The measure signed by California Gov. Jerry Brown was inspired by the $2.5-million fine levied against Donald Sterling. The LA Times reports.» Read More
Apple's CEO Tim Cook will testify on Capitol Hill on Tuesday over corporate tax laws, reports CNBC's Eamon Javers. Michael Santoli, Yahoo! Finance and Ben Parr, CNET, provide perspective.
Yahoo is buying Tumblr for $1.1 billion, and wealthy households in France paid more than 100 percent of their income in taxes in 2012. CNBC's Robert Frank and John Carney discuss.
CNBC's Jackie DeAngelis reveals how you can tell if the government's tax agency is targeting you.
Alexandra Lebenthal, President and CEO of Lebenthal & Co, provides a strategy for investors to bank profits when the Fed begins winding down its bond-buying policies.
U.S. lawmakers are getting ready for a second week of scrutinizing the circumstances surrounding the IRS targeting of conservative groups, reports CNBC's John Harwood.
CNBC's Robert Frank has been looking at IRS audits and has found some troubling trends. Frank VanderSloot, Melaleuca CEO 7 founder, shares his thoughts about his own situation.
How tax reform could get stalled by IRS-Gate, with CNBC's John Harwood. Representatives want to simplify the tax code and make it more transparent.
Tim Cook plans to propose a dramatic simplification of corporate tax law when he testifies before Congress next week, reports CNBC's Mary Thompson.
Rep. Lloyd Doggett, (D-TX) asked acting IRS Commissioner J. Russell George, if he found the IRS "rotten at the core." And, Rep. Peter Roskam, (R-IL), queried ousted IRS chief Steven Miller whether he had a "duty" to come forward to the Ways and Means Committee with any information he had about the tax investigation before the Hearing. Rep. Mike Thompson, (D-CA), wanted to know the difference between "inappropriate" and "illegal" actions when reviewing tax cases. And, Rep. Jim Gerlach, (R-PA), challenged the assertion that confidential tax information was not shared outside the IRS.
CNBC's Eamon Javers and John Harwood provide insight from the House hearing on the IRS scandal, with ousted IRS chief Steven Miller and acting IRS commissioner J. Russell George.
Rep. Richard Neal, (D-MA), asks ousted IRS chief Steven Miller and acting IRS Commissioner J. Russell George, about the policies of 501(c) (4) tax-exempt status and political groups. Also, Rep. Pat Tiberi, (R-OH), wants to know why an educational group and book club was targeted by the IRS. "Foolish mistakes were made," said Rep. Xavier Becerra, (D-CA). And, Rep. Dave Reichert, (R-WA), wants to know whether groups were "treated differently" because of their political affiliations.
Rep. Charles Rangel, (D-NY), asks ousted IRS chief Steven Miller and acting IRS Commissioner J. Russell George, who was responsible for the tax scrutiny, and whether the tax law is written for "abuse." And, Rep. Paul Ryan, (R-MI), asks Steve Miller if he is misleading the Committee because he knew in previous testimony targeting was taking place. And, Rep. Jim McDermott, (D-WA), distinguished the difference between "stupid mistakes" and "malicious mistakes." Also, Rep. Devin Nunes, (R-CA), asks Steven Miller if he is willing to release his personal emails, phone records, and personal schedule from 2010 until his resignation.
Rep. David Camp, (R-MI), asks ousted IRS chief Steven Miller and acting IRS commissioner J. Russell George, when they became aware of the tax scandal and who informed them. Also, Rep. Sander Levin, (D-MI), asks if there was "political motivation" involved in singling out organizations for tax-exempt status. And, Rep. Charles Boustany, (R-LA), asks both witnesses if specific "targeting" was not involved, why it seems one political group was singled out. Rep. Joseph Crowley, (D-NY), points out that Steve Miller was not a political appointee of the IRS; and Rep.Kevin Brady, (R-TX), reveals how a tax audit impacted a small business woman and Tea Party member..
CNBC's Eamon Javers provides the latest details on a House committee hearing with former acting IRS commissioner Steven Miller.
Rep. Charles Rangel, (D-NY), discusses which questions he wants answered when former acting IRS commissioner Steven Miller testifies later this morning before the House Ways and Means Committee.
Rep. Dave Camp, (R-MI), shares what he wants to hear from former acting IRS Commissioner Steven Miller, when he testifies before the House later this morning.
Henry Blodget, Business Insider CEO & editor-in-chief; and Steve Bertoni, Forbes associate editor, discuss how the social networking company has grown up in the past twelve months.
Tim Cook says he'll propose tax changes to encourage firms to bring home more of their offshore funds when he faces congressional queries over Apple's overseas cash holdings.
In a wide-ranging interview, Henry Blodget, Business Insider CEO & editor-in-chief; and Steve Bertoni, Forbes associate editor, discuss a variety of topics, from Yahoo's move to buy Tumblr; Dell's takeover battle; to the IRS tax targeting scandal.
Being audited is scary. Not knowing if you might be is almost as bad. Here is a roadmap to how the IRS decides on candidates for examination.
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