CLOSE Summary Size    

Tricklar Article Summary

Mrs May told Parliament she could not take a 'no-deal' Brexit off the table as there was no approved alternative yet, and that the EU would be unlikely to postpone Britains exit date — determined by the 'Article 50' withdrawal notice — without an exit plan.

 

Hardline supporters of Brexit in Mrs Mays Conservative party object above all to the fact that Britain cannot unilaterally end the backstop, which would keep it in a customs union with the EU until an alternative way of ensuring an open border is found.

 

Hilary Benn, an opposition Labour Party lawmaker who is chairman of parliaments Brexit committee, said: 'While her door may have been open, her mind has remained closed because she has rejected stopping us leaving the EU with no deal, even though she knows it would be disastrous.

 

' Jacob Rees-Mogg, chairman of the European Research Group of anti-EU lawmakers in Mrs Mays party, said Britain was most likely to leave without a deal.

 

Mrs May vowed to be 'more flexible' with MPs in trying to agree to changes to the Northern Irish backstop, an insurance policy to ensure there will be no return to border checks between the British province and Ireland. Mrs May told Parliament she could not take a 'no-deal' Brexit off the table as there was no approved alternative yet, and that the EU would be unlikely to postpone Britains exit date — determined by the 'Article 50' withdrawal notice — without an exit plan.

 

Hardline supporters of Brexit in Mrs Mays Conservative party object above all to the fact that Britain cannot unilaterally end the backstop, which would keep it in a customs union with the EU until an alternative way of ensuring an open border is found.

 

Hilary Benn, an opposition Labour Party lawmaker who is chairman of parliaments Brexit committee, said: 'While her door may have been open, her mind has remained closed because she has rejected stopping us leaving the EU with no deal, even though she knows it would be disastrous.

 

' Jacob Rees-Mogg, chairman of the European Research Group of anti-EU lawmakers in Mrs Mays party, said Britain was most likely to leave without a deal.

 

Mrs May vowed to be 'more flexible' with MPs in trying to agree to changes to the Northern Irish backstop, an insurance policy to ensure there will be no return to border checks between the British province and Ireland. Mrs May told Parliament she could not take a 'no-deal' Brexit off the table as there was no approved alternative yet, and that the EU would be unlikely to postpone Britains exit date — determined by the 'Article 50' withdrawal notice — without an exit plan.

 

Hardline supporters of Brexit in Mrs Mays Conservative party object above all to the fact that Britain cannot unilaterally end the backstop, which would keep it in a customs union with the EU until an alternative way of ensuring an open border is found.

 

Hilary Benn, an opposition Labour Party lawmaker who is chairman of parliaments Brexit committee, said: 'While her door may have been open, her mind has remained closed because she has rejected stopping us leaving the EU with no deal, even though she knows it would be disastrous.

 

' Jacob Rees-Mogg, chairman of the European Research Group of anti-EU lawmakers in Mrs Mays party, said Britain was most likely to leave without a deal.

 

Mrs May vowed to be 'more flexible' with MPs in trying to agree to changes to the Northern Irish backstop, an insurance policy to ensure there will be no return to border checks between the British province and Ireland.
Explore | Read Full Article | CLOSE

Search results for: tax knock irs Add as filter

Reuters /
Coronavirus threatens to knock South Korea off 5G leadership perch

South Korea is struggling to retain its lead in global next-generation 5G telecom services, as the coronavirus pandemic further cools sentiment of consumers whose interest in the technology has waned due to cost and quality concerns.

Politico / READ
IRS official: Virus outbreak making it hard to implement key business tax provision

Office closures are making it difficult to process quick refunds.

ABC /
California delays sales tax payments for small businesses

California's governor says the state will let businesses keep up to $50,000 in sales taxes over the next year

CNN /
Some Americans could wait 20 weeks to receive stimulus checks, IRS tells House Democrats

Americans likely won't begin to see direct payments from the coronavirus stimulus bill until at least April 13 and it could take 20 weeks for all the ...

CBC /
Tax collectors, auditors to help field 'historic' numbers of benefit-seeking callers

Canada Revenue Agency employees know a giant spotlight will be pointed at them come Monday, when ...

