tax code

People with unpaid IRS debt can have their Passports cancelled

A bill that prohibits people with unpaid IRS loans from travelling is expected to become law very soon. The Federal government has been going after travelling people who are reporting their taxes incorrectly for a very long time, but now, they plan to apprehend those with unpaid IRS loans.

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Ben Carson proposes elimination of Mortgage and Charitable deductions

Dr. Ben Carson gave a bold tax proposal during the recent Republican debates, calling to eliminate all itemized tax code deductions, including mortgage and charitable deductions.

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Donald Trump still undecided to sign South Carolina's Republican Party pledge

South Carolina - The Republican billionaire presidential candidate, Donald Trump, on Thursday, said he would decide in time if he will sign a pledge for the Republican presidential nominee. South Carolina Republican Party requires signing the pledge in order to vie for SC's critical primary.

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AstraZeneca, Shire fall as U.S. tax move punctures deal hopes

Shares in drugmakers AstraZeneca (AZN.L) and Shire (SHP.L) both fell more than 5 percent on Tuesday after the U.S. Treasury took steps to curb "inversion" deals that allow companies to escape high U.S. taxes by reincorporating abroad.

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