The Senate confirmed wealthy financier Howard Lutnick as commerce secretary Tuesday, putting in place a staunch supporter of President Trump’s hardline trade policies. At the Commerce Department, Lutnick, who was CEO at the investment firm Cantor Fitzgerald, will oversee 50,000 employees who do everything from collecting economic statistics to running the census to issuing weather…
WASHINGTON (AP) — Elon Musk’s Department of Government Efficiency is seeking access to troves of sensitive taxpayer data at the IRS, two people familiar with the inner workings of the plan who were not authorized to discuss the matter publicly told The Associated Press on Monday. If successful, Musk and his group would have access…
IRS warns against taking tax advice from social media – CBS News Watch CBS News While social media is a great place for DIY tips and new recipes, the IRS is cautioning taxpayers against using it for tax advice. Misinformation could end up costing you more than you bargained for. CBS News Philadelphia’s Josh Sidorowicz…
LONDON (AP) — Ever since Winston Churchill coined the phrase in the wake of World War II, politicians have extolled the “special relationship” between the United States and Britain. Under President Donald Trump’s second administration, Britain will settle for a merely functional relationship with its former colony turned most important ally. As Trump threatens to…
President Trump is proposing to eliminate a tax loophole that’s also a long-time target of some Democratic lawmakers. Mr. Trump is working on “no tax on seniors’ Social Security, no tax on overtime pay” as well as renewing the tax cuts in the 2017 Tax Cuts and Jobs Act, White House press secretary Karoline Leavitt…
Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. For the past century, Delaware has been a corporate oasis. It’s not the Cayman Islands or Switzerland—a pure tax haven or hub of utmost bank secrecy—but simply a reliable place to do business. In…
US President Donald Trump has rattled economies and markets with his promise of imposing punitive tariffs on the nation’s largest trade partners. So far he’s implemented 10% levies on China; delayed plans to hit Mexico and Canada with a 25% duty tax; and indicated that he’s coming for the European Union next. Yet beyond all…
WASHINGTON (AP) — U.S. President Donald Trump held off Monday on his tariff threats against Mexico for one month of further negotiations after Mexican President Claudia Sheinbaum agreed to send 10,000 members of her country’s national guard to the border to address drug trafficking. Trump’s tariffs against Canada and China were still slated to go…
ATLANTA (AP) — President Donald Trump has taken executive action to impose new tariffs on imports from Canada, China and Mexico. The move fulfills campaign promises but also sparked retaliatory moves that could signal an extended trade war with key trading partners and, in the case of Mexico and Canada, the closest U.S. neighbors and…
President Donald Trump signed an order to put tariffs on U.S. neighbors Canada and Mexico, as well as China, starting Tuesday. Canada and Mexico quickly announced retaliatory tariffs, while China said it would take “necessary countermeasures.” The business between the North American nations now exceeds China, totaling $1.8 trillion in 2023. That is far greater…