CBS /
Social Security recipients to automatically get stimulus checks

Treasury said late Wednesday that Social Security recipients won't need to file extra tax forms to receive the checks.

Reuters / READ
U.S. Social Security recipients to automatically get coronavirus money

U.S. Social Security recipients will not have to file a tax return to receive a payment from the federal government to help offset the economic impact of the coronavirus pandemic, the U.S. Treasury Department said on Wednesday.

NBC /
Senators call on IRS to automatically send stimulus checks to seniors

First on NBC News: The tax agency created confusion this week by saying that some Social Security recipients would need to submit a form to get the cash.

MSNBC /
This tax break may resurface in the next coronavirus bill – and CPAs are dreading it

In an interview with The New York Times, House Speaker Nancy Pelosi raised the prospect of retroactively reinstating the state and local tax deduction. If this happened, you may be filing amended returns for 2018 and 2019.

CBS /
12/20/17: Red and Blue

Republicans change course on the spending bill that would keep the government open; the tax bill victory lap

CBS /
9/27/17: Red and Blue

Trump takes tax framework on the road; border wall prototype begins

ABC / READ
What you need to do to get your government stimulus check

The IRS and the Treasury Department say Americans will start receiving their economic impact checks in the next three weeks

MSNBC /
4 ways the coronavirus law pays small businesses to keep workers

The $2 trillion coronavirus relief package gives financial incentives, such as forgivable loans and tax credits, to businesses that retain their workers.

CBS /
Pelosi looks ahead to "phase 4" coronavirus relief package

Pelosi has suggested that the package could include a rollback on the state and local tax deduction limit.

NY Times / READ
Pelosi Floats New Stimulus Plan: Rolling Back SALT Cap

A proposal to retroactively lift a limit on state and local tax deductions would largely funnel money to high earners in high-tax states.

CBS /
Why the coronavirus pandemic should propel the NBA to suspend its luxury tax for the 2020-21 season

The financial implications of playing next season with a luxury tax would be enormous

USA Today /
Tax filing deadline 2020: When are my state taxes due?

Uncle Sam is offering tax payers some relief by delaying the federal tax deadline, but don't forget double check when your state taxes are ...

Politico / READ
IRS orders office evacuation, affecting most agency employees

The directions include employees who don’t have a telework agreement.

MSNBC /
Private-jet companies could get billions in aid from coronavirus bailout

The $2 trillion coronavirus relief package has several forms of aid for private-jet companies, including tax breaks, loans and loan guarantees.

Reuters / READ
Trump wants Congress to restore full tax deduction for meals, entertainment

U.S. President Donald Trump called on Congress Sunday to restore the full tax deduction for meals and entertainment in response to the coronavirus pandemic.

Marketwatch /
Encore: Why suspending the Social Security payroll tax is a terrible idea

It doesn’t solve today’s problems and sets bad precedents in terms of messing with the program

ABC /
Stimulus billions can't buy hospitals out of shortage crisis

The billions of tax dollars headed for hospitals and states as part of the $2.2 trillion coronavirus response bill won't solve the critical shortage ...

CNN /
Rhode Island will knock on doors and stop cars to find New Yorkers to slow coronavirus

Rhode Island's governor said Friday that law enforcement officers will stop cars and knock on doors in coastal communities to identify people who've ...

CNN /
Rhode Island will knock on doors and stop cars to find New Yorkers to slow the spread of coronavirus

Rhode Island's governor said Friday that law enforcement officers will stop cars and knock on doors in coastal communities to identify people who've ...

CNN / READ
The stimulus bill includes a tax break for the 1%

While health care workers race against the clock to keep up with the escalating medical caseload while trying to keep themselves and their families safe, Congress was still able to find the time to give money away to rich people, writes Ed McCaffery.

MSNBC /
New Yorkers have until July 15 to file state tax returns, Cuomo confirms

The Empire State is granting taxpayers three more months to get their tax returns in, according to Gov. Andrew Cuomo. The due date is now July 15, the same day as the new federal tax deadline.

NY Times / READ
Alan Finder, 72, Unflappable Newspaper Journalist, Dies

At The Times, he vitalized what in lesser hands might have been benumbing explications of property tax assessments and revisions of the City Charter.

See More