Taxes Storyboard
Share the Taxes Storyboard with FriendsHow Trump's IRS settlement could block tax audits of him, his family and their businesses
BBC - 21 May 2026 02:24
Some lawmakers and legal experts say the department has violated federal law with its addendum to the settlement.
You May Be Owed a Tax Refund From the Covid Era
The New York Times - 8 May 2026 14:01
A court ruling found that the I.R.S. shouldnt have charged penalties and interest during the pandemic. But the governmen...
US will be exempt from global tax deal targeting profits of large multinationals
The Guardian - 6 Jan 2026 03:00
Agreement finalised by the OECD waters down a landmark 2021 deal that set a minimum global corporate tax of 15%Nearly 15...
I.R.S. Says Churches Can Endorse Candidates From the Pulpit
The New York Times - 8 Jul 2025 03:52
In a court filing, the tax agency said a decades-old ban on campaigning by tax-exempt groups should not apply to houses ...
Treasury Secretary Scott Bessent asks Congress to strip 'revenge tax' from Big Beautiful Bill
New York Post - 27 Jun 2025 03:22
The provision would grant Trump the authority to tax foreign holdings of US investments as a way to retaliate against co...
Trump's 'revenge tax' could threaten foreign investment into US, analysts say
The Guardian - 16 Jun 2025 07:00
Concerns raised that section 899 could backfire and also undermine dollar's safe haven status Foreign investment into th...
Trump's Tax Policy Collides with Market Reality
The New York Times - 21 May 2025 14:43
Another spike in Treasury bond yields puts lawmakers in a tricky spot as they push for big cuts that could drastically s...
Republicans Lay Out Early Plans to Extend and Expand Trump Tax Cuts
The New York Times - 10 May 2025 05:32
House Republicans rolled out the first pieces of a roughly $4 trillion tax cut they hope to pass, including measures tha...
GOP senators unveil legislation to cut taxes on overtime pay in line with Trump's campaign promise
New York Post - 7 May 2025 03:12
"Potentially, for a person that's working overtime, they could save another $4,000 on taxes if this legislation is signe...
The IRS had 3 different bosses during the week taxes were due
Business Insider - 19 Apr 2025 02:03
After another leadership shakeup at the IRS, Michael Faulkender on Friday became the fifth leader of the IRS since Janua...
Top US companies spent three times as much on buybacks than on taxes after Trump tax cuts - report
The Guardian - 9 Apr 2025 13:00
As president proposes new cuts, data shows 11 corporations collectively recorded nearly $500bn in profits since last cut...
Republicans Want to Make the Trump Tax Cuts Last Forever
The New York Times - 6 Apr 2025 11:01
Senate Republicans are hoping to ice Democrats out from deciding the fate of President Trump's 2017 tax cuts, a move tha...
Senate approves Republican plan for trillions in tax breaks and spending cuts
The Guardian - 5 Apr 2025 15:20
Vote fell mostly along party lines and now goes to the House, where it could be voted on as soon as next week Senate Rep...
IRS workers 'paralyzed' by DOGE's massive cuts claim Elon Musk's budget busters are reshaping the ag...
Daily Mail - 16 Mar 2025 04:37
Elon Musk's Department of Government Efficiency has stormed into the IRS, slashing thousands of jobs, shutting down taxp...
DOGE accessing 'the motherlode' of Americans' private IRS data raises serious questions. We've got a...
Market Watch - 20 Feb 2025 01:00
The data system DOGE wants access to includes people's bank account information, Social Security numbers -- and whether ...
Elon Musk Calls for 'Massive Reset' of US Tax Regulations--Says They're 'Torturing' Americans
Bitcoin.com - 4 Feb 2025 02:30
Elon Musk says the U.S. tax code is torturing Americans, demanding an urgent reset while slamming wasteful government sp...
Biden Looks to Raise Taxes on Wealthy and Corporations to Shave Deficit
The New York Times - 10 May 2024 16:58
Lael Brainard, the director of the National Economic Council, said lawmakers should raise taxes on companies and the wea...
Ex-IRS Contractor Pleads Guilty In Leak Of Trump's Tax Return Information
The Huffington Post - 13 Oct 2023 02:13
A former IRS contractor charged with leaking tax information to news outlets about former Donald Trump and thousands of ...
IRS Contractor Charged With Leaking Tax Records Of Wealthiest Americans And 'High-Ranking Government...
Forbes - 30 Sep 2023 00:35
Former President Donald Trump is reportedly the "high-ranking" official.
'They can survive just fine': Bernie Sanders says income over $1bn should be taxed at 100%
The Guardian - 2 May 2023 07:00
The independent Vermont senator argued against unfettered capitalism in an interview with journalist Chris Wallace The U...
Trump Organization Fined $1.6 Million for Evading Taxes
The New York Times - 13 Jan 2023 16:55
The Trump Organization must pay $1.6 million for giving executive off-the-book benefits and pay.
Trump's tax returns released by Congress shine unflattering light on global businesses
NY Daily News - 31 Dec 2022 02:41
The documents show how Trump used the tax code to lower his tax obligation and reveal details about foreign accounts, ch...
Donald Trump's tax returns expected to be released by House on Friday
NY Daily News - 30 Dec 2022 02:36
The House Ways and Means Committee, which is due to shift into Republican hands when the upcoming Congress begins in fiv...
