Value-added taxes are popular in many countries, especially those that are less affluent. The great advantage is a built-in feature that deters tax evasion, an emerging body of research shows. Source: NYT > Business – SEEMA JAYACHANDRAN
They Got Rich Off Uber and Lyft. Then They Moved to Low-Tax States.
Meet the semiretired millennials who left California for low-tax, low-stress places like Texas, as their former start-ups stampede toward the stock market. Source: NYT > Business – KATE CONGER
Face It: You (Probably) Got a Tax Cut
Studies consistently find that the 2017 law cut taxes for most Americans. Most of them don’t buy it. Source: NYT > Business – BEN CASSELMAN and JIM TANKERSLEY
Shocked by Your Tax Refund? Next Year Could Be Worse Unless You Act Now
Fewer taxpayers have received refunds so far this year, and refunds are smaller. Now is the time to check your paycheck withholdings. Source: NYT > Business – TARA SIEGEL BERNARD
Tax Headaches? A Dose of Muni Bonds Might Help
Households stung by the limit on state and local income tax deductions are chasing tax-free municipal bonds. But it’s wise to proceed carefully. Source: NYT > Business – CARLA FRIED
Mnuchin Enters Hot Seat as Battle for Trump’s Tax Returns Escalates
The Treasury secretary, who is set to be grilled by House lawmakers in back-to-back hearings on Tuesday, is girding for a clash with Congress at a fraught moment. Source: NYT > Business – ALAN RAPPEPORT