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.
Category: Taxation
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Audit Immunity for Trump Family Puts I.R.S. in a Bind
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
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
A House transportation bill introduced this week would require owners of electric cars to pay $130 to cover the cost of road repairs.
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Trump Administration Pushes I.R.S. to Identify Undocumented Immigrants
The deliberations are a sign that the Trump administration may once again try to harness the power of the I.R.S. to advance its immigration agenda.
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What You Need to Know About the Federal Gas Tax
President Trump said he would like to suspend the 18.4-cent-a-gallon tax, but it’s a move that may save drivers only a few dollars a month.
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Justice Dept. Officials Consider Settling Trump Suit Against I.R.S.
One of the settlement terms under review is for the I.R.S. to drop any audits of the president, his family members and businesses.
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Private Equity Lashes Out at New Research on Carried Interest
Estimates by researchers at Yale found that closing the carried interest loophole could lead to billions more in tax revenues than previously estimated.
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Why Is Gas So Much More Expensive in Some States Than Others?
Shipping, taxes, competition and environmental regulations all play a part in the cost of gasoline. That can lead to stark differences in pump prices.
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Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes
European nations imposed temporary taxes in the 2022 energy shock when Russia invaded Ukraine, but whether they can effectively help households is up for debate.
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Sergey Brin Moves to the Right, With a ‘MAGA Girlfriend’ by His Side
After once backing liberal causes, the Google co-founder has praised President Trump, donated to Republicans and spent $57 million to try to block a California billionaire tax.
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Are Democrats Becoming a Party of Tax Cuts?
As Democrats try to find a way back to power in Washington, some see tax cuts as a quick and easy way to address affordability. The wonks are freaking out.