USA econovical news

Switzerland Consults On Customs Cooperation With US

The Swiss Federal Council has launched a consultation on a proposed administrative assistance agreement with the US that would promote greater customs cooperation.

Address On Federal Return Creates State Income Tax Problem

People can be unpleasantly surprised when they find themselves hit with income tax by a state in which they were neither working nor living in the year in question. One of the reasons that happens is because of a concept called domicile. In today's mobile world, I think it may be an outdated concept, but you have to contend with Reilly's First Law of Tax Planning - " It is what it is. Deal with it ."

US 2018 Budget Says Tax Reform To Be Deficit-Neutral

The Trump Administration's first full budget reaffirms the tax reform proposals put forward by the President's team last month and indicates that a reform package will be deficit-neutral.

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.

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