Industry News

NY lawmakers: release state tax returns of president - Washington Times

Tue, 04/25/2017 - 22:26

NY lawmakers: release state tax returns of president
Washington Times
ALBANY, N.Y. (AP) - Two Democrats in the New York state legislature say the state should be required to release the state tax returns of any president who hails from New York state. The measure does not mention President Donald Trump by name, but it ...

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Trump's Tax Plan: Low Rate for Corporations, and for Companies Like His - New York Times

Tue, 04/25/2017 - 19:03

New York Times

Trump's Tax Plan: Low Rate for Corporations, and for Companies Like His
New York Times
President Trump plans to unveil a tax cut blueprint on Wednesday that would apply a vastly reduced, 15 percent business tax rate not only to corporations but also to companies that now pay taxes through the personal income tax code — from mom-and-pop ...
Trump to propose massive tax cuts for businessesNew York Daily News
Does Trump Actually Think Democrats Will Vote for His Tax Cuts?New York Magazine
Trump wants a 15% corporate tax rate (and he wants it now)The Real Deal Magazine
Wall Street Journal
all 242 news articles »

Arthur Laffer's Theory on Tax Cuts Comes to Life Once More - New York Times

Tue, 04/25/2017 - 18:29

New York Times

Arthur Laffer's Theory on Tax Cuts Comes to Life Once More
New York Times
On it, the economist Arthur Laffer in 1974 sketched a curve meant to illustrate his theory that cutting taxes would spur enough economic growth to generate new tax revenue. More than 40 years after those scribblings, President Trump is reviving the so ...

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NY To Pay $44.4M To Truckers Over Highway Use Tax - Law360 (subscription)

Tue, 04/25/2017 - 17:29

NY To Pay $44.4M To Truckers Over Highway Use Tax
Law360 (subscription)
Law360, New York (April 25, 2017, 7:23 PM EDT) -- The New York Department of Taxation and Finance has agreed to pay $44.4 million to settle class action claims that it established an unconstitutional highway use tax that discriminated against out-of ...

Trump's tax reform means trouble for tri-state tax-hikers - New York Post

Tue, 04/25/2017 - 17:16

New York Post

Trump's tax reform means trouble for tri-state tax-hikers
New York Post
If you live in tax hell — New York, New Jersey, Connecticut, California or Illinois — paying your state and local taxes could soon be even more painful. Congressional Republicans and President Trump have plans to lower federal tax rates for almost ...

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Pols sue NYC's property tax system for being racially biased - New York Daily News

Tue, 04/25/2017 - 16:45

New York Daily News

Pols sue NYC's property tax system for being racially biased
New York Daily News
Tax Equity Now NY filed suit in Manhattan Supreme Court backed up by mountains of data collected by former city finance commissioner Martha Stark mapping out a disparity that hurts certain homeowners and renters. “Despite decades of criticism and ...

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'Amazon tax' rejected at NY Capitol - Pressconnects - Press & Sun-Bulletin

Tue, 04/25/2017 - 14:22

Press & Sun-Bulletin

'Amazon tax' rejected at NY Capitol - Pressconnects
Press & Sun-Bulletin
ALBANY -- A bid to force major online marketplaces like Amazon to collect sales tax on more purchases appears to be dead at the state Capitol, at least for the ...

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'Amazon tax' blocked at NY Capitol - The Journal News | LoHud.com

Tue, 04/25/2017 - 14:17

The Journal News | LoHud.com

'Amazon tax' blocked at NY Capitol
The Journal News | LoHud.com
ALBANY -- A bid to force major online marketplaces like Amazon to collect sales tax on more purchases appears to be dead at the state Capitol, at least for the next year. Gov. Andrew Cuomo's original state budget proposal would have forced those with ...

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Trump Is Said to Abandon Contentious Border Tax on Imports - New York Times

Tue, 04/25/2017 - 14:11

New York Times

Trump Is Said to Abandon Contentious Border Tax on Imports
New York Times
Credit Al Drago/The New York Times. WASHINGTON — The Trump administration has dropped any support for a so-called border adjustment tax on imports, according to two people who have been briefed on the matter. The tax was intended to be the ...
The Latest: Official estimate could upend Trump tax planNew York Daily News
Trump wants a 15% corporate tax rate (and he wants it now)The Real Deal Magazine
Trump Wants Tax Plan to Cut Corporate Rate to 15%Wall Street Journal

all 213 news articles »

Trump Rides a Market Wave, but Business Looks for Results - New York Times

Tue, 04/25/2017 - 13:25

New York Times

Trump Rides a Market Wave, but Business Looks for Results
New York Times
Traders at the New York Stock Exchange on Monday after a day of gains. Many in business are concerned about the trade-offs a 15 percent corporate tax rate could entail. Credit Justin Lane/European Pressphoto Agency. The investor enthusiasm that began ...

Markets Rise on Tax Overhaul Optimism - New York Times

Tue, 04/25/2017 - 09:28

New York Times

Markets Rise on Tax Overhaul Optimism
New York Times
Stock markets in the United States rose Tuesday morning, buoyed by optimism over far-reaching tax changes that President Trump's administration is expected to propose in the coming days. The Nasdaq composite index rose above 6,000 for the first time, ...

