Vote-a-rama kick-starts GOP tax reform effort

Vote-a-rama kick-starts GOP tax reform effort
(CNN)The Senate moved Thursday to pass a budget resolution for next year that is mostly significant because it could make it easier for Republicans to pass major tax cuts, a top GOP priority. Passage of the budget is not in doubt — all but one of the 52 …
Vote-a-rama kick-starts GOP tax reform effort

Sen. Tim Scott: Tax plan reduces burden on American workers

Sen. Tim Scott: Tax plan reduces burden on American workers
This is a rush transcript from “Your World,” October 19, 2017. This copy may not be in its final form and may be updated. NEIL CAVUTO, “YOUR WORLD” HOST: All right, Senator Tim Scott was among those senators meeting the president yesterday to iron out this …
Sen. Tim Scott: Tax plan reduces burden on American workers

Manchin: I hope to work with Trump on tax reform that works

Manchin: I hope to work with Trump on tax reform that works
This is a rush transcript from “Your World,” October 19, 2017. This copy may not be in its final form and may be updated. NEIL CAVUTO, HOST: All right, well, the president has already put the pressure on ahead of this key budget vote tonight in the Senate.
Manchin: I hope to work with Trump on tax reform that works

Can Trump Sell A Tax Bill To Middle-Income Voters?

Can Trump Sell A Tax Bill To Middle-Income Voters?
While President Trump continues to promote what he says will be the biggest tax cut in history for middle-income households, it is increasingly clear that he and Congress won’t deliver on that promise. The bill, still being drafted behind closed-doors …
Can Trump Sell A Tax Bill To Middle-Income Voters?

Tax reform lurches ahead with Senate voting marathon

Tax reform lurches ahead with Senate voting marathon
The Senate launched Thursday into an all-night voting marathon expected to yield a crucial outcome for Republicans: a route to a tax overhaul. While the budget resolution that’s under debate does include a decade’s worth of proposed spending cuts and …
Tax reform lurches ahead with Senate voting marathon

Why Tax Cuts Will Not Make America Great Again

Why Tax Cuts Will Not Make America Great Again
In a speech earlier this week, Donald Trump invoked Ronald Reagan’s 1981 tax cuts as a model for his own plan. Trump said Reagan’s tax cuts “unleashed the economic miracle of the 1980s” and promised his own tax cuts would boost economic growth …
Why Tax Cuts Will Not Make America Great Again

Steve Mnuchin is the wrong guy to sell tax reform

Steve Mnuchin is the wrong guy to sell tax reform
Treasury Secretary Mnuchin is the wrong guy to be selling tax reform to the public. The best man for the job, despite all his faults, is still President Trump. Trump needs to put the fear of losing the mid-term election into the hearts of GOP politicians …
Steve Mnuchin is the wrong guy to sell tax reform

Popular tax break could be history: What it would mean to Dayton

Popular tax break could be history: What it would mean to Dayton
Proposals to reform the federal tax code could end an incentive that has helped create hundreds of new apartments in downtown Dayton and that developers want to use to create hundreds of new units in the future. The federal historic tax credit is at risk …
Popular tax break could be history: What it would mean to Dayton

Republicans say 'death tax' while Democrats say 'estate tax' — and there's a fascinating reason why

Republicans say 'death tax' while Democrats say 'estate tax' — and there's a fascinating reason why
Republican activists protesting the estate tax in 2006 in Washington, DC. Alex Wong/Getty Images Bernie Sanders and Ted Cruz had a pointed back-and-forth Wednesday night about the estate tax. Republicans have referred to the estate tax as the “death tax …
Republicans say 'death tax' while Democrats say 'estate tax' — and there's a fascinating reason why

Cruz claims repealing the estate tax would benefit farmers and small businesses. That’s not true.

Cruz claims repealing the estate tax would benefit farmers and small businesses. That’s not true.
During a CNN Town Hall debate on Wednesday evening, Vermont Sen. Bernie Sanders (I) and Texas Sen. Ted Cruz (R) squared off on one especially pertinent topic: tax reform. Throughout the night — though the discussion shifted and, at times, felt more like …
Cruz claims repealing the estate tax would benefit farmers and small businesses. That’s not true.

Hull Council moots 'tourism tax' for City of Culture

Hull Council moots 'tourism tax' for City of Culture
Introducing a “tourism tax” for Hull has been branded a “very poor” idea that “sends out the wrong message”. Hull City Council is to conduct a feasibility study into the prospect of levying a charge on visitors. Travel writer Simon Calder said it would put …
Hull Council moots 'tourism tax' for City of Culture

5 IRS tax benefit adjustments you'll want to know about in 2018

5 IRS tax benefit adjustments you'll want to know about in 2018
It’s probably never too early for U.S. taxpayers to start planning for changes in federal tax provisions. Although Americans won’t start filing their tax returns for 2017 earnings until early next year, the IRS has already issued changes for deductions …
5 IRS tax benefit adjustments you'll want to know about in 2018

