Topic
tax
60 stories related to this topic, newest first.
politics3 hrs ago
Federal Judge Penalizes Attorneys in IRS Settlement Case
A federal judge penalized the attorneys involved in a settlement between the U.S. government and President Trump. The court action follows the resolution of a tax dispute with the IRS.
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electrek.cotechnology6 hrs ago
Tesla Tells DC Council It Is Developing a Wheelchair-Accessible Robotaxi
Tesla senior policy advisor India Herdman told the DC City Council on Monday that the company is developing a purpose-built wheelchair-accessible autonomous vehicle. The statement came during a hearing on a bill to allow robotaxi services in the District. No timeline or further d…
finance7 hrs ago
IEA Head Says Europe Made Major Mistake on Electrification
Fatih Birol stated that Europe's 23 percent electrification rate is a major mistake holding back competitiveness. The European Commission plans measures next week to lower electricity taxes and promote heat pumps and electric vehicles.
Forbesbusiness8 hrs ago
Warren Asks Dimon About Epstein Ties and 2009 UK Bankers’ Tax Call
Sen. Elizabeth Warren sent a letter to JPMorgan Chase CEO Jamie Dimon last week asking about his interactions with Jeffrey Epstein. The Senate Banking Committee published the letter Monday after the Financial Times reported the outreach Sunday.
freepressjournal.inworld9 hrs ago
High Court Questions Petition on Yeshiva Tax Benefits After Policy Shift
Israel's High Court examined whether a petition on yeshiva tax benefits should proceed after the state adopted the petition's central argument and implemented a new policy. The state representative stated that the benefit, though formally granted to donors, amounted to indirect s…
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algemeiner.comworld9 hrs ago
Jerusalem and Tel Aviv Approve First Municipal Digital Wallet
Jerusalem and Tel Aviv-Yafo approved Israel's first municipal digital wallet, MuniBox, on Monday. The platform lets residents pay taxes and education fees through a single mobile app.
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legalinsurrection.comscience14 hrs ago
Pentagon Halts Reviews for 155 Onshore Wind Projects Citing Radar Interference with Drone Detection
The Defense Department has paused reviews for projects totaling 44 gigawatts in 24 states for nearly a year. Developers report $2 billion in added costs and missed federal tax credit deadlines.
etftrends.comfinance16 hrs ago
South Korea Forecasts 500 Trillion Won Tax Revenue and 800 Trillion Won Spending for 2027
Budget Minister Park Hong-keun announced the record projection at a presidential office meeting on July 13. The government plans a future response fund and 800 trillion won in next-year spending.
ukconstitutionallaw.orgworld16 hrs ago
New High Court Division for Tribunal Appeals Begins Operations in Nairobi
Chief Justice Martha Koome established the division, which began operations July 1 at the Milimani Law Courts. It will handle appeals from specialized tribunals except the Tax Appeals Tribunal.
Yonhapbusiness14 hrs agoUpdated
South Korea to Create Fund for Future Industries Using Semiconductor Tax Revenue
President Lee Jae Myung said Monday the government will establish a future response fund financed by extra tax revenue from the AI semiconductor boom. The fund will support investments in future industries, youth policies, regional development and education.
livemint.comworld1 day ago
Uber Pushes Hybrid Ride-Hail Rules in New Jersey and Washington
Uber lobbyists have proposed rules requiring human drivers to handle most rides during a three-year transition period. The measures would apply in New Jersey and Washington, D.C., and could limit standalone robotaxi services.
sbs.com.aubusiness1 day ago
Labor Proposes 30 Percent Minimum Tax on Discretionary Trusts From Mid-2028 With Exemptions and Rollover Relief
The plan targets about 210,000 small businesses and is projected to raise $4.47 billion in its first year. Rollover relief would waive federal taxes on restructures, but state stamp duties remain unresolved. Consultation runs until the end of July 2026.
theconversation.compolitics1 day ago
Tax-Advantaged Savings Accounts for U.S. Children Launched July 4
The accounts allow annual family contributions of up to $5,000 for children 18 and younger, with a one-time $1,000 Treasury deposit for those born 2025-2028. Funds grow tax-deferred in U.S. stock funds and convert to traditional IRAs at age 18.
cnbc.comtechnology1 day ago
Trump Accounts for Children Launch July 4 with $1,000 Treasury Deposits for Babies Born 2025-2028
The accounts allow families to contribute up to $5,000 annually after a government seed. Projections show potential growth to hundreds of thousands by age 18 under conservative returns. Experts highlight tax rules and control risks at age 18.
