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US TAX LOOPHOLE
Donald Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax systemDonald Trump's tax probes have ended. The Internal Revenue Service agreed to drop all pending investigations into the former president's ta...
Prediction markets say they're different from sportsbooks. Gambling addicts say it's all the sameThe soccer coach had blocked himself from sportsbooks by the time he found prediction markets.
Elon Musk scorned "shady" loopholes, yet offshore tax tricks likely saved Tesla hundreds of millionsTesla has reportedly saved over 400 million dollars on US taxes. This was achieved through a financial maneuver involving its units in the ...
Market shock ahead? Ex-Treasury secretary warns of ‘vicious’ bond crash comingFormer U.S. Treasury Secretary Henry Paulson warns of a possible bond market crash due to rising U.S. debt and interest rates. He says risk...
JPMorgan CEO Dimon backs US taxing carried interest, warns of bond market troubleJPMorgan Chase CEO Jamie Dimon advocates for taxing carried interest, aligning with Donald Trump's efforts to close the loophole benefiting...
How a US tax loophole supercharged China's exportsA recent policy shift ended tariff-free imports from China to the United States. This change impacts both American shoppers and Chinese exp...
As US Congress advances Democrats' tax plans, America's wealthy eye loopholesWhile the White House says the new surtax could generate $230 billion to pay for the spending bill, experts and bankers say that many indiv...
View: Why G7’s global minimum corporate tax won’t workLibertarians believe countries should be free to compete for foreign investment using low tax rates. However, the phenomenal expansion of g...
Amazon CEO Jeff Bezos, stung by wide criticism, endorses U.S. corporate tax hike"We support the Biden Administration’s focus on making bold investments in American infrastructure," Bezos said in a blog post. "We recogni...
France and Germany plan tax crackdown on US tech giantsThe push reflects mounting frustration among some governments, regulators and, indeed, voters, at the way international firms sidestep taxe...
US mulls new rule for banks to identify shell company ownersIn the wake of the 'Panama Papers' leak, the US is mulling introduction of a new rule that would require banks to identify owners of shell ...
No dichotomy between assurances and action on retro tax: Jayant SinhaThe Income Tax Department yesterday said it will move the Supreme Court challenging the Bombay HC order in the Rs 8,500-crore Vodafone tran...
US senators eye bill to halt corporate tax 'inversion'US senators said they are considering legislation to prevent corporate inversions, a transaction that involves US cos reincorporating overs...
G-8 summit to discuss tax avoidance by companiesA summit meeting of G-8 countries next week would discuss the issue of "tax avoidance" by companies in this increasingly globalised economy.
- US Republicans 'rewarding' cos creating jobs overseas?
US President Barack Obama has charged the opposition Republicans with rewarding companies that create jobs and profits overseas.
- White House plans $836 bn in tax cuts over 10 years
US President Barack Obama's administration plans tax cuts of at least 736 billion dollars for middle-class families and 100 billion dollars...
- Tax loopholes cost US govt $20 billion a year
Tax and accounting loopholes that largely benefit rich taxpayers and companies cost the US government $20 billion a year even as the pay ga...