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Politics

How will the Supreme Court rule in the fight over Donald Trump’s taxes?

SINCE 1976 every American president has willingly made at least some tax information public—and other than Gerald Ford, who released only summaries, all have shared at least one year of their returns with the public. Donald Trump has repeatedly promised to release his, too, but nearly three years into his presidency, the public has seen […]

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Leak Reveals How Mauritius Siphons Tax From Poor Nations to Benefit Elites

Bob Geldof’s firm wanted to buy a chicken farm in Uganda, one of the poorest countries on earth. But first, an errand. After soaring to fame in the 1980s for organizing Live Aid and other anti-famine efforts, the former Boomtown Rats rocker had shifted to the high-powered world of international finance. He founded a U.K.-based […]

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How to tax the rich

The Economist Magazine published this article on how to tax the rich. Good reading.                   DURING HIS lesser-known run for president, which began in 1999, Donald Trump proposed levying a wealth tax on Americans with more than $10m. He may soon find himself campaigning on the other […]

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Three Donald Trump appointees owe IRS back taxes

At least three of President Donald Trump’s political appointees are drawing taxpayer-funded paychecks while owing the Internal Revenue Service tens of thousands of dollars, a Center for Public Integrity review of federal financial disclosures reveals. Trump’s appointment of federal debtors to his administration perpetuates a pattern that’s dogged presidential administrations — including that of President […]

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Trump on track to spend exorbitant amount of taxpayer dollars on travels

Nothing used to rile devoted Barack Obama critics like the president’s winter Hawaiian vacation. A watchdog group once calculated that the Aloha state trips cost taxpayers $3.5m a pop – in airfare, security arrangements, communications and medical staff. Among the harshest critics of Obama’s travel was Donald Trump, then a private citizen. “President Obama’s vacation […]

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Fact-checking Donald Trump’s first presidential address to Congress

Highlights from Donald Trump’s first speech to Congress. Jobs, taxes and business “Since my election, Ford, Fiat Chrysler, General Motors, Sprint, Softbank, Lockheed, Wal Mart, and many others have announced they will invest billions and billions of dollars in the United States and will create tens of thousands of new American jobs.” Some of these […]

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Tax comparisons; rate, number of payments, hours needed to comply

The Globe and Mail “Report On Business” magazine for this month is sitting on my desk. I love this magazine, not only for the articles but also for its style. One item that caught my eye was a very well designed graph on page 11, under the title “The taxman cometh”, which outlines annual corporate […]