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Top bloombergtax.com News
US & Canada · WashingtonThe IRS has given six years of former President Donald Trump’s federal income tax returns to the House Ways and Means Committee, a week after the Supreme Court rejected his effort to block the Democratic-controlled panel from getting those records.
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IRS gives Trump tax returns to House committee after 3-year legal battle
56% Center coverage: 108 sources
Business · New YorkDistressed crypto firm BlockFi has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey following the implosion of putative acquirer FTX.
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Crypto firm BlockFi files for bankruptcy as FTX fallout spreads
48% Center coverage: 88 sources
Business · WashingtonU.S. trade officials on Friday said they had determined that solar energy imports produced in four Southeast Asian countries were circumventing duties on goods made in China. The decision, released in Commerce Department documents, follows an eight month investigation that was requested by a U.S. solar panel maker, Auxin Solar. See the Story
Chinese Solar Manufacturers Dodged U.S. Tariffs, Probe Finds
42% Center coverage: 14 sources
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Stock MarketsCore Scientific, one of the world's largest bitcoin miners, saw its stock crater over 75% to new all-time lows in Thursday afternoon trading. The Austin, Texas-based miner said it won't pay equipment-related debt obligations that are coming due in late October and early November. The recent market downturn has driven a raft of crypto-related firms to seek bankruptcy protection.See the Story
Bitcoin Miner Core Scientific's Shares Plummet After Bankruptcy Warning
75% Center coverage: 4 sources
White House · WashingtonDanny Werfel is a public and private sector leader who has served under both Democratic and Republican administrations, the White House said in a statement. The IRS is mulling a strategy to use $80 billion in new funding allocated to the agency in the Inflation Reduction Act to increase revenue. The decision that needs to be approved by Congress.See the Story
Biden to nominate Daniel Werfel to head up IRS
41% Center coverage: 22 sources
BusinessThe Securities and Exchange Commission (SEC) is examining whether the platform is following securities laws. The probe began a number of months ago, a source said. The Commodity Futures Trading Commission (CFTC) is also probing the issue. FTX.com did not immediately respond to Reuters' requests for comment.See the Story
U.S. regulator probes FTX over handling of client funds
50% Right coverage: 4 sources
Business · SacramentoCalifornia’s wealthiest residents won’t see a tax increase after voters rejected a measure Tuesday that would have boosted rates on incomes above $2 million to help put more electric cars on the roads.See the Story
California voters reject tax on rich for more electric cars
59% Center coverage: 22 sources
Europe · LondonBritish Prime Minister Rishi Sunak is considering expanding the top rate of income tax next week after the Treasury warned that more money was needed to protect pensions and benefits, The Telegraph reported on Tuesday.See the Story
UK PM Sunak mulls raising top rate of income tax -The Telegraph
Coverage: 4 sources
Joe BidenSome states tax forgiven debt as income, which means borrowers who are still paying down student loans could owe taxes on as much as $10,000 or even $20,000 that was taken off their bill. In Mississippi, Minnesota, Wisconsin, Arkansas and North Carolina, forgiven student loans will be subject to state income taxes unless they change their laws.See the Story
Some states might tax Biden's student loan debt relief
34% Center coverage: 3 sources
Business · WashingtonWhite House officials are quietly preparing for the potential departure of US Treasury Secretary Janet Yellen after the midterms. Process is in early stages and a decision on Yellen, or any cabinet replacement, has not been made. Outcome of November’s election, including who controls the Senate, will factor into whether she stays.See the Story
Janet Yellen May Leave After Midterms
67% Center coverage: 9 sources
TaxesColorado tax payments are accepted through the PayPal Cryptocurrency Hub with services fees of $1.00 plus 1.83% of the payment amount. Payments will be effective on the day they are initiated, although it will take 3-5 days for the transfer to take place. Payments are immediately converted into fiat.See the Story
Colorado is now accepting tax payments in cryptocurrency, as Gov. Polis promised By Cointelegraph
67% Center coverage: 3 sources
