WASHINGTON—U.S. Treasury Secretary Janet Yellen, in a call on Friday with French Finance Minister Bruno Le Maire, stressed the importance of reaching a compromise on the withdrawal of digital services taxes, the Treasury Department said in a statement. Yellen also conveyed appreciation for Le Maire’s dedication to the effort of reforming the global tax system,…
Yellen Cites Need for Compromise on Digital Service Taxes in Call With French Counterpart
NTD Evening News Full Broadcast (Sept. 16)
President Joe Biden doubles down on his plan to raise taxes on the rich, around 8,000 illegal immigrants are waiting to turn themselves in to border patrol in Del Rio, Texas, and rapper Nicki Minaj is accused of spreading vaccine misinformation.
Analysis: Clashes Over Taxes, Debt Limit Challenge Rally in US Stocks
NEW YORK—Investors are ramping up their focus on Washington, as the twin prospects of a tax hike and a potentially prolonged fight over raising the debt ceiling loom over a rally in U.S. stocks. Democrats in the U.S. House of Representatives on Monday proposed raising the top tax rate on corporations to 26.5 percent from…
Democratic Budget Plan Would Increase Corporate, Income Marginal Tax Rates
After weeks of Democratic infighting over the price tag and feasibility of paying for Sen. Bernie Sanders’s (I-Vt.) $3.5 trillion budget, on Monday the House Ways and Means Committee released key information on its tax plan under the legislation. The tax plan would change the current flat rate corporations pay in taxes to a marginal…
Canadian Liberals’ Promised Hike in Bank Taxes Could Lead to Job Cuts, Higher Borrowing Costs
TORONTO—A campaign pledge by Canada’s ruling Liberals to raise corporate taxes on banks to help pay for pandemic relief could lead to job cuts and higher borrowing costs as the lenders take steps to protect their profits, investors and political analysts said. Seeking an edge in a tight race ahead of the Sept. 20 election,…
Trump Must Hand Over Two Years of Tax Records to House Panel: Judge
Former President Donald Trump’s accountants have to give two years of tax records to Democrats in Congress, a federal judge ruled Wednesday. U.S. District Court Judge Amit Mehta, in a partial win for the House Oversight Committee, said records from 2017 and 2018 must be handed over to the panel. But the Obama nominee also…
Trump Asks Court to Block Release of Tax Returns to Congress
Former President Donald Trump on Wednesday asked a court not to allow Congress to obtain his tax records, arguing the Department of Justice should not have reversed itself on the matter last week. The department’s Office of Legal Opinion said in a memorandum last week that tax officials must hand over the records to a…
Trump Lawyer: Tax Return Release Is ‘Harassment,’ Politically Motivated
A lawyer for former President Donald Trump said the Department of Justice’s recent statement that the former president must hand over his tax returns to Congress is tantamount to harassment. Last week, the Justice Department said the Department of Treasury must hand the documents over to the House Ways and Means Committee, which has long…
10 Tax Write-Offs Not to Overlook for 2021
Running a business can be an expensive undertaking. After the financial uncertainty of the past year and a half, you may face more financial pressure than usual. While many business owners dread tax season, it can be an opportunity to save money and mitigate recent losses. As a small business owner, many of your expenses may be deductible….
8 Ways to Save Money on Business Taxes
When it comes to saving money on your business taxes, it’s easy to feel overwhelmed by the sheer volume of information about what you can deduct and what you can’t. However, for small business owners, especially, it’s important to write off as much as you can in order to retain the most profit for your…
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