series of tax treaty measures...
"The gross cost is $7.5 trillion and that perhaps the government could earn back $2 trillion through loophole closing and base broadening. My argument is, after ruling out charitable contributions, home mortgages and a Congress that says they won't touch a health care exclusion... Show More Summary
Authored by Lance Roberts via RealInvestmentAdvice.com, Last week President Trump announced his “tax plan” which discussed lowering the corporate tax rate, closing tax loopholes, reducing individual income tax brackets and increasing standard deductions. Show More Summary