Tag: Taxes
Capital gains may have triggered more individual taxes for 2021
The U.S. Department of the Treasury buildingJulia Schmalz | Bloomberg | Getty ImagesSome investors may be grappling with the sting of higher-than-expe [...]
As number of billionaires climbs, new calls for wealth taxes emerge
A mobile billboard calling for higher taxes on the ultra-wealthy depicts an image of billionaire businessman Jeff Bezos, near the U.S. Capitol on May [...]
Johnson: I am not attracted intrinsically to new taxes
The PM says "no option is off the table" when asked if there are plans for a windfall tax on oil and gas firms.
www.bbc.co.uk [...]
House Democrats push for SALT relief in appropriations bill
Rep. Tom Suozzi, D-N.Y., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol on April 15, 2021 [...]
Chancellor Rishi Sunak on windfall taxes on oil and gas profits
Windfall taxes are "not the simple easy answer" to every problem, the chancellor has told MPs. But Rishi Sunak warned oil and gas firms if they did no [...]
Tax pros ‘horrified’ by IRS decision to destroy data on 30 million filers
courtneyk | E+ | Getty ImagesAn audit by the Treasury Inspector General for Tax Administration revealed the IRS has tossed data for millions of payers [...]
IRS insists destruction of taxpayer data won’t affect payers
alfexe | iStock | Getty ImagesFilers won't be affected by the IRS decision to destroy data for millions of taxpayers, the agency said in a statement T [...]
Rishi Sunak on chances of windfall taxes on energy firms
The chancellor has said he is "not naturally attracted" to windfall taxes but he is "pragmatic". Rishi Sunak told the BBC's Faisal Islam that oil and [...]
Over 60 million tax returns could be completed automatically, study says
Tom Werner | DigitalVision | Getty ImagesThe IRS may have the ability to automate nearly half of tax returns, according to a working paper from the Na [...]
Over 60 million Americans have taxes so simple the IRS could do them automatically
For many Americans, doing your taxes isn’t all that complicated. It’s just data entry.
The actual work of doing your taxes mostly involves rifling [...]
South Korea’s new president delays crypto taxes in favor of consumer protections
South Korea’s newly-elected president Yoon Seok-yeol announced Tuesday he would push to defer taxation on crypto investment gains at least until a new [...]
Residents of 3 Chinese cities paying taxes and charges with digital yuan
Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital curren [...]
Here’s what to do if you missed the April 18 tax filing deadline
Sergey Mironov | Moment | Getty ImagesIf you missed the April 18 tax deadline, you may cut back on penalties by filing your return promptly, according [...]
Crypto Taxes Fall Under EU Lawmakers' Gaze
Some worry sharing information about foreign crypto holdings is unjustified snooping – but lawmakers also reckon blockchain technology could aid tax c [...]
The Bahamian government hopes to allow residents to pay taxes with digital assets in 2022
Residents of the archipelago nation the Bahamas may soon be able to ues digital assets including the world’s first central bank digital currency, or C [...]