The I.R.S. lost roughly a quarter of its employees since President Trump took office, hampering the agency’s ability to conduct audits.
Category: Taxation
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IRS Audit Revenue Has Plummeted Under Trump, Watchdog Finds
The New York Times – Business: -
An A.I. Tax Boom Could Curtail America’s Debt. But Not Solve It.
The New York Times – Business:The consequences of A.I. for the budget will largely hinge on whether — and to what extent — the technology reshapes the labor market.
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Mark Cuban and Other Founders Wade Into Wealth Tax Debate
The New York Times – Business:Some entrepreneurs, including Mark Cuban, are publicly worried about the potential fallout from California’s proposal to impose a special billionaire tax.
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As A.I. Data Centers Spread, Pressure Mounts to Share Profits
The New York Times – Business:Policymakers around the country are maneuvering to ensure that tech giants aren’t the only ones who stand to benefit.
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How Malta Became a Tax Haven for Crocs and Other U.S. Companies
The New York Times – Business:The Mediterranean archipelago is a hot destination for U.S. companies seeking to shield profits from income taxes.
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Trump Threatens 100% Tariffs on Europe Over Tech Taxes
The New York Times – Business:The president claimed the tariffs would override a trade deal with the European Union, which European officials finalized just days ago.
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Trump’s Pick for Top I.R.S. Lawyer Works at Firm That Represents Him
The New York Times – Business:James R. Gadwood, the president’s nominee for chief counsel at the Internal Revenue Service, works at Miller & Chevalier, which has represented Mr. Trump in tax matters.
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Xi Jinping Quit Smoking. China Still Cannot.
The New York Times – Business:China’s tobacco monopoly has become so financially vital to the government that even its powerful leader has failed to curb the country’s smoking habit.
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Audit Immunity for Trump Family Puts I.R.S. in a Bind
The New York Times – Business:Federal law prohibits the Internal Revenue Service from halting an audit at the direction of the president or his aides.
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Audit Immunity for Trump Family Puts I.R.S. in a Bind
The New York Times – Business:Federal law prohibits the Internal Revenue Service from halting an audit at the direction of the president or his aides.
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Bipartisan Bill Would Impose New Annual Fee on Electric Vehicles
The New York Times – Business:A House transportation bill introduced this week would require owners of electric cars to pay $130 to cover the cost of road repairs.