Taxes
  • FILE PHOTO: French President Emmanuel Macron attends a ceremony to start the construction of the first metro line in Abidjan

    Tax Burden in France Now Highest in the World: OECD

    By Michael Rainey

    France is now the most heavily taxed developed nation, according to the latest annual review by the Organization for Economic Cooperation and Development. The OECD’s analysis includes federal, state...

  • 18. District of Columbia

    4 Lessons from the GOP Tax Bill

    By The Fiscal Times Staff

    The Wall Street Journal’s Theo Francis says that while the Republican tax bill signed by President Trump a year ago has produced some obvious effects for U.S. businesses, including a solid boost to...

  • GM says other defective ignition switch made in China

    Why GM Pays Almost No Federal Income Tax

    By Michael Rainey

    General Motors has earned billions of dollars in the decade since its bankruptcy and bailout, but thanks to a provision in the tax code called "net operating loss carryforward," it has paid very...

  • One Simple Reason the GOP Tax Bill Has Stalled

    By Michael Rainey

    Republicans hold the majority in the House for a few more weeks, but that numerical advantage doesn’t mean much if lawmakers don’t show up to vote. Politico’s Brian Faler says that dozens of...

  • Sen. Schumer attends a news conference on Amtrak funding on Capitol Hill in Washington

    No Deal on Trump's Border Wall as Lawmakers Scramble to Avoid a Shutdown

    By Michael Rainey

    As negotiations to avoid a partial government shutdown next week continue, Democratic lawmakers have rejected a Republican proposal to spend $5 billion on the border wall over two years. “No matter...

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