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Tag: Tax
The New Corporate Minimum Tax In Congress’ Climate Legislation Is A Bad Idea
WASHINGTON, DC – Sen. Joe Manchin (D-WV) leaves the Senate Chamber with Sen. Kyrsten Sinema (D-AZ) … [+] following a vote in the Senate at the U.S. Capitol Building on Wednesday, Nov. 3, 2...
Anguilla Residence Program Great For Tax Avoidance
Picture from the Caribbean island of Anguilla. getty Anguilla is a British territory located in the Caribbean. Unlike other Caribbean programs, such as those in St. Kitts, Dominica, Grenada, or Antigu...
Inflation Reduction Act EV tax credits could hurt sales
Tesla cars charge next to a traditional Texaco gas station on July 17, 2022 in Nephi, Utah. With more electric cars on the road, lack of charging infrastructure is becoming more of a problem for EV ow...
Inflation Reduction Act extends $7,500 tax credit for electric cars
David Madison | Photodisc | Getty Images A federal tax break that’s available to car buyers for going electric may work differently starting next year. Under the Inflation Reduction Act — which ...
The Democrats’ lousy tax hikes
President Biden took office in 2021 with an aggressive agenda of new programs he hoped to enact, along with a slew of tax increases to pay for them and make the tax system “fairer.” Biden has only got...
House Committee Can Get Trump’s Tax Returns, Appeals Court Rules
Topline Donald Trump’s tax returns must be turned over to the House Ways and Means Committee, a federal appeals court ruled Tuesday, the latest ruling in the ex-president’s ongoing effort to shield hi...
These States Don’t Tax Retirement Income
states that do not tax retirement income States vary widely in the way they tax retirement income so location is an important consideration in financially planning for retirement. Some states don’t le...
New Stock Buyback Tax: What It Means For Apple, S&P 500
Facing an unexpected revenue hole to finally push their climate and health care bill across the finish line, Democrats took aim at one of their longtime favorite rhetorical targets: stock buybacks. Th...
Stock Buyback Tax Will Harm State & Local Pensions
US President Joe Biden speaks at the 29th AFL-CIO Quadrennial Constitutional Convention at the … [+] Pennsylvania Convention Center in Philadelphia on June 14, 2022. (Photo by Nicholas Kamm / AF...
How top-selling electric vehicles will be affected by new tax credit
In a big win for Democrats, Senate passage of the Inflation Reduction Act brings the bill to the House, where the bill is expected to pass. If all goes as planned, the legislation could be in front of...
Tesla and 9 Other Companies That Would Take a Hit From a 15% Minimum Corporate Tax
Text size Nvidia has had a 4.7% tax rate and average pretax profit of $4.8 billion. Here, a cryptocurrency mining rig is equipped with Nvidia Geforce GPU at the Thailand Crypto Expo 2022. Andre Malerb...
Why Erling Haaland Can Avoid The ‘Bundesliga Tax’
Erling Haaland of Manchester City celebrates after scoring in the pre-season friendly match against … [+] Bayern Munich at Lambeau Field on July 23, 2022 in Green Bay, Wisconsin. (Photo by Justi...
Here’s What’s in the Senate’s Tax and Energy Bill
(Bloomberg) — The Senate passed Democrats’ landmark tax, climate and health-care bill, setting up the legislation for House approval and President Joe Biden’s signature. Most Read from Bloomberg...
Winners and Losers In Democrats’ Signature Tax and Energy Bill
(Bloomberg) — President Joe Biden and Senate Majority Leader Chuck Schumer are the biggest winners now that a huge piece of Democrats’ economic agenda is hurtling toward enactment. Most Read fro...
10 Companies That Would Take a Hit From a 15% Minimum Corporate Tax
Text size Nvidia has had a 4.7% tax rate and average pretax profit of $4.8 billion. Here, a cryptocurrency mining rig is equipped with Nvidia Geforce GPU at the Thailand Crypto Expo 2022. Andre Malerb...
Solana-hacked crypto could be claimed as a tax loss: Experts
For unlucky crypto investors looking to turn lemons into lemonade — it turns out that digital assets lost during an exploit or hack can potentially be claimed as a tax loss, provided you live in the r...
Big Wind And Big Solar Will Collect $113 Billion In Tax Credits This Decade, Manchin-Schumer Assures Billions More
The reconciliation bill now pending in Congress, known as Manchin-Schumer, (or Schumer-Manchin) … [+] assures that the lavish federal tax credits for wind- and solar-energy become permanent. (Th...
Democrats’ Bill Would Allow Auto Dealers To Claim Clean Vehicle Tax Credits
Democrats’ new clean energy package would allow auto dealers to collect the electric vehicle tax … [+] credit directly. getty The recently proposed Congressional Inflation Reduction Act of...
Japan may see a reduced 20% tax on crypto earnings with new proposal
The Japan Crypto-Asset Business Association (JCBA) and the Japan Crypto-Asset Exchange Association (JVCEA), the two prominent crypto advocacy groups in Japan, released a tax reform request that calls ...
India Enforces Heavy Crypto Tax Laws
During a time when crypto prices appear to be tanking like never before, India is dealing with heavy crypto-related tax woes. India Is Hiking Its Crypto Tax Enforcement Right now, regulators in India ...
Why did Warner Bros. kill a $90 million Batgirl movie starring Michael Keaton as Bruce Wayne? A big tax write-off probably isn’t the only reason
On Tuesday, Warner Bros. announced its plan to not move forward with the release of Batgirl, a movie that cost an estimated $90 million to produce, along with the less expensive film Scoob! Holiday Ha...
Democrats at Odds Over EV Tax Credit in Manchin-Schumer Bill
(Bloomberg) — Michigan Democratic Senator Debbie Stabenow is pushing for last-minute changes to stringent new electric-vehicle tax-credit limits in her party’s tax and spending deal amid a press...
Embryos can count as dependents on 2022 state tax returns in Georgia
Anti-abortion activists demonstrate outside the Supreme Court of the United States in Washington, June 13, 2022. Evelyn Hockstein | Reuters Residents of Georgia may now claim embryos as dependents on ...
Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies – Taxes Bitcoin News
South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resultin...