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Walters: Newsom shuns tax increases yet budget levies billions on businesses
San Jose Mercury News· 6 hours agoWhen Gov. Gavin Newsom unveiled a much-revised 2024-25 state budget this month, he became visibly...
Russia Raises Income Tax on Rich to Pay for Ukraine War
The Wall Street Journal· 6 hours agoAfter the war began, Russia introduced a windfall tax on excess company profits. “This is definitely...
Illinois House Approves Sports Betting Tax Hike
Covers.com· 9 hours agoThe bill now needs approval from Gov. J.B. Pritzker, who initially sought a general increase in the tax for Illinois sports betting to 35% from its...
JD Supra: Recently Issued IRS Littlejohn Victim Notices May Present Challenges for Taxpayers
JD Supra· 1 hour agoAs required by law, the Internal Revenue Service (IRS) has begun issuing notification letters to victims of a former IRS contractor who illegally accessed and stole the < ...
South City shares countywide structural deficit concerns
San Mateo Daily Journal· 7 hours agoMirroring countywide trends, South San Francisco is contemplating business tax changes to narrow...
Appeals court rules against city on earnings tax lawsuit - St. Louis Business Journal
The Business Journals· 1 day agoA state appeals court on Tuesday ruled against the city of St. Louis in the earnings tax lawsuit,...
Illinois Sports Betting Tax Hike Sends DraftKings Shares Tumbling By Quiver Quantitative
Investing.com· 1 day agoDraftKings (NASDAQ:DKNG) (DKNG) and FanDuel-owner Flutter Entertainment (LON:FLTRF) fell on Tuesday...
Illinois House passes $53.1B with tax changes, migrant funding and more
NBC Chicago· 5 hours agoThe Illinois House passed a $53.1 billion state budget early Wednesday morning, approving a plan...
Sportsbooks Would ‘Reevaluate’ Illinois Presence If Tax is Hiked
Covers.com· 2 days agoIllinois currently taxes online operators 15% of their revenue. Starting on July 1, for example, operators would fork over 20% of their adjusted gross sports wagering receipts ...
AG Coleman: Beshear’s line-item veto of gold sales tax revenue bill invalid
Lexington Herald-Leader via Yahoo News· 1 day ago“If you own gold, you can afford to pay sales tax,” Beshear wrote in his veto message. “Tangible...