Senate Democrats fail in first attempt to save state and local tax deduction

Senate Democrats fail in first attempt to save state and local tax deduction
Senate Democrats on Thursday failed in their first attempt to save the state and local tax deduction, which helps many residents of California and other high-cost states reduce their federal income tax bills. The Republican-controlled Senate voted 52-47 to …
Senate Democrats fail in first attempt to save state and local tax deduction

Tax Planning For The Ultra Wealthy – The Role Of A Family Wealth Advisor

Tax Planning For The Ultra Wealthy – The Role Of A Family Wealth Advisor
Typical clients, and their financial advisors for that matter, punt all tax-related matters to their CPAs during tax season – clients and advisors alike are often frantically searching for tax documents in the days leading up to either April 15 th (for …
Tax Planning For The Ultra Wealthy – The Role Of A Family Wealth Advisor

The Cruz-Sanders debate on tax reform

The Cruz-Sanders debate on tax reform
Wednesday night Ted Cruz and Bernie Sanders debated tax reform on CNN. There were no knockouts last night, but there was a sharp contrast between two very different worldviews. Senator Cruz opened the debate with a one-minute statement predicting that …
The Cruz-Sanders debate on tax reform

The Telecommunications Industry and Retail of Devices in South Africa 2017

The Telecommunications Industry and Retail of Devices in South Africa 2017
according to the Independent Communications Authority of South Africa (ICASA). There is a clear shift towards mobile over fixed-line connectivity, as well as internet over voice services. Mobile data revenue increased significantly, more than 25% year-on …
The Telecommunications Industry and Retail of Devices in South Africa 2017

Senate heads for vote crucial to Trump's tax reform plan

Senate heads for vote crucial to Trump's tax reform plan
WASHINGTON (Reuters) – President Donald Trump’s drive to overhaul the U.S. tax code headed for a pivotal moment on Thursday, with Senate Republicans poised to approve a budget measure that would help them pass tax legislation without Democratic support.
Senate heads for vote crucial to Trump's tax reform plan

US Senate takes first vote towards tax reform

US Senate takes first vote towards tax reform
The US Senate will vote Thursday to begin major fiscal reforms based on a sharp drop in taxes sought by Republicans and President Donald Trump, who is trying to salvage his troubled legislative agenda. After failing to repeal former president Barack Obama …
US Senate takes first vote towards tax reform

IRS Announces 2018 Tax Brackets, Standard Deduction Amounts, And More

IRS Announces 2018 Tax Brackets, Standard Deduction Amounts, And More
The Internal Revenue Service (IRS) has announced the annual inflation adjustments for a number of tax-related provisions for 2018, including, of course, the latest tax rate schedules and tax tables. If you aren’t expecting any significant changes in 2018 …
IRS Announces 2018 Tax Brackets, Standard Deduction Amounts, And More

Latest White House Tax Study Illustrates Familiar Pattern Of Deceptive Economics

Latest White House Tax Study Illustrates Familiar Pattern Of Deceptive Economics
The October 16 study from the Council of Economic Advisors — which I will take the liberty here to rename “The Economic Effects of a Yet Unspecified Corporate Tax Reform: Some Theory and Some Evidence” — is a classic example of how industry and …
Latest White House Tax Study Illustrates Familiar Pattern Of Deceptive Economics

Engie targets Africa with home solar acquisition

Engie targets Africa with home solar acquisition
Though Engie has 3,000 megawatts of renewable energy and gas-fired power assets in operation or under construction in Morocco and South Africa, and its Tractebel business sells energy services across … which had revenue of 66.6 billion euros ($79 billion …
Engie targets Africa with home solar acquisition

Senate Republicans taking first big step toward tax overhaul

Senate Republicans taking first big step toward tax overhaul
The $4 trillion nonbinding budget plan would serve as a vehicle for tax legislation later this year, as it would allow the Senate to use a special process that avoids a Democratic filibuster. Republicans are expected to have the votes for the first step …
Senate Republicans taking first big step toward tax overhaul

Neymar fined £900,000 fine for tax evasion after the Brazil superstar diverted his income into image-rights companies

Neymar fined £900,000 fine for tax evasion after the Brazil superstar diverted his income into image-rights companies
NEYMAR has been fined £900,000 for tax evasion – after diverting his earnings into image-rights companies to reduce his own payments. The Paris-Saint Germain superstar had around £46million in assets seized by Brazilian authorities two years ago while …
Neymar fined £900,000 fine for tax evasion after the Brazil superstar diverted his income into image-rights companies

How A Family Wealth Advisor Can Add The Most Value – Part 2: Tax Planning

How A Family Wealth Advisor Can Add The Most Value – Part 2: Tax Planning
Typical clients, and their financial advisors for that matter, punt all tax-related matters to their CPAs during tax season – clients and advisors alike are often frantically searching for tax documents in the days leading up to either April 15 th (for …
How A Family Wealth Advisor Can Add The Most Value – Part 2: Tax Planning

Tax reforms may pose significant hit to charitable giving

Tax reforms may pose significant hit to charitable giving
Every level of government, from the smallest municipality to the federal government, must tackle tax issues. Politicians, pundits and, of course, prospective tax payers will each weigh in, offering separate opinions as to how best to generate the funds …
Tax reforms may pose significant hit to charitable giving

