Taxes Storyboard
Share the Taxes Storyboard with FriendsHow Trump's IRS settlement could block tax audits of him, his family and their businesses
BBC - 21 May 2026 04:24
Some lawmakers and legal experts say the department has violated federal law with its addendum to the settlement.
You May Be Owed a Tax Refund From the Covid Era
The New York Times - 8 May 2026 16:01
A court ruling found that the I.R.S. shouldnt have charged penalties and interest during the pandemic. But the governmen...
US will be exempt from global tax deal targeting profits of large multinationals
The Guardian - 6 Jan 2026 05:00
Agreement finalised by the OECD waters down a landmark 2021 deal that set a minimum global corporate tax of 15%Nearly 15...
I.R.S. Says Churches Can Endorse Candidates From the Pulpit
The New York Times - 8 Jul 2025 05:52
In a court filing, the tax agency said a decades-old ban on campaigning by tax-exempt groups should not apply to houses ...
Treasury Secretary Scott Bessent asks Congress to strip 'revenge tax' from Big Beautiful Bill
New York Post - 27 Jun 2025 05:22
The provision would grant Trump the authority to tax foreign holdings of US investments as a way to retaliate against co...
Trump's 'revenge tax' could threaten foreign investment into US, analysts say
The Guardian - 16 Jun 2025 09:00
Concerns raised that section 899 could backfire and also undermine dollar's safe haven status Foreign investment into th...
Trump's Tax Policy Collides with Market Reality
The New York Times - 21 May 2025 16:43
Another spike in Treasury bond yields puts lawmakers in a tricky spot as they push for big cuts that could drastically s...
Republicans Lay Out Early Plans to Extend and Expand Trump Tax Cuts
The New York Times - 10 May 2025 07:32
House Republicans rolled out the first pieces of a roughly $4 trillion tax cut they hope to pass, including measures tha...
GOP senators unveil legislation to cut taxes on overtime pay in line with Trump's campaign promise
New York Post - 7 May 2025 05:12
"Potentially, for a person that's working overtime, they could save another $4,000 on taxes if this legislation is signe...
The IRS had 3 different bosses during the week taxes were due
Business Insider - 19 Apr 2025 04:03
After another leadership shakeup at the IRS, Michael Faulkender on Friday became the fifth leader of the IRS since Janua...
Top US companies spent three times as much on buybacks than on taxes after Trump tax cuts - report
The Guardian - 9 Apr 2025 15:00
As president proposes new cuts, data shows 11 corporations collectively recorded nearly $500bn in profits since last cut...
Republicans Want to Make the Trump Tax Cuts Last Forever
The New York Times - 6 Apr 2025 13:01
Senate Republicans are hoping to ice Democrats out from deciding the fate of President Trump's 2017 tax cuts, a move tha...
Senate approves Republican plan for trillions in tax breaks and spending cuts
The Guardian - 5 Apr 2025 17:20
Vote fell mostly along party lines and now goes to the House, where it could be voted on as soon as next week Senate Rep...
IRS workers 'paralyzed' by DOGE's massive cuts claim Elon Musk's budget busters are reshaping the ag...
Daily Mail - 16 Mar 2025 06:37
Elon Musk's Department of Government Efficiency has stormed into the IRS, slashing thousands of jobs, shutting down taxp...
DOGE accessing 'the motherlode' of Americans' private IRS data raises serious questions. We've got a...
Market Watch - 20 Feb 2025 03:00
The data system DOGE wants access to includes people's bank account information, Social Security numbers -- and whether ...
Elon Musk Calls for 'Massive Reset' of US Tax Regulations--Says They're 'Torturing' Americans
Bitcoin.com - 4 Feb 2025 04:30
Elon Musk says the U.S. tax code is torturing Americans, demanding an urgent reset while slamming wasteful government sp...
Biden Looks to Raise Taxes on Wealthy and Corporations to Shave Deficit
The New York Times - 10 May 2024 18:58
Lael Brainard, the director of the National Economic Council, said lawmakers should raise taxes on companies and the wea...
Ex-IRS Contractor Pleads Guilty In Leak Of Trump's Tax Return Information
The Huffington Post - 13 Oct 2023 04:13
A former IRS contractor charged with leaking tax information to news outlets about former Donald Trump and thousands of ...
