The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.
Category: Taxation
-
How Republicans Supersized Silicon Valley’s Favorite Tax Break
Tucked into the huge set of tax cuts that Republicans passed into law this month was the expansion of an unusually valuable tax break for start-up investors.
-
He Helped Big Companies Dodge Taxes. Now He’s Writing the Rules.
Ken Kies, a longtime tax lobbyist who worked for some of the world’s largest businesses, is now running the Treasury Department’s office that will administer Trump’s tax law.
-
Break Even at the Casino? You May Still Owe Taxes.
The new domestic policy law rewrites tax rules for the hundreds of billions of dollars Americans legally wager each year. A Nevada lawmaker has introduced a bill to overturn that provision.
-
What Is a Trade Deal? Trump Takes an Expansive View.
The president is deploying the word “deal” liberally, using the term to describe all kinds of trade arrangements, some very limited or one-sided.
-
How Republicans Re-engineered the Tax Code
The product of years of Republican effort, the American tax code now blends traditional supply-side economics with President Trump’s populist 2024 campaign promises.
-
Solar Industry Says Republican Policy Bill Would Cede Production to China
A revival of U.S. solar panel manufacturing that began during the first Trump administration could end with the phasing out of tax incentives for clean energy.
-
Political Costs of Trump Tax Cuts, Medicaid and ‘Debt Slavery’
As the Senate prepares to vote on a key piece of the president’s domestic agenda, prominent critics, including Elon Musk, are speaking out.
-
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.
-
Republicans Prepare to Open ‘Pandora’s Box’ of Budget Gimmicks
With the broad tax and health care bill they are now trying to muscle into law, Senate Republicans are preparing to upend Washington’s accounting standards.
-
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.