Taxes

Tax Reform Is Nearly Impossible Now

Stan Collender: “Tax reform — the kind of wholesale change to the existing system that was enacted in the 1980s and that Donald Trump has repeatedly …

Tax Reform

Are Wynne’s balanced budgets a ‘stretch goal’?

Premier Kathleen Wynne’s promise to balance the Ontario budget this year and for the next two appears to be a financial house of cards.

Canadian News

Seeking Reset, Trump Dines with Some of His Biggest Donors

BEDMINSTER, N.J. — President Trump dined on Thursday night at his Bedminster golf club with a handful of his most generous donors, as he tried to build support for his hobbled legislative agenda amid mounting criticism from within his own party, three people briefed on the dinner said.<p>The dinner …

Donald Trump

Goldman Sachs says chances of corporate tax reform not good

Goldman Sachs is growing bearish on the Trump administration.<p>The chances are dimming for comprehensive corporate tax reform, a campaign promise that …

Corporate Tax

Commerce Secretary Wilbur Ross: We can no longer 'coddle' smug elites with special tax breaks

Commerce Secretary Wilbur Ross portrayed the Trump administration's push for tax reform as a campaign against elites on Saturday, calling for taking …

Wilbur Ross

4 Ways Congress Could Make Filing Your Taxes Way Easier

Income taxes in the United States have become incredibly complex. That's why tax advisors like myself spend our days guiding people through the murky waters of their own tax returns. But while everybody agrees that the tax code could use some simplifying, few agree on just how it should be done. …

Tax Reform

Ten ways HMRC can tell if you’re a tax cheat

When a gang of tax fraudsters was ordered to pay back more than £2m last week, HM Revenue & Customs was cock-a-hoop. After a five-year investigation, …

Fraud

Pension savers face tax refund delays

Savers who use the “pension freedoms” to take one-off withdrawals from their pots are facing delays to HMRC refunds.<p><i>Telegraph Money</i> has previously revealed how, because of HMRC rules, one-off withdrawals are taxed as if they are the first of a series of equal payments. Since 2015 over-55s have been …

Tax Preparation

Trump promised job growth and tax revenue from oil — here's why his policies won't deliver either one

Since the beginning, President Donald Trump promised that stripping regulations on oil companies would drive employment. “We’re bringing back jobs big league,” he said.<p>But, after six months of regulatory rollback, Trump has done almost nothing that will create jobs on oil fields or offshore …

Oil

Republicans to Trump: Pass a tax overhaul!

Before any hard battle, it's common to seek a little spiritual guidance.<p>In preparation for the coming fight this fall to overhaul the entire federal …

Tax Reform

America's CEOs realized the deals they'd cut with Trump aren't worth it — Detroit's experience shows us why

<b>• Trump blasted automakers like Ford during the presidential campaign.</b><p><b>• Ford and GM's CEO joined his advisory councils anyway and logged an early win as a result.</b><p><b>• But toxic politics are undermining any deals that would work for corporate America so they cut their losses.</b><p>A few months after Donald …

Corporate Tax

Phil Murphy's spending would raise N.J. taxes $1.3 billion. Here's who'd get soaked.

TRENTON -- After months of promising to fund all sorts of state spending programs, Democratic nominee for governor Phil Murphy on Friday finally …

Estate Tax

Hooper Says Cohn Departure Would Jeopardize Tax Reform

Kristina Hooper, global market strategist at Invesco, discusses the importance of Gary Cohn for the Trump administration. She speaks with Bloomberg's …

Tax Reform

Stocks Say Things Are Not Going Great For President Trump

A day after Donald Trump had his worst day of the year, the S&P 500 and the Dow had their second-worst.<p>Growing uncertainty out of Washington, D.C. …

Tax Reform

Trump’s Up for a Fight Over Race, But It’s the Last Thing Congress Needs

In two interviews this week, White House chief strategist Steve Bannon said he welcomes the fight over the president’s defense of the “very fine …

Tax Reform

Paying for Trump’s Tax Cuts Would Devastate the Poor

In this Jan. 28, 2016 photo, Joe Heflin, left, of Jefferson City, waits with others for his turn to receive free groceries from the Samaritan Center …

Social Justice

Daily State Of The Markets: Bears Find Reasons To Sell

Stocks suffered second worst day of 2017 as bears found reasons to sell.<p>The question is if this will become the long overdue corrective phase.<p>We …

Tax Reform

Republicans Want to Talk Tax Reform. Trump’s Outbursts Mean They’re Talking About Nazis.

To understand just how difficult Trump's antics have made it for Republicans to pursue policy reforms, consider the interview that Bloomberg News …

Tax Reform

Global Biotech M&A Takes a Breather on Looming Tax Reform

charted<p>Deals in 2017 are on pace for almost half the yearly totals of the past two years<p>By<p>Global biotechnology mergers and acquisitions are headed …

Tax Reform

Stocks reel from Barcelona attacks and fear Trump’s agenda in limbo after firing his chief strategist

Global stock markets sank on Friday as traders sought haven investments such as gold following a terror attack in Barcelona and the glum mood was …

Tax Reform

Why GOP Congress will soldier on with Trump

The president's remarks about Charlottesville have prompted a slew of public rebukes from GOP lawmakers. But tough issues like tax reform and the …

Tax Reform

With no Texas property tax fix, here's another way to monitor and stop higher taxes

I owned a house in Texas for 17 years before I realized I could protest my property taxes. The tax bill was built into my mortgage payment like …

Property Tax

Furor Over Trump’s Charlottesville Remarks Raise Fears of a Stalled Legislative Agenda

WASHINGTON — The furor over President Donald Trump’s response to the Charlottesville unrest has raised serious concerns over the ability of …

Tax Reform

Republicans fret tax reform will be a victim of Trump's post-Charlottesville fallout

• Trump created by Kerry Eleveld at 08/18/2017 12:24 PM<br>• taxreform Trump created by Kerry Eleveld at 08/18/2017 12:24 PM<br>• Congress taxreform Trump created …

Tax Reform

Bannon boot won't hurt tax reform progress but may help

As White House Chief Strategist Stephen Bannon hits the road, becoming the latest high-level Trump official to depart in what has been a tumultuous few weeks, the administration’s key tax reform architects remain hard at work.<p>“Since (Treasuury) Secretary (Steven) Mnuchin and NEC (National Economic …

Tax Reform

Multi-billion dollar tax windfall after Chevron abandons appeal

Taxpayers are set to gain billions of dollars in revenue over the coming decade after multinational oil giant Chevron abandoned an appeal against the …

Fairfax Media

Hill Republicans Want Trump to Stay Out of Tax Reform Push After Charlottesville

<i>Haley Byrd/Independent Journal Review</i><p><i>Note: This article contains coarse language that may offend some readers.</i><p>Republicans on Capitol Hill are coming …

Tax Reform

3 Decades Later...Reagan's Legacy Grows Stronger

Advertisement - story continues below<p>Roughly 30 years ago, a president begged a nation to reform a tax system that he believed had lost all semblance …

Tax Reform

Fed official: Tax reform would increase growth, but tax cuts wouldn't

While an overhaul of the tax code would increase long-term economic growth, short-term tax cuts would not, a Federal Reserve official said …

Tax Reform

At NYSE, floor traders cheer news of Bannon's White House exit

At the New York Stock Exchange Friday, floor traders cheered when Steve Bannon was dismissed.<p>Traders came to work in a nervous state Friday morning. …

Steve Bannon