Business > Politics and Government

For Public Company Accountants, New Tax Law Is More A Nightmare Than A Bonanza

9 days ago   |   By

President Trump could have given accountants breathing room had he signed the tax bill after December 31, so that there would have been no effects on deferred tax assets or liabilities for tax year 2017. But he didn't.
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Trump Saluted a North Korean General, Setting Off a Debate

9 days ago   |   By

North Korea aired video on state television on Thursday that shows President Trump greeting a North Korean general with a salute.
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Bill to create Jamaican Bobsled Team license plate approved

9 days ago   |   By

The New York Legislature has approved a measure that would allow the state to issue special Jamaican Bobsled Team license plates
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New York AG Accuses Trump Foundation of “Extensive and Persistent” Law-Breaking

9 days ago   |   By

Donald Trump's personal charity amounted to little more than a personal piggy bank he could use for his own financial and political gain, according to a lawsuit filed by the New York state attorney general after a two-year investigation.
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New York attorney general sues Trump Foundation over self-dealing

9 days ago   |   By

NEW YORK - The New York state attorney general's office filed a scathingly worded lawsuit Thursday taking aim at the Donald J. Trump Foundation, accusing the charity and the Trump family of sweeping violations of campaign finance laws, self-dealing and illegal coordination with the presidential campaign.
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New York State Sues Trump Foundation For Misusing Funds

9 days ago   |   By

NEW YORK - A lawsuit filed by New York's attorney general Thursday said President Donald Trump used his charitable foundation to settle personal business disputes and bolster his political image with donations directed by his staff.
The Donald J. Trump Foundation “was little more than a checkbook for payments from Mr. Trump or his businesses to nonprofits, regardless of their purpose or legality,” Democratic Attorney General Barbara Underwood said as she sued to dissolve the foundation and seek $2.8 million in restitution.
The lawsuit says the foundation illegally helped support the...
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How Trump allegedly used his nonprofit to support his presidential bid

9 days ago   |   By

In several events before the Iowa caucuses, Trump used his foundation to boost his candidacy.
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Trump Foundation Accused of Violating Charity Law

9 days ago   |   By

President Donald Trump's charitable foundation has persistently broken state and federal laws with improper political activity, self-dealing and failing to follow basic fiduciary obligations, New York said in a lawsuit.
Attorney General Barbara Underwood sued to dissolve the Donald J. Trump Foundation and block its board members from serving on any not-for-profit organization authorized by New York law.
“The Foundation was little more than a checkbook for payments to not-for-profits from Mr. Trump or the Trump Organization," according to the complaint filed in New York state court...
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New York sues President Trump's charitable foundation

9 days ago   |   By

NEW YORK - A lawsuit filed by New York's attorney general Thursday said President Donald Trump used his charitable foundation to settle personal business disputes and bolster his political image with donations directed by his staff. The Donald J. Trump Foundation "was little more than a checkbook for payments from Mr. Trump or his businesses to nonprofits, regardless of their purpose or legality," Democratic Attorney General Barbara Underwood said as she sued to dissolve the foundation and seek $2.8 million in restitution.
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New York sues Trump Foundation, alleging illegal activity

9 days ago   |   By

The lawsuit seeks $2.8 million in restitution, and additional penalties.
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New York State sues Trump Foundation for allegedly breaking state and federal law

New York State sues Trump Foundation for allegedly breaking state and federal law

9 days ago   |   By

New York Attorney General Barbara Underwood filed suit on Thursday against the Donald J. Trump Foundation, the nonprofit organization founded and presided over by President Trump and his family.
Ostensibly a charitable organization, the suit alleges that the foundation served as a de facto checkbook for Donald Trump for decades, doling out money to settle his legal disputes, purchase lavish gifts, and otherwise enrich the Trump family. The suit names Donald Trump, three of his children - Donald Trump Jr., Eric Trump, and White House adviser Ivanka Trump - and the rest of the Trump...
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Jeremy Hunt said it's 'completely inappropriate' for Airbus, BMW to issue...

Jeremy Hunt said it's 'completely inappropriate' for Airbus, BMW to issue Brexit warnings

Health Secretary Jeremy Hunt has slammed businesses for issuing warnings about Brexit uncertainty. Hunt told the BBC that the warnings are undermining the UK's negotiating... Read more ...

The government says it reunited 522 immigrant children separated from their...

The government says it reunited 522 immigrant children separated from their parents under Trump's 'zero tolerance' policy - but thousands more remain

The Deparment of Homeland Security said late Saturday it reunited 522 immigrant children who were separated from their families under the Trump administration's "zero... Read more ...

British trucks would be blocked from entering Europe under no-deal Brexit...

British trucks would be blocked from entering Europe under no-deal Brexit, industry leader warns

A no-deal Brexit would ground British lorries trying to enter Europe to a halt the day after Brexit, said freight chief James Hookham. He told Business Insider that the chances... Read more ...

Sarah Sanders said she was asked to leave a Virginia restaurant because she...

Sarah Sanders said she was asked to leave a Virginia restaurant because she works for Trump

White House Press Secretary tweeted Saturday she was asked to leave a Virginia restaurant because she works for President Donald Trump. The incident comes days after Homeland... Read more ...

The government's top ethics official said Trump's business deals 'raise...

The government's top ethics official said Trump's business deals 'raise serious concerns' - but he doesn't have the authority to investigate

The acting director of the Office of Government Ethics said some of President Donald Trump's business deals "raise serious concerns," but the agency doesn't have the authority... Read more ...

The Supreme Court decision that will put more taxes on internet sales is...

The Supreme Court decision that will put more taxes on internet sales is good news for you

The Supreme Court this week ruled that states can compel retailers to collect sales taxes even if they don't have a physical presence in the states. It's good news for... Read more ...

State contributes money to help redevelop Janesville GM site

State contributes money to help redevelop Janesville GM site

Wisconsin is contributing $500,000 to clear a former General Motors plant in Janesville. Read more ...

A famous scientist first warned Congress about climate change exactly 30...

A famous scientist first warned Congress about climate change exactly 30 years ago today. James Hansen wishes he'd been wrong

James Hansen, a NASA climate scientist, thrust climate change into the public spotlight 30 years ago in front of a Senate committee. Hansen says we've failed to address the... Read more ...

Large Methane Leaks Threaten Perception Of 'Clean' Natural Gas

Large Methane Leaks Threaten Perception Of 'Clean' Natural Gas

A new study finds that oil and gas operations are leaking 60 percent more methane than previously reported by the federal government. Read more ...

Mexican officials are ready stop helping the US fight terrorism and drug...

Mexican officials are ready stop helping the US fight terrorism and drug trafficking to get back at Trump

Mexican senators have asked their government to consider ending security and immigration cooperation with the US. The call comes in response to Trump's now-rescinded policy of... Read more ...