Hillary Clinton, having finished in first place in a Democratic primary race with only one Democrat in it, was duly anointed by the party as its standard-bearer at its convention in Philadelphia on July 26. Her nominally independent and avowedly democratic socialist primary opponent, Bernie Sanders, who had previously declared that the country was “sick and tired” of news coverage of her use of a personal email server for receiving and sending classified documents, is apparently now resolved to also deflect attention from hacked emails showing that the top brass of the party to which he doesn’t belong actively encouraged efforts to deny him its nomination. With both email scandals thus firmly behind her, Clinton’s return to the White House seems inevitable—this time as the power on rather than behind the throne.
Tax Analysts Blog
Reacting to the success of the Leave campaign in the United Kingdom’s referendum on continued membership in the European Union, the alarmist headline of a New York Times article foreshadowed a nation stepping into “uncharted territory.” Surely a country that has not been successfully invaded since 1066, that forged the concept and practice of parliamentary rule, and that as late as seven decades ago exercised sole dominion over a quarter of the world’s total land area and an equal proportion of its population would have left in its possession a few maps with which to chart its own sovereign course once again.
Establishment Republican leaders, having consulted their textbooks for the definition of racism and concluded that it encompasses their improbable standard-bearer Donald Trump’s cringe-worthy attacks on the Mexican-American federal judge presiding over the Trump University trial, have moved on to try to further mainstream their presumptive nominee’s candidacy by pressuring him to release his tax returns. Senate Majority Leader Mitch McConnell, who a month ago said Trump would “have to make that decision himself,” now feels emboldened enough to declare, “For the last 30 or 40 years, every candidate for president has released their tax returns, and I think Donald Trump should as well.”
In amending the whistleblower statute and establishing a mandatory award in 2006, Congress evidently sought to provide greater incentives for whistleblowers by promising them more certain payments. But the statutory text does not seem to have anticipated FBAR penalties. That, combined with the subsequent delegation of administering the FBAR regime to the IRS, means that whistleblower awards largely continue to remain acts of administrative grace.
As Bill Maher summed it up recently, the Democrats’ position on immigration has morphed from comprehensive reform to “You get across that river, you're here to stay.” He might as well have added, “And you get to apply for federal public benefits right away.”
The ever more likely and the ever less liked Republican presidential nominee, Donald Trump, has variously and vacuously threatened that on acceding to the Oval Office, he would slap tariffs of 35 percent on Mexican imports, including Ford cars and Carrier air conditioners, and 45 percent on all Chinese products brought into the country.
Can Donald Trump use his “very powerful hands” to force Mexico to pay for his promised wall along the U.S.-Mexico border? In an expletive-laced rant on February 25, former Mexican President Vincente Fox dismissed Trump’s “effing wall.” Trump retorted that “the wall just got 10 feet higher.” Challenged on details of his plans for making Mexico pay, Trump points to its $58 billion annual trade surplus with the United States. But does that imbalance in trade offer a viable source of financing for a wall between the two nations?
Hell hath no fury like a Brussels bureaucrat scorned. Consider European Union Competition Commissioner Margrethe Vestager. Questioned by BBC Radio 4's Today program on member states’ making “sweetheart deals about back taxes,” such as Google’s £130 million tax settlement with HM Revenue & Customs, which was announced January 22, Vestager responded, “It’s unfair. And sometimes it is also illegal state aid.”
Supreme Court Justice Antonin Scalia, who died February 13 and was universally acknowledged as both an intellectual pillar of the Court’s modern-day conservative renaissance and a staunch defender of the constitutional rights of criminal defendants, also leaves behind a legacy of tax law jurisprudence characterized by fealty to his guiding judicial philosophy of restricting himself to the text and searching for its original meaning. In so doing, he often found himself striking a discordant and derisive note.
“I will build a great, great wall on our southern border. And I will have Mexico pay for that wall," Republican presidential hopeful and front-runner Donald J. Trump said in his announcement speech last June. Turns out the inevitable Democratic nominee, Hillary Clinton, would also build a great, great wall.