taxes

A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

Source: en.wikipedia.org

Fed Lets Banks Get Tax Information Numbers From Third Parties

Fed Lets Banks Get Tax Information Numbers From Third Parties
Fed Lets Banks Get Tax Information Numbers From Third Parties
July 31, 2025  |  Bank Regulation

The Federal Reserve said Thursday (July 31) it joined other federal banking agencies in allowing banks and credit unions to obtain customers’ tax information numbers from...

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Online Sellers Face Global Suspension of ‘De Minimis’ Exemption
Online Sellers Face Global Suspension of ‘De Minimis’ Exemption
July 31, 2025  |  Economy

Platforms like eBay and Etsy will reportedly be impacted by the global suspension of the “de minimis” exemption that allowed packages valued at less than $800 to...

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Merchants Blame Taxes as Small Business Optimism Dips
Merchants Blame Taxes as Small Business Optimism Dips
July 08, 2025  |  Economy

The most taxing problem facing America’s small businesses? Taxes. That’s according to the latest findings from the National Federation of Independent Business (NFIB) optimism index, released Tuesday (July 8)....

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Nike Shifts Production and Raises Prices to Mitigate $1 Billion Tariff Cost
Nike Shifts Production and Raises Prices to Mitigate $1 Billion Tariff Cost
June 27, 2025  |  Retail

Nike said Thursday (June 26) that the new U.S. tariffs currently in place will cost the company about $1 billion. The footwear and apparel company...

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Illinois Governor Signs 1-Year Delay of Law Limiting Interchange Fees
Illinois Governor Signs 1-Year Delay of Law Limiting Interchange Fees
June 18, 2025  |  Credit Cards

Illinois has delayed for one year the implementation of a law that would bar companies from charging interchange fees on the tax and tip portions...

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At Home Seeks Bankruptcy Protection From ‘Impact of Tariffs’
At Home Seeks Bankruptcy Protection From ‘Impact of Tariffs’
June 17, 2025  |  Retail

Home décor chain At Home is shuttering dozens of stores as it seeks bankruptcy protection. The retailer, which has more than 200 locations throughout the U.S., announced its Chapter...

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Importers Face Mounting Tariff Bills From Trade Policies
Importers Face Mounting Tariff Bills From Trade Policies
June 16, 2025  |  Supply Chain

American importers are facing yet another complication from White House trade policies. As Reuters reported Monday (June 16), it’s a phenomenon known as “tariff stacking,” which is...

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Consumer Sentiment Rebounds but Remains Below Pre-Tariff Levels
Consumer Sentiment Rebounds but Remains Below Pre-Tariff Levels
June 13, 2025  |  Consumer Insights

There has been a moderate rebound in consumer sentiment, but overall, consumers’ attitudes are below pre-tariff levels. Preliminary June data from the University of Michigan...

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