benzinga.combusiness1 day ago
Lume Cannabis Reports $190 Million Revenue and $10 Million Tax Bill in 2025
David Morrow cofounded Lume in 2019 after selling Warrior Sports. The company runs a 225,000-square-foot facility in Evart and 40 dispensaries statewide.
app.buzzsumo.comai1 day ago
AI Platforms Train Bots to Hold Personalized Political Text Conversations with Voters
Npr reported that AI tools are enabling campaigns to deploy bots that mimic candidates in text messages and gather voter data. Several companies described their systems as scalable volunteers that answer questions on issues like education and taxes. Experts noted faster adoption…
Euronewsscience1 day ago
European Commission Withdraws €2 Million Grant After Venice Biennale Allows Russian Pavilion Reopening
The European Commission revoked a €2 million grant to the Venice Biennale for 2025-2028 after the foundation confirmed plans to reopen the Russian pavilion. Commissioner Henna Virkkunen cited the need to uphold democratic values in taxpayer-funded culture. Euronews reported the m…
nypost.comworld2 days ago
Mets Select Right-Handed Pitcher Carson Wiggins at No. 27 in 2026 MLB Draft
The New York Mets selected University of Arkansas right-hander Carson Wiggins with the 27th overall pick on the first day of the 2026 MLB Draft. The selection came after the team lost draft position due to prior luxury-tax spending and forfeited its second-round choice after sign…
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nypost.comsports2 days ago
Yankees select Arkansas left-hander with 35th overall pick in MLB draft
The New York Yankees used the 35th overall selection to draft a left-handed pitcher from the University of Arkansas. The pick came after the team lost 10 draft positions due to exceeding the competitive balance tax threshold.
The Sydney Morning Heraldpolitics2 days ago
Australia's illicit tobacco commissioner says cutting excise unlikely to end illegal trade
The nation's illicit tobacco commissioner told economists that even abolishing excise would leave criminal networks profitable. Research presented at the same conference showed illegal sales rose before recent tax increases.
investing.combusiness2 days ago
U.S. Postal Service Raises Forever Stamp Price to 82 Cents on July 12
The increase marks the eighth postage hike in five years. The IRS also introduced an automatic penalty relief process for qualifying taxpayers starting with 2025 returns.
teslarati.comtechnology2 days ago
Tesla launches unsupervised Robotaxi service in Miami
Tesla began operating its Robotaxi ride-hailing service in Miami without human safety drivers on June 3. The initial geofence covers a 10- to 14-square-mile zone in western Miami-Dade County. The company has not disclosed fleet size, but reports indicate three vehicles were activ…
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deadline.compolitics3 days ago
Tunisian National Gets 42 Months for £160,000 Benefits Fraud
Adam Mejri, 47, was sentenced at Southwark Crown Court on July 10 after admitting fraud involving employment support allowance, housing benefit and council tax support. The scheme included repeated attempts to access a Grenfell Tower compensation fund using a stolen identity.
espn.comsports3 days ago
Dodgers enter MLB draft with one pick in top 130 selections
The team holds a single selection at No. 40 after losing earlier picks to luxury-tax penalties and qualifying-offer signings. Officials said the reduced bonus pool limits spending during the draft that begins Saturday.
espn.comsports3 days ago
LIV Golf CEO says league has billions in net operating losses
The league's chief executive told Sportico that the losses create tax benefits for potential investors in the United States and the United Kingdom. LIV Golf is seeking $250 million to $350 million after its main backer ended funding after the 2026 season.
nbcnews.compolitics3 days ago
Democratic Senate Candidate Seeks Tax Filing Extension Past Primary
Abdul El-Sayed, a candidate in Michigan's Democratic primary for U.S. Senate, said he requested an extension for tax filings due to foreign property records. Opponent Rep. Haley Stevens questioned the timing during a debate.
abcnews.go.combusiness3 days ago
Manhattan Led U.S. in New Tax Filers but Lost $922 Million in Income
IRS data showed Manhattan gained the most new tax filers of any U.S. county between 2022 and 2023 while losing $922 million in adjusted gross income. Several other New York counties recorded large net outflows of filers during the same period.