Law requiring presidential tax audits passes House after Trump report bared 'major failures'
NY Daily News - 24 Dec 2022 01:12
It's unlikely to even get a hearing in the Senate, where lawmakers have already left Washington D.C. for the end-of-year...
Trump's Taxes: Red Flags, Big Losses and a Windfall From His Father
The New York Times - 22 Dec 2022 03:51
The presidency of Donald J. Trump, a congressional report reveals, was marked by some of the same questionable tax maneu...
I.R.S. Routinely Audited Obama and Biden, Raising Questions Over Delays for Trump
The New York Times - 22 Dec 2022 02:42
The revelation that the agency had not audited Donald J. Trump during his first two years in office despite a mandatory ...
IRS failed to conduct timely mandatory audits of Trump's taxes while president
The Guardian - 21 Dec 2022 15:42
Internal Revenue Service only began audit after prompting from Congress in 2019, House ways and means committee indicate...
Trump Organization Finance Chief Details the Birth of Tax-Fraud Scheme
The New York Times - 18 Nov 2022 03:44
Allen H. Weisselberg came close to tears as he told how money for cars, apartments and tuition was camouflaged in the le...
IRS Releases Inflation-Adjusted Tax Rates for 2023
The New York Times - 19 Oct 2022 02:39
Filers whose salaries have not kept pace with inflation could see savings on their federal income tax bills.
Global Minimum Tax Suffers Fresh Setback as EU Fails to Agree on Implementation
Wall Street Journal - 17 Jun 2022 16:37
Hungary vetoed a European Union agreement to implement the minimum tax rate on company profits, which is also stalled in...
Biden will reportedly propose a 'billionaire minimum income tax' in his budget
Business Insider - 27 Mar 2022 05:57Biden Budget Seeks Minimum Tax On Households Worth $100 Million
The Huffington Post - 27 Mar 2022 05:42
The introduction of the minimum tax on the wealthiest Americans would represent a significant reorienting of the tax cod...
A Global Tax Deal Is at Hand. Here's How It Would Work.
The New York Times - 30 Oct 2021 01:37
President Biden will sign on to an international pact aimed at ending profit-shifting by large companies. Here's a look ...
How the proposed billionaires' income tax would work
ABC News - 28 Oct 2021 00:43
Democrats have proposed the tax to raise money for the infrastructure bill.
Democrats Hammer Out Novel Plan to Tax Billionaires and Corporate Giants
The New York Times - 27 Oct 2021 03:20
New proposals would fund social and climate programs by tapping billionaires' unrealized gains and by ensuring that the ...
Dems plan billionaires' unrealized gains tax to help fund $2T spending bill
New York Post - 25 Oct 2021 03:34
Biden's spending package continues to stall as senior Democrats are hoping to finalize a proposal on a new annual tax on...
Democrats Back Away From Raising Tax Rates to Pay for Agenda
The New York Times - 21 Oct 2021 01:38
Responding to concerns from a key centrist, Senator Kyrsten Sinema of Arizona, the White House and leading Democrats are...
Sunak 'planning £2bn in cuts and the UK's highest peacetime tax rate'
The Guardian - 12 Oct 2021 01:01
Chancellor on track to impose a package of manifesto-busting tax increases at this month's budget, says IFS Rishi Sunak ...
US treasury secretary Yellen: global minimum corporate tax will pass
The Guardian - 10 Oct 2021 16:18
Minimum global corporate rate of 15% agreed by 136 countries as Yellen also says US will raise debt ceiling on 3 Decembe...
Ireland joins OECD tax agreement, ends status as tax haven for multinationals
AppleInsider - 8 Oct 2021 03:04
Ireland on Thursday announced that it will join an Organization for Economic Cooperation and Development agreement that ...
From Claudia Schiffer to Shakira - the rich and famous faces caught up in the Pandora Papers leak
Daily Mail - 4 Oct 2021 03:31
The famous faces are all said to have created offshore companies in tax havens including the British Virgin Islands. Ita...
Finance Leaders Reach Global Tax Deal Aimed at Ending Profit Shifting
The New York Times - 5 Jun 2021 13:37
The Group of 7 nations reached an agreement over a global minimum tax that companies would pay regardless of where they ...
G7: Rich nations confident on reaching tech tax deal
BBC - 5 Jun 2021 05:02
German finance minister Olaf Scholz says a minimum tax deal agreed by the G7 will "change the world".
President Biden earned $607K in 2020, paid 26% in federal taxes, returns show
USA Today - 18 May 2021 04:22
Biden's transparency on taxes continues a break from former President Donald Trump, who refused to release his tax retur...
Biden Will Seek Tax Increase on Rich to Fund Child Care and Education
The New York Times - 23 Apr 2021 01:43
The president's American Family Plan, which remains in flux, does not currently include an effort to expand health cover...
President Biden's Restriction On State Tax Cuts Challenged In Court By Multiple Attorneys General
Forbes - 1 Apr 2021 04:59
In an effort to thwart tax relief for his own constituents, Senator Joe Manchin has forced attorneys general in other st...
Biden to propose $2 trillion infrastructure, jobs plan funded by corporate tax hike
USA Today - 31 Mar 2021 13:28
The White House is comparing President Joe Biden's infrastructure proposal to the construction of interstate highways an...