Fact-Check: Can Billionaires Get Tax Deductions on Private Jets
“Teachers can only deduct up to $250 for school supplies on their taxes, but billionaires can write off entire cost of a private jet.” - M. D’Arrigo
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This Week in Tax: Channel Islands Issue Warning Over Russia Sanctions
Russia facing several economic sanctions for invasion of Ukraine. UK sanctions depend on action in low-tax jurisdictions to restrict Russian capital.
UBS Says $1.2 Billion Charges ‘Best Estimate’ of French Tax Fine
UBS has been fighting a seven-year battle with French authorities who allege the bank illegally laundered funds.
Menendez Goes After Sanders Over SALT Comments
Sen Menendez criticized Sen Sanders on Wed. for saying he was "glad to hear" a Democratic proposal to raise the cap on (SALT) not in play anymore.
Tax on America’s Wealthiest Households Could Erase Half of Country’s Out-of-Pocket Health Costs, Report Finds
Half of Americans delay or skip medical care because of growing costs.
Main Street Coalition Steps Up Fight on Biden Spending and Taxes
A Main Street coalition is broadening its effort to stop liberal efforts to piecemeal out parts of the president’s $2 trillion plan.
Congress Asks IRS to Stop Fines for Taxpayers Caught in Backlog
The Internal Revenue Service is under pressure from a large group of lawmakers to stop penalties and pause automated collections.
