Tag: taxes

Rubio Won’t Support GOP Tax Bill Unless It Expands Child Tax Credit

Sen. Marco Rubio (R-Fla.) could complicate things for the Republicans as they try to pass their tax overhaul, having told reporters on Thursday he won’t support the legislation unless it increases the refundable portion of the child tax credit. Senate and House Republicans say they have reached an agreement on a tax bill, which lowers…

John McCain Announces Support For Senate GOP Tax Bill

Sen. John McCain (R-AZ) on Thursday announced that he is voting in favor of the Senate GOP’s tax overhaul bill, a major win for Republican leadership. “I believe this legislation, though far from perfect, would enhance American competitiveness, boost the economy, and provide long overdue tax relief for middle class families,” McCain said in a…

Mike Pence: I’ll Release Taxes Next Week [VIDEO]

Mike Pence, Donald Trump’s vice presidential pick, told Chuck Todd that he will be releasing his tax returns this week as pressure has mounted on his co-pilot to do the same. “Donald Trump and I are both going to release our tax returns,” Pence said. “I’ll release mine in the next week.” He reiterated something…

EU: Apple Must Repay $14.5 Billion In Back Taxes To Ireland

A European Union ruling Tuesday determined that Apple owes Ireland $14.5 billion in taxes and must now pay up. The amount makes the ruling the largest the organization has ever issued on a single company. Apple executives said the company will appeal the decision and believe the ruling “upended the international tax system,” CNN reports.…

Eric Trump: Dad Would Be ‘Foolish’ to Release Taxes [VIDEO]

According to Eric Trump, it would be “foolish” for his father Donald to release his tax returns amid the presidential race. “You would have a bunch of people who know nothing about taxes trying to look through and trying to come up with assumptions on things they know nothing about,” the 32-year-old spawn of the…

Protestors Interrupt Trump Rally To Demand His Tax Forms [VIDEO]

Protestors interrupted Donald Trump’s Friday remarks in Erie, Pennsylvania, by holding up signs to pressure the GOP nominee to release his tax returns. Hillary Clinton released her own 2015 tax returns earlier Friday, posing an implicit challenge for Trump to follow suit. For months, Trump has insisted that he cannot release his own tax returns,…

Trump Won’t Release Tax Returns

Donald Trump says he has no plans to release his tax returns before the general election. He said Tuesday: “There’s nothing to learn from them.” For months, the reality-TV personality has told the public that he’s undergoing an audit and cannot release the documents; he’s also said he doesn’t think voters are even interested in…

Trump Wants Higher Taxes On The Rich Under Him [VIDEO]

Donald Trump said he believes that even though his proposals would include cuts, taxes on the wealthy would likely go up during his hypothetical presidency. “On my plan they’re going down. But by the time it’s negotiated, they’ll go up,” the presumptive GOP nominee said Sunday on ABC’s This Week. “I’d like to get [lowered…

Sanders to Release Tax Returns Friday [VIDEO]

During Thursday night’s CNN Democratic presidential primary debate, Sen. Bernie Sanders said he will release his 2014 tax returns Friday. “They are very boring,” Sanders said after rival Hillary Clinton accused him of not being transparent about his finances. The Vermont senator said his wife, Jane, handles the family’s taxes and had been busy on…

Trump Tax Plan – Tax Cuts For Everyone Especially The Really Rich

Donald’s tax plan is great for rich people. Getting rid of the Estate Tax is massive. He also gives tax reductions to almost everyone, something for everyone as they say. His amazing economy will make up for the shortfalls in revenues and the deficit, don’t worry says The Donald it will be great. Income Tax…

Colorado Pot Tax Brings $2.3M to Schools

Colorado marijuana sales reached an all-time high in January, bringing with it excise taxes totaling a whopping $2.35 million designated for public schools. Recreational marijuana sales jumped to around $36.4 million, up from $14.69 million a year ago, according to data from the Colorado Department of Revenue. “This is really what we expected and hope…

HSBC ‘helped clients dodge tax’ [VIDEO]

Leaked documents reveal how multinational bank HSBC helped wealthy clients across the world evade hundreds of millions of dollars in tax. The company is now facing criminal investigations in the US, France, Belgium and Argentina.

NY Times Report: Al Sharpton Owes More than $4 Million in Taxes

Al Sharpton owes millions in state and federal liens, according to a New York Times report out today about the activist and MSNBC host’s finances. Sharpton owes more than $4.5 million and has “regularly sidestepped” his financial obligations, the report finds. His advocacy group National Action Network has not paid federal payroll taxes for years,…

Dolce and Gabbana to appeal after tax evasion conviction upheld

Fashion designers Domenico Dolce and Stefano Gabbana were each given a reduced sentence of 18 months in jail on Wednesday for a conviction on charges of hiding hundreds of millions of euros from Italian tax authorities. Italy’s appeals court upheld a verdict issued last June against the pair on charges of using Luxembourg holding company…

Constitutional Council To Tax Millionaires 75% In France

France’s Constitutional Council gave the green light on Sunday to a ‘millionaire’s tax’, to be levied on companies that pay salaries of more than 1 million euros (S$1.75 million) a year. The measure, introduced in line with a pledge by President Francois Hollande to make the rich do more to pull France out of crisis,…

Google, Yahoo, Cisco Under Scrutiny After Apple Tax Avoidance Hearing

Large tech firms are coming under scrutiny over their tax avoidance measures, following the testimony of Apple executives to a US Senate Permanent Subcommittee. Google, Yahoo, Cisco, and others have been found to be using an assortment of tax loopholes and off-shoring in order to avoid paying governments in the US and Europe at least…