tax

It’s doubtful Benjamin Franklin knew he was forever linking the IRS to the U.S. Constitution when he said, in a letter to Jean-Baptiste Le Roy in 1789, “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be...

The Biden administration submitted documents showing that the United States expects to receive a hefty capital injection thanks to the application of new crypto tax reporting rules, starting in the 2023 fiscal year. What Happened: On Monday, President Joe Biden submitted his budget...

According to a recent White House document, President Joe Biden will propose a minimum tax on billionaires.  Biden is expected to unveil the proposal in the fiscal 2023 budget, which is likely to take place on Monday.  The proposed "Billionaire Minimum Income Tax" would set a...

Thailand has reportedly scrapped plans to impose a 15% withholding tax on crypto transactions following a surge in cryptocurrency trading. The proposal, which was presented earlier this year, triggered a lot of opposition, but it appears that some sort of crypto tax will still be implemented....

Sen. Elizabeth Warren is proposing a wealth tax that would add a new tax on everyone with a net worth of more than $50 million, but she might face one major hurdle: "it probably is not legal," billionaire investor Leon Cooperman said on CNBC's "Squawk Box." What Happened:...

TurboTax and QuickBooks parent company Intuit Inc. (NASDAQ: INTU) reported fiscal first-quarter results highlighted by a 14% revenue growth. Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts RBC Capital Markets analyst Alex Zukin maintains an...

The office of the U.S. Trade Representative on Monday proposed to impose up to 100% additional duties on certain French imports worth $2.4 billion. What Happened The federal agency said that its investigation found France’s Digital Services Tax to be “burdensome” for the...

Morgan Stanley's bearish stance on Intuit Inc. (NASDAQ: INTU), which dates to September 2016, is no longer justifiable ahead of multiple catalysts that should result in more durable revenue growth, in the sell-side firm's view.  The Analyst Analyst Keith Weiss upgraded Intuit from...

Shares of H&R Block Inc (NYSE: HRB) tumbled more than 7 percent Wednesday as investors weren't satisfied with the company's fiscal first-quarter earnings report, which prompted some analysts to reiterate a Sell rating on the stock. BTIG's Mark Palmer maintains a Sell rating with an...

Intuit Inc. (NASDAQ: INTU)'s "clean" earnings beat in its fourth-quarter results reaffirmed the bullish case for owning the stock, analysts at Deutsche Bank commented in a research report. Analyst Nandan Amladi maintains a Buy rating on Intuit's stock with an unchanged $150 price...

Facebook Inc (NASDAQ: FB) is the latest big-name tech company to answer questions regarding its tax bill. This week, the U.S. Justice Department filed a petition to force Facebook to comply with an investigation into property the company transferred to an Ireland subsidiary for tax purposes back in...

Robert Green is a certified public accountant and the founder of Green NFH, LCC, a tax and accounting firm focused on traders, investors and investment management businesses. Green recently joined Benzinga’s #PreMarket Prep to talk about ways that traders can save thousands of dollars a...

On Tuesday the House Ways and Means Committee sent a package of bills to the House floor, that would cost American taxpayers hundreds of billions of dollars over the next ten years by making permanent tax provisions multinational corporations use to avoid U.S. tax. “For all of the talk in...