Two Key Republicans Could Derail Their Party's Tax Bill, Just A Day Before Its Big Reveal

Two Key Republicans Could Derail Their Party's Tax Bill, Just A Day Before Its Big Reveal
Republican Sens. Marco Rubio and Mike Lee are either opposed or “undecided” on their party’s tax bill as they seek changes to one specific policy just a day before the final version is set to be unveiled, ahead of anticipated votes in the House and Senate …
Two Key Republicans Could Derail Their Party's Tax Bill, Just A Day Before Its Big Reveal

Why Cutting the US Corporate Tax Rate Is Good Foreign Policy

Why Cutting the US Corporate Tax Rate Is Good Foreign Policy
When Ronald Reagan slashed tax rates in America in the 1980s, the obvious direct effect was more prosperity in America. But the under-appreciated indirect effect of Reaganomics was that it helped generate more prosperity elsewhere in the world. Not because …
Why Cutting the US Corporate Tax Rate Is Good Foreign Policy

Dow snaps 5-day winning streak as worries about tax bill linger

Dow snaps 5-day winning streak as worries about tax bill linger
The Dow Jones industrial average fell 76.77 points after reaching an all-time intraday high earlier in the session. The index also snapped a five-day winning streak. Republican Sen. Mike Lee was undecided on whether to support the tax bill, while Sen.
Dow snaps 5-day winning streak as worries about tax bill linger

GOP tax plan on shaky ground: Rubio announces he’s a no

GOP tax plan on shaky ground: Rubio announces he’s a no
The tax bill compromise reached by House and Senate negotiators now won’t be unveiled until Monday. And at least one new Republican defector may make it difficult for Congressional Republicans to get the measure to President Donald Trump’s desk before his …
GOP tax plan on shaky ground: Rubio announces he’s a no

Canada's Corporations pay less tax than you think | Toronto Star

Canada's Corporations pay less tax than you think | Toronto Star
For every dollar corporations pay to the Canadian government in income tax, people pay $3.50. The proportion of the public budget funded by personal income taxes has never been greater. At a time when Prime Minister Justin Trudeau has made tax fairness a …
Canada's Corporations pay less tax than you think | Toronto Star

Here are 25 companies that will benefit the most from the GOP tax plan

Here are 25 companies that will benefit the most from the GOP tax plan
Wall Street analysts have been hard at work giving clients ways to play tax reform. “We see benefits for many U.S. companies, especially those with high corporate tax rates and considerable overseas cash and investments,” CFRA’s research team wrote Wednesday.
Here are 25 companies that will benefit the most from the GOP tax plan

The Latest: Church-Politics Provision Removed From Tax Bill

The Latest: Church-Politics Provision Removed From Tax Bill
A Democratic senator taking part in talks on the GOP tax package says a provision allowing churches to endorse political candidates and still keep their tax-free status won’t be in the final bill. Oregon Sen. Ron Wyden has released a statement announcing …
The Latest: Church-Politics Provision Removed From Tax Bill

Taxpayers urged to ensure they don’t have outstanding tax debts

Taxpayers urged to ensure they don’t have outstanding tax debts
Taxpayers are urged to ensure that they don’t have any actual or erroneous tax debts, as there is a risk that the South African Revenue Service (Sars) could collect the money directly from their bank accounts or other third parties over the festive season.
Taxpayers urged to ensure they don’t have outstanding tax debts

Some Serious Math Problems for the GOP Tax Plan

Some Serious Math Problems for the GOP Tax Plan
A day after saying they had a deal on a final tax bill, House and Senate Republicans leaders were still scrambling Thursday to resolve some math problems complicating their rush to unveil the legislation on Friday and set up votes for next week. One Big …
Some Serious Math Problems for the GOP Tax Plan

3 Tax-Planning Mistakes Retirees Too Often Make

3 Tax-Planning Mistakes Retirees Too Often Make
Tax planning for retirees may sound simple on the surface. Since they typically have lower incomes and fewer deductions compared with many taxpayers, they don’t face such a comprehensive range of tax issues, right? Well, not exactly. Retirees have unique …
3 Tax-Planning Mistakes Retirees Too Often Make

GOP senators hold back support for tax bill over child tax credit

GOP senators hold back support for tax bill over child tax credit
Two Republican senators indicated Thursday they were holding back support for the final $1.5 trillion GOP tax reform bill unless a larger child tax credit is included. The strongest statement came from the office of Florida Republican Sen. Marco Rubio.
GOP senators hold back support for tax bill over child tax credit

Scottish residents to pay more income tax in first change to lower rates in 10 years

Scottish residents to pay more income tax in first change to lower rates in 10 years
Scotland’s Finance Secretary has begun to unveil his draft Budget to Holyrood – with increases in income tax for anyone earning more than £24,000. Derek Mackay is giving a statement to MSPs, detailing the Scottish Government’s draft tax and spending plans …
Scottish residents to pay more income tax in first change to lower rates in 10 years

If you're planning to buy a new car, do it before Trump's tax plan goes into effect

