For John Leeds, the hour-and-a-half commute to and from his job as assistant manager at Treasure Valley Cannabis Company is exhausting, but logistically unavoidable.Like nearly half of the other employees, […]
Taxation
Trending topics and news from the Taxation category
Back to news homeThe Greatest Wealth Transfer in History Is Here, With Familiar (Rich) Winners
An intergenerational transfer of wealth is in motion in America — and it will dwarf any of the past.Of the 73 million baby boomers, the youngest are turning 60. The […]
I.R.S. Unveils $80 Billion Plan to Overhaul Tax Collection
WASHINGTON — The Internal Revenue Service on Thursday unveiled an $80 billion plan to transform itself into a “digital first” tax collector focused on customer service and cracking down on […]
Berkshire Hathaway Reports Major Investment Losses in 2022
And BNSF Railway reported a slight drop in earnings, in large part because of the rising cost of fuel and lower volumes of shipments.Still, in his annual letter to shareholders […]
How the U.S. Government Amassed $31 Trillion in Debt
WASHINGTON — America’s debt is now six times what it was at the start of the 21st century. It is the largest it has been, compared with the size of […]
Kevin McCarthy’s Speaker Drama Raises New Fears on Debt Limit
WASHINGTON — Representative Kevin McCarthy of California finally secured the House speakership in a dramatic vote ending around 12:30 a.m. Saturday, but the dysfunction in his party and the deal […]
Will Taxing the Windfall Profits of Oil Giants Fix Countries’ Economies?
Major oil and gas companies have raked in multibillion-dollar profits at unheard-of levels. Households around the world are reeling from soaring energy prices, while governments are struggling with outsize spending […]
Britain’s Gamble on Tax Cuts has Economists Warning of Past Mistakes
Ms. Truss has been cheered on by conservative champions of supply-side economics in the United States, including many of the chief backers of Mr. Trump’s tax cuts. Stephen Moore, who […]
On Portugal’s ‘Bitcoin Beach,’ Crypto Optimism Still Reigns
LAGOS, Portugal — The Bam Bam Beach Bitcoin bar, on an uncrowded beach in southwestern Portugal, is the meeting place.To get there, you drive past a boat harbor, oceanside hotels […]
They Were Entitled to Free Care. Hospitals Hounded Them to Pay.
In 2018, senior executives at one of the country’s largest nonprofit hospital chains, Providence, were frustrated. They were spending hundreds of millions of dollars providing free health care to patients. […]