Thousands of New York City residents receiving federal food benefits are in jeopardy due to President Trump's tax law, which aims to eliminate waste and fraud but may harm the poorest families.
The president's signature tax law allows a long-standing business deduction for the cost of food provided to employees to expire, imperiling a workplace perk popularized during Silicon Valley's dot-com boom.
The proposed Section 899 tax law threatens dividend-based portfolios, particularly for foreign investors, potentially eroding the returns needed for a secure retirement.
In a landmark move, HMRC confirmed that these Stop Notices mark the first time the orders have been issued to an individual rather than a company, underscoring the government's intent to clamp down on tax avoidance regardless of how schemes are structured.
