Today, the House passed the Keep the IRS Off Your Health Care Act of 2013. The purpose of the bill, H.R. 2009, as introduced by Rep. Tom Price (R-GA), is simple: to prohibit the Secretary of the Treasury from enforcing the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010.
Read MoreDid One Man’s Greed Drive Detroit Into Bankruptcy?
Detroit became the largest city in the United States to declare bankruptcy. Was it bad luck, bad management or something more? The story of Kwame Kilpatrick’s fall from political grace might offer some insight.
Read MoreItaly’s High Court Agrees That Berlusconi Should Go To Prison – But He Likely Won’t
Former Italian Prime Minister Silvio Berlusconi, who still enjoys a great deal of popularity among Italians, found out today that his prison sentence on tax fraud charges was upheld by the country’s highest court. His ban on public office remains in question. And Berlusconi awaits the outcomes of at least two other trials. So what’s next?
Read MoreObama Nominates Former Head Of Freddie Mac To Head Up IRS
President Obama has nominated John Koskinen to take over as Commissioner of the Internal Revenue Service.
Read MoreCongress To Consider ‘Keep The IRS Off Your Health Care Act Of 2013’ This Week
Rep. Tom Price (R-GA) has introduced H.R. 2009, referred to as the Keep the IRS Off Your Health Care Act of 2013 to prohibit the Secretary of the Treasury from enforcing the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010. The bill would bar IRS from enforcing the health care act as a result of the most recent tax exempt organization scandal.
Read MoreWere “Real Housewives” Stars Targeted For Prosecution Because Of Their Celebrity?
Attorney Henry Klingeman claims that “Real Housewives of New Jersey” stars Teresa Giudice and Giuseppe “Joe” Giudice are being prosecuted because of their celebrity. Is he right?
Read MoreBaucus & Camp Talk Reform As Tax Road Show Rolls On
Senate Finance Committee Chairman Max Baucus (D-MT) and House Ways and Means Committee Chairman Dave Camp (R-MI) made a stop in Philadelphia as part of their bipartisan roadshow for tax reform. Small business owners talked tax and business – and no surprise, simplification and certainty topped their wish list.
Read More‘Real Housewives’ Stars Indicted On Bankruptcy, Fraud, And Tax Charges
Two of the stars of the Bravo television show “The Real Housewives of New Jersey” were charged today in a conspiracy to defraud lenders as well as allegedly hiding assets and income during a bankruptcy case. Teresa and Giuseppe Giudice were charged with 39 counts of various fraud charges; Giuseppe has been charged with tax evasion, as well.
Read MoreBolt Strikes At Diamond League Games, Says UK Races Hinge On Tax Laws
Usain Bolt said he wouldn’t race in the U.K. after the Olympics unless they changed their tax laws… and they did, extending the laws in place for the Olympics for the Diamond Games. But is this a trend?
Read MoreDolce & Gabbana Say Tax Woes May Force Them To Close
A month after Dolce & Gabbana was found guilty on tax charges, the pair is fighting back. After closing their stores for three days in protest, the designers are making noise about shutting down for good.
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