Monday, September 21, 2020

Trump Could Be Investigated for Tax Fraud, D.A. Says for First Time - The New York Times

The Manhattan district attorney's office, which has been locked in a yearlong legal battle with President Trump over obtaining his tax returns, suggested for the first time in a court filing on Monday that it had grounds to investigate him and his businesses for tax fraud.

The filing by the office of the district attorney, Cyrus R. Vance Jr., offered rare insight into the office's investigation of the president and his business dealings , which began more than two years ago.

Date: 2020-09-21T20:26:59.000Z
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TikTok fact checks: US IPO, Chinese ownership, $5B in taxes – TechCrunch

But the arrangement doesn’t address the core of many observers’ worries, as my colleague Jonathan Shieber argued : “The deal benefits everyone except U.S. consumers and people who have actual security concerns about TikTok's algorithms and the ways they can be used to influence opinion in the U.S.”

Sitting on TikTok’s board are ByteDance’s current members , all non-Chinese except ByteDance founder Zhang Yiming. Walmart CEO Doug McMillon is the latest addition to the board.

Publisher: TechCrunch
Date: 2020-09-20 21:32:00
Twitter: @techcrunch
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Sussex County property taxes due Sept. 30 | Sussex County | coastalpoint.com

Sussex County officials this week reminded property owners that Sept. 30 is the State-mandated deadline to pay annual County property tax bills.

In August, the County's Billing Services office issued tax bills for the 2021 fiscal year, totaling an estimated $166.3 million in revenue. Annual tax bills include County property taxes, and County sewer and water, tax ditch and street lighting fees, where applicable.

Publisher: Coastal Point
Twitter: @coastalpoint
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NJ budget: Baby bonds are out and these taxes are in lawmakers' plan

New Jersey lawmakers are expected to introduce a spending plan Monday that includes higher taxes on millionaires, corporations and some health insurers, but that omits many fees and tax increases proposed by Gov. Phil Murphy.

* * *

The bills haven't yet been made public, and more details are expected when lawmakers introduce and vote on the bills this week, but here's what the USA TODAY Network New Jersey has learned from lawmakers so far.

Publisher: North Jersey Media Group
Author: Stacey Barchenger
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Many things are taking place:

Forty-two years later, another California property tax battle – Press Enterprise

It's been 42 years since California voters sharply altered the state's political dynamics by overwhelmingly passing Proposition 13 to slash property taxes, ignoring virtually unanimous opposition from leaders of both political parties.

It's also been 42 years since Proposition 13's opponents — public employee unions and others with stakes in government spending — first began plotting how to overturn it.

Publisher: Press Enterprise
Date: 2020-09-21T16:24:52 00:00
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Some New York Lawmakers Push to Follow New Jersey in Raising Millionaires' Taxes - WSJ

ALBANY, N.Y.—Progressive lawmakers and groups said New Jersey's agreement to increase taxes on millionaires should be matched in New York, and are pushing the state Legislature here to convene soon to consider a revenue package.

A coalition of advocacy groups called #FundExcludedWorkers, which includes unions representing nurses and auto workers, is planning a Friday protest along Park Avenue to call for taxing the income and wealth of billionaires.

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Publisher: WSJ
Date: 2020-09-21T19:33:00.000Z
Author: Jimmy Vielkind
Twitter: @WSJ
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New Jersey, California Dodge Worst of Tax Crisis in 'Weird Recession' - The Washington Post

State tax revenues in some parts of the U.S. are rebounding as the economy emerges from the coronavirus lockdown, a positive sign for governors and mayors who had been bracing for the biggest fiscal crisis in decades.

August sales-tax receipts in hard-hit New Jersey rose 3% from a year earlier and non-partisan legislative analysts are forecasting that revenue will exceed Governor Phil Murphy's projections by $1.4 billion for the fiscal year. California's revenue is exceeding forecasts, Georgia's collections are on the rise and Ohio's Cuyahoga County -- home to Cleveland -- dodged almost all of the devastating blow it once predicted.

Publisher: Washington Post
Date: 2020-09-21T13:46:09Z
Twitter: @WashingtonPost
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