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taxes

IRS refund

IRS says to do this one thing to get the biggest possible tax refund

April 24th, 2021

In a normal year, one in which the country wasn’t dealing with the catastrophic public health and financial impacts of a global pandemic, tax season would already be winding down. We’re now a week past the normal April 15 federal tax filing deadline, which this year has been extended until May 17. This means there’s …

Donald Trump

Trump’s ex-lawyer claims he knows why the president is scared to release his tax returns

September 17th, 2020

Donald Trump has famously resisted making his tax returns public for years. Trump’s disgraced former lawyer Michael Cohen thinks he knows why. In Cohen’s new book Disloyal, the former fixer-turned-witness against President Donald Trump says the tax returns would reveal that Trump likely isn’t as wealthy as he claims to be, for starters. Donald Trump’s disgraced …

Apple Ireland Taxes

Entire nation sues to reduce Apple’s tax bill

November 8th, 2016

Tomorrow, Irish Finance Minister Michael Noonan will file an appeal against Apple’s $14.4 billion tax bill in European court. But Ireland isn’t fighting to get back what it’s owed; rather, it’s contesting a recent EU ruling on behalf of Apple, saying that the company shouldn’t have to pay Ireland the equivalent of about $3,000 per person.

House puts 5-year freeze on new mobile taxes with Wireless Tax Fairness Act

November 3rd, 2011

The United States House of Representatives approved the Wireless Tax Fairness Act on Tuesday, an initiative that prevents new local and state taxes on wireless bills for the next five years. “We need to encourage the development and adoption of wireless broadband, not tax it out of existence,” Representative Zoe Lofgren said. The average tax …

iPad maker Foxconn could spend $12B on new plants in Brazil

April 12th, 2011

Hon Hai Precision Industry Co. Ltd.-owned Foxconn is considering spending up to $12 billion on new facilities in Brazil that would help the electronics manufacturer’s clients avoid high import taxes on devices shipped to key markets from China and Taiwan. The move would also potentially help the manufacturer avoid some of its rising labor costs …