Tax Code

Tax Code News

  • Ukraine Separatists Ignore Geneva Deal on Easing Tensions

    Pro-Russian protesters in eastern Ukraine refused to give up buildings and lay down their arms as a four-nation deal negotiated in Geneva demanded, while the government in Kiev pledged to abide by the terms of the accord.

  • Howard Has Recipe for “Saving America from Dead Laws” (Audio)

    Philip K. Howard, author of ‘The Rule of Nobody: Saving America From Dead Laws and Broken Government’, says his latest book is an effort to lay out a framework for reinventing government so it can balance budgets, let teachers run classrooms again, reform the nation’s tax code, and more. Howard, who is also partner at Covington & Burling, chairs Common Good, which believes that “dense” law makes government ineffective. Howard says law has taken over government, with a structure so dense it’s beyond the capacity of humans to handle. Howard speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage”.

  • Tax Havens Leave U.S. Filers $1,259 Tab Each, Report Says

    U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report.

  • Twitter Heads to Turkey for Talks Amid Erdogan Ban Threat

    Twitter Inc. is seeking to ease tensions in Turkey amid accusations from Prime Minister Recep Tayyip Erdogan’s administration that the U.S. company evades taxes and refuses to abide by Turkish law.

  • Wealthiest Pay Higher Taxes With Scant U.S. Economic Harm

    As the political fight over raising taxes for high-income Americans fades away, so are predictions for negative economic fallout.

  • Flaherty Mixed Fiscal Restraint With Streak of Mischief

    Stored somewhere in Jim Flaherty’s garage at his home near Toronto is a waffle costume his campaign used as a prop during its losing bid for the leadership of the Ontario Progressive Conservatives in 2002.

  • House Panel Votes to Hold Former IRS Official in Contempt

    A U.S. House committee voted to hold former Internal Revenue Service official Lois Lerner in contempt of Congress for refusing to testify about her role in scrutinizing Tea Party groups seeking tax exemptions.

  • IRS’s Lerner Pursued Karl Rove Group, Republicans Allege

    Former Internal Revenue Service official Lois Lerner engaged in an “aggressive and improper pursuit” of Crossroads Grassroots Policy Strategies, a nonprofit political group advised by Republican Karl Rove, according to the House Ways and Means Committee.

  • House Panel Said to Urge Prosecuting Former IRS Executive

    The House Ways and Means Committee is meeting in private this morning as it considers urging Attorney General Eric Holder to prosecute former IRS executive Lois Lerner.

  • Tax Writers Clash on Paying for Extending Business Breaks

    The top lawmakers on the House Ways and Means Committee disagreed over whether extending tax breaks for research and international finance operations should be offset to prevent the U.S. budget deficit from growing.

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