federal taxes Archive

Gov. DeSantis Expected to Reach Agreement In Reedy Creek Debacle

TweetShareSharePin0 Shares In recent months, Florida residents have found themselves embroiled in the battle over the Reedy Creek Improvement District.  The District’s official website shares the following information about its operations: …[Reedy Creek is] a progressive form of government, created in 1967 by a special Act of the Florida Legislature, the purpose of which is

Biden’s Corporate Minimum Tax Hits Amazon Hard

TweetShareSharePin0 Shares Mega online retailer and media powerhouse,, is set to be among the hardest hit by the new corporate minimum tax in President Biden’s Inflation Reduction Act. The sweeping tax and climate bill, which passed with “unanimous Republican opposition,” as reported by People Magazine, was signed into law on August 16, 2022.  In late July

TIGTA Report on Government Contractor Tax Delinquency

TweetShareSharePin0 Shares In 2014 Congress passed the Consolidated and Further Continuing Appropriations Act prohibiting federal agencies from using appropriated funds to award a contract or grant to a corporation owing any amount of delinquent federal taxes unless it considered suspension or disbarment.  A regulation, which goes by the catchy name Federal Acquisition Regulation (FAR), provides

U.K. Makes Biggest Tax Cuts Since 1970s, Pound Tumbles

TweetShareSharePin0 Shares Government officials in the United Kingdom have approved the biggest tax cuts since the 1970s in a bid to brace for recession. As a result, the pound has tumbled. The Wall Street Journal reported on the sweeping tax relief package, noting that it will “cut payroll taxes, freeze corporation tax, ditch banker-bonus cap

Wheel Tax Officially Repealed, 500,000 Drivers Benefit

TweetShareSharePin0 Shares Cook County, Illinois has officially repealed its wheel tax, benefitting about 500,000 drivers. Per a report from the Chicago Tribune, the Cook County Board voted to do away with the tax on Thursday, September 22.  Most residents who were impacted by the local tax paid $80 or $100 annually depending on the size

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