If you're planning to buy a new car, do it before Trump's tax plan goes into effect
Republicans reached an agreement on their final tax bill on Wednesday, making it more likely the tax-reform bill will be passed before the end of the year. But taxpayers can take advantage of some deductions this year, before they are limited or eliminated.
If you're planning to buy a new car, do it before Trump's tax plan goes into effect

South African Tax Services Researching Ways to Track BTC Transactions

South African Tax Services Researching Ways to Track BTC Transactions
To this end, the South African Revenue Service, the taxation body of the country, is seeking help from top technology companies from around the world in order to try and track Bitcoin transactions. This attempt by the South African Revenue Service (SARS …
South African Tax Services Researching Ways to Track BTC Transactions

Marco Rubio threatens to vote against the GOP tax bill unless leaders meet demands

Marco Rubio threatens to vote against the GOP tax bill unless leaders meet demands
Republican Sen. Marco Rubio told GOP leaders he would not vote for their tax bill unless the child tax credit is made more generous. Rubio has also decried the drop in the top individual tax rate in the compromise bill. Republicans can lose only two votes …
Marco Rubio threatens to vote against the GOP tax bill unless leaders meet demands

5 Myths About Tax Reform, and Why They’re Wrong

5 Myths About Tax Reform, and Why They’re Wrong
Adam Michel focuses on tax policy and the federal budget as a policy analyst in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation. Rachel Greszler is a senior policy analyst in economics and entitlements at The Heritage …
5 Myths About Tax Reform, and Why They’re Wrong

Marco Rubio opposes current GOP tax plan; Mike Lee is undecided

Marco Rubio opposes current GOP tax plan; Mike Lee is undecided
Republican Sen. Marco Rubio opposes the current GOP tax plan, while Republican Sen. Mike Lee is undecided on the legislation. If Rubio and Republican Sen. Bob Corker don’t back the plan, the GOP cannot afford to lose another vote. Rubio and Lee want to …
Marco Rubio opposes current GOP tax plan; Mike Lee is undecided

IRS Announces 2018 Mileage Rates Even Though Tax Reform Talks May Limit Use

IRS Announces 2018 Mileage Rates Even Though Tax Reform Talks May Limit Use
The Internal Revenue Service (IRS) has issued the 2018 optional standard mileage rates and beginning on January 1, 2018, the standard mileage rates for the use of a car, van, pickup or panel truck will be: 54.5 cents per mile for business miles driven (up …
IRS Announces 2018 Mileage Rates Even Though Tax Reform Talks May Limit Use

As Republican tax vote nears, more senators waver

As Republican tax vote nears, more senators waver
WASHINGTON (Reuters) – President Donald Trump’s drive to win passage of a sweeping Republican tax bill in the U.S. Congress hit potential obstacles on Thursday as two more Republican senators insisted on changes, joining a list of lawmakers whose support …
As Republican tax vote nears, more senators waver

Rubio a 'No' on Tax Bill Without Bigger Child Tax Credit: Report

Rubio a 'No' on Tax Bill Without Bigger Child Tax Credit: Report
Sen. Marco Rubio reportedly plans to withdraw his support from the Republican push for tax reform unless a more substantial child tax credit is introduced, a move that throws the GOP’s tax overhaul ambitions for an eleventh-hour loop. The Washington Post …
Rubio a 'No' on Tax Bill Without Bigger Child Tax Credit: Report

The GOP tax bill will hit Americans in radically different ways depending on how they earn their money

The GOP tax bill will hit Americans in radically different ways depending on how they earn their money
The Republican tax bill proposes a significant break for pass-through businesses. A new report from the Tax Policy Center showed how married couples making the same amount of income would pay a dramatically different amount in taxes due to the change.
The GOP tax bill will hit Americans in radically different ways depending on how they earn their money

The tax cut for Americans who earn over $1 million a year has more than tripled since the House first introduced their tax plan

The tax cut for Americans who earn over million a year has more than tripled since the House first introduced their tax plan
Republicans made a tiny change to the tax brackets that will give a boost to the ultra-wealthy. Joshua Roberts/Reuters Republican are getting closer to passing their massive tax reform plan. They recently changed the top individual tax bracket to 37%, down …
The tax cut for Americans who earn over million a year has more than tripled since the House first introduced their tax plan

GOP tax bill blocks potential bitcoin gains gambit

GOP tax bill blocks potential bitcoin gains gambit
A provision in the congressional tax bill would limit “like-kind” exchanges to real estate. Even if you don’t receive official notice of your taxable gains, you need to report them to the IRS. Typically, the IRS has up to three years after you file your …
GOP tax bill blocks potential bitcoin gains gambit

A Backdoor Tax on the Middle Class

A Backdoor Tax on the Middle Class
Republicans in Congress and President Donald Trump are poised to blow a massive hole in the budget with tax cuts slanted heavily in favor of the wealthy, including the elimination or near-elimination of the federal estate tax. The federal estate tax is …
A Backdoor Tax on the Middle Class

Republicans made a tiny change to the tax plan that will give a huge boost to the ultra-wealthy

Republicans made a tiny change to the tax plan that will give a huge boost to the ultra-wealthy
Republicans made a tiny change to the tax brackets that will give a boost to the ultra-wealthy. Joshua Roberts/Reuters Republican are getting closer to passing their massive tax reform plan. They recently changed the top individual tax bracket to 37%, down …
Republicans made a tiny change to the tax plan that will give a huge boost to the ultra-wealthy

