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US taxation

June 2024

  • Americans Head To The Polls To Vote In The 2022 Midterm Elections<br>WASHINGTON, DC - NOVEMBER 08: The rising sun creeps across the US Supreme Court on November 8, 2022 in Washington, DC. The Court is hearing a case today that challenges the legality of the Indian Child Welfare Act which prioritizes the placement of Native American children in foster care or adoption with relatives, other tribal members, or in other Native homes. (Photo by Samuel Corum/Getty Images)

    US supreme court rules against Washington couple in foreign investment taxation case

    The case, Moore v US, tasked the court with deciding whether a foreign investment was considered income

April 2024

  • Pregnancy ultrasound scan.

    Georgians probably benefited little from claiming fetuses on tax filings

    People can claim $3,000 deduction for fetuses reaching six weeks gestation – but ‘it’s abortion politics’ not tax policy, experts say

March 2024

  • Men in cutouts across red background

    Companies paid top executives more than they paid in US taxes – report

    Compensation for senior bosses at firms from Tesla to T-Mobile US worth more than those companies’ net tax payments, study finds
  • Man in blue suit on stage in front of American flag

    Biden denounces Trump for $2tn tax cuts as he unveils budget plan

    President proposes tax breaks for families and lower healthcare costs – and exhorts big companies to ‘pay your fair share in taxes’
  • dark clouds over a building

    ‘Huge tax breaks’: private equity prepares for a boon from Congress

    Billions in private equity and corporate taxes could be rolled back, along with what critics say is a sop for child tax credits

February 2024

  • a man speaks on stage

    Jeff Bezos could save $600m in taxes after moving to Florida

    Windfall stems from $2bn stock sale as Bezos and Lauren Sanchez pick state that doesn’t levy taxes on income or capital gains

January 2024

  • FILE - This is a display of TurboTax on display in a Costco Warehouse in Pittsburgh on Thursday, Jan. 26, 2023. U.S. regulators have barred TurboTax maker Intuit Inc. from advertising its services as “free” unless they are free for all customers, or if eligibility is clearly disclosed. In an opinion and final order, the Federal Trade Commission ruled that Intuit engaged in deceptive practices by running ads claiming consumers could file their taxes for free using TurboTax — when in fact many taxpayers did not qualify for such free offerings. (AP Photo/Gene J. Puskar, File)

    US says TurboTax maker deceived taxpayers by claiming services were ‘free’

  • A man holds up a sheet of paper that he signed

    US corporations push to roll back Trump-era tax policies they once endorsed

December 2023

  • Some of the justices expressed concern that a ruling favoring the Moores could strike at a wider array of tax code provisions.

    US supreme court hears key case that could hamper efforts to tax super-rich

    Justices appear hesitant to overturn tax on owners of foreign companies as government says to do so would cost US billions

September 2023

  • FILE PHOTO: U.S. President Biden's son Hunter to face tax charges in federal court<br>FILE PHOTO: Hunter Biden, son of U.S. President Joe Biden, departs federal court after a plea hearing on two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, U.S. July 26, 2023. REUTERS/Jonathan Ernst/File Photo

    Hunter Biden sues IRS for breaching his privacy rights over tax affairs

    President’s son is facing criminal charges over gun possession and is expected to be indicted on tax matters

August 2023

  • Paul Singer and Harlan Crow’s wife, Kathleen Crow, are both linked to the Manhattan Institute

    Billionaire-linked US thinktank behind supreme court wealth tax case lobbying

  • Treasury Secretary Janet Yellen Highlights IRS Modernization Efforts Under Implementation Of The Inflation Reduction Act<br>MCLEAN, VIRGINIA - AUGUST 02: U.S. Secretary of the Treasury Janet Yellen delivers remarks regarding the Internal Revenue Service (IRS) during an event at 22nd Century Technologies on August 2, 2023 in McLean, Virginia. Secretary Yellen spoke on “the significant progress that’s been made on modernizing the IRS and improving taxpayer service in the first year of the Inflation Reduction Act.” (Photo by Alex Wong/Getty Images)

    $80bn for the IRS? Fund the US taxman, but not like this

March 2023

  • Bernie Sanders speaks at a protest in front of the supreme court this week.

    It’s OK to be Angry about Capitalism review: Bernie Sanders, by the book

  • President Joe Biden speaks about his 2024 budget proposal at the Finishing Trades Institute in Philadelphia.

    Biden unveils ‘blue-collar’ budget plan with tax hikes for America’s wealthiest

February 2023

  • Mark Pomerantz, seen outside court in New York in 2002.

    People vs Donald Trump review: Mark Pomerantz pummels Manhattan DA

    Prosecutor who helped convict John Gotti thinks Alvin Bragg let Trump slip from the hook. His memoir proves controversial
  • Robert Reich

    Biden has revived democratic capitalism – and changed the economic paradigm

    Robert Reich
    The president’s domestic successes offer a rebuke to disciples of Reagan: the ‘free market’ has never existed
  • Donald Trump speaks in Columbia, South Carolina last week.

    Prosecutors likened Trump to mob boss and had to prove he wasn’t insane – book

    Mark Pomerantz, who was on New York team investigating tax affairs, reportedly compares ex-president to John Gotti

30 December 2022

  • Trump, wearing a red tie, speaks into a mic.

    Trump tax returns: key takeaways from the records release

    The former president had a bank account in China, failed to donate in 2020 and claims Democrats ‘weaponized’ his taxes
  • Donald Trump in Florida in February.

    US politics live
    Trump says tax returns release will ‘lead to horrible things for so many people’ – as it happened

    Former president says documents ‘show how proudly successful I have been’ – follow the latest
  • Donald and Melania Trump arrive for a speech at Mar-a-Lago in Palm Beach, Florida.

    Trump tax returns show China bank account as six years of records released

    Returns date from 2015 to 2020 and span nearly 6,000 pages as former president rails against effort by ‘radical left Democrats’
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