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Federal Tax Updates Archive

Avoiding A Government Shutdown: It’s That Time Of Year

TweetShareSharePin0 Shares A temporary spending bill is in the works. House Democratic leaders hope to take up a temporary spending bill when they return to the Capitol next week. They have to move quickly, since Congress must pass a continuing resolution before Oct. 1 or risk, yes, a government shutdown. The bill would extend government

Income Tax Inflation Adjustments in Europe

TweetShareSharePin0 Shares Most countries’ personal income taxes have a progressive structure where tax rates increase as individuals earn higher wages. However, if wages are pushed up by inflation, people may pay higher taxes even if their real earnings have not increased. This is known as bracket creep. In the first quarter of 2022, labor costs

Disabled Retiree Who Lost Home Receives Settlement In Tax Battle

TweetShareSharePin0 Shares A disabled retiree has finally received an $85,000 settlement following a property tax battle that ultimately cost her over $200,000 in equity, and her residence itself.  According to a report by The Standard-Times, New Bedford, Massachusetts resident Deborah Foss, 67, lost her home and over $200,000 in equity over a rather paltry $10,000

Tax Justice Network’s French podcast: La justice fiscale s’impose, même dans le cadre de l’Aide Publique au Développement #43

TweetShareSharePin0 Shares Welcome to our monthly podcast in French, Impôts et Justice Sociale with Idriss Linge of the Tax Justice Network. All our podcasts are unique productions in five different languages every month in English, Spanish, Arabic, French, Portuguese. They’re all available here and on most podcast apps. Here’s our latest episode: Pour cette 43ème édition de votre Podcast en français sur la justice fiscale et la

Bullitt County Leader Wants to Keep Controversial Bourbon Tax

TweetShareSharePin0 Shares A leader in Bullitt County, one of Kentucky’s top bourbon producers, wants the state to keep its controversial bourbon tax, which the distillery industry is pushing to axe. A report out of Louisville shared details about comments made by Jerry Summers, Bullitt County judge-elect: “I firmly believe this would be an undue burden

U.S. Extradites Citizen From Costa Rica After Wire Fraud Plea

TweetShareSharePin0 Shares A United States citizen has been extradited from Costa Rica after pleading guilty to a wire fraud scam that ultimately cost investors over $2.9 million. The case, primarily investigated by the IRS Criminal Investigation division, involves a scam that Butler and his co-conspirators operated between January 2011 and October 2016.  The group operated

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