NEW YORK — The plea deal reached by Donald Trump's former attorney Michael Cohen has laid bare a relationship between the president and the publisher of the National Enquirer that goes well beyond the tabloid's screaming headlines.Besides detailing the tabloid's involvement in payoffs to porn star Stormy Daniels and Playboy Playmate Karen McDougal to keep quiet about alleged affairs with Trump, court papers showed how David Pecker, a longtime friend of the president and head of Enquirer parent company American Media Inc., offered to help Trump stave off negative stories during the 2016 campaign. Court papers say that Pecker "offered to help deal with negative stories about (Trump's) relationships with women by, among other things, assisting the campaign in identifying such stories so they could be purchased and their publication avoided."The accusations threaten Pecker's company, American Media Inc., both legally and in the court of public opinion.The relationship between Trump … [Read more...] about Elizabeth Warren posts 10 years of her tax returns online
Corporation tax pay online
Jamie McGee Nashville Tennessean Published 6:43 p.m. UTC Aug 6, 2018 The Tax Cuts and Jobs Act was celebrated by Republicans last year as a measure that would usher in new economic growth, business expansions, more jobs and wage increases long held back by the high tax rates levied on U.S. businesses. The corporate tax rate dropped to about 21 percent from 35 percent, a significant decrease that saved many Tennessee companies millions — or hundreds of millions of dollars. So where has the money gone? Many companies won't say or are scant on specifics. Several publicly traded companies in Tennessee have issued press releases announcing bonuses or minimum wage increases, but few have offered details on the size and scope of those raises. Meanwhile, privately held companies in Tennessee have been reticent to share any of their spending strategies. "We know what particular companies want us to know about their economic behavior," said Matt … [Read more...] about Where are the corporate tax cut savings going?
U.S. Federal lawmakers questioning Facebook CEO Mark Zuckerberg on Capitol Hill last week about his company’s handling of consumer data, censorship and possible infiltration by Russians were roundly criticized for having little grasp on just how the social media giant operates, not only from a technical, behind-the-scenes perspective, but from that of a casual user. Critics wondered how Congress can hope to regulate something it doesn’t seem to understand. Those with concerns about Congress’s ability to regulate Facebook only need to point to the legislative branch’s failure to tax internet shopping to justify their worries. On Tuesday, the Supreme Court will hear oral arguments in South Dakota v. Wayfair, 26 years after the Court asked Congress to find a solution to the problem of taxing remote sales in the 1992 case Quill Corp. v. North Dakota. Advocates say state budgets and brick and mortar businesses are suffering because Congress never responded … [Read more...] about Think Congress can Regulate Facebook? After 26 Years, It Still Hasn’t Figured Out How To Tax E-Commerce
The Supreme Court is about to take its third whack in a half-century at an issue that’s long divided the business community and government officials — should states have more power to collect sales taxes from out-of-state companies that sell products to their residents? It’s a case that covers core U.S. legal dilemmas, like the reach of the Commerce Clause, and illustrates the increasing influence the internet and technology have on Americans’ everyday lives. But in a twist fit for today’s Washington, one of President Donald Trump’s personal feuds — this one with Amazon and its founder, Jeff Bezos — is also in the mix.Story Continued Below Here’s what you need to know about South Dakota v. Wayfair, on which the Supreme Court will hear arguments on Tuesday. How the case got to the court In short, the Supreme Court is taking this case because Congress has failed to act on online sales tax legislation. The court last ruled in … [Read more...] about A taxing case on the Supreme Court’s docket
DES MOINES — Senate Republicans unveiled a new plan Thursday to cut Iowans’ individual state income taxes by 8 percent across-the-board next year as part of a phased-in overhaul to lower rates, compress brackets and make other changes that would result in about $2 billion in relief over five years.The proposal is more expansive than a House GOP proposal made a day earlier, which does not include corporate tax rate cuts.Sen. Randy Feenstra, R-Hull, said the changes slated to take effect beginning in January under the Senate plan would allow taxpayers to pay $733 million less in state income taxes in the first two years.After that, the plan would create triggers: If Iowa’s economy produces more than 3.6 percent in revenue growth, the excess money would flow into a trust account until it hits $200 million, at which time the money would be used to buy down tax rates, eliminate federal deductibility and begin lowering corporate income taxes in 2021.“I am really … [Read more...] about Iowa Senate unveils ‘bold but prudent’ tax cuts