USA econovical news

Americans For Tax Reform Backs Simple Tax Form For Seniors

Americans for Tax Reform (ATR) has urged all members of Congress to support a bill aimed at simplifying tax filing for American seniors.

Tax Foundation To Campaign Against Retroactive US Tax Law Changes

The Tax Foundation has spoken out against the United States Supreme Court's decision to refuse to hear challenges against a state-level tax law change imposed retroactively.

IRS Seeks Taxpayer Input For 2017-18 Priority Guidance Plan

The Internal Revenue Service (IRS) and the Treasury are seeking feedback on what guidance should be prioritized to clarify parts of the tax code and explain policies.

Canada Considering Response To US Lumber Tariffs

Canadian Prime Minister Justin Trudeau has said his Government is considering British Columbia's request for a ban on the shipment of US thermal coal through the province's ports, in response to US trade duties.

US Backs UK Free Trade Talks

The US will seek to negotiate a free trade agreement with the UK as soon as possible after it exits the European Union, US House of Representatives Speaker Paul Ryan said.

Fed's Kaplan says balance sheet plans won't shift rate hike path

Dallas Federal Reserve Bank President Robert Kaplan on Wednesday joined many of his colleagues in saying that the U.S. central bank could start shrinking its $4.5 trillion balance sheet later this year, even as it raises rates "gradually and patiently."

Stop Tax Haven Abuse Act Reintroduced In US Congress

On April 5, 2017, US Representative Lloyd Doggett (D - TX), a senior member of the House Ways and Means Committee, and Senator Sheldon Whitehouse (D - RI), a member of the Senate Budget Committee, introduced legislation to tackle multinational tax avoidance.

Australian Miners Seeking New Free Trade Deals

The Minerals Council of Australia (MCA) has called on the Government to pursue further trade liberalization through bilateral and regional trading agreements.

IRS To Provide Expedited Audit Mediation For Small Businesses

The Internal Revenue Service (IRS) has released a new revenue procedure that creates a fast-tracked method for small businesses and self employed persons to engage with the IRS to resolve disputes.

German Manufacturers Unconcerned At US Border Taxes

Most German manufacturers exporting to the United States will not shift production to the US as a result of the imposition of new border taxes, according to a survey by the Ifo Institute.

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