An emboldened conservative flank and concessions made to win votes could lead to a protracted standoff on critical fiscal issues, risking economic pain.
Category: Taxation
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Trump’s Tax Audit Shows Depths of IRS Funding Woes
The agency lacks the resources to go after rich taxpayers. For years, a single revenue agent was responsible for the audits of Donald J. Trump.
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State Tax Cut Policies Prop Up Income, Fanning Inflation Worries
Efforts around the country to ease the pain of rising prices have given consumers more money to spend, which could paradoxically further drive up prices.
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Edward C. Prescott, 81, Dies; Won Nobel for Studying Business Cycles
He was among the leading thinkers to explain the economic shocks of the 1970s, and his work was critical to the supply-side economics of the ’80s.
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Will Taxing the Windfall Profits of Oil Giants Fix Countries’ Economies?
Britain is raising a tax on gas and oil producers, and adding a levy on companies that supply electricity — a similar approach to that of other governments chasing revenue.
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I.R.S. Gets Interim Leader at Pivotal Moment for Tax Collector
The White House has yet to nominate a full-time commissioner as the agency embarks on an $80 billion overhaul.
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IRS Releases Inflation-Adjusted Tax Rates for 2023
Filers whose salaries have not kept pace with inflation could see savings on their federal income tax bills.
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U.K. Markets Slump Despite Kwasi Kwarteng’s Ouster
Kwasi Kwarteng, the chancellor of the Exchequer, was fired on Friday by Prime Minister Liz Truss in a bid to end weeks of market turmoil.