IRS Contractor Charged With Leaking Tax Records Of Wealthiest Americans And 'High-Ranking Government...
Forbes - 30 Sep 2023 02:35
Former President Donald Trump is reportedly the "high-ranking" official.
'They can survive just fine': Bernie Sanders says income over $1bn should be taxed at 100%
The Guardian - 2 May 2023 09:00
The independent Vermont senator argued against unfettered capitalism in an interview with journalist Chris Wallace The U...
Trump Organization Fined $1.6 Million for Evading Taxes
The New York Times - 13 Jan 2023 18:55
The Trump Organization must pay $1.6 million for giving executive off-the-book benefits and pay.
Trump's tax returns released by Congress shine unflattering light on global businesses
NY Daily News - 31 Dec 2022 04:41
The documents show how Trump used the tax code to lower his tax obligation and reveal details about foreign accounts, ch...
Donald Trump's tax returns expected to be released by House on Friday
NY Daily News - 30 Dec 2022 04:36
The House Ways and Means Committee, which is due to shift into Republican hands when the upcoming Congress begins in fiv...
Law requiring presidential tax audits passes House after Trump report bared 'major failures'
NY Daily News - 24 Dec 2022 03:12
It's unlikely to even get a hearing in the Senate, where lawmakers have already left Washington D.C. for the end-of-year...
Trump's Taxes: Red Flags, Big Losses and a Windfall From His Father
The New York Times - 22 Dec 2022 05:51
The presidency of Donald J. Trump, a congressional report reveals, was marked by some of the same questionable tax maneu...
I.R.S. Routinely Audited Obama and Biden, Raising Questions Over Delays for Trump
The New York Times - 22 Dec 2022 04:42
The revelation that the agency had not audited Donald J. Trump during his first two years in office despite a mandatory ...
IRS failed to conduct timely mandatory audits of Trump's taxes while president
The Guardian - 21 Dec 2022 17:42
Internal Revenue Service only began audit after prompting from Congress in 2019, House ways and means committee indicate...
Trump Organization Finance Chief Details the Birth of Tax-Fraud Scheme
The New York Times - 18 Nov 2022 05:44
Allen H. Weisselberg came close to tears as he told how money for cars, apartments and tuition was camouflaged in the le...
IRS Releases Inflation-Adjusted Tax Rates for 2023
The New York Times - 19 Oct 2022 04:39
Filers whose salaries have not kept pace with inflation could see savings on their federal income tax bills.
Global Minimum Tax Suffers Fresh Setback as EU Fails to Agree on Implementation
Wall Street Journal - 17 Jun 2022 18:37
Hungary vetoed a European Union agreement to implement the minimum tax rate on company profits, which is also stalled in...
Biden will reportedly propose a 'billionaire minimum income tax' in his budget
Business Insider - 27 Mar 2022 07:57Biden Budget Seeks Minimum Tax On Households Worth $100 Million
The Huffington Post - 27 Mar 2022 07:42
The introduction of the minimum tax on the wealthiest Americans would represent a significant reorienting of the tax cod...
A Global Tax Deal Is at Hand. Here's How It Would Work.
The New York Times - 30 Oct 2021 03:37
President Biden will sign on to an international pact aimed at ending profit-shifting by large companies. Here's a look ...
How the proposed billionaires' income tax would work
ABC News - 28 Oct 2021 02:43
Democrats have proposed the tax to raise money for the infrastructure bill.
Democrats Hammer Out Novel Plan to Tax Billionaires and Corporate Giants
The New York Times - 27 Oct 2021 05:20
New proposals would fund social and climate programs by tapping billionaires' unrealized gains and by ensuring that the ...
Dems plan billionaires' unrealized gains tax to help fund $2T spending bill
New York Post - 25 Oct 2021 05:34
Biden's spending package continues to stall as senior Democrats are hoping to finalize a proposal on a new annual tax on...
Democrats Back Away From Raising Tax Rates to Pay for Agenda
The New York Times - 21 Oct 2021 03:38
Responding to concerns from a key centrist, Senator Kyrsten Sinema of Arizona, the White House and leading Democrats are...