As scandals proliferate, South African bishops seek an anti-corruption court

As scandals proliferate, South African bishops seek an anti-corruption court
One of the strategies the state used to get rid of the highly principled Mr. Gordhan was to discredit him through accusations of a “secret” South African Revenue Service intelligence unit acting outside the law. Mr. Gordhan had, formerly, headed the …
As scandals proliferate, South African bishops seek an anti-corruption court

Senior House tax writer Pat Tiberi is leaving office as GOP tries to pass tax bill

Senior House tax writer Pat Tiberi is leaving office as GOP tries to pass tax bill
Rep. Pat Tiberi, R-Ohio, is leaving office by the end of January. He serves on the House Ways and Means Committee and its tax policy subcommittee. Republicans aim to overhaul the U.S. tax system this year, but the process could go into next year.
Senior House tax writer Pat Tiberi is leaving office as GOP tries to pass tax bill

Former Congressman proposes carbon tax during UI visit

Former Congressman proposes carbon tax during UI visit
Bob Inglis, a former Republican congressman from South Carolina, argued that a carbon tax and dividend is a conservative way to reduce carbon emissions on a global scale at the University of Idaho on Wednesday. Inglis traveled to Moscow as part of his …
Former Congressman proposes carbon tax during UI visit

Cutting SALT From the Federal Tax Diet

Cutting SALT From the Federal Tax Diet
The ability to deduct state and local taxes from one’s federal tax bill goes as far back as the income tax itself. According to the most recent Trump administration budget, it is the sixth-largest individual income tax expenditure and represents a loss of …
Cutting SALT From the Federal Tax Diet

Philadelphia Comptroller Claims Soda Tax Affects Employers Pocket

Philadelphia Comptroller Claims Soda Tax Affects Employers Pocket
Taxing products whose overconsumption poses a risk to human health not only sounds reasonable but also urgent. To create such taxes in order to finance public policies such as Pre-K programs or the maintenance of public spaces such as parks and bookstores …
Philadelphia Comptroller Claims Soda Tax Affects Employers Pocket

GOP Sen. Jeff Flake: Budget deal is 'in the bag' but tax reform is still a question

GOP Sen. Jeff Flake: Budget deal is 'in the bag' but tax reform is still a question
Republican Sen. Jeff Flake says he’s confident lawmakers will approve a budget deal seen as crucial to helping Republicans pass tax reform. “I think on the budget deal it’s in the bag,” Flake says. “But whether or not we can get to tax reform, we’re going …
GOP Sen. Jeff Flake: Budget deal is 'in the bag' but tax reform is still a question

Tax Breaks On Selling Your Home, Vacation, Or Investment Property

Tax Breaks On Selling Your Home, Vacation, Or Investment Property
With a personal residence, investment real estate, or other investment property, consider taxes before you sign. Your gain will often be long term capital gain, meaning a federal tax rate of 15 to 20%, depending on your income. Depending on your income …
Tax Breaks On Selling Your Home, Vacation, Or Investment Property

U.S. Senate poised for crucial vote related to tax reform measure

U.S. Senate poised for crucial vote related to tax reform measure
WASHINGTON (Reuters) – President Donald Trump’s drive to overhaul the U.S. tax code headed for a pivotal moment on Thursday, with Senate Republicans poised to approve a budget measure that would help them pass tax legislation without Democratic support.
U.S. Senate poised for crucial vote related to tax reform measure

Democrats left their big tax reform meeting with Trump extremely dissatisfied

Democrats left their big tax reform meeting with Trump extremely dissatisfied
President Donald Trump invited members of the Senate Finance Committee to the White House on Wednesday. Republicans are going to use the reconciliation process to try to pass tax reform without Democratic support. Democrats feel left out of the process …
Democrats left their big tax reform meeting with Trump extremely dissatisfied

Obamacare Taxes Going Up Despite Republican Tax Reform Push

Obamacare Taxes Going Up Despite Republican Tax Reform Push
While President Donald Trump and conservatives in Congress are pushing full speed ahead on pro-growth tax reform that will create jobs and put more money in the pockets of Americans, a delayed tax from the Obama administration is set to take effect in 2018 …
Obamacare Taxes Going Up Despite Republican Tax Reform Push

Senate poised for crucial vote related to tax reform measure

Senate poised for crucial vote related to tax reform measure
Senate Republicans poised to approve a budget measure that would help them pass tax legislation without Democratic support. The Senate and the House of Representatives must agree on a fiscal year 2018 budget resolution for Republicans to meet their goal of …
Senate poised for crucial vote related to tax reform measure

Tax revolt will lead to a legal battle that only SARS can win

Tax revolt will lead to a legal battle that only SARS can win
Social development spokeswoman Lumka Oliphant says Sassa has given Sapo a reasonable time to respond to the offer to play a role in distributing social grants Considering that the party has been expecting Blade Nzimande’s to be fired for months‚ the …
Tax revolt will lead to a legal battle that only SARS can win

