US multinationals underpaid £5.6bn in tax in the UK last year, HM Revenue & Customs believes, according to a national accountancy firm. The suspected deficit is 14% higher than the figure from the previous year, and would mean US companies now make up nearly half of underpaid tax into British coffers from foreign companies. A […]
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Hunter Biden, the president’s son, was indicted Thursday in Los Angeles on several federal tax charges, marking the start of a second criminal case that will proceed during his father’s reelection campaign. Biden, who resides in Malibu, was accused of failing to pay his taxes on time from 2016 to 2019, filing false and fraudulent […]
In a newly unsealed federal indictment, President Joe Biden’s son, Hunter Biden, is charged with nine federal tax crimes for what prosecutors are calling “a four-year scheme to not pay at least $1.4 million” in federal income taxes for the years 2016 through 2019. The details of the indictment, which we learned of first via reporting from […]
Hunter Biden was indicted by the U.S. Department of Justice on Thursday on nine tax-related charges, and the case was assigned to Judge Mark Scarsi, an appointee of former President Donald Trump. In a 56-page document filed in a Los Angeles, California, federal court, President Joe Biden‘s son is accused of failing to pay taxes, […]
Hunter Biden has been indicted on nine tax charges in California , the second indictment against the president’s son, adding fuel to a scandal that Republicans have been seizing on in the lead-up to the 2024 election. The state charges on Thursday follow federal firearms charges in Delaware alleging Hunter Biden unlawfully obtained a revolver […]
Washington — Hunter Biden, President Biden’s son, has been charged with nine federal tax crimes, according to a federal indictment unsealed Thursday in the Central District of California. The indictment charges him with failure to file and pay taxes, evasion of assessment and filing a false or fraudulent tax return. Federal prosecutors allege in the […]
Editor’s Note: This is an updated version of a story that originally ran on April 14, 2023. New York CNN — It’s April 18, the official deadline to file your federal and state income tax returns for 2022. (It is also, apparently, National Animal Crackers Day for those who celebrate.) Whether you have already filed […]
The court took the case in June amid intense scrutiny of some conservative justices’ relationships with billionaires who use their fortunes to advance political agendas focused on lowering taxes and reining in the role of the federal government. But on Tuesday, the justices repeatedly questioned the distinctions a lawyer for the taxpayers, Andrew Grossman, attempted […]
WASHINGTON — The Supreme Court on Tuesday seemed inclined to uphold a tax on foreign income while leaving questions about a broader, never-enacted tax on wealth for another day. On the first issue, conservative and liberal justices voiced concerns that ruling for a Washington state couple challenging a provision of the 2017 tax bill would […]
WASHINGTON — The Supreme Court on Tuesday heard a conservative challenge to Congress’ broad power to tax corporate wealth — a case that could shield wealthy Americans who invest their money overseas. During two hours of argument, most of the justices said they wanted to resolve the tax dispute narrowly without making major changes in the […]
DUBAI, United Arab Emirates — Brazil has taken its green trade row with the European Union to this year’s global climate summit. The Brazilian government has been among the most vocal opponents of the EU’s new carbon border tax on imported goods, describing the measure as “discriminatory” and warning it might hinder rather than help global […]