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Tag Archives: tax

IRS is shrinking the 1040 tax form

Instead of filling two pages, the new version will need about one, according to a draft released on Friday. (The page is halved and is double-sided.) Finance Minister Steven Mnuchin said he made a pledge to simplify the tax return process and provide a simple postcard-sized tax form. It will replace the old 1040, as well as the 1040A and …

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"Not what we expected": Trump's tax law is losing popularity

In a crowded arena in Fargo, ND, President Trump's hottest fans shouted approval this week as he talked about protecting the US borders, against the Democrats, and "respect for our great, beautiful, wonderful American flag," Trump Turning to the tax bill, his highest legislative achievement, the crowd applauded – but without the fervor they had shown for many of his …

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Donald Trump celebrates tax cuts six months later

President Donald Trump celebrated the six-month anniversary of his $ 1.5 trillion tax cuts on Friday, culminating in "unleashing an economic miracle." Trump spoke to a White House on Friday on the occasion of the six-month anniversary of tax cuts that come into effect in the ninth year of an economic expansion begun under President Barack Obama. Trump mistakenly called …

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feud over millionaire's tax Customs New Jersey closer to Shutdown

TRENTON – What began as a key campaign pledge by Governor Philip D. Murphy to raise taxes on New Jersey's richest people has become a wedge problem that has broken democratic control in the state and a second government shutdown threatens years [19659002] Trenton was consumed by every turn of last-minute budget negotiations that included counterproposals to increase taxes on …

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Korean Air chief appears for suspected tax evasion

SEOUL (Reuters) – Korean Air Lines Chairman Cho Yang-ho appeared on Thursday at the prosecutor's office for questioning over allegations of tax evasion and other financial crimes, as South Korea's family-owned conglomerates face growing scrutiny. Korean Air Lines Chairman Cho Yang-ho arrives at a prosecutor's office in Seoul, South Korea, June 28, 2018. REUTERS / Kim Hong-Ji "I want to …

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Harley-Davidson "gave up," says Trump, threatening to tax it for trade

President Trump proposed one of his favorite American manufacturers Tuesday, criticizing Harley-Davidson over his plans to relocate parts of his motorcycle production abroad and impose punitive taxes. Continuing Tweets On Tuesday, the president accused the Wisconsin-based company of "surrendering" to Trump's trade war with Europe. He told Republican lawmakers at a White House meeting that the move led to a …

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Supreme Court Wayfair, Internet sales tax decision is good for you

President Donald Trump says the decision of the Supreme Court in Wayfair against South Dakota is a "great victory for consumers and retailers". He happens to be right, even though the real reason he likes this decision, he thinks it's bad for Amazon and Jeff Bezos. The ruling contradicts two Supreme Court rulings decades ago stating that states could not …

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New Jordan PM commits to disputed income tax bill | news

Jordan's new prime minister, Omar al-Razzaz, announced Thursday that his government will lift a controversial Income Tax Law days after his appointment by King Abdullah II. Before reporters after a meeting in the Jordanian parliament, Razzaz said there was a consensus to withdraw the tax laws, which has led to nationwide protests that started last week against International Monetary Fund …

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Jordan's King Abdullah has been calling for a tax audit for years after the biggest protests

Copyright of image Getty Images Jordan's King Abdullah has commanded the country's new prime minister Issues review of controversial new tax law after days of protests Education Minister and former World Bank economist Omar al-Razzaz has replaced former Prime Minister Hani Mulki, who resigned on Monday. The protests in Jordan, a The most important Western ally is the largest in …

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