Have you ever wondered why gas, cigarettes or alcohol cost so much? The answer often comes down to an excise tax — a special tax that’s built right into the price of certain goods. So, what is excise ...

More than 230 years ago, one of the first acts of the First Congress in 1789 included a relatively mundane, but important, tax policy allowing a refund on excise taxes. Unfortunately, this has become ...

The IRS on Tuesday issued a pair of notices of proposed rulemaking providing guidance on the Sec. 4501 1% excise tax on corporate stock repurchases that was enacted by the Inflation Reduction Act of ...

Secretary of State Matthew Dunlap said Maine's online registration service proved instrumental in heading off a potential headache for those looking to renew auto registrations - whether online or in ...

The Covid-19 pandemic blew up budget deficits in low- and middle-income countries, pushing many toward or into precarious financial straits. There is also growing pressure on policymakers to soften ...

In 2022, lawmakers introduced a new excise tax on stock repurchases. This one percent tax applies to net share repurchases of large corporations and was projected to raise $73.6 billion over a decade.

Hawaii laws levy a general excise tax on accommodation bookings but the state insists Booking.com can't preemptively ...

PORTSMOUTH — A permanent reduction in the federal excise tax on craft beer production means less money for the U.S. government and more money for local brewers as they climb out of the economic dregs ...

OKLAHOMA CITY — Buying a used vehicle in Oklahoma at a real bargain basement price may not save a person a lot of money on tax. Lawmakers who explored the topic of excise taxes charged on vehicle ...