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Breaking Tax Reform News

Find the latest Tax Reform News from News Break the most trusted news destination from around the web.

Retail inventories won’t be included in tax reform bill

Gov. Ricardo Rosselló Nevares met Monday with House Speaker Carlos “Johnny” Méndez and Senate President Thomas Rivera Schatz, as well as the chairs of the respective chambers’ Treasury committees, Antonio Soto and Migdalia Padilla, to discuss the details of the tax reform bill. Treasury Secretary Te

CARIBBEANBUSINESS.COM - 2018-10-15 14:04:47

Tax Reform and How it Affects You and Your Clients

When the Tax Cuts and Jobs Act (TCJA) was signed into law in December 2017, the tax and accounting community was abuzz with speculation on how the new law would impact not only tax year 2018, but tax practices in general. Today, we’re almost one year into discussing and analyzing the new law and dis

CPAPRACTICEADVISOR.COM - 2018-10-15 00:00:00

Andrew Coyne: Approaching carbon tax one reason now is a good time for broad-based tax reform

Attempting to soften up public opinion for the fall economic update, the finance minister has been furiously signalling two contradictory messages. On the one hand, the government will address business concerns at the sudden deterioration of Canada’s position in the competition for international cap

NATIONALPOST.COM - 2018-10-16 00:35:49

Trump Administration Ready To Push 'Tax Reform 2.0' on Senate Floor

President Donald Trump will be pushing for more tax cuts — dubbed “Tax Reform 2.0” — in the Senate, his chief economic adviser said Thursday.Larry Kudlow, director of the National Economic Council, said “there’s a lot of good, positive things” in Tax Reform 2.0, a package of three bills that have cl

WESTERNJOURNAL.COM

FINEX warns tax reform uncertainty disrupting investment plans

MORE policy certainty, particularly regarding the government’s system of taxation and incentives, is required in order not to disrupt businesses planning to expand their activities, the top official of the Financial Executives Institute of the Philippines (Finex) said.

MSN.COM

Why Limits on State Tax Deductions Might Not Be Such a Big Deal After All -- The Motley Fool

2018 is starting to draw to a close, and some people are looking forward to the prospect of filing their first tax returns under newtax reform laws. With the promise of lower tax rates and higher standard deductions, a healthy swath of the taxpayer population will likely see smaller tax bills this t

MOTLEY FOOL - 2018-10-16 11:03:00

Analysis: Westmoreland bankruptcy shows county vulnerability | WyoFile

PacifiCorp’s Naughton Plant and the Kemmerer Mine, behind, are keystone industries supporting the Kemmerer community and a key piece of Lincoln County's tax base. Westmoreland Coal declared bankruptcy last week, while PacifiCorp announced a decision to shutter a generating unit at the plant in April

WYOFILE.COM - 2018-10-16 10:18:52

Global FDI falls 41 percent in H1 2018 after Trump tax reforms - U.N.

GENEVA (Reuters) - Global foreign direct investment (FDI) fell by 41 percent to $470 billion in the first six months of this year, the lowest since 2005, preliminary figures from the United Nations trade and development agency UNCTAD showed on Monday.

REUTERS - 2018-10-15 17:21:23

This Election Season, Republicans’ Deficit Focus Goes the Way of the Vuvuzela

ImagePaul D. Ryan, the retiring House speaker, will leave a legacy absent the signature issues that propelled his entire legislative career.CreditCreditErin Schaff for The New York Times

NEW YORK TIMES - 2018-10-16 00:00:00

Why Trump may be the most honest president ever

Don’t get me wrong, Trump lies all the time. He said he “enacted the biggest tax cuts and reforms in American history” (actually they are the eighth largest) and “our economy is the strongest it’s ever been in the history of our country” (which may one day be true, but not yet). In part, it’s a New

NEW YORK POST - 2018-10-15 11:26:02

House District 58A candidate questionnaire 2018

Republican Rep. Jon Koznick is seeking re-election to a third term in House District 58A in Lakeville. His DFL opponent is Maggie Williams. She did not return Sun Thisweek’s candidate questionnaire.Jon Koznick, Republican, incumbent

HOMETOWNSOURCE.COM - 2018-10-15 19:30:00

Election Guide: Alan LaPolice (D-1st Congressional District)

All economies require three things: an educated workforce, economic infrastructure and a stable tax structure, not one riddled with loopholes and carve-outs that benefit the wealthy. I want to invest more in education, specifically technical training. I want to fix our deteriorating roads, bridges,

KSN.COM - 2018-10-15 16:21:26

The Continuing Criticism Of Trey Hollingsworth - Indianapolis Monthly

When Hollingsworth ran for Indiana’s ninth congressional district seat in 2016, many accused him of having little connection with the Hoosier state. As he runs for reelection this fall, some say that problem has actually gotten worse.

INDIANAPOLISMONTHLY.COM - 2018-10-15 13:26:02

In high-tax Illinois, stark differences on state, local tax deduction caps

A letter from U.S. Rep. Bill Foster, D-Naperville, to which U.S. Reps. John Schimkus, R-Collinsville, and Adam Kinzinger, R-Channahon, Illinois Chamber of Commerce CEO Todd Maisch and NFIB's Mark Grant react

ILNEWS.ORG - 2018-10-15 11:03:00

FACT CHECK: Have More Than 1.8 Million Jobs Been Created Since Tax Reform Became Law?

The Bureau of Labor Statistics reported recently that the economy added134,000 jobsin September, for a total of 1.9 million jobs added from January to September. This is nearly 350,000 more jobs than were gained over the same period last year.

CHECKYOURFACT.COM

Liz Weston: Should you pay off mortgage before you retire?

Mortgage interest is technically tax deductible, but taxpayers must itemize to get the break — and fewer will, now that Congress has nearly doubled the standard deduction. Congress' Joint Committee on Taxation estimates 13.8 million households will benefit from the mortgage interest deduction this y

DAILY AMERICAN ONLINE - 2018-10-15 17:12:23

Will the New Kiddie Tax Rules Save You Money? -- The Motley Fool

Many of the changes that came into effect after the passage of thetax reformlaw in 2018 got a lot of immediate attention. Just a few of the high-profile provisions that policymakers and tax analysts pored through: slashed tax rates for corporations, a larger standard deduction and lower tax rates fo

MOTLEY FOOL

October 2018 Tax Channel

In it's series, “Protect Your Clients; Protect Yourself: Tax Security 101,” the IRS is highlighting security issues for tax pros. While the IRS and it's Security Summit partners are making progress against tax-related identity theft, cybercriminals continue to evolve, and data thefts at tax professi

CPAPRACTICEADVISOR.COM - 2018-10-15 00:00:00

PoliticsPA

On Sunday, Rep. Brian Fitzpatrick (R-Bucks) and Democratic challenger, Scott Wallace participated in their first debate at Shir Ami synagogue in Newtown Township according to theIntelligencer.

POLITICSPA.COM - 2018-10-15 00:00:00

We gave SC governor candidates 10 questions. Here's where they stand on top issues.

Smith: "We must make South Carolina more business-competitive. South Carolina needs comprehensive tax reform, in which we look at all aspects of our tax code at once. My lieutenant governor and I will complete a review of the state sales tax exemptions in order to make the system fair to all partici

THE POST AND COURIER - 2018-10-14 13:00:00