West Virginia Gov. Jim Justice wants to get rid of personal income tax in the state and offset it by increasing sales tax by 2% and a luxury tax on items over $5,000 The proposal would reduce the income tax by 60%
Zoom made nearly $672 million in 2020 and yet avoided paying any federal income tax, according to its latest annual report. The Silicon Valley company, founded in 2011 by Eric Yuan, has seen its profits skyrocket during the pandemic. Zoom reported earlier
My daughter’s family have lived for 17 years in a house my wife and I bought. It cost £156,000 and is registered in our names. We have never charged rent and never lived there. We’d now like to give them the house.
Tom Selby: Anyone with spare cash should consider making the most of their available pension allowances before the tax year ends on 5 April Tom Selby is a senior analyst at financial services firm AJ Bell. The coronavirus pandemic and national lockdown has
One might have thought that after 17 major announcements since lockdown, Rishi Sunak has said everything there is to say about the economy. Not a bit of it. Today sees the launch of Tax Policy & Consultations Day, or TPAC as the
Changing treatment of capital gains and going after estates: Biden administration eyeing proposals to tax the rich as it prepares $3 trillion infrastructure package Biden has said those earning more than $400,000 per year will get a ‘small to a significant increase’
The TaxPayers’ Alliance said an independent Scotland would have the highest deficit in Europe if it were to quit the UK. This would force the Scottish Government to raise taxes and cut public spending, the research paper warned. The paper claimed an