taxes

Lawrence Summers Wants to Target the Rich, But Not Through a Wealth Tax

Lawrence Summers Wants to Target the Rich, But Not Through a Wealth Tax

Former Treasury Secretary Lawrence Summers proposed a suite of steps the U.S. government can take to raise trillions of dollars more in revenue from the rich without adopting a wealth tax.
Elizabeth Warren’s Year of Plans Faces Judgment Day in Iowa

Elizabeth Warren’s Year of Plans Faces Judgment Day in Iowa

Senator Elizabeth Warren prides herself on having a plan for everything, yet that isn’t translating to a strong showing in the polls a week before the nation’s first nominating contest.Throughout the
Palo Alto: Headcount tax proposition moves forward amid local support

Palo Alto: Headcount tax proposition moves forward amid local support

Palo Alto council members voted 4-2 to move forward with plans to implement a new headcount tax like the one that went into effect in Mountain View this year.
Americans to Inherit $764 Billion This Year, Mostly Tax-Free

Americans to Inherit $764 Billion This Year, Mostly Tax-Free

One way the rich get richer is through inheritance, and they’re barely paying taxes on it.
Airbus Agrees to Settle Bribery Cases for About $3 Billion

Airbus Agrees to Settle Bribery Cases for About $3 Billion

Less than a year into the job running Airbus SE, Guillaume Faury is poised to accomplish a sweeping legal settlement of bribery allegations that dogged his predecessor for years and led to a mass
U.S. Election Anxiety Joins Virus Fears in Fueling Yen Swings

U.S. Election Anxiety Joins Virus Fears in Fueling Yen Swings

The cost of hedging the yen has increased and surprisingly it isn’t just escalating fears of the deadly coronavirus that are gripping global markets -- it’s also reflecting market anxiety on the
Palo Alto: New business tax discussion on tap for Monday

Palo Alto: New business tax discussion on tap for Monday

Palo Alto council members are set to begin discussions on a new business tax as it looks for better financial footing in paying for millions in transportation needs.

Tom Steyer Would Pay $18 Million More in Taxes Under Democrats’ Plan

Billionaire and Democratic presidential contender Tom Steyer would pay $17.9 million more in annual taxes under a plan Democrats are considering should they sweep Congress and the White House in the
U.S., EU Sketch Battle Lines to Reset Trade Talks

U.S., EU Sketch Battle Lines to Reset Trade Talks

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Who’s Afraid of the IRS? Not Facebook.

This story was originally published by ProPublica, a nonprofit newsroom that investigates abuses of power. Sign up for ProPublica’s The Big Story newsletter to receive stories like this one in your
This Year’s Other Big Climate Election? It’s for Texas Railroad Bureaucrat

This Year’s Other Big Climate Election? It’s for Texas Railroad Bureaucrat

The Texas Railroad Commission regulates oil drillers’ ability to burn off natural gas—a contributor to warming.
Bloomberg Offers Few Details to Back Up Trillions in Spending

Bloomberg Offers Few Details to Back Up Trillions in Spending

Ask Democratic presidential candidate Michael Bloomberg how he’ll pay for his plans to create jobs, provide health insurance and repair roads and bridges, and you get the same answer: Wait until you

Another Great Depression or Tax Justice and Transparency? The Tax Justice Network January 2020 Podcast

TaxCast ranges well beyond tax today, with topics including IMF warnings, the Brexit rogue UK vision, and looting in Angola.
U.K. to Use High Tariff Threat to Accelerate Trade Talks: Times

U.K. to Use High Tariff Threat to Accelerate Trade Talks: Times

U.K. Prime Minister Boris Johnson plans to use high tariffs as “leverage” to accelerate trade talks with the European Union, U.S. and other nations, the Times of London reported.
Leaving the Mountain: Davos Diary

Leaving the Mountain: Davos Diary

The 50th annual meeting of the World Economic Forum is over.

All of your questions on filing taxes in 2020, answered

It's time, once more, to settle up with the IRS.
Mnuchin Touts Tax Cuts With Davos Finale Endorsing Fiscal Boost

Mnuchin Touts Tax Cuts With Davos Finale Endorsing Fiscal Boost

Top financial officials from the major global economies used the World Economic Forum in Davos to tout the benefits of government spending as a way to lift growth out of its funk and reduce reliance
Troubles Mount for U.K.-U.S. Alliance Ahead of Trade Talks

Troubles Mount for U.K.-U.S. Alliance Ahead of Trade Talks

Britain and America suddenly seem to be fighting all the time. The so-called special relationship has been repeatedly tested this week -- and the timing is sensitive, just as Boris Johnson and
EU Widens Tariff Threat on Steel From China, Taiwan, Indonesia

EU Widens Tariff Threat on Steel From China, Taiwan, Indonesia

The European Union ordered its customs officials to register flat-rolled stainless steel imports from China, Taiwan and Indonesia, widening the threat of tariffs on the shipments.
Brussels Edition: Merkel Heading Into Troubled Waters

Brussels Edition: Merkel Heading Into Troubled Waters

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. Sign up here to get it in your inbox every weekday morning.