Sen. Angus King told Insider "there's a lot of money we're leaving on the table." The IRS told Congress $1 trillion or more is uncollected annually.
The digital asset is perceived to be anonymous as it has often been associated with illegal activity, but only bitcoin addresses are nameless.
Though Florida and Texas famously have no personal-income tax, they still have to generate state revenue - so they hike up other types of tax.
"To the surprise of nobody I know, the rich and powerful aren't paying their fair share, what else is new?" Sen. Bernie Sanders said.
ProPublica published a report on the income and tax payments of Jeff Bezos, Elon Musk, Bill Gates, and other billionaires.
ProPublica obtained confidential tax documents filed with the IRS that revealed how some of the world's wealthiest have avoided paying taxes.
New South Wales accounts for seven of the top ten highest-earning postcodes in Australia, according to new Australian Taxation Office data. Double Bay ranks #1, with residents claiming an average taxable income of $202,598. Medical professionals secured the top three highest-earning vocations, while the figures also outline the gender pay […]
Silicon Valley companies on Saturday signaled approval of a G7 deal to back a 15% minimum global corporate tax. The deal has been described as 'historic'
Former members of Donald Trump's administration were assured that payroll levies would be forgiven - but are now being told to pay up within 30 days
Australian Tax Office official Tim Loh said that capital gains tax applies to cryptocurrency investments and that authorities track investments.
Indonesia is the latest country to look into potential tax reforms in the wake of the pandemic, with a focus on asking the wealthy to chip in more.
Three in four Australians under 30 believe future generations will be “worse off” than their elders, according to a new ABC survey. Drawing from 60,000 responses, the 2021 Australia Talks survey found a third of Australians under 25 expect to be “much worse off” than older generations. Those over 75 […]
Making the expansions permanent and educating Americans about their benefit are great places to start.
Taxes are shaping up as a major election issue, with the Coalition and Labor looking to clash over stage three tax cuts. It comes as tax experts accuse the government of wrongfully spinning this Federal Budget‘s one-time tax rebate, worth up to $1,080, as a proper tax cut. Meanwhile, stage […]
Politicians, unions, and journalists suggested Elon Musk should pay higher taxes, donate part of his wealth, and let his workers unionize.
IRS Commissioner Chuck Rettig said Americans shouldn't fail to report the income earned or taxes due from virtual-currency transactions.
Biden wants to tax the wealthiest Americans to pay for infrastructure, and some hikes are likely to pass. UBS Global Wealth Management has thoughts.