Roberts wrote that Trump can still challenge the subpoena by citing “the same protections available to every other citizen. These include the right to challenge the subpoena on any grounds permitted by state law, which usually include bad faith and undue burden or breadth.” Roberts also wrote that the president “can challenge the subpoena as […]
The investigation centers on TurboTax’s “Free File” product, offered free of charge to most Americans in exchange for the assurance that the IRS would not develop a competing product. But a string of ProPublica investigations found that Intuit had made Free File difficult to find, in one case adding code to prevent it from being […]
Vance has been working since August 2019 to obtain eight years of Trump’s personal and corporate tax returns. Trump’s lawyers maintained that Marrero had improperly dismissed their arguments that Vance’s subpoena for the tax returns was too broad and politically motivated.
President Donald Trump has lashed out at a pair of Supreme Court rulings on access to his financial records, calling them part of a “political witch hunt,” but the court’s decision to send both cases back to the lower courts could prove to be a big political win heading into the fall election.
EU to Take Korea off Tax Havens List Korea on EU Blacklist of Offshore Tax Havens EU Could Take Korea off Tax Haven Blacklist 600 Koreans Have Over W5 Trillion in Foreign Bank Accounts More Fat Cats Voluntarily Report Offshore Assets Gov’t Offer Flushes Out W500 Billion in Hidden Overseas Assets High Earners Hide Taxable […]
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The Korea Center for Investigative Journalism, an independent journalists’ group, on Wednesday revealed a list of 245 people suspected of creating bogus companies in tax havens abroad such as the British Virgin Islands. The group said the findings are based on a joint investigation with the International Consortium of Investigative Journalists.
Because of the new coronavirus pandemic, many places with free computers and internet access, such as libraries and tax assistance centers, were closed during lockdowns. The IRS was also unable to open mail due to the closures and faced a backlog when the agency reopened in June.
One must emphasize here the prefix micro in microcosm. Revenues from the estate tax, which only applies to inheritances worth more than $5.5 million, will account for about $20 billion this year in federal revenues. That’s approximately one-half of 1 percent of the Treasury’s annual haul. Compared to total federal spending, it’s nothing.
As part of a new plea deal, prosecutors say he pleaded guilty last week to a single count of tax evasion. He faces up to five years in prison and a $100,000 fine at his Nov. 16 sentencing before Judge Shubb in federal court in Sacramento.