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
President Trump, as part of his “America First” program, has proposed lowering the US corporate tax rate to 15 percent and to close a myriad of loopholes in an effort to simplify the tax code, and to also encourage the nation’s largest businesses to bring production back home.
Hedge fund managers and private equity executives could benefit if a loophole Donald Trump promised to close is replaced by a lower corporate tax rate.
"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.