BCA, small business unite in fresh push for company tax cuts

BCA, small business unite in fresh push for company tax cuts
The Senate’s resistance to extending to big business the tax cuts it delivered small firms earlier this year means the reductions will ultimately become “meaningless” for jobs and growth, says a new coalition of small, medium and large employers.
BCA, small business unite in fresh push for company tax cuts

What's at stake in South Africa's new finance minister's first budget

What's at stake in South Africa's new finance minister's first budget
Remuneration levels and employment numbers in the civil service had to be cut … the credit rating agencies about South Africa’s fiscal stability. The statement forms the basis of the annual budget of government revenue and expenditure that is tabled …
What's at stake in South Africa's new finance minister's first budget

SA’s poor tax revenues to delay fiscal consolidation

SA’s poor tax revenues to delay fiscal consolidation
South Africa’s finance minister is expected to address concerns over dwindling tax revenues in his mid-term budget on Wednesday to reassure credit agencies of his commitment to a tighter purse, a Reuters poll found. Malusi Gigaba is due to give his first …
SA’s poor tax revenues to delay fiscal consolidation

South Africa's poor tax revenues to delay fiscal consolidation

South Africa's poor tax revenues to delay fiscal consolidation
Schultz said Gigaba would have his work cut out for him in presenting a credible budget amid softening growth, inflation and revenue collections, along with more capital injections to embattled state-owned entities such as South African Airways.
South Africa's poor tax revenues to delay fiscal consolidation

IRS: Tax refund fraudsters already had much of that Equifax stolen data

IRS: Tax refund fraudsters already had much of that Equifax stolen data
IRS: Tax refund fraudsters already had much of that Equifax stolen data IRS says fraudsters are upping their game and targeting money in annuities and life insurance policies, too. Check out this story on Freep.com: http://on.freep.com/2x7nrgg Embed Share …
IRS: Tax refund fraudsters already had much of that Equifax stolen data

Trump Could Get a $23 Million Tax Cut Under the GOP’s Plan, Study Says

Trump Could Get a Million Tax Cut Under the GOP’s Plan, Study Says
President Donald Trump’s tax framework could save him and members of his cabinet tens of billions of dollars in taxes collectively, according to a report from a left-leaning policy organization released by Senate Democrats. The White House and GOP …
Trump Could Get a Million Tax Cut Under the GOP’s Plan, Study Says

Trump jokes to senators about releasing his tax returns

Trump jokes to senators about releasing his tax returns
Washington (CNN)President Donald Trump quipped about his tax returns Wednesday while meeting with a bipartisan group of senators on tax reform, according to multiple sources. A source familiar with the meeting said that Trump flippantly made a comment …
Trump jokes to senators about releasing his tax returns

Tax reform failure could cost the market anywhere from 4 to 10 percent, strategist says

Tax reform failure could cost the market anywhere from 4 to 10 percent, strategist says
The prospect of the Trump administration passing tax reform has buoyed stocks this year, and failure to pass such a bill could cost the market dearly, one strategist told CNBC in a recent interview. “Republicans have been unable to unite under the Trump …
Tax reform failure could cost the market anywhere from 4 to 10 percent, strategist says

Trump floats bipartisan tax reform group

Trump floats bipartisan tax reform group
President Donald Trump suggested at a meeting with senators Wednesday that the Senate create a bipartisan working group for tax reform, surprising Republicans who’ve been planning to pass a party-line bill, senators said afterward. As the Senate worked to …
Trump floats bipartisan tax reform group

County moves forward with tax question

County moves forward with tax question
Pontotoc County commissioners moved forward Monday with a plan to ask voters to approve a 9/16-cent sales tax proposal to fund public safety operations and road and bridge improvements. Commissioners heard input and gave final instructions to attorneys …
County moves forward with tax question

Emanuel Budget Plan: 911 Tax Hike, Higher Uber Fees, Amusement Tax Redo

Emanuel Budget Plan: 911 Tax Hike, Higher Uber Fees, Amusement Tax Redo
CHICAGO (CBS) — Attending a concert and hailing an Uber or Lyft would cost you more in Chicago next year under the budget plan Mayor Rahm Emanuel was set to formally present to the City Council on Wednesday. The mayor has been dropping hints about his …
Emanuel Budget Plan: 911 Tax Hike, Higher Uber Fees, Amusement Tax Redo

State rep says tax incentive for candy manufacturer is the only card in Illinois' deck

State rep says tax incentive for candy manufacturer is the only card in Illinois' deck
A tax credit deal that potentially gives German gummy bear manufacturer HARIBO more than $1.6 million in tax credits to create 55 new jobs in Illinois over several years is raising concerns that tax credits are the only trick Illinois has to offer.
State rep says tax incentive for candy manufacturer is the only card in Illinois' deck

GOP tax plan allows corporations to keep tax break lost by millions of Americans

GOP tax plan allows corporations to keep tax break lost by millions of Americans
Millions of Americans would lose a prized tax break under President Donald Trump’s sweeping revamp of the tax code, but corporations would get to keep it. The Republican proposal would eliminate the federal deduction for state and local taxes, a widely …
GOP tax plan allows corporations to keep tax break lost by millions of Americans

