Since 2018, Californians have bought luxury vehicles worth over $20 million in sales-tax-free Montana, exploiting a loophole that avoided millions of dollars in levies, an investigation revealed.
Category: Tax Evasion
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Have a Montana License Plate in California? Officials Have an Eye on You.
The New York Times – Business: -
I.R.S. Tactics Against Meta Open a New Front in the Corporate Tax Fight
The New York Times – Business:The agency is using real-world profit data to challenge how big companies value offshore intellectual property.
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Trump’s Lawsuit Against I.R.S. Creates ‘Enormous Conflict of Interest’
The president is demanding that the federal government pay him at least $10 billion over the unauthorized disclosure of his tax returns during his first term.
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Push to Audit Private Equity and Venture Capital Falters Under Trump
Specialists have left the I.R.S. and audits have been abandoned since the president returned to office.
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For ‘No Tax on Tips,’ the I.R.S. Gets Intimate
The Trump administration wants to exclude earnings from “pornographic activity” from a new tax break for tips. Will the I.R.S. know it when it sees it?
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G7 Backs Plan for ‘Side-by-Side’ Tax System to Avoid U.S. Fight
American companies will be exempt from penalties related to a 2021 global minimum tax deal that President Trump opposes.
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Trump Administration Tells Congress to Kill ‘Revenge Tax’ From Policy Bill
Treasury Secretary Scott Bessent said the Group of 7 agreed that penalties related to a 2021 “global minimum tax” deal will not apply to American companies.
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Biden’s I.R.S. Doubled Audits on the Wealthy, Data Shows
At the same time, the audit rate for those making under $500,000 declined slightly in 2024, fulfilling a promise by the Biden administration.
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Trump Pardoned Tax Cheat After Mother Attended $1 Million Dinner
Paul Walczak’s pardon application cited his mother’s support for the president, including raising millions of dollars and a connection to a plot to publicize a Biden family diary.
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I.R.S. Audits Are at a Record Low. Trump’s Cuts Could Make Them Even Rarer.
The Biden plan to increase tax revenue through more enforcement is being reversed.