Property owners hoping for a respite from rapidly rising taxes
will be disappointed in 2017, when city government and Public
Schools will continue digging deeper into their pocketbooks. Read More.
Bloomberg’s Laura Davison discusses Internal Revenue Service
Commissioner John Koskinen’s history with Donald Trump and
whether he will remain in the president-elect’s administration. Read More.
Congressional Republicans are considering holding off on
repealing some of ObamaCare’s taxes, according to lobbyists
familiar with the discussions. Read More.
Alphabet Inc.’s Google saved $3.6 billion in worldwide taxes in
2015 by moving 14.9 billion euros ($15.5 billion) to a Bermuda
shell company, new regulatory filings in the Netherlands reveal. Read More.
Taxpayers paid for “excessive and inappropriate” lodging and
travel costs, including for one employee who managed to travel
381 days of the year. Read More.
Seldom in a lifetime does circumstance collide with opportunity
to provide such an occasion for fundamental change. We are in one
of those times. Read More.
More than two dozen IRS employees traveled for more than half of
fiscal 2015, incurring total costs of more than $1.4 million,
according to a report from the staff of Senate Finance Committee
Chairman Orrin Hatch (R-Utah). Read More.
The “John Doe” summons seeks to identify all United States
Coinbase customers who transferred convertible virtual currency
from 2013 to 2015. Read More.
Republicans in the U.S. House of Representatives are accelerating
efforts to craft a sweeping tax reform bill for 2017 and looking
at ways to smooth the transition to a new tax system for some
businesses, the House Republican tax chief said on Wednesday. Read More.
Republican leaders managed to derail impeachment of IRS
Commissioner John Koskinen on Tuesday, forcing the debate back to
a committee for more study, where it will die when Congress
adjourns at the end of this year. Read More.
Over the years, Apple Inc. has become the poster child for U.S.
multinationals accused of sheltering overseas profits to avoid
the IRS. What’s gone largely unnoticed is that it’s been paid
more than half a billion dollars by the U.S. government to do
just that. Read More.