Mnuchin warns of fall in equities without Trump’s tax reforms

Mnuchin warns of fall in equities without Trump’s tax reforms
Steven Mnuchin, US Treasury secretary, has warned Congress that US stock markets will shed a “significant amount” of their recent gains if lawmakers do not pass tax reform. On the eve of a critical Senate vote aimed at pushing tax-cutting plans forward …
Mnuchin warns of fall in equities without Trump’s tax reforms

Smooth sailing? McCain endorses budget-reconciliation plan for tax reform

Smooth sailing? McCain endorses budget-reconciliation plan for tax reform
Maybe that Trump-McConnell presser worked some magic after all. For the past few months, John McCain has insisted on fighting health-care legislation that does not pass through regular order, and helped to kill two ObamaCare repeal bills via reconciliation.
Smooth sailing? McCain endorses budget-reconciliation plan for tax reform

Property tax reform not likely anytime soon, finance minister says

Property tax reform not likely anytime soon, finance minister says
New Brunswick’s finance minister said she is “open to dialogue” with the City of Saint John about its financial problems but she’s not open to immediate reforms of the property tax system. Rogers suggested the reforms endorsed this week by Saint John city …
Property tax reform not likely anytime soon, finance minister says

Mnuchin warns of 'significant' stock market drop if tax reform fails

Mnuchin warns of 'significant' stock market drop if tax reform fails
Treasury Secretary Steven T. Mnuchin said Tuesday that failure to pass the Republican tax overhaul would trigger a “significant” drop in the stock market, which has rallied to record highs in recent months. His warning, which some market analysts …
Mnuchin warns of 'significant' stock market drop if tax reform fails

I've seen how the EU tackles tax evasion versus the US – and if Brexit Britain follows Trump, we're headed for disaster

I've seen how the EU tackles tax evasion versus the US – and if Brexit Britain follows Trump, we're headed for disaster
The Panama Papers scandal last year shone a light on the extent and pervasiveness of tax avoidance that exists around the world. It revealed that individuals from 200 countries used more than 214,000 offshore entities to help them avoid paying billions in …
I've seen how the EU tackles tax evasion versus the US – and if Brexit Britain follows Trump, we're headed for disaster

Bad Math Underpins Trump's Claim That Corporate Tax Cuts Will Boost Workers' Pay By $4k

Bad Math Underpins Trump's Claim That Corporate Tax Cuts Will Boost Workers' Pay By k
The White House Council of Economic Advisers put out a paper this week defending a very bold prediction: A cut in the corporate tax rate from 35 percent to 20 percent would boost incomes of U.S. workers by at least $4,000 a year. This has become a favorite …
Bad Math Underpins Trump's Claim That Corporate Tax Cuts Will Boost Workers' Pay By k

Stocks to fall if Trump tax cuts fail: Steven Mnuchin

Stocks to fall if Trump tax cuts fail: Steven Mnuchin
US Treasury Secretary Steven Mnuchin has warned that stock prices on Wall Street could drop sharply if the US Congress fails to pass tax cuts in the coming months. The blue chip Dow Jones Industrial Average topped 23,000 points this week and has surged …
Stocks to fall if Trump tax cuts fail: Steven Mnuchin

Trump tries to sells tax reform to Democrats

Trump tries to sells tax reform to Democrats
WASHINGTON (Reuters) – President Donald Trump intensified his efforts to sell Democrats on his tax reform plan on Wednesday even as Senate Republicans edged closer to passing a budget measure that would push forward a tax bill without Democratic support.
Trump tries to sells tax reform to Democrats

Column: GOP tax cuts would make the rich even richer

Column: GOP tax cuts would make the rich even richer
In House Speaker Paul Ryan’s words, the Republican tax reform plan is “our best opportunity in a generation to deliver real middle-class tax relief, create jobs here at home, and fuel unprecedented economic growth.” But the plan — a Trump-era …
Column: GOP tax cuts would make the rich even richer

Switzerland agrees to share tax information on multinationals from 2020

Switzerland agrees to share tax information on multinationals from 2020
Boeing’s primary foe, Airbus, takes control of the Canadian C Series aircraft — with plans to manufacture in Alabama, US Considering that the party has been expecting Blade Nzimande’s to be fired for months‚ the wailing and outrage seems rather …
Switzerland agrees to share tax information on multinationals from 2020

Corporations to keep tax break lost by millions of Americans

Corporations to keep tax break lost by millions of Americans
WASHINGTON (AP) — Millions of Americans would lose a prized tax break under President Donald Trump’s sweeping revamp of the tax code, but corporations would get to keep it. The Republican proposal would eliminate the federal deduction for state and local …
Corporations to keep tax break lost by millions of Americans

'It's very hard not to give tax cuts to the wealthy,' Steven Mnuchin now says

'It's very hard not to give tax cuts to the wealthy,' Steven Mnuchin now says
The Trump administration has now completed wholesale repeal of the “Mnuchin Rule.” “When you’re cutting taxes across the board, it’s very hard not to give tax cuts to the wealthy with tax cuts to the middle class,” says Treasury Secretary Steven Mnuchin.
'It's very hard not to give tax cuts to the wealthy,' Steven Mnuchin now says