Professions that are probably going to win big from tax reform

Professions that are probably going to win big from tax reform
• House and Senate Republicans have worked out a final tax plan, which includes a 20% deduction for certain pass-through businesses. • Business Insider’s Pedro Nicolaci da Costa wrote this will “disproportionately benefit the wealthy” by allowing rich …
Professions that are probably going to win big from tax reform

How Sen. Marco Rubio’s child tax credit could be the final big GOP tax fight

How Sen. Marco Rubio’s child tax credit could be the final big GOP tax fight
The final draft of the Republican tax bill is taking shape. The proposal gives corporations and pass-through businesses, like LLCs and partnerships, a massive tax break, makes changes to the individual rates that largely benefit America’s wealthiest, and …
How Sen. Marco Rubio’s child tax credit could be the final big GOP tax fight

Extra penny on income tax rate for Scots earning more than £24,000

Extra penny on income tax rate for Scots earning more than £24,000
Income tax for people in Scotland earning more than £24,000 a year will rise to 21p, the Scottish government has said. Holyrood’s finance secretary Derek Mackay made the announcement in his draft Budget for 2018-19 on Thursday, with higher rates of income …
Extra penny on income tax rate for Scots earning more than £24,000

Wall St set to rise at open as tax reform enters last lap

Wall St set to rise at open as tax reform enters last lap
Wall Street was poised to open higher on Thursday, aided by gains for banking shares and news that the Republicans’ tax code overhaul should face final votes in Congress before the year-end. A final bill could be formally unveiled on Friday, with …
Wall St set to rise at open as tax reform enters last lap

GOP tax cuts will strengthen our economy and drive Democrats crazy

GOP tax cuts will strengthen our economy and drive Democrats crazy
The agreement in principle announced Wednesday by House and Senate Republican leaders on a tax cut bill – heralded by President Trump at the White House – is good news for the American people. But it’s certain to upset Democrats, who just can’t …
GOP tax cuts will strengthen our economy and drive Democrats crazy

SA tax-paying ranks favourably

SA tax-paying ranks favourably
NASTASSIA ARENDSE: We are now talking about the Paying Taxes report and where South Africa ranks with Ettiene Retief, who is the chairperson of SAIPA. Ettiene, thanks so much for your time. ETTIENE RETIEF: Good afternoon. NASTASSIA ARENDSE: Let’s …
SA tax-paying ranks favourably

Tax Plan Will Increase Black Student Debt

Tax Plan Will Increase Black Student Debt
Now that the Senate and the House of Representatives have each passed their own versions of a federal tax plan, they will try to reach agreement on a single plan for both houses of Congress to approve. The two tax plans are more alike than dissimilar …
Tax Plan Will Increase Black Student Debt

Scottish income tax changes unveiled

Scottish income tax changes unveiled
The Scottish government has announced income tax changes that will see higher earners pay more than elsewhere in the UK – and lower earners pay less. The country’s finance secretary, Derek Mackay, announced a new tax band of 21p for those earning more than …
Scottish income tax changes unveiled

A Christmastime Tax Cut for Some, a Lump of Coal for Others

A Christmastime Tax Cut for Some, a Lump of Coal for Others
The tax bill moving through Congress is about 500 pages long, containing enough paper to wrap lots of Christmas presents for boys and girls across the land. The gifts in the text are tax cuts—more than $1.4 trillion of them over the next decade …
A Christmastime Tax Cut for Some, a Lump of Coal for Others

Here's Another Country Planning a Big Corporate Tax Cut—With a Twist

Here's Another Country Planning a Big Corporate Tax Cut—With a Twist
Japan’s ruling bloc approved a plan on Thursday to slash the corporate tax rate to around 20 percent from 30 percent – but only for companies that raise wages aggressively and boost domestic capital spending. The carrot-and-stick approach is Prime …
Here's Another Country Planning a Big Corporate Tax Cut—With a Twist

Trump: Americans will see 'bigger paychecks beginning in February' if GOP finishes tax bill by Christmas

Trump: Americans will see 'bigger paychecks beginning in February' if GOP finishes tax bill by Christmas
President Donald Trump says the Republican tax bill is on track to deliver “lower taxes and bigger paychecks” as early as February of next year. The GOP tax plan will “celebrate” the “forgotten people” and the “deplorables,” Trump says at the White House.
Trump: Americans will see 'bigger paychecks beginning in February' if GOP finishes tax bill by Christmas

South African Revenue Service wants to tax Bitcoin Traders income in South Africa

South African Revenue Service wants to tax Bitcoin Traders income in South Africa
According to a report by MoneyWeb, the South African Revenue Service (SARS) is currently in talks with tech companies in how they can jointly start tracking Cryptocurrencies trading. While in reality tracking blockchain transactions is very difficult …
South African Revenue Service wants to tax Bitcoin Traders income in South Africa

2 GOP Senators Slam Tax Cuts for Rich. But How Will They Vote?

2 GOP Senators Slam Tax Cuts for Rich. But How Will They Vote?
President Donald Trump insisted Wednesday that his tax cut is all about helping the middle class even as Republican leaders formed a last-minute plan to cut the top rate paid by million-dollar earners. The plan has ruffled some feathers in the GOP.
2 GOP Senators Slam Tax Cuts for Rich. But How Will They Vote?