Sunak 'planning £2bn in cuts and the UK's highest peacetime tax rate'
The Guardian - 12 Oct 2021 03:01
Chancellor on track to impose a package of manifesto-busting tax increases at this month's budget, says IFS Rishi Sunak ...
US treasury secretary Yellen: global minimum corporate tax will pass
The Guardian - 10 Oct 2021 18:18
Minimum global corporate rate of 15% agreed by 136 countries as Yellen also says US will raise debt ceiling on 3 Decembe...
Ireland joins OECD tax agreement, ends status as tax haven for multinationals
AppleInsider - 8 Oct 2021 05:04
Ireland on Thursday announced that it will join an Organization for Economic Cooperation and Development agreement that ...
From Claudia Schiffer to Shakira - the rich and famous faces caught up in the Pandora Papers leak
Daily Mail - 4 Oct 2021 05:31
The famous faces are all said to have created offshore companies in tax havens including the British Virgin Islands. Ita...
Finance Leaders Reach Global Tax Deal Aimed at Ending Profit Shifting
The New York Times - 5 Jun 2021 15:37
The Group of 7 nations reached an agreement over a global minimum tax that companies would pay regardless of where they ...
G7: Rich nations confident on reaching tech tax deal
BBC - 5 Jun 2021 07:02
German finance minister Olaf Scholz says a minimum tax deal agreed by the G7 will "change the world".
President Biden earned $607K in 2020, paid 26% in federal taxes, returns show
USA Today - 18 May 2021 06:22
Biden's transparency on taxes continues a break from former President Donald Trump, who refused to release his tax retur...
Biden Will Seek Tax Increase on Rich to Fund Child Care and Education
The New York Times - 23 Apr 2021 03:43
The president's American Family Plan, which remains in flux, does not currently include an effort to expand health cover...
President Biden's Restriction On State Tax Cuts Challenged In Court By Multiple Attorneys General
Forbes - 1 Apr 2021 06:59
In an effort to thwart tax relief for his own constituents, Senator Joe Manchin has forced attorneys general in other st...
Biden to propose $2 trillion infrastructure, jobs plan funded by corporate tax hike
USA Today - 31 Mar 2021 15:28
The White House is comparing President Joe Biden's infrastructure proposal to the construction of interstate highways an...
Trump Must Turn Over Tax Returns to D.A., Judge Rules
The New York Times - 20 Aug 2020 18:22
A federal judge rejected the president's argument that a subpoena seeking eight years of his tax returns was 'wildly ove...
: Jeff Bezos, Elon Musk would pay tens of billions each under this whopping one-time tax proposal
Market Watch - 7 Aug 2020 05:38
A new bill co-sponsored by Sen. Bernie Sanders would impose a one-time windfall tax on the wealth that billionaires have...
Angry South Korean Crypto Traders Threaten to Quit over New 20% Tax
Crypto News - 25 Jul 2020 04:00
Active crypto traders in South Korea said they are prepared to walk away from the scene forever - slamming "unfair" 20% ...
Bernie Sanders' tax returns reveal his millionaire status
CBSNews - 17 Jul 2020 07:11
2020 Democratic hopeful Sen. Bernie Sanders got cheers during a town hall on Fox News Monday while discussing his "Medic...
Biden wants Amazon to 'start paying their taxes'
USA Today - 23 May 2020 02:49
Amazon has become a popular political football to kick on several issues
Government response updates: Trump moving Tax Day to July 15, says Mnuchin
ABC News - 20 Mar 2020 18:56
President Donald Trump is expected to give another briefing on his coronavirus response and field questions on new econo...
Facebook owes $9B in taxes related to Ireland deal, IRS says - CNET
CNET - 20 Feb 2020 06:03
Tax agency says social network undervalued intellectual property sold to subsidiary in 2010.
It's official: Trump's tax cuts were an economic bust
Business Insider - 1 Feb 2020 18:48
US GDP grew by 2.3% in 2019, well below President Trump's promise of 3% growth. The most recent GDP number also proved t...
