tax exemption

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This Is a Different Kind of Protest

German farmers use their tractors to block traffic in protest of proposed cuts to diesel subsidies

(Newser) - Farmers blocked highway access roads and snarled traffic in parts of Germany on Monday with their tractors, launching a week of protests against a government plan to scrap tax breaks on diesel used in agriculture. Chancellor Olaf Scholz's unpopular three-party coalition infuriated farmers last month by drawing up plans...

Santos' Alleged Scheme 'As Dumb as It Gets'
Santos' Alleged Scheme
'As Dumb as It Gets'
OPINION

Santos' Alleged Scheme 'As Dumb as It Gets'

He could've raised funds for personal use with existing loopholes but didn't: David Firestone

(Newser) - Irksome as they may be, there are existing loopholes allowing politicians to raise money for personal expenses, like fancy clothes. But George Santos didn't take advantage of them. Instead, he allegedly chose a route "so flagrant, so spectacularly dumb in both conception and execution" that federal law enforcement,...

In Georgia, an Embryo Is Now a Tax Deduction

State issues guidelines for claiming the deduction, with policy on miscarriages unclear

(Newser) - Taxpayers can now claim an individual income tax dependent exemption of $3,000 on their Georgia returns for an embryo "with a detectable human heartbeat." Guidance from the department of revenue says cardiac activity "may occur as early as six weeks' gestation" in cells that later become...

Trump Slams 'Radical Left' Schools, Adds a Threat

He says he's ordering Treasury Department to review their tax-exempt status

(Newser) - President Trump continued his criticism of US schools Friday as liberally biased and added a threat to remove their tax-exempt status. "Too many Universities and School Systems are about Radical Left Indoctrination, not Education," he tweeted . Trump said he has ordered the Treasury Department to review their tax-exempt...

Let's Consider Taxing Elite Colleges' Huge Endowments

Harvard, Yale, et al. are getting richer while state schools scramble: Slate writer

(Newser) - As the student-loan struggle continues and presidential candidates try to come up with ways to help middle-class and disadvantaged students attend college, there are stockpiles of money that are benefiting the most affluent, unfettered by government taxation: the endowments of elite colleges, Jordan Weissmann writes for Slate . And that's...

NFL Will Finally Pay the Tax Man

Giving up tax-exempt status means it no longer discloses exec compensation

(Newser) - The National Football League has decided to let the tax man come calling after its billions in revenue, reports NBC Sports . The league will voluntarily give up its controversial tax-exempt status, a 501(c)(6) exemption it's held since 1966, which Commissioner Roger Goodell dismissed today as a "distraction,"...

The IRS Was Stupid—but Not Partisan
The IRS Was Stupid—but
Not Partisan
OPINION

The IRS Was Stupid—but Not Partisan

IRS report shows agents were incompetent, but not politically motivated: Pundits

(Newser) - The inspector general's IRS report is out (read it in full at the Washington Post , if 54 pages of dry analysis and liberal use of the underline function sound like your thing), and some pundits say it's not exactly as jaw-droppingly scandalous as it was made out to...

Twitter Wringing $22M From Strapped Frisco

Company threatens to leave San Francisco without payroll tax break

(Newser) - Pity poor Twitter. After recently raising $200 million on a $3.7 billion valuation , it doesn't want to cough up a city payroll tax. So the company is on its way to winning a major tax break from struggling San Francisco after threatening to leave its city digs for the...

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