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What you need to know about a new tax bill

A new federal tax bill passed Thursday, which was expected to increase the federal deficit by $1.5 trillion over the next decade, will be signed into law by President Donald Trump and signed into effect as early as next week.The Trump administration and House Republicans have said the new tax plan will increase revenue and […]

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Facebook and Snapchat both got $3.2bn in tax breaks

Business Insider has learned that Facebook and Twitter both received tax breaks worth $3,200 per share as part of their $13.4bn US tax deal with the Treasury Department.Both companies will be eligible for tax breaks totaling $4,700 per share in 2018 and $1,400 per share thereafter.Facebook received a tax break worth $2.5bn in 2018, $1.5 […]

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