President Donald Trump announced on Friday that he is terminating all trade talks with Canada after the country decided to move forward with a digital services tax on U.S. tech companies like Meta. The president, who also mentioned high dairy tariffs, called Canada “a very difficult Country to TRADE with,” in a Truth Social post. […]
Silicon Valley Is Cashing Its Check After Backing Trump
The cost of living is increasing, wages for workers are stagnant, and people are looking for a break. Silicon Valley is getting one instead. According to Bloomberg, a little-known tax benefit known as the Qualified Small Business Stock (QSBS) that has become a favorite carve-out of tech startups would get expanded under a spending bill […]
IRS Makes Direct File Software Open Source After Trump Tried to Kill It
Direct File, the Internal Revenue Service’s long-promised free tax filing software, might be at risk of being killed off by the Trump administration, but the code that made the service possible will live on even if the program itself doesn’t. According to 404 Media, the IRS published most of the code for its Direct File […]
IRS Might Soon Share Addresses of Undocumented Taxpayers with ICE
For years, the US Internal Revenue Service has assured undocumented workers that they could file taxes without fear of their information leading to their deportation. It appears the agency will no longer be able to make that promise. According to the Washington Post, the IRS is close to completing a deal with Immigration and Customs […]