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Stories published on May 7
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  • Stories published on May 7

Tuesday, May 7

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An inheritance tax will help reduce inequality

www.thehindu.com

Property of the elite being bequeathed to descendants implies that the descendants do no work to acquire it. There is no economic reason for it to be a freebie for them.

Free Speech Alliance Members Applaud House Hearing on Leftist Tilt at Tax-Funded NPR

www.newsbusters.org

The House Energy and Commerce Committee's Oversight Subcommittee is holding a hearing on Wednesday morning to address the political tilt of taxpayer-subsidized National Public Radio. NewsBusters Executive Editor Tim Graham is one of the…

Lone Kelowna councillor objects to 4.7 per cent tax increase

globalnews.ca

Kelowna city council approved a 4.7 per cent tax hike Monday, despite an attempt by one councillor to get his peers to slow the tax roll.

Central Florida tax preparers arrested on federal fraud charges

Owners and employees of a Central Florida tax preparation company have been arrested on federal charges for allegedly filing fraudulent tax returns on behalf of customers between 2017 and 2020, court records show.

These 5 States Have the Most People Eligible for $1 Billion in Unclaimed Tax Refunds from the IRS

One million Americans have yet to file their 2020 tax returns and claim refunds.

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Exploring Tax Strategies For Small Businesses: Insights Inspired By Troy Renkemeyer’s Experiences

thestartupmag.com

Navigating the complexities of tax regulations can be daunting for small business owners, yet mastering this aspect is crucial for

Orange County school leaders argue for sales tax renewal to fund facilities

Orange County is booming, but growth comes with a challenge. For the school district, it's keeping up with that growth.

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Lingering impacts of pandemic leads to higher tax rates in Northern Va.

Northern Virginia localities have had to find ways to make up for the loss in commercial tax revenue while trying to maintain the quality of schools and other services.

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Nate Paul at risk of losing more properties after skipping tax payments

www.bizjournals.com

The news comes less than a month after two World Class entities declared Chapter 11 bankruptcy in April, in part due to unpaid taxes. Travis County’s announcement included a list of the 10 delinquent property owners that owed the most in…

DeSantis signs annual package of tax breaks, including sales-tax ‘holiday’ for hurricane preparedness supplies

www.news4jax.com

Gov. Ron DeSantis on Tuesday signed House Bill 7073 which is expected to provide $1.07 billion in tax relief for Floridians this year.

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Pittsburgh passes new tax break to tackle high office vacancies Downtown

triblive.com

Developers who transform Downtown Pittsburgh’s empty offices into housing or new commercial uses will now qualify for special tax relief as city officials try to revitalize an area with significant vacancies and declining property values.

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Orange County Commission OKs November referendum on sales tax for schools

Orange County commissioners on Tuesday signed off on a plan to put a half-penny sales tax for school construction on the November ballot.

Kenya: KRA Eyes MSMEs As It Targets to Expand Tax Base

allafrica.com

Nairobi -- Kenya Revenue Authority (KRA) and the Kenya National Chamber of Commerce and Industry (KNCCI) have embarked on a joint tax education program for micro, small, and medium-sized enterprises (MSMEs).

Gov. Ron DeSantis signs bill to provide additional tax relief for Floridians

www.local10.com

Florida Gov. Ron DeSantis held a news conference Tuesday morning in Cape Canaveral where he signed a bill to provide additional tax relief for Floridians.

Tory property guru hit with £4.5million tax bill for building nicknamed 'Ten Floors of Whores'

www.mirror.co.uk

HMRC has ruled that Dr Christopher Moran’s company failed to charge VAT to short term occupiers of a London apartment block, which have at times included sex workers

Bipartisan Proposal Would Not Tax Staking Rewards Until Time of Sale

www.jdsupra.com

On Tuesday, April 30, 2024, U.S. Congressmen Drew Ferguson (R-GA) and Wiley Nickel (D-NC) introduced a bill, the Providing Tax Clarity for Digital Assets Act, to codify the U.S. federal income tax treatment of the acquisition by a taxpayer…

FG Mulls Telecom Tax To Obtain New $750m World Bank Loan

independent.ng

The Federal Government may reintroduce previously suspended telecom tax and other fiscal measures in pursuit of securing a new $750m loan from the World Bank, This is according to the Stakeholder Engagement Plan for Nigeria – Accelerating…

Republican Bill To End EV Tax Credits Gets Almost No Support From Carmaking States

insideevs.com

A new Senate bill would end the federal EV tax credit. Not signing on: states that actually manufacture cars.