Internet sales tax ruling a win for brick-and-mortar retailers
The Supreme Court gave states the authority to force online retailers to collect sales tax on all purchases.
Taxes
States can now force online retailers to collect sales tax
The Supreme Court decision means a state will be able to tax all online purchases made by its residents even for a transaction carried out beyond its borders.
New 1040 tax form will be the size of a postcard
U.S. Treasury Secretary Steven Mnuchin said the Internal Revenue Service will be ready to unveil new tax forms next week.
Rich people in high-tax states are using this strategy to evade SALT caps
Americans are using non-grantor trusts to get around the $10,000 SALT deduction cap.
Social Security shortfall: Higher taxes, reduced benefits to come?
Social Security will only be able pay full benefits for recipients through 2034 unless lawmakers take action to address the shortfall.
Seattle can’t ‘scare the golden goose’ after head tax repeal
The tech titan has some advice for Seattle lawmakers.
Seattle repeals ‘head tax’ after backlash from Amazon, Starbucks
Originally passed on May 14, the measure required large companies to contribute $275 per employee annually toward efforts to combat homelessness.
Seattle may pull ‘head tax’ after Amazon, Starbucks cry foul
The repeal effort is underway despite the tax’s unanimous passage on May 14.
Californians fed up with high taxes: GOP candidate John Cox
California Republican gubernatorial candidate John Cox told FOX Business that Democrats have put the state in fiscal turmoil.
Place your bets: Delaware takes sports wagers, others close
The market for legal sports gambling in the United States widened significantly on Tuesday with the expansion of single-game sports bets in Delaware, putting legal wagering within driving distance of three major East Coast cities less than a month after the U.S. Supreme Court cleared the way for states to accept the bets.
The Latest: New Jersey panel backs sports betting bill
The Latest on the New Jersey Legislature's consideration of a law to legalize sports betting in the state (all times local): ___ 10:40 am New Jersey lawmakers want to tax sports betting revenue won over the internet at a rate of 13 percent.
Insider Q&A: How to invest in 'opportunity zones'
Last year's tax overhaul created a massive new incentive for investing in some of the United States' poorest neighborhoods.
Small caps buoying market amid political tumult
Small-cap stocks had little trouble shaking off the crisis in Italy or an on-again, off-again global trade war that looks like it is on again.
Maine lawmakers to Trump: No taxes on China seafood imports
Maine's members of Congress are urging President Donald Trump's administration not to place tariffs on seafood imports from China because they fear such a move would jeopardize the state's valuable lobster industry.
Electric vehicle startup SF Motors takes over Indiana plant
An electric vehicle startup announced Wednesday that it is retooling an Indiana factory and hopes to conduct trial runs for two new lines of vehicles by the end of the year.
Iowa utility: Project means wind will meet customer demand
An Iowa-based utility is proposing a massive wind turbine project that would be the nation's first investor-owned electric utility to generate all of its customer demand from wind energy.
Australian Senate to vote in June on corporate tax cuts
The Australian government has announced the Senate will vote in June on cutting corporate tax rates after an opinion poll suggested the contentious reform had popular public support.
Trump car tariff would be ‘terrible day’ for consumers
Trade group says retaliation a likely consequence.
Google, Apple could also face ‘Amazon taxes’
The city council in Mountain View, California, will move forward with a vote on a head tax after Seattle approved a similar measure earlier this month.
IRS may squash SALT workarounds in high-tax states
Taxpayers are ultimately beholden to federal law when it comes to the characterization of their tax payments, according to the IRS and Treasury Department