Auditor

IRS unveils plan to close tax loophole for pass-through businesses

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IRS unveils plan to close tax loophole for pass-through businesses

IRS Commissioner Danny Werfel testifies before the House Appropriations Committee in Washington, D.C., on May 7, 2024. Kevin Dietsch | Getty Images The U.S. Department of the Treasury and the IRS on Monday unveiled a plan to “close a major tax loophole” used by large, complex partnerships, which could raise more than an estimated $50 … Read more

Conservatives eye subpoena threat for firm in ArriveCan controversy – National

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Conservatives eye subpoena threat for firm in ArriveCan controversy – National

The Conservatives want to issue another formal summons for the owners of GC Strategies to appear before the government operations committee probing the ArriveCan controversy. If they don’t appear, Conservatives want to see the Sergeant at Arms of the House of Commons take them into custody and compel their appearance. “It is very rare. And … Read more