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Have you ever seen “FICA” on your paycheck and wondered what it meant? If you lived or worked in the United States in 2023, your FICA tax contributed to $1.16 trillion in federal funding — that’s 36% of total government revenue! Funds from…

The cost of living adjustment to the state excise tax on gasoline went into effect July 1, highlighting tensions between the state's political leadership and the petroleum industry.

On June 28, 2024, the U.S. Treasury Department and the Internal Revenue Service (IRS) issued final broker reporting regulations that mandate broker reporting for centralized exchanges and hosted wallet providers, providing extensive rules…

Property tax bills will be arriving in the mail soon and many are likely to suffer from sticker shock.

Hartford won’t be satisfied until every last millionaire in the state moves to New Hampshire or Florida.

Rain Newton-Smith said the policy could have a 'chilling' impact on investment decisions - and she would seek talks with ministers.

The cost of living adjustment to the state excise tax on gasoline went into effect July 1, highlighting tensions between the state's political leadership and the petroleum industry.

An industry group representing Netflix, Walt Disney and other U.S. streaming companies has asked a Canadian court to stop plans by authorities to force them to fork over 5% of their sales in the country to help finance local broadcast news…

Several plaintiffs, including the NRA, filed a legal complaint seeking to block California's new excise tax relating to firearms, claiming it violates precedent on taxation of constitutional rights.

Many business owners have been left counting huge loses.

There’s a pileup of tax identity theft cases at the IRS — but the agency is working on a “range of improvements” to speed up service.

Tax identity theft victims are waiting nearly two years for resolution and refunds from the IRS. But the agency is working on improvements.

Michael Paterson, 59, 'brazenly' embezzled more than £1m from Aberdeen City Council to initially pay off his debts, but then used the stolen money to fund a no-expense-spared lifestyle.

You could save a bundle this year by carefully considering your business expenses for tax deductions.

The German government has pledged to add a plan for a new tax incentive program to its 2025 budget aimed at attracting more international productions to shoot in the country. The deal, announced Friday, would provide a rebate of up to 30…

Netflix and Disney and other major US streaming services have asked a Canadian court to stop plans forcing them to fork over 5% of their sales.

On May 29, 2024, the U.S. Department of the Treasury and the Internal Revenue Service released long anticipated Proposed Regulations regarding clean electricity production tax credits and clean electricity investment tax credits under…

The IRS and Security Summit kick off a summer campaign to help tax professionals guard against identity theft with new security measures.

The monitoring unit of the Nigeria Customs Services (NCS) in Ogun II Area Command, Abeokuta, Ogun State, has uncovered 12 factories which have been allegedly operating for a period without paying the prerequisite Excise Duties in the State…

A lawsuit by billionaire Kenneth Griffin, whose tax records were leaked, led to an IRS apology to more than 80,000 people and businesses who also were affected.