taxation

Haidilao co-founder's $350M share sale signals structural shift for founder-controlled Hong Kong firms ahead of Oct. 22 tax compliance deadline

Proposition 40, a one-time tax on California's wealthiest, goes to voters after Gov. Newsom's office and union chief Dave Regan failed to reach a deal.

Federal debt held by the public could reach 206 percent of GDP by 2075, driven by entitlement spending and interest costs that outpace revenue.

Critics say indirect charges embedded in federal infrastructure spending are raising prices on goods, energy and shipped goods without appearing as direct taxes.