The Latest Breaking News from Income Tax

Nobel prize-winning economist calls for new top rate of income tax and 2-3% wealth tax on fortunes

Justin Barker failed to pay up more than £70k in tax and VAT

The Internal Revenue Service offered a lifeboat of sorts Tuesday to California residents and businesses floundering in the atmospheric river: More time to pay their income taxes.

Mark Drakeford accused Plaid leader of misrepresenting how government finances work

Congressional Democrats last year showered the IRS with $80 billion in new funding in an effort to close an estimated $600 billion “tax gap,” the difference between income taxes actually owed and those actually collected. This was supposed to help pay for the Biden administration’s ongoing spendapalooza that has run…

The Industry and Finance ministries are using a new corporate income tax reduction programme to encourage businesses to use more biodegradable plastic products, in a move to reduce waste.

Despite $80 billion in new funding, the agency is living up to its reputation of hassling low-income taxpayers over rich people.

Plan to cut income tax again advances out of Kentucky House

Tax cuts, maybe medical cannabis: what’s in store for the 2023 Ky. General Assembly