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Ladbrokes’ parent company, Entain, says a sharp rise in UK gambling taxes has already taken a heavy financial toll and could ultimately strengthen unregulated betting markets. The FTSE-100 gambling group reported a £681 million ($907 million) statutory loss after tax for 2025, driven in large part by a £488 million ($650 million) impairment tied to […]
Fraudulent Lakeland tax preparer Jeffrey Dixon, who used falsified gambling winnings and losses to defraud the IRS, has been sentenced to four years and nine months in federal prison after pleading guilty last summer. The Florida local pleaded guilty to conspiracy to commit wire fraud and aiding and assisting in the filing of false and […]
President Trump, Donald Trump Jr., and Eric Trump filed a $10 billion lawsuit against the Internal Revenue Service (IRS) and Treasury Department Thursday, blaming the federal agencies for leaks of their confidential tax information. The Trump Organization, the first family’s business, is also listed as a plaintiff in the lawsuit filed in a Miami federal […]
Big-money billionaires, including Larry Ellison and Sergey Brin, are flocking to ritzy little enclaves at the California-Nevada border to scoop up property and seemingly escape the Golden State’s proposed “billionaire tax.” Brin plunked down a whopping $42 million last month on a Lake Tahoe estate in Nevada. Oracle co-founder Larry Ellison has also been quietly […]
There’s seemingly no escape from New York – the New York tax man, that is. The Empire State is “extremely aggressive” in chasing down wealthy people who attempt to escape high taxes with moves to Florida and beyond – and that could escalate as New York City Mayor Zohran Mamdani works to increase taxes on […]
California Democrat Rep. Ro Khanna says he has a solution for Silicon Valley elites angered by his embrace of a wealth tax: Tackling fraud. Over the weekend, Khanna came under fire from some donors and allies in the tech industry after he endorsed a wealth tax. Labor groups in California are trying to add a […]
Democrat Rep. Ro Khanna has embraced a wealth tax in his home state of California, and his longtime allies in Silicon Valley are now threatening to abandon him. California labor groups are trying to add a proposal for a statewide tax on billionaires to the November ballot. The proposal is causing a rift among Democrats […]
A leading contender to become President Trump’s next Federal Reserve chair said the administration expects larger tax refunds and higher take-home pay next year, as many Americans continue to express concerns about affordability. “We are going to see the biggest refund cycle ever in the history of America, and people are going to get massive […]
The IRS has now published updated confirmation that the casino slot jackpot tax is to be almost doubled in 2026. An X post by Vital Vegas stated: “Sources say the IRS will officially confirm the reporting threshold for slot jackpots increases from $1,200 to $2,000 starting Jan 1. Now, mad dash for casinos to implement […]
The IRS has released its guidance for the “no tax on tips” and “no tax on overtime” provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year. President Donald Trump signed the OBBBA into law in July after Republican majorities in Congress passed the tax reform and spending […]