UK tax authorities warn banks against aggressive avoidance

UK tax authorities warn banks against aggressive avoidance
HM Revenue & Customs has warned Britain’s banks against pursuing aggressive strategies that push the boundaries of acceptable tax planning after recovering £85m from lenders in the year to April. The UK tax authority, which has toughened its approach to …
UK tax authorities warn banks against aggressive avoidance

‘Fake news!’: Ireland rebukes Trump over corporate tax claim

‘Fake news!’: Ireland rebukes Trump over corporate tax claim
DUBLIN – US President Donald Trump’s assertion that he had heard Ireland was going to cut its already low corporate tax rate is “fake news”, Irish Prime Minister Leo Varadkar said on Wednesday. Trump raised a few eyebrows in Ireland on Monday when he …
‘Fake news!’: Ireland rebukes Trump over corporate tax claim

Income tax department launches 'online chat' service to answer taxpayers' queries

Income tax department launches 'online chat' service to answer taxpayers' queries
NEW DELHI: The Income Tax Department has launched an ‘online chat’ service for taxpayers so that they can seek answers to their basic queries and doubts relating to direct tax issues. A window has been hosted on the main page of the department’s website …
Income tax department launches 'online chat' service to answer taxpayers' queries

Trump pitches GOP tax cuts to reluctant Democrats

Trump pitches GOP tax cuts to reluctant Democrats
President Donald Trump meets with bipartisan senators on tax reform. Trump jokes that he will get “unanimous support” from Democrats. President Donald Trump on Wednesday gathered with senators on the chamber’s tax-writing committee — including Democrats …
Trump pitches GOP tax cuts to reluctant Democrats

Treasury Secretary Mnuchin thinks a failure to pass tax reform will send stocks tumbling

Treasury Secretary Mnuchin thinks a failure to pass tax reform will send stocks tumbling
Treasury Secretary Steven Mnuchin thinks the stock market’s performance depends on tax reform. “There is no question that the rally in the stock market has baked into it reasonably high expectations of us getting tax cuts and tax reform done …
Treasury Secretary Mnuchin thinks a failure to pass tax reform will send stocks tumbling

Liberals continue tax change tour, narrow scope of passive-income measure

Liberals continue tax change tour, narrow scope of passive-income measure
Finance Minister Bill Morneau is continuing to pull and pluck away at his government’s controversial tax regime proposals, this time promising to adjust the rules on passive income so only three per cent of the “most wealthy” privately owned corporations …
Liberals continue tax change tour, narrow scope of passive-income measure

Why tax cuts won't generate as much economic growth as Trump hopes

Why tax cuts won't generate as much economic growth as Trump hopes
President Trump and congressional Republicans talk about their tax overhaul plan as if it’s a sure-fire bet for the economy. Far from it. There’s little historical evidence that tax cuts actually pay off in boosting economic growth long-term.
Why tax cuts won't generate as much economic growth as Trump hopes

Competition Commission calls for submissions on car service workshops and warranties

Competition Commission calls for submissions on car service workshops and warranties
Whatever your views‚ the Competition Commission would like hear from you — it’s calling for written submissions‚ typed or hand-written‚ on its draft code of conduct for competition in the South African … at the stipulated service intervals …
Competition Commission calls for submissions on car service workshops and warranties

South Africa: Op-Ed – in Defence of Tom Moyane At SARS

South Africa: Op-Ed – in Defence of Tom Moyane At SARS
Among those that have been subjected to unrelenting media scrutiny and assault are the South African Revenue Service… AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals …
South Africa: Op-Ed – in Defence of Tom Moyane At SARS

Swiss ‘tax spy’ goes on trial in Germany

Swiss ‘tax spy’ goes on trial in Germany
A Swiss man accused of spying on German officials who were hunting tax cheats goes on trial in Frankfurt on Wednesday, in a convoluted case that has strained ties between Bern and Berlin. Daniel M., 54, was arrested in Frankfurt in April on espionage …
Swiss ‘tax spy’ goes on trial in Germany

What’s at stake in South Africa’s new finance minister’s first budget

What’s at stake in South Africa’s new finance minister’s first budget
Remuneration levels and employment numbers in the civil service had to be cut … the credit rating agencies about South Africa’s fiscal stability. The statement forms the basis of the annual budget of government revenue and expenditure that is tabled …
What’s at stake in South Africa’s new finance minister’s first budget

South Africa: Chinese National Sentenced for Rhino Horn Smuggling

South Africa: Chinese National Sentenced for Rhino Horn Smuggling
… and arrest were the result of collaboration between officials from the South African Police Service (SAPS), Customs division of the South African Revenue Services, security screening companies and Environmental Management Inspectors (EMI’s) of the …
South Africa: Chinese National Sentenced for Rhino Horn Smuggling

Could Tax Reform Delays Tank the Market?

Could Tax Reform Delays Tank the Market?
We interrupt this early cycle of Q3 earnings season for an important message — really, two messages: one from President Trump and one from Treasury Secretary Mnuchin — regarding potential tax reform. This is arguably the market’s greatest catalyst …
Could Tax Reform Delays Tank the Market?