South African tax collector takes aim at cryptocurrencies like Bitcoin

South African tax collector takes aim at cryptocurrencies like Bitcoin
According to a report by MoneyWeb, The South African Revenue Service (SARS) has opened dialogue with a number of the top technology companies in the world in order to try and enable the tax revenue service to track cryptocurrecy trades more efficiently.
South African tax collector takes aim at cryptocurrencies like Bitcoin

Congress Saves $7,500 EV Tax Credit Following Full-Court Pressure

Congress Saves ,500 EV Tax Credit Following Full-Court Pressure
As part of the last-minute tax bill discussions in Congress, the $7,500 federal tax credit for electric vehicles appears to have been saved. According to multiple reports, both the House and the Senate have agreed to keep the provision – often derided by …
Congress Saves ,500 EV Tax Credit Following Full-Court Pressure

Stamp duty tax debate 'welcome'

Stamp duty tax debate 'welcome'
The abolition of stamp duty for many first-time buyers should spark a wider debate over the taxation of property, surveyors say. New buyers purchasing a home of up to £300,000 no longer have to pay stamp duty owing to changes made in last month’s Budget.
Stamp duty tax debate 'welcome'

Investigators raid VW offices as tax fraud suspicion lingers

Investigators raid VW offices as tax fraud suspicion lingers
Prosecutors and investigators from tax authorities have raided the offices of several senior officials from German carmaker Volkswagen. The move was part of an effort to scrutinize the firm in a tax evasion probe. Investigators on Tuesday night searched …
Investigators raid VW offices as tax fraud suspicion lingers

Trump: US tax overhaul 'very close' to reality

Trump: US tax overhaul 'very close' to reality
A planned Republican overhaul of the U.S.’s tax code is near completion, President Donald Trump said Wednesday. “We are very, very close to a historic legislative victory,” he said as House and Senate leaders seek to rectify their bills against one …
Trump: US tax overhaul 'very close' to reality

Here's Another Country Planning a Big Corporate Tax Cut – With a Twist

Here's Another Country Planning a Big Corporate Tax Cut – With a Twist
Japan’s ruling bloc approved a plan on Thursday to slash the corporate tax rate to around 20 percent from 30 percent – but only for companies that raise wages aggressively and boost domestic capital spending. The carrot-and-stick approach is Prime …
Here's Another Country Planning a Big Corporate Tax Cut – With a Twist

Debate over property tax 'welcome'

Debate over property tax 'welcome'
The abolition of stamp duty for many first-time buyers should spark a wider debate over the taxation of property, surveyors say. New buyers purchasing a home of up to £300,000 no longer have to pay stamp duty owing to changes made in last month’s Budget.
Debate over property tax 'welcome'

South Africa to reinstate tax courts,

South Africa to reinstate tax courts,
the nation’s revenue service is looking at bringing back tax courts in a bid to step up its enforcement efforts. South Africa’s finance minister recently launched a probe into the South African Revenue Service after figures showed tax revenue was …
South Africa to reinstate tax courts,

Scottish income tax rises to be unveiled

Scottish income tax rises to be unveiled
Scotland’s finance secretary is expected to confirm income tax rises for middle and higher earners when he unveils his draft budget for next year. Derek Mackay will say the increase in taxation is needed to raise more money to help protect public services.
Scottish income tax rises to be unveiled

Ample tax cuts for business, wealthy in new GOP tax accord

Ample tax cuts for business, wealthy in new GOP tax accord
WASHINGTON — Generous tax cuts for corporations and the wealthiest Americans would be delivered in a sweeping overhaul of the tax laws, under a new agreement crafted by Republicans in Congress. Middle- and low-income families would receive smaller tax …
Ample tax cuts for business, wealthy in new GOP tax accord

Does the 2017 Tax Plan Eliminate Deduction for Losses from Wildfires, Other Natural Disasters?

Does the 2017 Tax Plan Eliminate Deduction for Losses from Wildfires, Other Natural Disasters?
The Tax Cuts and Jobs Act of 2017 calls for eliminating or severely curtailing the personal casualty deduction for losses from wildfires and other natural disasters. But although the quote is real and the Times article confirmed that the deduction was on …
Does the 2017 Tax Plan Eliminate Deduction for Losses from Wildfires, Other Natural Disasters?

