(Photo Credit: Tulin, CC 2.0) Last week, the President of the United States stood in the White House Rose Garden and said, “I'm the most transparent President probably in the history of this country.” While every day seems to bring a new, staggeringly dishonest rhetorical strategy from the Trump Administration, this statement qualified as … [Read more...]
Severe Budget Cuts, Demonization Dramatically Weaken IRS
In 2001, the conservative anti-tax activist Grover Norquist said, “I don't want to abolish government. I simply want to reduce it to the size where I can drag it to the bathroom and drown it in the bathtub.” It wasn't an idle boast. Conservative Republicans – and these days, there are very few Republicans who aren't conservative – have spent … [Read more...]
Court Allows Blue States to Intervene in ACA Lawsuit
A group of 17 state attorneys general, led by California AG Xavier Becerra, will be able to intervene in a lawsuit against Obamacare, thanks to a federal judge’s order granting their request. The lawsuit, filed in February by 20 Republican States, will technically target the Trump Administration, who will probably not put up a fight in the legal … [Read more...]
Legal Battle Shaping Up Surrounding IRS Inversion Rules
The practice of companies moving their corporate headquarters offshore in a bid to reduce their U.S. tax liabilities has been much discussed in political campaigns and the press lately. Companies believe that the maneuver should not result in any additional US tax burdens. But the IRS disagrees, and has put in place various tax regulations to … [Read more...]