Should Tax Reforms Be Implied At The Earliest?

Should Tax Reforms Be Implied At The Earliest?
We interrupt this early cycle of Q3 earnings season for an important message — really, two messages: one from President Trump and one from Treasury Secretary Mnuchin — regarding potential tax reform. This is arguably the market’s greatest catalyst …
Should Tax Reforms Be Implied At The Earliest?

How maths killed the company tax cut

How maths killed the company tax cut
The company tax cut is dead. Maths killed it, last week. It happened with the release of an innocuous-looking report from the Parliamentary Budget Office entitled Changes in average personal income tax rates: distributional impacts. There is no way the …
How maths killed the company tax cut

Switzerland agrees to share tax information on multinationals

Switzerland agrees to share tax information on multinationals
ZURICH (Reuters) – Switzerland said on Wednesday it would start sharing information on the activities of multinationals in its territory with other countries in 2020, joining an international push to fight tax evasion. The new measures will force about 200 …
Switzerland agrees to share tax information on multinationals

Is income tax coming to the UAE? And what will happen if it does?

Is income tax coming to the UAE? And what will happen if it does?
The UAE has always celebrated its free income tax system. It’s what has drawn thousands of people to work in the Emirates, after all. All wanting to earn a tax-free salary, not worrying about any deductions from their salaries. But the latest statement …
Is income tax coming to the UAE? And what will happen if it does?

Simple Solution For Tax Reform Of Pass-Through Businesses: Wage Credit. But Greed Gets In The Way

Simple Solution For Tax Reform Of Pass-Through Businesses: Wage Credit. But Greed Gets In The Way
For years—especially since the Republican Congress and President Obama agreed to extend the Bush tax cuts to all but those in the highest brackets — passthrough businesses have been bemoaning their potentially unfair treatment under the next tax reform.
Simple Solution For Tax Reform Of Pass-Through Businesses: Wage Credit. But Greed Gets In The Way

Steve Mnuchin says the stock market will tumble if Trump's tax plan doesn't pass

Steve Mnuchin says the stock market will tumble if Trump's tax plan doesn't pass
Treasury Secretary Steven Mnuchin said the stock market will tank if the GOP tax bill is not passed during an interview on a podcast. Mnuchin also “absolutely guaranteed” the tax bill would be on President Trump’s desk by early December. He also …
Steve Mnuchin says the stock market will tumble if Trump's tax plan doesn't pass

Tax Evader Who Fled U.S. Gets 7 Years In Prison

Tax Evader Who Fled U.S. Gets 7 Years In Prison
A Grand Junction, Colorado man has been sentenced to 88 months in prison for tax evasion and failing to file personal and corporate income tax returns. Timothy Stubbs, 52, was convicted in September 2015 of tax evasion, willful failure to file an …
Tax Evader Who Fled U.S. Gets 7 Years In Prison

Gary Cohn: Here's how I expect corporate tax cuts to spur growth

Gary Cohn: Here's how I expect corporate tax cuts to spur growth
The Trump Administration has repeatedly emphasized that tax cuts, outlined in its framework on tax reform published in September, will pay for themselves through stimulated growth. But with interest rates currently at historic lows, corporate profitability …
Gary Cohn: Here's how I expect corporate tax cuts to spur growth

Espionage case begins for Swiss bank spy accused of targeting tax fraud investigators in Frankfurt, Germany

Espionage case begins for Swiss bank spy accused of targeting tax fraud investigators in Frankfurt, Germany
Switzerland allegedly sent one of its spies to Germany to find out who kept leaking secret banking data to tax authorities. He spent four years digging into tax investigators and planting a mole before he was caught. A Swiss man accused of spying on German …
Espionage case begins for Swiss bank spy accused of targeting tax fraud investigators in Frankfurt, Germany

Simple Solution For Tax Reform Of Passthrough Businesses: Wage Credit. But Greed Gets In The Way

Simple Solution For Tax Reform Of Passthrough Businesses: Wage Credit. But Greed Gets In The Way
For years—especially since the Republican Congress and President Obama agreed to extend the Bush tax cuts to all but those in the highest brackets — passthrough businesses have been bemoaning their potentially unfair treatment under the next tax reform.
Simple Solution For Tax Reform Of Passthrough Businesses: Wage Credit. But Greed Gets In The Way

Gary Cohn: 'We have to have a permanent change in the tax system'

Gary Cohn: 'We have to have a permanent change in the tax system'
The Trump administration’s tax framework has faced criticism about its impact to the deficit. After all, the non-partisan Tax Policy Center estimates the current plan would reduce revenue to the government by $2.4 trillion in the first decade and $3.2 …
Gary Cohn: 'We have to have a permanent change in the tax system'

Why Trump Will Regret Passing Tax Reform

Why Trump Will Regret Passing Tax Reform
Meeting with his Cabinet on Monday, the president of the United States, ever a believer in the axiom “overpromise and underdeliver,” vowed to sign “the largest tax cut in the history of our country.” Just as they told the president that Obamacare …
Why Trump Will Regret Passing Tax Reform

Espionage case begins for Swiss bank spy accused of targeting tax fraud investigators in Frankfurt Germany