Japan's ruling bloc approves big corporate tax cut to encourage wage hikes

Japan's ruling bloc approves big corporate tax cut to encourage wage hikes
The annual tax code revision is expected to be endorsed by Abe’s cabinet and submitted to parliament early next year for approval by April 1, the start of the next fiscal year. TOKYO: Japan’s ruling bloc approved a plan on Thursday to slash the corporate …
Japan's ruling bloc approves big corporate tax cut to encourage wage hikes

Child tax credit will be expanded in final bill, Sen. Mike Lee says

Child tax credit will be expanded in final bill, Sen. Mike Lee says
by Joseph Lawler | Dec 13, 2017, 8:47 PM Share on Twitter Share on Facebook Email this article Share on LinkedIn Print this article GOP leadership on Wednesday hinted that a child tax credit, pushed by Republican Sens. Marco Rubio of Florida and Mike Lee …
Child tax credit will be expanded in final bill, Sen. Mike Lee says

Still in Play: Estate Tax and State and Local Taxes

Still in Play: Estate Tax and State and Local Taxes
With a broad agreement reached on sweeping tax cuts, Republicans said that smaller decisions about the design of various provisions, such as over a repeal of the estate tax and deductions for state and local taxes, were going down to the wire. Republicans …
Still in Play: Estate Tax and State and Local Taxes

Government sets aside Rs 10,000-cr tax demand on tech companies

Government sets aside Rs 10,000-cr tax demand on tech companies
According to the notices slapped by the service tax department, supplying software to clients outside India does not tantamount to exports of services. MUMBAI: The government said it has given relief to the information technology and IT-enabled services …
Government sets aside Rs 10,000-cr tax demand on tech companies

Terms & Other Tidbits You Need To Know: Your Guide To Understanding Tax Reform

Terms & Other Tidbits You Need To Know: Your Guide To Understanding Tax Reform
You can’t go anywhere these days without hearing about those tax proposals. Tax law can be tricky. If you don’t know your personal exemption from your standard deduction, or your Schedule A from your Schedule C, I’ve got you covered. Here’s what …
Terms & Other Tidbits You Need To Know: Your Guide To Understanding Tax Reform

Republicans forge tax deal, final votes seen next week

Republicans forge tax deal, final votes seen next week
WASHINGTON (Reuters) – Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans.
Republicans forge tax deal, final votes seen next week

Doug Jones' win in Alabama will add jet fuel to the GOP's tax-bill push

Doug Jones' win in Alabama will add jet fuel to the GOP's tax-bill push
House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell. Mark Makela/Reuters The Democrat Doug Jones’ win in the special election in Alabama will give the GOP an even narrower majority in the US Senate. Jones will not join the Senate for a few …
Doug Jones' win in Alabama will add jet fuel to the GOP's tax-bill push

U.S. Republicans forge tax deal, final votes seen next week

U.S. Republicans forge tax deal, final votes seen next week
WASHINGTON (Reuters) – Congressional Republicans reached a deal on final tax legislation on Wednesday, clearing the way for final votes next week on a package that would slash the U.S. corporate tax rate to 21 percent and cut taxes for wealthy Americans.
U.S. Republicans forge tax deal, final votes seen next week

Trump announces Americans will see tax cuts by February, if plan passes on schedule

Trump announces Americans will see tax cuts by February, if plan passes on schedule
President Trump on Wednesday made his closing argument for passing a sweeping tax reform package, dangling the prospect of Americans seeing tax cuts by February if Congress can pass a bill by Christmas. “We’re so close right now, so close,” the …
Trump announces Americans will see tax cuts by February, if plan passes on schedule

The rich win big in the final GOP tax-cut bill

The rich win big in the final GOP tax-cut bill
In the original tax-cut bill passed by the House in November, the top income tax rate remained unchanged at 39.6%. In the Senate bill that passed in early December the top rate came down to 38.5%. Then, House and Senate negotiators met to hash out a final …
The rich win big in the final GOP tax-cut bill

Families of patients fear GOP tax plan will slash drug development for rare diseases

Families of patients fear GOP tax plan will slash drug development for rare diseases
Of all the proposals in the GOP tax plan, none may be more important to families like Jay and Amy Granzow than an obscure provision on “orphan” drug research. The Granzows, who live in Manhattan Beach, fear that the final tax bill will end up killing …
Families of patients fear GOP tax plan will slash drug development for rare diseases

TAX-REFORM MEETING GETS UGLY: 'When you create the manure, you have to walk in it'

TAX-REFORM MEETING GETS UGLY: 'When you create the manure, you have to walk in it'
The House and Senate held a joint hearing with the tax-reform bill’s conferees to hash out the differences between the two chambers’ respective bills. Republicans reached an agreement before the hearing began, angering Democrats. The hearing became tense …
TAX-REFORM MEETING GETS UGLY: 'When you create the manure, you have to walk in it'

Republican lawmakers say historic tax deal is agreed

Republican lawmakers say historic tax deal is agreed
US Republican lawmakers say they have agreed to a deal paving the way for the biggest overhaul of the country’s tax system in 30 years, US media report. There has been no full announcement but reports suggest a plan to bring the US corporate tax rate down …
Republican lawmakers say historic tax deal is agreed

College coaches' salaries increase despite threat of new tax

College coaches' salaries increase despite threat of new tax
A potential new tax on seven-figure salaries for employees of non-profits hasn’t deterred schools from doling out huge contracts to new coaches. Football powers aiming for a national title have continued to pay the market rate for proven coaches, topped by …
College coaches' salaries increase despite threat of new tax