The Independentfinance4 days ago
UK loses £600 million yearly tax revenue under US exemption
Britain is set to forgo about £600 million in yearly tax receipts after the United States received an exemption from a 15 percent global minimum tax agreed by nearly 150 countries. HMRC officials disclosed the figure during a Public Accounts Committee hearing examining multinatio…
The Independentpolitics4 days ago
UK to miss out on £600m in tax due to US exemption, says HMRC
HMRC estimates the United Kingdom will forgo about £600 million annually after the United States received an exemption from the global minimum tax agreement. The figures were released during a review by Parliament’s Public Accounts Committee.
freepressjournal.inbusiness4 days ago
California budget adds tax on health providers and software downloads
State lawmakers approved two new taxes expected to raise roughly $2.9 billion annually. One extends a levy on health care providers; the other applies sales tax to software downloads.
biggerpockets.combusiness4 days ago
IRS Extends Deadline for COVID Refund Claims to July 10
A federal court ruling extended the IRS filing deadline to July 10, 2023, giving affected taxpayers until July 10, 2026, to seek refunds. The National Taxpayer Advocate said most must file a protective claim to preserve rights.
politics3 days agoUpdated
Families Add Nearly $125 Million to Trump Accounts in First Five Days
Personal contributions to the tax-deferred accounts for children began July 4. More than 500,000 new accounts opened and total accounts exceeded 6.5 million by July 9.
unicornriot.ninjasports3 days agoUpdated
Israeli Strike on Taxi in Gaza City Kills Aid Worker and Three Others; Military Says It Targeted Hamas Operative
Mohammed al-Wahidi, 65, died Tuesday when an Israeli missile hit the taxi he rode in Sabra, Gaza City. Three others died with him, including two boys aged eight and ten.
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en.globes.co.ilbusiness4 days ago
State budget signed at $63 billion without new taxes or vetoes
Officials approved a $63 billion spending plan that increases outlays by 4 percent from the prior year. The measure adds new laws on school funding and sexual assault protections while leaving tax and fee rates unchanged.
Forbespolitics3 days agoUpdated
Federal Landmark Projects Advance with $1.2 Billion in Funding
Construction crews placed tarps printed with North Portico column images over scaffolding at the White House on Thursday during stone repairs. The work forms part of 18 major projects estimated at $1.2 billion across Washington, most funded by taxpayers. Additional efforts includ…
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ndtv.comfinance4 days ago
Nigerian Court Adjourned Tax Evasion Case Against Binance Until September
A federal high court in Abuja postponed the tax evasion trial against Binance Holdings Ltd. The adjournment followed statements that the parties were discussing an out-of-court settlement.
news.google.combusiness4 days ago
Over 580,000 Still to Register for UK Digital Tax Scheme as Deadline Nears, Though Sign-Ups Continue
GB News reported that 282,637 of 864,000 required taxpayers had registered for Making Tax Digital for Income Tax by May 20. The August 7 deadline approaches with no first-year penalties.
politics4 days ago
Opposition leader says One Nation policies would cost $1 trillion over decade
Opposition leader Angus Taylor stated that four One Nation policies would add a trillion dollars in costs over ten years and raise annual mortgage interest by $20,000. He also outlined Coalition plans to reverse recent tax changes and cut government spending.
Wiredtechnology4 days ago
Estonia Develops AI Tool to Detect Draft Law Errors After Tax Wording Mistake
A wording error in a gambling tax bill cost the government an estimated €24 million in revenue. Officials responded by creating an AI system that scans draft legislation for inconsistencies and other drafting problems.
abcnews.go.comfinance4 days ago
Survey finds nearly half of U.S. firms plan further price increases tied to import taxes
The Federal Reserve Bank of New York reported that 47 percent of service firms and 44 percent of manufacturers expect to raise prices due to tariffs. Some companies are delaying increases until contracts expire while others are spreading them over time.
portlandmercury.comworld4 days ago
Florida Voters to Decide on Property Tax Cuts in November
Florida residents will vote in November on a measure to reduce property taxes. Local governments are preparing for possible changes to funding for public services.
Forbesfinance5 days ago
Indiana Pacers Waive Center to Create Roster Spot and Cap Space
The Indiana Pacers plan to waive a center after signing a wing player under the Non-Taxpayer Mid-Level Exception. The move lowers team salary below the first apron and allows the team to add another player on a minimum contract.
forbes.combusiness5 days ago
IRS to Replace First Time Abate Program with Automatic Penalty Relief for Compliant Taxpayers
The agency will replace its First Time Abate program with Automatic Exemption from Penalty, or AEP. The change applies to eligible 2025 individual and business returns filed this year and to 2026 quarterly returns.