Espionage case begins for Swiss bank spy accused of targeting tax fraud investigators in Frankfurt Germany
Switzerland allegedly sent one of its spies to Germany to find out who kept leaking secret banking data to tax authorities. He spent four years digging into tax investigators and planting a mole before he was caught. A Swiss man accused of spying on German …
Espionage case begins for Swiss bank spy accused of targeting tax fraud investigators in Frankfurt Germany

The bottom line of US tax reform, in two charts

The bottom line of US tax reform, in two charts
The push for “tax reform” in the US often seems convoluted and confusing. It doesn’t have to be. While some of the details are complex, at its essence, the Republican plan to overhaul the US federal tax system can be understood in two charts.
The bottom line of US tax reform, in two charts

Reality Check: Is it legal to tax old people more?

Reality Check: Is it legal to tax old people more?
In November, the man who holds the UK’s purse-strings will announce how the nation’s money will be spent in the year ahead. And rumours have begun flying about potential cuts and giveaways in the pipeline. Among these, Chancellor of the Exchequer Philip …
Reality Check: Is it legal to tax old people more?

Treasury secretary: Pass a tax bill or markets will tank

Treasury secretary: Pass a tax bill or markets will tank
Steven Mnuchin has a stern warning for Congress: You could blow up the stock market if you fail to cut taxes. The Treasury secretary, in the first episode of the “POLITICO Money” podcast, said Wall Street’s big run-up following the election of …
Treasury secretary: Pass a tax bill or markets will tank

Cruz, Sanders to debate tax reform in CNN town hall

Cruz, Sanders to debate tax reform in CNN town hall
Watch CNN’s tax reform town hall debate on Wednesday night at 9 p.m. ET on CNN. Washington (CNN)As the Senate gets ready to make a major move on tax reform, Republican Sen. Ted Cruz of Texas and independent Sen. Bernie Sanders of Vermont will participate …
Cruz, Sanders to debate tax reform in CNN town hall

CNN poll: Most Americans oppose Trump's tax reform plan

CNN poll: Most Americans oppose Trump's tax reform plan
Washington (CNN)A slim majority of Americans (52%) oppose President Donald Trump’s recent tax reform proposals, according to a new CNN poll conducted by SSRS, while only one-third (34%) say they support the Trump plan. Support is split largely along party …
CNN poll: Most Americans oppose Trump's tax reform plan

What We Know So Far About South Africa's Largest Ever Data Breach

What We Know So Far About South Africa's Largest Ever Data Breach
… that the data was leaked from a South African government department or government-related entity like SARS (South African Revenue Services). A closer look at the columns in the dataset eliminates that, especially the fact that the DECEASED_STATUS …
What We Know So Far About South Africa's Largest Ever Data Breach

Report: Illinois ranks 29th in tax climate for business

Report: Illinois ranks 29th in tax climate for business
Illinois’ tax code ranks 29th among the 50 states in its neutrality and transparency, dropping a spot from last year’s ranking due to rate increases on individual and corporate income, according to a study released Tuesday. The Tax Foundation’s …
Report: Illinois ranks 29th in tax climate for business

BHP labelled Australia's 'worst tax dodger' by former treasurer Wayne Swan

BHP labelled Australia's 'worst tax dodger' by former treasurer Wayne Swan
Former treasurer Wayne Swan has launched another extraordinary attack on mining giant BHP, labelling it Australia’s “worst tax dodger” and linking a million dollar bonus to the company’s CEO to his success at minimising tax. Under the cover of …
BHP labelled Australia's 'worst tax dodger' by former treasurer Wayne Swan

IBM earnings beat is a product of tax avoidance, and it’s nothing new

IBM earnings beat is a product of tax avoidance, and it’s nothing new
IBM had an effective tax rate of 11% in its most recently completed quarter, which is actually higher than the median rate over the previous five quarters. IBM Corp. somehow managed to maintain its rock-bottom effective tax rate in Tuesday’s earnings …
IBM earnings beat is a product of tax avoidance, and it’s nothing new

Tax queries: You can appeal against assessing officer after he rejects your claim

Tax queries: You can appeal against assessing officer after he rejects your claim
Dilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies. We have retail business of dry fruits. Between November 10 and November 30 last year, we deposited in our account demonetised notes amounting to Rs …
Tax queries: You can appeal against assessing officer after he rejects your claim

Tax Reform a Mixed Bag for Life Insurers

Tax Reform a Mixed Bag for Life Insurers
President Donald Trump and House Speaker Paul Ryan will be key players in the GOP tax reform effort. The Trump administration’s tax reform plan to cut corporate tax rates will generally favor life and annuity companies, but could cause some executives to …
Tax Reform a Mixed Bag for Life Insurers

SARS’s late tax refunds ‘may be ploy’

SARS’s late tax refunds ‘may be ploy’
The South African Revenue Service (SARS) has allegedly deliberately withheld tax refunds so it could reach its revenue target. “For the past three years, the office has consistently been flagging this problem as an emerging systemic issue,” said tax ombud …
SARS’s late tax refunds ‘may be ploy’