Category: tax

Superman Actor Dean Cain Sells $7.25 Million California Home, Moves to Nevada Citing ‘Terrible’ Policies

Superman actor Dean Cain has left his Malibu, California home due to its “terrible” policies, joining a string of other Hollywood actors fleeing the Golden State. Cain, best known for his role as Superman/Clark Kent in ABC’s “Lois & Clark: The New Adventures of Superman,” which ran from 1993 to 1997, made the comments in an interview with Fox News’s Brian…


IN-DEPTH: Bribery Case Targeting Falun Gong Reveals CCP’s ‘Covert Warfare’ in US

Chen Jun, the man recently arrested over a bribery scheme to help the Chinese communist regime carry out its repression in the United States, is no stranger to sculptor Chen Weiming. He had heard Chen Jun’s threats years ago. “Let me tell you, if you have a Chinese passport, and we take a photo of…


The IRS Has More Power Than You Think to Collect Taxes

One U.S. agency that many people fear is the Internal Revenue Service (IRS). Of course, there is no need to fear when you honestly report your taxes. When taxes are not reported honestly, there is a good reason to fear the agency because it has more power than any other U.S. agency. The IRS operates…


BC Extends Reach of Property Tax Aimed at Turning Empty Houses Into Rental Homes

British Columbia is expanding the tax it created to clamp down on real estate speculation and ensure homes in rental-strapped communities don’t sit empty. A statement from the Ministry of Finance says the Speculation and Vacancy Tax now includes the municipalities of North Cowichan, Duncan, Ladysmith, Lake Cowichan, Lions Bay and Squamish. Starting early next…


Victorian Private Schools to Foot an Additional $7M Under State Tax Changes

Victoria’s peak body representing the state’s independent schools has “expressed alarm” over the Andrews government’s payroll tax levy that could see private schools pay up to $7 million (US$4.5 million) in additional tax per year. This follows Victoria’s state budget, in which Premier Daniel Andrews said private schools have had “a sweetheart taxation deal” that…


IRS Whistleblower in Hunter Biden Tax Probe Reveals Identity, Says IRS ‘Slow-Walked’ Investigation

An insider at the Internal Revenue Service (IRS) has revealed himself by name for the first time after filing an anonymous whistleblower disclosure about the agency’s handling of an alleged investigation into President Joe Biden’s son, Hunter Biden. Attorney Mark D. Lytle of Nixon Peabody LLP revealed the whistleblower complaint in an April 19 letter…


EU Seeks Top Court Backing in $14 Billion Tax Fight Against Apple

LUXEMBOURG—EU competition regulators appealed to the bloc’s highest court on Tuesday to override a lower tribunal and make Apple pay a record 13 billion euros ($14.3 billion) in Irish back taxes. The case, which has far-reaching implications for corporate tax bills, is the most high-profile of EU antitrust chief Margrethe Vestager’s campaign against sweetheart deals…


Actor Jeremy Renner Wants Tax Credits for Film Projects in Northern Nevada, but He May Have to Wait

CARSON CITY, Nev.—Actor Jeremy Renner’s hopes to expand a measure for the film industry to northern Nevada were effectively dashed Monday when the bill’s sponsor said it’s too late to entertain in the current legislative session. A bill moving through the Nevada Legislature would provide $190 million annually in tax credits over at least 20…



IRS Takes Steps to Protect Identity of Workers to Deter Personal Threats

The Internal Revenue Service (IRS) on May 11 said it will start limiting workers’ personal identification information on communications with taxpayers in June to reduce threats aimed at IRS employees. The Treasury Department’s inspector general for tax administration said in a May 8 report (pdf) that it was “concerned that taxpayers and anti-government or anti-tax groups…