New York Postbusiness5 days ago
California Budget Adds Health Provider Tax and Software Sales Tax
State lawmakers approved two tax measures projected to raise about $2.9 billion annually. One extends an existing tax on health care providers; the other applies sales tax to certain digital software products.
sports5 days ago
Palestinian aid worker killed in Israeli strike near Gaza screening
An Egyptian aid worker and three others died when a missile struck a taxi in Gaza City shortly before a World Cup match. The Israeli military said the strike targeted a Hamas member and was under review.
business5 days ago
Jet2 Posts £388 Million Hedge Gain but Profit Falls 7 Percent; £250 Million Buyback Announced
Jet2 reported a £388 million fair-value gain on jet fuel hedges in results for the year to March. Revenue rose 4 percent while profit before tax fell 7 percent, and the airline announced a £250 million share buyback.
forbes.combusiness5 days ago
Reserve Bank of India Maintains Call to Bar Banks From Crypto After Earlier Ban Was Overturned
The central bank maintains its stance favoring a ban on cryptocurrency holdings and trading by banks. Tax authorities highlight underreporting and tracking difficulties with offshore platforms. Policymakers cite risks of capital outflows amid India's energy import dependence.
app.buzzsumo.comworld5 days ago
Waymo Ojai Rides in California Remain Free Pending State Review
A state agency delay keeps Waymo from charging passengers for rides in its new Ojai robotaxis. The company applied in January to expand service and add the vehicles to its paid fleet.
kpbs.orgbusiness5 days ago
Health Insurers Propose 14% Median ACA Premium Increase for 2027
KFF analysis of filings from 77 insurers shows a median 14% rise in proposed premiums. The increase follows the end of enhanced tax credits and enrollment declines in 2026.
ibtimes.combusiness5 days ago
Venezuela Interim Leader Appoints New Bank President and Agency Heads
Delcy Rodriguez named Calixto Ortega Sanchez president of the Bank of Venezuela on July 8. She also installed new leadership at the state petrochemical company Pequiven and the tax authority Seniat.
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Fox Newspolitics6 days ago
New York Governor Says Stefanik Would Have Been Tougher Opponent
New York Gov. Kathy Hochul said Rep. Elise Stefanik would have been a stronger general election opponent than Republican nominee Bruce Blakeman. Blakeman responded by comparing Hochul to a Disney villain and criticizing her record on taxes and costs.
Los Angeles Timespolitics6 days ago
Department of Homeland Security Buys Two California Detention Centers for $1.5 Billion
The Department of Homeland Security acquired the California City Detention Facility and Otay Mesa Detention Center from CoreCivic. The transaction closed earlier this month using funds from a spending bill signed last summer. CoreCivic expects net proceeds of about $1.1 billion a…
abcnews.go.compolitics6 days ago
Democratic candidates criticize Republican support for tax and benefits legislation
Democratic candidates in competitive Senate races are highlighting the effects of a reconciliation bill passed last year. The measure reduced taxes while also cutting eligibility for Medicaid and food assistance programs.
Euronewsworld6 days ago
Canary Islands Launch Voluntary Tourism Regeneration Fund with Industry Partners
The Canary Islands Government introduced the RegNext initiative to channel voluntary traveler contributions into nature restoration and community projects. Major tour operators signed agreements to support the effort across seven islands. The program avoids a mandatory tourist ta…
business6 days ago
Zoox Doubles Robotaxi Users While Waymo Grows 15 Percent and Keeps 69 Percent Share
Zoox doubled its monthly active users in the first half of 2026 after launching service in Austin and Miami and expanding in San Francisco and Las Vegas. Waymo grew users by 15 percent over the same period but lost share as it operated in 11 cities.
news.sky.comsports6 days ago
Barcelona agrees deals for Joao Cancelo from Al-Hilal and Anthony Gordon from Newcastle
FC Barcelona is expected to complete the signing of Joao Cancelo from Al-Hilal within days. The two-season transfer carries an approximate fee of $11.4 million and resolves minor tax matters from a prior loan spell.
New York Postpolitics7 days ago
White House report criticizes Smithsonian exhibits on U.S. history
A new White House report states that Smithsonian museums receive more than 60 percent of their funding from taxpayers yet present exhibits that emphasize connections to slavery and question the role of Christianity. The report also notes limited coverage of figures such as George…
abcnews.go.compolitics7 days ago
California Republicans ask federal officials to reject state healthcare tax plan
Assembly Republicans sent a letter to federal health agencies requesting denial of a managed care tax signed by the governor last week. The measure would require insurers to pay $8.85 per enrollee monthly and could raise annual premiums by about $400 for some families.
fastcompany.compolitics7 days ago
Trump Launches Tax-Advantaged Savings Accounts for Children in Oval Office Event
President Donald Trump introduced tax-advantaged savings accounts for children under 18 during a Monday White House event. The program provides a $1,000 federal seed deposit for those born between 2025 and 2028.
cnbc.compolitics7 days ago
Tax Law Extends 2017 Cuts, Raises SALT Cap, and Adds Deductions for Tips, Overtime, and Seniors
The One Big Beautiful Bill Act, signed July 4 2025, extended 2017 tax cuts and added new deductions while tightening work rules for SNAP and Medicaid. High-income households, corporations and some workers gained while federal program enrollment declined. Changes affecting Medicai…