Treasury Department Archive

TweetShareSharePin0 Shares The following article is from the “Tax and Monopoly” October 2022 issue of the Tax Justice Focus, an online magazine that explores boundary-pushing ideas in tax justice and revolutionary solutions to the most pressing challenges of our time. Each edition features articles from prominent experts and academics from around the world. The “Tax and monopoly” issue

TweetShareSharePin0 Shares The Mormon Church, based in Salt Lake City, Utah, is under scrutiny as it seems religious leaders may be skirting international tax laws. The Mormon Church — officially known as the Church of Jesus Christ of Latter Day Saints — was founded on by Joseph Smith on April 6, 1930 in Fayette, New

TweetShareSharePin0 Shares Following an investigation headed by the IRS Criminal Division, a former Apple employee has admitted to defrauding the Silicon Valley tech company of over $17 million. Yesterday, November 1, Dhirendra Prasad pleaded guilty to conspiracy to commit fraud and conspiracy to defraud the United States in federal court. The update was announced by Special Agent

TweetShareSharePin0 Shares As Wisconsin’s gubernatorial election draws near, the spotlight is on a potential flat individual income tax—and its effects on the state’s taxpayers and economy. Unfortunately, there has been much confusion, with bold claims being made based on plans that don’t exist, including claims that a flat tax “would increase taxes on the middle class and

TweetShareSharePin0 Shares Key Findings Starting in 2022 and continuing through 2026, businesses will face several tax changes scheduled as part of the Tax Cuts and Jobs Act (TCJA), including a switch to five-year amortization of R&D expenses, the gradual phaseout of 100 percent bonus depreciation, a tighter interest deduction limitation, and an increase in international

TweetShareSharePin0 Shares The following article is from the “Tax and Monopoly” October 2022 issue of the Tax Justice Focus, an online magazine that explores boundary-pushing ideas in tax justice and revolutionary solutions to the most pressing challenges of our time. Each edition features articles from prominent experts and academics from around the world. The “Tax

TweetShareSharePin0 Shares In a landmark move, the Supreme Court of the United States has approved Donald Trump’s request for the release of his tax records to be delayed. Yesterday, it was confirmed that the former President had petitioned the highest court in the land to block the release of his tax records, a move that was previously