The White House reveals what next week’s ‘big announcement’ on taxes will look like

The White House will release on Wednesday the “broad principles and priorities” of their plans to overhaul federal taxes, a White House official said Friday night, downplaying expectations that the Trump administration would reveal key details underpinning the plan. President Trump said earlier Friday that he would release new information about his plan to overhaul the tax code on Wednesday, a […]

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IRS Commissioner Avoids Questions on Trump’s Taxes

IRS Commissioner John Koskinen came to Congress Wednesday to defend himself against Republican calls to impeach him, but he also had to deflect Democrats’ repeated questions about what could become the most significant documents of 2016: Donald Trump’s tax returns. The Internal Revenue Service, maligned by Republicans during the Obama administration amid accusations the agency had targeted conservative groups for […]

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Most Americans Think the Wealthy Don’t Pay ‘Fair Share’ of Taxes, Poll Says

Overall, 59% of Americans think Congress needs to “completely change” Americans’ chief complaint about the federal tax system is the feeling that some corporations and wealthy individuals are not paying their fair share of taxes, according to a poll released Thursday. The Pew Research Center poll conducted in late February found that 64% of Americans are bothered “a lot” by […]

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Mister Taxman: Why Some Americans Working Abroad are Ditching Their Citizenships

Why is Tina Turner switching from American to Swiss citizenship? The legendary singer, a longtime Zurich resident, told the Blick newspaper that she has been very happy in Switzerland and “can’t imagine a better place to live.” But some observers believe she may be one of thousands of American expatriates who have taken the drastic and irrevocable step of giving […]

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