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Morning Agenda: The Trump Tax Cut - New York Times

Tue, 04/25/2017 - 04:01

New York Times

Morning Agenda: The Trump Tax Cut
New York Times
President Trump at the Treasury Department in Washington this month. Credit Gabriella Demczuk for The New York Times. President Trump wants a corporate tax rate of 15 percent, even if it affects his promise to curb deficits, according to people with ...

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Parsing Trump's Promised Tax Plan, From Rates to Deficits - New York Times

Tue, 04/25/2017 - 03:00

New York Times

Parsing Trump's Promised Tax Plan, From Rates to Deficits
New York Times
Credit Gabriella Demczuk for The New York Times. President Trump stunned members of Congress, and his own Treasury Department, when he said last week that he would unveil a plan on Wednesday to deliver “maybe the biggest tax cut we've ever had.”.
Trump tax push raises questions about scope of his 'reform'Reuters
Trump wants a 15% corporate tax rate (and he wants it now)The Real Deal Magazine
Trump Wants Tax Plan to Cut Corporate Rate to 15%Wall Street Journal

all 68 news articles »

Numbers show NYC's broken property tax system is bias - New York Daily News

Mon, 04/24/2017 - 20:33

New York Daily News

Numbers show NYC's broken property tax system is bias
New York Daily News
For years, political leaders and independent analysts have decried New York City's property tax system as unfair, antiquated and outdated. They've acknowledged that it imposes unequal tax bills on property owners that bear little relationship to actual ...

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De Blasio claims unfair tax system too complex to fix quickly - New York Daily News

Mon, 04/24/2017 - 20:16

New York Daily News

De Blasio claims unfair tax system too complex to fix quickly
New York Daily News
A coalition of civil justice and real estate interests called Tax Equity Now NY will file suit Tuesday charging that the system is racially biased and favors the affluent over working- and middle-class homeowners. After dodging questions on the suit ...
Mayor Responds To Criticism Over Property Taxes, Homeless SheltersBKLYNER
New York City Will Offer Free Preschool for All 3-Year-OldsNew York Times

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Trump Is Said to Seek Cutting Corporate Tax Rate to 15 Percent - New York Times

Mon, 04/24/2017 - 19:19

New York Times

Trump Is Said to Seek Cutting Corporate Tax Rate to 15 Percent
New York Times
President Trump at the Treasury Department on Friday. Lowering the corporate tax rate from 35 percent was one of his marquee campaign promises. Credit Gabriella Demczuk for The New York Times. WASHINGTON — President Trump has instructed his ...
Trump wants to slash taxes on businessesNew York Post
Trump's tax plan could face a budget deficit challengeNew York Daily News
Why Republicans Will Pass Trump's Yuge Tax Cuts for the RichNew York Magazine
Utica Observer Dispatch -The Real Deal Magazine -RealClearPolitics -New York Times
all 780 news articles »

Trump wants to slash taxes on businesses - New York Post

Mon, 04/24/2017 - 13:36

New York Post

Trump wants to slash taxes on businesses
New York Post
President Trump ordered his White House aides to speed up efforts to craft a tax reform plan that would cut the corporate rate to 15 percent and slash personal rates as well, a new report said Monday. Team Trump wants his the tax plan to focus more on ...
Trump's Industry, Real Estate, Poses Hurdle to Tax OverhaulNew York Times
Trump Wants to Slash Corporate Tax Rates, Deficit Be DamnedNew York Magazine
US Treasury secretary: Tax cuts won't raise budget deficitNew York Daily News
Utica Observer Dispatch -The Real Deal Magazine -RealClearPolitics -New York Times
all 748 news articles »

APNewsBreak: Dodgers, Yankees cut projected luxury tax bills - New York Daily News

Mon, 04/24/2017 - 00:19

APNewsBreak: Dodgers, Yankees cut projected luxury tax bills
New York Daily News
FILE- In this Feb. 21, 2017, file photo, Major League Baseball Commissioner Rob Manfred answers questions at a news conference in Phoenix. The Los Angeles Dodgers and New York Yankees are cutting payroll and their luxury tax bills, just as Bryce ...

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Mayor de Blasio refuses to discuss property tax policy that benefits rich people like him - New York Daily News

Sun, 04/23/2017 - 21:17

New York Daily News

Mayor de Blasio refuses to discuss property tax policy that benefits rich people like him
New York Daily News
Often, the brunt falls most heavily on black or Hispanic property owners. A coalition called Tax Equity Now NY is filing a class-action suit this week charging that the DNA of the city's property tax system is racially biased and favors the affluent ...

Don't Blame the Russians, Tax Judge Tells Sotheby's Expert - New York Times

Sun, 04/23/2017 - 14:53

New York Times

Don't Blame the Russians, Tax Judge Tells Sotheby's Expert
New York Times
In February, Judge Joseph H. Gale ruled instead that the expert had most likely placed a “lowball” estimate on that painting and a second work so as to “curry favor” with the owner, an estate facing a potentially large tax bill, and thus win the ...

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