A driver’s license renewal, a box of specialty candy, even early Christmas presents — all are caught up in the confusion caused by a new Trump administration customs rule.
Category: Taxation
-
Inflation Sweetener? Denmark Plans Tax Cut on Chocolate and Coffee.
The Scandinavian country has proposed scrapping its tax on chocolate, cake and other sweets, as well as coffee, to help consumers cope with high food prices.
-
Facing a ‘Reading Crisis,’ Denmark Wants to Make Books Cheaper
The Danish government announced this week that it planned to make books exempt from a 25 percent value-added tax.
-
The Auctioneer and the Treasury Chief: How Billy Long Fell Short at the I.R.S.
Treasury Secretary Scott Bessent sought total control over the I.R.S., an agency where Mr. Long, the new commissioner, had started to put his own mark on the job.
-
Staggering U.S. Tariffs Begin as Trump Widens Trade War
The duties, which the president announced last week, took effect for about 90 countries just after midnight.
-
Trump’s Tariffs Are Making Money. That May Make Them Hard to Quit.
The tariffs are a substantial new source of revenue for the federal government. The budget may start to depend on it.
-
Trump’s Tariffs Are Making Money. That May Make Them Hard to Quit.
The tariffs are a substantial new source of revenue for the federal government. The budget may start to depend on it.
-
Volkswagen Hit Hard by Trump’s Tariffs
The German automaker said that the U.S. import duties erased about $1.5 billion from its profit in the first half of the year.
-
Republican Tax Bill Is a Losing Deal for Gamblers
The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.
-
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.