
Laura Davison
Capitol Hill tax reporterLaura Davison is a Capitol Hill tax reporter at Bloomberg News
Laura Davison is a Capitol Hill tax reporter at Bloomberg News
There are still several ways to minimize 2019 tax bills before the end of the year.
Even Alexandria Ocasio-Cortez is skeptical about the viability of Elizabeth Warren’s wealth tax to pay for trillions of dollars in government programs and address income inequality.
The president should have a chance to block House Democrats from obtaining his New York state tax returns, a federal judge decided, in a boost for the president as he fends off other subpoenas for his financial records while facing an impeachment inquiry.
Democratic representatives are working on legislation that would nearly double the top individual U.S. tax rate on the highest incomes.
The Treasury Department is planning to issue regulations restricting how hedge fund managers can claim a valuable tax break early next year.
Certain land donation deals that get hefty tax deductions will be under tighter scrutiny from Internal Revenue Service auditors.
Moderate Democrats in Congress are crafting viable alternatives to Elizabeth Warren’s wealth tax, amid increasing concerns that her soak-the-rich strategy won’t pass even if the party captures both chambers of Congress in 2020.
With two of the leading presidential candidates competing to promote sweeping tax hikes on the ultra-wealthy, two other Democrats are advancing a more modest surtax on high incomes that supporters say has a better chance of actually becoming law.
A federal judge indicated he would allow House Democrats to proceed with a lawsuit that seeks to obtain the president’s tax returns from the Treasury Department.
The Internal Revenue Service has a message for companies that owe taxes on overseas profits: Auditors are closely watching.