Category: Taxation

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.
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.
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.
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.
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.
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.
Trump Administration Pushes I.R.S. to Identify Undocumented Immigrants

The New York Times – Business:
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.
What You Need to Know About the Federal Gas Tax

The New York Times – Business:
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.
Justice Dept. Officials Consider Settling Trump Suit Against I.R.S.

The New York Times – Business:
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.
Private Equity Lashes Out at New Research on Carried Interest

The New York Times – Business:
Estimates by researchers at Yale found that closing the carried interest loophole could lead to billions more in tax revenues than previously estimated.
Why Is Gas So Much More Expensive in Some States Than Others?

The New York Times – Business:
Shipping, taxes, competition and environmental regulations all play a part in the cost of gasoline. That can lead to stark differences in pump prices.
Oil Companies’ Huge Profits Revive Calls for Temporary Windfall Taxes

The New York Times – Business:
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.