The U.K. has lowered taxes on draft beers in pubs, in what it's calling its biggest shakeup to alcohol tax in a century. But taxes on other alcoholic beverages are rising, so not everyone is cheering.
A group called Patriotic Millionaires has failed to get Congress to raise their taxes or boost the minimum wage. Now they're taking their concerns about inequality to swing-state voters.
Findings from an internal investigation come after researchers said the IRS was at least three times more likely to audit Black taxpayers than other racial groups.
Skyrocketing rents and home prices have been a major part of voters' economic pain. New spending will go toward building and subsidizing more housing, and helping people avoid homelessness.
The IRS is refunding penalties it charged taxpayers for filing their 2019 and 2020 tax returns late, as a form of COVID-19 relief. The refunds don't apply to penalties for failing to pay your taxes.
In a court filing, the agency says that ads claimed TurboTax was "Free Guaranteed," but many people end up paying for the software to file their taxes. Intuit disputed the allegation.
The Biden administration hopes to help fund its agenda by cracking down on tax evasion, but its plan to require more bank information is drawing strong opposition from GOP lawmakers and banks.
Even though COVID-19 deaths are spiking and the country is climbing out of a deep economic downturn, the president has proposed new taxes. Colombians are defying restrictions by protesting.