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With Shutdown Over (For Now),The Internal Revenue Service (IRS) will be back to work processing tax returns and issuing tax refunds following an announcement that the government shutdown has ended. But the news hardly means that... tax season will be normal: the IRS has indicated that it will take quite some time to recover.
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Tax filing officially kicks off on Monday. Here's what taxpayers need to know about 2019's tax season
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A European Union-wide tax on the world's top digital companies could be reached by the end of March, French Finance Minister Bruno Le Maire said in an interview published on Sunday.
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Dolce, Gabbana Cleared of TaxWhile Domenico Dolce and Stefano Gabbana had been cleared penally, fiscally the issue had not been resolved.
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Tax cuts are causing a massiveDear John: Your recent article on tax breaks looks like you wrote it at dinner on a napkin. Zero research, only speculation. I'm sorry if the tax breaks weren't good for you, but they surely helped me... and the rest of the working class. Perhaps the elites like yourself didn't do so well. T.C. Dear...
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Shakira gets hit with $16.3The Colombian singer officially moved to Spain for tax purposes in 2015.        
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At an Oval Office gathering earlier this year, President Donald Trump began touting his administration's new "Opportunity Zone" program that offers massive tax breaks to developers who invest in... downtrodden …
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France will tax tech giants inThe bloc's finance ministers haven't agreed to a tax on digital revenues.
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France suspends planned fuel"No tax is worth putting the nation's unity in danger," the prime minister said.
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San Francisco Sets a New TechProposition C, which will raise an additional $300 million a year for homeless services, was approved with roughly 60 percent of the vote.
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Germany urges global minimumGerman Finance Minister Olaf Scholz said in an interview for publication Sunday he backed a global minimum fiscal regime for multinationals as Europe looks to levy tax notably on US tech giants.
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Confidential financial documents show the millionaire property developer likely paid little or no federal income taxes between 2009 and 2016, using the legal tax benefit depreciation to reduce his... taxable income despite holding assets in excess of $250 million.
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Facebook's UK tax bill triplesFacebook paid £15.7m in tax in 2017, up from £5.1m in the previous year.
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PayPal tax bill jumps byThe digital payments firm handed over more income tax after a £181,000 bill in the previous year.
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European Union regulators ssay McDonald's tax arrangement in Luxembourg is legal, dropping an investigation against the U.S. fast-food giant while lauding efforts to close tax loopholes in the probe's... wake.
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EU antitrust regulators plan to drop legal action against Ireland after iPhone maker Apple paid 13.1 billion euros ($15.3 billion) in back taxes following a regulatory order two years ago, the... European Commission said on Tuesday.
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A European Union tax overhaul to raise levies on large digital firms needs a thorough debate although an agreement could still be found by the end of the year, Germany's Finance Minister Olaf Scholz... said on Saturday.
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Tax cuts have boosted corporate profits

New York Post - 14 Aug 2018 04:08
Tax cuts have boostedThere's one other thing that the tax reductions did: They raised corporate profits. The stock market was wildly overvalued coming into this year. Those extra profits that companies have been able to... keep thanks to the feds' generosity have made stocks a little less expensive relative to their earnings. And that seems to have surprised...
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More disturbing numbersHere are some more disturbing numbers to ponder in the wake of last year's tax reform. Through May of this year, the US Treasury paid $233 billion in interest on its debt. The government's fiscal year... ends in September, so that figure will be much larger when June, July, August and September are added in....
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What's behind the government'sSpeaking of the economy: According to the Treasury Department's monthly statement, our government collected a record $1.305 trillion in individual income taxes through the first nine months of fiscal... 2018. The figure, which goes up to June, is rising because more people are working and paying taxes. It may also be heading higher because more...
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Philadelphia's tax on soda and other sweetened drinks was upheld on Wednesday when the state's highest court rejected a challenge by merchants and the beverage industry. The Supreme Court ruled …
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Trump tax cut gives U.S. workers a hard landing

Market Watch - 19 Jul 2018 02:28
American Airlines is an example of how employees must fight for raises while stock buybacks come easily.
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Trump's tax reforms ignorePresident Trump got one thing right. But then he blew it. As part of the tax-reform bill that the Republicans pushed through Congress last year, companies with profits that were stuck overseas were... allowed to bring those earnings back to the US and have them taxed at a very favorable rate. I've written about this...
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Supreme Court allows states toThe Supreme Court upended the nation's Internetmarketplace, ruling that many online retailers must collect and remit state salestaxes. The decision, which overturns an earlier Supreme Court... precedent, will boost state revenues at the expense of consumers and sellers who have avoided sales taxes.        
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Tax cuts were nice, but thePaul Ryan, the Wisconsin Republican who is Speaker of the House, said yesterday that the tax law changes have already been "making things better" for "working families across America." Ryan was... against President Trump's tax cuts until he wasn't. And then he unexpectedly decided to quit Congress and go on to, I guess, better things....
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