GOOD QUESTION: Why Does Uncle Sam Hate American Expats? I was talking the other day with a former student who practices law in Germany now, and she said her tax preparer quit because of the complexities of U.S. tax law for expats. It’s also hard for Americans to get bank accounts abroad, even when they’re […]
Hilton Worldwide Holdings Inc. is in talks to buy four properties from Blackstone Group LP and other owners to defer tax payments from its $1.95 billion sale of New York's Waldorf Astoria hotel,... To view the full story, click the title link.
Federal prosecutors in Manhattan on Monday sued Deutsche Bank, claiming that it owes the United States government about $190 million in unpaid taxes, penalties and interest. Prosecutors contend the tax liability stems from a transaction that Deutsche Bank undertook 14 years ago. Show More Summary
George Osborne set corporation tax on the condition that talks be resolved and fiscal responsibility be shown. A ‘Peace Fund’ sweetener is on the table too. Sinn Fein has counter-conditioned with a “shopping list” of demands. Here’s this weeks cartoon offering in response to events.
While consumers rejoice at lower gasoline prices, states with fuel taxes that increase or decrease with the wholesale price of gasoline or the inflation rate are struggling to deal with declining revenues.
We talked about how some enterprising political party could put together an economic agenda that could include something more than the Earned Income Tax Credit and that agenda might include a discussion about why so many people who should be entitled to overtime pay don’t get any. I started thinking about overtime pay because my [Read more...]
Hockey is right, of course: The Treasurer is holding out against proposals for new tax measures to fill a…
Sen. Rand Paul’s (R-KY) argument that a cigarette tax led to Eric Garner’s death didn’t hold up for Daily Show host Jon Stewart on Thursday night. “What the fck are you talking about?” Stewart asked after playing footage of Paul’s remarks. “I guess now we...
Talk radio host Rush Limbaugh blasted the death of Eric Garner as "out of proportion," ripped New York City officials for killing someone "over a tax collection issue," and wondered "what kind of orders" would send police after a "poor guy trying to eke out a living" on Thursday. Show More Summary
Working in retail can be a pretty taxing job at times, which is why having a manager with a good-natured sense of humor can be a real relief. With this in mind, employees at one particular Target must have appreciated their boss’s efforts...Show More Summary
Anyone who thought the devolution of corporation tax was mainly a business issue, rather than an intensely political one, can think again. By linking any move on corporation tax to achieving progress in the inter-party talks, GeorgeShow More Summary
Worried about the upcoming tax season? So are IRS Commissioner John Koskinen and National Taxpayer Advocate Nina Olson. I sat down with both of them to talk about challenges for the upcoming season, including coping with budget cuts, increased compliance concerns due to ACA, FATCA and the extenders and a delay to the tax season.
The Obama team has the duty to either drop the individual mandate or promote it heavily. Moving the open enrollment period to tax season would definitely be a good way to draw extra attention to it.
Apparently a lot of folks are not happy about proposals to extend the 55 or so tax breaks that expired at the end of 2013. Actually, that's good news. It at least means that people are talking taxes. The big issue is whether to do away...Show More Summary
By Michael Rose, Bloomberg BNA Although the Affordable Care Act's excise tax on high-value health-care plans will not take effect for more than three years, unions and employers are increasingly dealing with the issue in collective bargaining today, according to observers and stakeholders contacted by Bloomberg BNA.
I'm going to take a real wild guess that our compliant corporate media talking heads will treat this as gospel. Because the winners are always right, amirite? When Republicans took control of both houses of Congress earlier this month, they won an important new power: They can change how Congress does math. Seriously. Show More Summary
There is a lot of talk about federal income tax these days, but do you know the truth about who pays what?
The Budget Goes Left: Ansel Herz talks about all the good stuff in the city budget. A Millionaire's Tax in Seattle? Yes, please! " I say 'b#%t!' to that" School size issues are making a suburban mom swear like she's a Stranger writer. What's...Show More Summary
The word is out that the government will grant Stormont control over corporation tax when the Chancellor makes his Autumn Statement on 3 December. Peter Robinson is talking with the confidence of a done deal. David Cameron gave a broad hint this morning as he was grilled by all the select committees chairs in the more...
Thursday: Opinions on the plastic bag tax, a warmer day, and a silent performance group.