Amazon's Tax Claims Are Riddled With Bullshit
Gizmodo - 1 Feb 2020 02:44
Despite deserved outrage for paying effectively $0 in federal income taxes two years running, Amazon would like us to be...
Macron and Trump declare truce in digital tax dispute
Reuters - 21 Jan 2020 03:20
French President Emmanuel Macron said on Monday he had a "great discussion" with U.S. President Donald Trump over a digi...
Trump Tax Break That Benefited the Rich Is Being Investigated
The New York Times - 16 Jan 2020 06:37
The Treasury Department's watchdog said it was looking into the Opportunity Zone program, a multibillion-dollar tax brea...
Justice Department backs Trump in fight over his tax returns
New York Post - 23 Nov 2019 18:09
The Justice Department moved Friday to officially back President Trump in his quest to prevent the release of his tax re...
Are US billionaires really going to pay more tax?
BBC - 20 Oct 2019 03:55
For years, the assumption has been that most Americans are anti-tax, but are attitudes changing?
Apple And Ireland Challenge EU Over $14.4 Billion Tax Ruling
Forbes - 16 Sep 2019 19:06
The world's biggest tax case has seen Apple and the Irish government fighting claims from the European Union that it dod...
IRS means business when it comes to bitcoin
New York Post - 8 Aug 2019 05:38
In my last column, I reported that the IRS is going after people who trade bitcoin and other virtual currencies -- and d...
US to probe French plan to tax tech companies - CNET
CNET - 11 Jul 2019 03:42
The proposal would levy a 3% tax on revenue that large tech companies earn providing services in France. Some of the com...
"Tax Us"? No, Very Few Rich People Would Love To Pay Higher Taxes
Forbes - 25 Jun 2019 18:36
The media creates the impression that lots of billionaires want to pay higher taxes. But this is wrong.
Tory leadership contest: Boris Johnson pledges to cut income tax
BBC - 10 Jun 2019 05:56
The Tory leadership hopeful says he would use money set aside for a no-deal Brexit to cut taxes for people earning more ...
Mnuchin tells Congress he'll miss deadline to release Trump's tax returns
New York Post - 11 Apr 2019 06:30
Treasury Secretary Steven Mnuchin on Wednesday told Congress that his department will miss its deadline for the release ...
Trump's Federal Reserve pick owes unpaid taxes
Miami Herald - 28 Mar 2019 05:20
President Donald Trump's pick to serve on the Federal Reserve's Board of Governors had a lien of more than $75,000 filed...
Tax refunds are $3 smaller on average versus last year after seventh week of filing season
USA Today - 23 Mar 2019 03:02
After three weeks of rising tax refunds, the average tax refund is $3 less than a year ago.
French tax on internet giants could yield 500 million euros per year: Le Maire
Reuters - 3 Mar 2019 17:31
A three percent tax on the French revenue of large internet companies could yield 500 million euros (568.5 million pound...
With Shutdown Over (For Now), IRS Stares Down Huge Backlog As Tax Season Begins
Forbes - 28 Jan 2019 06:25
The Internal Revenue Service (IRS) will be back to work processing tax returns and issuing tax refunds following an anno...
Tax returns: How the government shutdown, new law will impact you
CBSNews - 24 Jan 2019 18:53
Tax filing officially kicks off on Monday. Here's what taxpayers need to know about 2019's tax season
EU tax on big digital companies could be struck by March: French minister
Reuters - 20 Jan 2019 03:14
A European Union-wide tax on the world's top digital companies could be reached by the end of March, French Finance Mini...
Dolce, Gabbana Cleared of Tax Evasion at Fiscal Level
WWD - 22 Dec 2018 23:52
While Domenico Dolce and Stefano Gabbana had been cleared penally, fiscally the issue had not been resolved.
Tax cuts are causing a massive US debt deficit, believe it or not
New York Post - 16 Dec 2018 15:30
Dear John: Your recent article on tax breaks looks like you wrote it at dinner on a napkin. Zero research, only speculat...
Shakira gets hit with $16.3 million tax evasion suit in Spain
USA Today - 14 Dec 2018 18:51
The Colombian singer officially moved to Spain for tax purposes in 2015.