Trump gives remarks on tax bill as GOP races to reach a deal

Trump gives remarks on tax bill as GOP races to reach a deal
ABC News’ Eva Pilgrim, Jordyn Phelps, and Rick Klein discuss the latest on the president’s tax plan and dysfunction in his administration following Roy Moore’s loss to Doug Jones in the Alabama Senate race.
Trump gives remarks on tax bill as GOP races to reach a deal

Americans are about to lose a tax deduction worth over $500 billion every year — here's what to do now before Trump's tax plan goes into effect

Americans are about to lose a tax deduction worth over 0 billion every year — here's what to do now before Trump's tax plan goes into effect
It looks like the Republican tax plan might actually be passed before the end of the year. For taxpayers who itemize their deductions, that could mean an increased tax bill in 2018. But there are some things you can do now to prepare for the looming …
Americans are about to lose a tax deduction worth over 0 billion every year — here's what to do now before Trump's tax plan goes into effect

The Latest: Trump lauds deal on GOP tax cuts

The Latest: Trump lauds deal on GOP tax cuts
WASHINGTON (AP) — The Latest on the Republican tax overhaul (all times local): 3:24 p.m. President Donald Trump is explaining how the tax-overhaul plan working its way through Congress would cut tax bills for middle-class families. Speaking in the grand …
The Latest: Trump lauds deal on GOP tax cuts

Republicans reach a tentative tax deal; Trump says he'd sign a bill with 21% corporate rate

Republicans reach a tentative tax deal; Trump says he'd sign a bill with 21% corporate rate
House and Senate leaders have a tentative deal on a final tax bill, Sen. Orrin Hatch says. Hatch did not go into any more details about what the plan would contain. President Trump says Republicans are “very close” to passing a bill and says he would sign …
Republicans reach a tentative tax deal; Trump says he'd sign a bill with 21% corporate rate

3 Reasons Entrepreneurs Should Cheer Tax Reform

3 Reasons Entrepreneurs Should Cheer Tax Reform
Let’s face it. American’s aren’t very fond of taxes. The current tax code has been called unfair, overly complex and burdensome. Most taxpayers find the thought of doing their tax return on a postcard very appealing. Tax reform has not been finalized, but …
3 Reasons Entrepreneurs Should Cheer Tax Reform

Canadians want Ottawa to ban use of tax havens, poll finds

Canadians want Ottawa to ban use of tax havens, poll finds
Ninety per cent of Canadians believe tax havens are morally wrong and 87 per cent think the law should be changed to ban their use, according to a new poll released Wednesday. “We knew there was broad support out there to end tax havens, but the response …
Canadians want Ottawa to ban use of tax havens, poll finds

GOP leaders reach tax deal, cutting corporate rate to 21% and top individual rate to 37%

GOP leaders reach tax deal, cutting corporate rate to 21% and top individual rate to 37%
GOP leaders on Wednesday agreed on a final tax cut plan that would lower the corporate rate to 21% and drop the top individual rate to 37%, according to a Republican source briefed on the deal. Earlier House and Senate versions of the measure would have …
GOP leaders reach tax deal, cutting corporate rate to 21% and top individual rate to 37%

Congress ratifies tax reform bill

Congress ratifies tax reform bill
Congress has finally ratified the controversial tax reform measure that would raise the take home pay of 7.5 million individual income tax payers and at the same time impose higher taxes on fuel, cars, tobacco, coal and mining, among others. Voting …
Congress ratifies tax reform bill

The Trump tax cuts will help Republicans more than Democrats

The Trump tax cuts will help Republicans more than Democrats
The tax cuts Congress is likely to pass by the end of the year will benefit many Americans, harm some and leave others unaffected. Perhaps it’s no surprise that Republicans across the country will benefit more from the cuts than Democrats or Independents …
The Trump tax cuts will help Republicans more than Democrats

GOP leaders near deal on tax reform bill: 'We are very close'

GOP leaders near deal on tax reform bill: 'We are very close'
House and Senate Republican leaders are on the verge of a deal for a final tax-reform bill, which President Trump promised Wednesday would slash taxes for corporations and middle-class Americans. “We are very close to a legislative victory,” said Trump …
GOP leaders near deal on tax reform bill: 'We are very close'

Republicans have a final deal on their tax bill — here's what's in it

Republicans have a final deal on their tax bill — here's what's in it
House and Senate Republicans have come to a preliminary final agreement on their compromise tax bill. The compromise bill would cut the corporate tax rate to 21% — instead of 20% in the original bills, but still much lower than the current 35% rate.
Republicans have a final deal on their tax bill — here's what's in it

House and Senate tax bills treat disaster victims unequally

House and Senate tax bills treat disaster victims unequally
If the House Republican tax bill became law, victims of hurricanes in Texas and Florida who’ve yet to account for all their losses could deduct them on their 2018 taxes. Not so for victims of the California wildfires. If the Senate version prevailed …
House and Senate tax bills treat disaster victims unequally

Tax cuts and rate hikes are on the way, starting Wednesday, CNBC's survey of Fed watchers finds

