New Jersey Gov. Phil Murphy and legislative leaders have once again hashed out a budget behind closed doors just in time to avert a government shutdown — leaving little time for lawmakers to review more than $56 billion in spending.Among the key provisions: The state will be investing more than expected in a program slated … Read more
Shareholders at three of the world’s largest oil companies recently turned down tax transparency proposals from an activist investor. At Chevron, a proposal to publicly report the company’s earnings and tax bills in every country where it operates was defeated on May 29; 85% of votes were against the proposal. The shareholders followed recommendations from … Read more
In Moore v. United States, the U.S. Supreme Court rejected a constitutional challenge to the Mandatory Repatriation Tax (MRT), holding that the MRT does tax income — the realized earnings of foreign corporations — and thus is a constitutionally permissible income tax authorized by the Sixteenth Amendment. The MRT is a “one-time, backward-looking” tax in … Read more
Joins Fox Business to Announce Introduction of Bill to Stop Taxing Tips, Slam Biden’s Border Crisis U.S. Senator Steve Daines today joined Fox Business’ Mornings with Maria to discuss his bill to eliminate taxes on tips and President Biden’s border crisis. Watch the interview HERE. Daines on His Bill to Stop Taxing Tips: It’s a stroke of genius … Read more
Oregon Initiative Petition 17 (IP17), also known as the People’s Rebate, appears on track to qualify for the November 2024 ballot. As of June 14, the measure’s proponents have submitted over 135,000 signatures, well above the 117,173 needed to qualify. If passed, IP17 would significantly increase Oregon’s Corporate Minimum Tax for corporations with annual Oregon … Read more
France appears more divided than ever after the European election results, which saw Marine Le Pen’s National Rally secure the top spot, relegating Emmanuel Macron’s party to third place. This outcome forced the French president to call for early elections. The discontent with Macron is evident. Despite giving a vote of confidence to Marine Le … Read more
Since Sunday evening, we have all been reading a great deal about the electoral success of a young man who managed to secure one of the six seats in the European Parliament. Some have described it as a punishment for the political system, while others have called it a form of ‘revolution’ by the electorate. … Read more
All the traditional political parties came out bruised from EU parliamentary elections on Sunday, while Cyprus echoed the EU generally by electing far-right nationalists Elam to a seat at the table in Strasbourg. Cyprus, following trends of recent parliamentary elections in the country and those in Europe in general, gave one of the six seats … Read more
(Bloomberg) — New York lawmakers are scrambling to come up with a funding source to help plug a $1 billion-a-year hole created by Governor Kathy Hochul’s surprise decision Wednesday to halt a congestion pricing plan that would have funded vital transit infrastructure improvements.Lawmakers late Thursday scrapped a last-ditch plan to raise taxes on New York … Read more
Voting started at 7am across Cyprus on Sunday, with 698,896 registered voters eligible for the election of six MEPs and local authority posts.Chief returning officer Elikkos Elia confirmed the timely opening of all 1,847 polling stations in the Republic, along with ten stations in Greece. Additional polling stations in Belgium and the UK opened later, … Read more