Donald Trump’s choice of Senator JD Vance as his running mate for the 2024 presidential election has been branded as a “masterstroke” by the CEO of a leading independent financial advisory and fintech for his pro-cryptocurrency approach. Trump selected the Ohio senator, ending months of speculation about the Republican nominee’s choice to help him challenge … Read more
Pictured: Teva’s site in Canada/iStock, JHVEPhoto Teva Pharmaceuticals on Tuesday announced that it has agreed to pay $750 million to put an end to what it calls a “historical income tax issue” in Israel. Under an agreement with the Israel Tax Authority, Teva will make its settlement payment in yearly installments, from 2024 to 2029. … Read more
Last summer, I wrote two columns about a peculiar tax case that the Supreme Court decided to hear. Although the amount of tax involved in the case was less than $15,000, ruling in the taxpayer’s favor could have fundamentally gutted the Internal Revenue Code. A major part of the 2017 Tax Cuts and Jobs Act … 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
Key Takeaways The Supreme Court upheld the constitutionality of the so-called mandatory repatriation tax (MRT) in a narrow ruling, stating that the MRT taxes realized income and attributes that corporate income to shareholders. A team of BakerHostetler attorneys, led by Partners Andrew Grossman and Jeffrey Paravano, represented Charles and Kathleen Moore at the U.S. Supreme … Read more
Michael Welu worked at the IRS for decades as a specialist in helping agents identify and investigate possible tax crimes. In an agency known for offices working in their own silos, Welu had the rare ability to move between divisions, dissecting and learning each office’s particular customs and procedures. But that experience had its own … Read more
THE BIGGEST news story over last few days has been that it was very hot. As if anyone in Kyproulla had not felt the scorching heat and had to be informed about it by continuous reports and updates from the media.OK, it was the highest ever temperature recorded in early June, but what more is … Read more
Nikos Michaloliakos, former leader of Golden Dawn, will return to prison after the Court of Appeals nullified a previous ruling that had allowed his release. He was convicted of leading a criminal organization and will continue to serve his 13-year and 6-month sentence. The decision came after judges accepted the prosecutor’s recommendation, citing Michaloliakos’ continued glorification of illegal Nazi-type practices despite his conviction as a reason for his return to prison.
Donald Trump was found guilty of 34 counts related to falsifying documents to hide hush money payments to a porn star.
Donald Trump was found guilty of falsifying business records and plans to appeal the verdict after his sentencing on July 11. The charge carries a maximum sentence of four years in prison, but Trump’s public criticism during the trial could lead to a tougher penalty. Despite the conviction, Trump is still running for president in the 2024 election and faces three other criminal prosecutions. The guilty verdict prompted him to intensify deliberations on selecting a woman as his vice presidential running mate. National opinion polls show a tight race between Trump and Joe Biden, with some Republican voters expressing continued support for Trump while others are considering voting for Democrats. The verdict led to an increase in campaign donations for Trump, and some major Republican donors plan to continue supporting his campaign. The jury found Trump guilty of falsifying business documents based on explicit testimony from Stormy Daniels and Michael Cohen. If elected, Trump could potentially shut down federal cases against him related to overturning the 2020 election loss and mishandling classified documents.