Tax cuts and rate hikes are on the way, starting Wednesday, CNBC's survey of Fed watchers finds
Respondents to CNBC’s Fed Survey were nearly unanimous in believing the Fed will hike interest rates at the end of its two-day meeting this Wednesday. The Fed is seen hiking three times next year, according to the survey. On average, respondents see the …
Tax cuts and rate hikes are on the way, starting Wednesday, CNBC's survey of Fed watchers finds

Alabama Election Decreases The Odds Of A Tax Bill And Increases The Chance Of A Shutdown

Alabama Election Decreases The Odds Of A Tax Bill And Increases The Chance Of A Shutdown
The chances of the tax bill being enacted were reduced by last night’s special election in Alabama, and that makes a government shutdown more likely. The new Democratic senator from Alabama won’t be sworn in until late December at the earliest and …
Alabama Election Decreases The Odds Of A Tax Bill And Increases The Chance Of A Shutdown

The Senate's Tax Cuts And Jobs Act Would Do Little For Families With Children

The Senate's Tax Cuts And Jobs Act Would Do Little For Families With Children
At first glance, the Senate version of the Tax Cuts and Jobs Act (TCJA), looks friendlier to families with children than the House plan. Rather than increasing the Child Tax Credit (CTC) from the current law amount of $1,000 per child under 17 to $1,600 as …
The Senate's Tax Cuts And Jobs Act Would Do Little For Families With Children

Trump to make final tax push as Republican negotiators near deal

Trump to make final tax push as Republican negotiators near deal
WASHINGTON (Reuters) – U.S. President Donald Trump will make a final push on Wednesday to shepherd a Republican tax overhaul across the finish line, hosting congressional negotiators for lunch before a speech in which he will make closing arguments for the …
Trump to make final tax push as Republican negotiators near deal

Families of patients fear GOP tax plan will scuttle drug development for rare diseases

Families of patients fear GOP tax plan will scuttle drug development for rare diseases
Of all the proposals in the GOP tax plan, none may be more important to families like Jay and Amy Granzow than an obscure provision on “orphan” drug research. The Granzows, who live in Manhattan Beach, fear that the final tax bill will end up killing …
Families of patients fear GOP tax plan will scuttle drug development for rare diseases

Is the Republican Tax Plan Intentionally Sloppy?

Is the Republican Tax Plan Intentionally Sloppy?
The Republican tax bill being negotiated this week is like a Sudoku puzzle: daunting to novices, but in the hands of an experienced master, a simple case of plugging in numbers. The opportunities for gaming the new rules will make tax lawyers unspeakably …
Is the Republican Tax Plan Intentionally Sloppy?

GOP tax bill would include 21% corporate tax rate: Sources

GOP tax bill would include 21% corporate tax rate: Sources
The current version of the tax plan features a 21 percent corporate rate, two people briefed on the plan told CNBC. It also would feature a top individual tax rate of 37 percent and allow homeowners to deduct mortgage interest on loans up to $750,000, up …
GOP tax bill would include 21% corporate tax rate: Sources

South Africa: Vat Fraudster Sentenced to 12 Years Imprisonment

South Africa: Vat Fraudster Sentenced to 12 Years Imprisonment
A Cape Town man will serve 12 years effective imprisonment for large-scale Value Added Tax (VAT) fraud worth R15 million, said the South African Revenue Service (SARS). Johannes Tobias Wessels from Kraaifontein was sentenced to 12 years imprisonment for …
South Africa: Vat Fraudster Sentenced to 12 Years Imprisonment

The United States Is Already a Low-Tax Country

The United States Is Already a Low-Tax Country
The United States is a low-tax country. This is not a widely accepted point, granted. The share of Americans who say that their taxes are too high is at roughly 50 percent, a 15-year peak. Moreover, Republicans have sold their tax bill as an essential tax …
The United States Is Already a Low-Tax Country

Tax Cut And Jobs Act's Phase-Ins, Phase-Outs And Sunsets Do Not Make A Pretty Picture

Tax Cut And Jobs Act's Phase-Ins, Phase-Outs And Sunsets Do Not Make A Pretty Picture
Among the complexities of the Tax Cuts and Jobs Act are its multiple timing changes. Both the House and Senate bills are filled with delayed effective dates, sunsets and phase-outs. Take the Senate version: A few provisions would take effect this year …
Tax Cut And Jobs Act's Phase-Ins, Phase-Outs And Sunsets Do Not Make A Pretty Picture

Doug Jones' apparent win makes the GOP's tax reform push even more urgent

Doug Jones' apparent win makes the GOP's tax reform push even more urgent
Doug Jones is the apparent winner in Alabama’s Senate election. His victory would bring the GOP Senate majority to a narrow 51 seats, potentially jeopardizing a tax reform vote if it took place once he is seated. Republicans want to pass their tax plan …
Doug Jones' apparent win makes the GOP's tax reform push even more urgent

Tax package would lower top tax rate for wealthy Americans

Tax package would lower top tax rate for wealthy Americans
WASHINGTON – Congressional Republicans on Tuesday rushed toward a deal on a massive tax package that would reduce the top tax rate for wealthy Americans to 37 percent and slash the corporate rate to a level slightly higher than what businesses and …
Tax package would lower top tax rate for wealthy Americans