AP: Ivanka, Kushner could profit from tax break they pushed
Miami Herald - 12 Dec 2018 05:17
At an Oval Office gathering earlier this year, President Donald Trump began touting his administration's new "Opportunit...
France will tax tech giants in 2019 regardless of EU agreement - CNET
CNET - 6 Dec 2018 19:14
The bloc's finance ministers haven't agreed to a tax on digital revenues.
France suspends planned fuel tax increase after violent protests
ABC News - 4 Dec 2018 18:49
"No tax is worth putting the nation's unity in danger," the prime minister said.
San Francisco Sets a New Tech Trend: Tax the Companies
Wired - 8 Nov 2018 03:46
Proposition C, which will raise an additional $300 million a year for homeless services, was approved with roughly 60 pe...
Germany urges global minimum tax for digital giants
Phys.org - 21 Oct 2018 14:31
German Finance Minister Olaf Scholz said in an interview for publication Sunday he backed a global minimum fiscal regime...
Facebook's UK tax bill triples to £15.7m
BBC - 8 Oct 2018 11:11
Facebook paid £15.7m in tax in 2017, up from £5.1m in the previous year.
PayPal tax bill jumps by £3.1m after review by HMRC
BBC - 8 Oct 2018 02:59
The digital payments firm handed over more income tax after a £181,000 bill in the previous year.
The Wall Street Journal: EU drops McDonald's probe, rules its tax deal in Luxembourg is legal
Market Watch - 19 Sep 2018 18:29
European Union regulators ssay McDonald's tax arrangement in Luxembourg is legal, dropping an investigation against the ...
EU to scrap lawsuit against Ireland after Apple pays back taxes
Reuters - 18 Sep 2018 18:45
EU antitrust regulators plan to drop legal action against Ireland after iPhone maker Apple paid 13.1 billion euros ($15....
Germany cautious on EU tech tax as France adds 'sunset clause'
Reuters - 8 Sep 2018 16:55
A European Union tax overhaul to raise levies on large digital firms needs a thorough debate although an agreement could...
Tax cuts have boosted corporate profits
New York Post - 14 Aug 2018 06:08
There's one other thing that the tax reductions did: They raised corporate profits. The stock market was wildly overvalu...
More disturbing numbers regarding last year's tax reform
New York Post - 9 Aug 2018 06:45
Here are some more disturbing numbers to ponder in the wake of last year's tax reform. Through May of this year, the US ...
What's behind the government's record income tax collection
New York Post - 19 Jul 2018 06:32
Speaking of the economy: According to the Treasury Department's monthly statement, our government collected a record $1....
Philadelphia's tax on soda upheld by state Supreme Court
Miami Herald - 19 Jul 2018 04:55
Philadelphia's tax on soda and other sweetened drinks was upheld on Wednesday when the state's highest court rejected a ...
Trump tax cut gives U.S. workers a hard landing
Market Watch - 19 Jul 2018 04:28
American Airlines is an example of how employees must fight for raises while stock buybacks come easily.
Trump's tax reforms ignore companies with foreign profits
New York Post - 3 Jul 2018 06:44
President Trump got one thing right. But then he blew it. As part of the tax-reform bill that the Republicans pushed thr...
Supreme Court allows states to collect sales taxes on more online transactions
USA Today - 21 Jun 2018 19:03
The Supreme Court upended the nation's Internetmarketplace, ruling that many online retailers must collect and remit sta...
Tax cuts were nice, but the federal deficit is still growing
New York Post - 21 Jun 2018 05:42
Paul Ryan, the Wisconsin Republican who is Speaker of the House, said yesterday that the tax law changes have already be...
This is how Trump's corporate tax cut is backfiring
New York Post - 18 Jun 2018 18:06
The corporate tax cut passed by President Trump and fellow Republicans that was in part designed to help dissuade US com...
Tax refunds aren't enough to improve the economy
New York Post - 27 May 2018 07:04
Dear John: Mick Mulvaney, head of the Office of Management and Budget, is being optimistic about the future growth of th...
Apple makes first payment of $15.3B disputed Irish tax bill to escrow account
AppleInsider - 18 May 2018 19:12
Apple has started to pay off its $15.3 billion tax bill to Ireland, the country's Finance Minister has confirmed, transf...