federal taxes Archive

TweetShareSharePin0 Shares Throughout the COVID-19 pandemic, many government agencies provided assistance to struggling families. The pandemic era changed life for everyone, with some families going from double incomes to single incomes due to company closures, and others facing personal crises like divorce.  One government department that offered aid to families in need was the U.S. Department

TweetShareSharePin0 Shares Divisive Florida Governor Ron DeSantis has officially pitched his $1.1 billion tax break proposal, which he previously called the “largest” the state has ever seen. DeSantis — who has close ties to Donald Trump’s newly-hired attorney Chris Kimes — faces opponent Charlie Crist, a former Republic now running on the Democratic ticket, in the Florida Gubernatorial

TweetShareSharePin0 Shares Former President Donald Trump’s ongoing legal woes are no secret, and now the State of New York has added to the pile with a $250 million lawsuit. New York Attorney General Letitia James officially sued Trump, three of his adult children, and the Trump Organization on Wednesday, September 21. The bombshell 220-page filing alleges

TweetShareSharePin0 Shares A mining contract signed by the Government of Cameroon with Sinosteel, a Chinese multinational, for an iron ore project was the centre of controversy in May 2022. Parliamentarians and some activists denounced the contract and demanded its cancellation because the agreement was disadvantageous for Cameroon. In an interview with BBC Africa, the Cameroonian

TweetShareSharePin0 Shares Note: This report was published in partnership with the Centre for Policy Studies, one of the oldest and most influential think tanks in Westminster. With a focus on taxation, economic growth, business, welfare, housing and green growth, its goal is to develop policies that widen enterprise, ownership and opportunity. Key Findings For many years, the UK has

TweetShareSharePin0 Shares Key Findings The Section 232 tariffs on imports of steel and aluminum raised the cost of production for manufacturers, reducing employment in those industries, raising prices for consumers, and hurting exports. The jobs “saved” in the steel-producing industries from the tariffs came at a high cost to consumers, at roughly $650,000 per job

TweetShareSharePin0 Shares Loss carryover tax provisions allow businesses to either deduct current year losses against future profits (carryforwards) or current year losses against past profits (carrybacks). Many companies have investment projects with different risk profiles and operate in industries that fluctuate greatly with the business cycle. Carryover tax provisions help businesses “smooth” their risk and