The brutal reviews for the GOP tax bill are piling up

The brutal reviews for the GOP tax bill are piling up
Two new polls showed that the GOP tax bill is deeply unpopular, echoing other surveys. A USA Today/Suffolk University poll found that 32% of people approved of the bill, while 48% disapproved. A Marist University poll found that 52% of Americans think the …
The brutal reviews for the GOP tax bill are piling up

Tax revenue collection on the up

Tax revenue collection on the up
TAX revenue collected has all but doubled in 10 years, increasing from R572.8bn in 2007/08,Picture: Supplied TAX revenue collected has all but doubled in 10 years, increasing from R572.8bn in 2007/08 to R1144.1bn in 2016/17, growing by R571.3 bn.
Tax revenue collection on the up

Doug Jones’s stunning victory could be the beginning of the end of tax reform

Doug Jones’s stunning victory could be the beginning of the end of tax reform
It was supposed to be smooth sailing for the Republican tax plan from here on out. Both the House and the Senate have passed bills that would fundamentally change the tax code for the next generation. They still have some details to hash out between them …
Doug Jones’s stunning victory could be the beginning of the end of tax reform

Tax reform bills treat disaster victims differently – some get help, some don’t

Tax reform bills treat disaster victims differently – some get help, some don’t
If the House Republican tax bill became law, victims of hurricanes in Texas and Florida who have yet to account for all their losses could deduct them on their 2018 taxes. Not so for victims of the California wildfires. If the Senate version prevailed …
Tax reform bills treat disaster victims differently – some get help, some don’t

Debunking the myths around tax-efficient investing

Debunking the myths around tax-efficient investing
Tax-efficient investing is a poorly understood market. This was evident in a recent poll of 2,200 people by national financial planning firm Fairstone, which found that just eight per cent of people are aware of venture capital trusts (VCTs), and a tiny …
Debunking the myths around tax-efficient investing

Republican leaders still hammering out differences on tax bill, with final votes expected next week

Republican leaders still hammering out differences on tax bill, with final votes expected next week
Ahead of a pivotal meeting Wednesday, House and Senate negotiators swapped new offers on the GOP tax bill as they hurry to resolve differences and regain momentum for passage of President Trump’s top priority. The focal point of the $1.5-trillion tax …
Republican leaders still hammering out differences on tax bill, with final votes expected next week

Why the Trump Tax Cuts Might Jack Up the Deficit More Than Anybody Expects

Why the Trump Tax Cuts Might Jack Up the Deficit More Than Anybody Expects
Republicans in Congress have spent weeks insisting their tax-cut plan would increase rather than decrease tax revenue, the findings of every credible budget estimate notwithstanding. Yesterday, the Treasury Department published an “analysis” purporting …
Why the Trump Tax Cuts Might Jack Up the Deficit More Than Anybody Expects

Crucial details of Republican tax plan in flux as deal deadline looms

Crucial details of Republican tax plan in flux as deal deadline looms
WASHINGTON (Reuters) – Crucial details of the Republican tax plan, including the proposed corporate rate, were in flux late on Tuesday as negotiators from the U.S. Congress rushed to finalize the plan ahead of a self-imposed Wednesday deadline. Republican …
Crucial details of Republican tax plan in flux as deal deadline looms

Why The Kennedy Tax Cut Never Really Happened

Why The Kennedy Tax Cut Never Really Happened
The U.K.-based Financial Times recently discussed U.S. economic events of the 1960s, including “tax cuts under President John F. Kennedy in 1964.” This statement is surely jarring to Americans for whom the date November 22, 1963 (Kennedy’s …
Why The Kennedy Tax Cut Never Really Happened

GOP plan would stick millions with bigger tax bills—this chart shows your odds of getting hit

GOP plan would stick millions with bigger tax bills—this chart shows your odds of getting hit
It’s being billed as a “massive tax cut,” but millions of American households will end up paying more to the Treasury if the GOP approves a final tax plan and President Donald Trump signs it into law. Your odds of being hit with a bigger bill depend on a …
GOP plan would stick millions with bigger tax bills—this chart shows your odds of getting hit

Tax Legislation Must Repeal the Death Tax

Tax Legislation Must Repeal the Death Tax
Daren Bakst studies and writes about agriculture subsidies, property rights, environmental policy, food labeling and related issues as The Heritage Foundation’s research fellow in agricultural policy. Read his research. Lawmakers are currently working …
Tax Legislation Must Repeal the Death Tax

Sars plans to revive tax courts

Sars plans to revive tax courts
The South African Revenue Service (Sars) hopes to reinstitute tax courts as it steps up its enforcement efforts. Speaking at the release of the 10 th annual edition of the Tax Statistics, Dr Randall Carolissen, Sars group executive for research, said tax …
Sars plans to revive tax courts

Goldman sees Congress approving tax bill, but companies won't see cuts until 2019

Goldman sees Congress approving tax bill, but companies won't see cuts until 2019
Goldman economists expect tax law to be enacted in the next two weeks, but they don’t expect tax cuts for corporations to go into effect until 2019. The economists note that one consequence of a plan to limit deductibility of interest expenses and other …
Goldman sees Congress approving tax bill, but companies won't see cuts until 2019