-
State tax receipts plummeted by $1.5 billion, or 17.3 percent, in June compared to the same time a year ago as New York continues to suffer from the coronavirus pandemic, according to a new report. “As steps toward an economic reopening continue, state tax revenues remain far short of pre-pandemic levels,” said state Comptroller Tom …
-
H.L. Mencken once wrote that, “Every election is a sort of advance auction sale of stolen goods.” 2008 April 15 is the date on which the goods are stolen and on a Tuesday in early November—Election Day—the loot is distributed. The thieves, for the most part, are our politicians. Harsh words? Not nearly as harsh …
-
Apple on Wednesday was handed a major victory by Europe’s second-highest court, which rejected a European Union order for the tech giant to pay $15 billion in back taxes. It is the culmination of a tax battle that has been raging since 2016, when the European Commission ruled that Apple had artificially reduced its tax …
-
Johnny Depp on Monday claimed then-wife Amber Heard hit him with a “haymaker” punch on her 30th birthday — hours after he found out he’d lost a staggering $750 million. “Since Pirates [Of The Caribbean] 2 and 3, I had – and this is ludicrous to have to state, it’s quite embarrassing – apparently I …
-
One thing governments show us over and over again is their promises are almost always broken. This should concern us greatly since the “war” on COVID-19 will bring many promises from Congress that will never be realized but will cost us a lot of money anyway. Our federal government promised to balance the budget every …
-
Severe limitations on travel and the virtual shutdown of the hotel industry during the coronavirus pandemic is wreaking havoc on the treasuries of state and local governments, a sobering new report reveals. Tax revenues that hotels generate for New York’s state and local governments will crater by $1.3 billion this year, according to an analysis …
-
Supermodel Bar Refaeli on Tuesday signed a plea deal to perform nine months’ community service in Israel over tax evasion charges — while her mother will serve 16 months in prison, according to reports. The plea deal is part of a 17-month criminal probe into the 34-year-old model who was accused of lying that she …
-
Last month Zagg Inc, a Utah-based company that makes mobile device accessories, received more than $9.4 million in cash from a US government program that has provided emergency loans to millions of businesses hit by the coronavirus. The money was part of the $660 billion Paycheck Protection Program (PPP) — a linchpin of President Trump’s …
-
White House Economic Adviser Larry Kudlow on Friday floated the idea of cutting the corporate tax rate in half for US companies who bring their operations back from other countries. “Why not provide a 50 percent discount for the corporate tax rate if you’re moving from outside the US to the US?” Kudlow told reporters …
-
Senate Republicans expressed skepticism of President Trump’s proposal of a payroll tax cut for the next coronavirus relief bill, citing litigation protection as a much higher priority. “Right now, not much,” Senate Finance Committee Chairman Chuck Grassley (R., Iowa) told Politico when asked what he thought of the president’s proposal. “I’m going to give it …
State tax receipts plummeted by $1.5 billion, or 17.3 percent, in June compared to the same time a year ago as New York continues to suffer from the coronavirus pandemic, according to a new report. “As steps toward an economic reopening continue, state tax revenues remain far short of pre-pandemic levels,” said state Comptroller Tom …
