Menu

Monthly Archive:: April 2021

Biden International Tax Proposals: Details & Analysis

TweetShareSharePin0 Shares Key Findings The Biden administration’s “Made in America Tax Plan” would substantially raise taxes on the activities of U.S. multinational corporations, whether these activities are located domestically or abroad. From the perspective of U.S. multinationals, the proposal would increase their federal tax liabilities by $104 billion in 2022 and $1.2 trillion over 10

Podcast: Hong Kong raises its stock transfer tax as Wall St escapes (for now…)

TweetShareSharePin0 Shares In this Taxcast Extra Naomi Fowler speaks to Jim Henry, economist, lawyer, investigative journalist and Tax Justice Network senior adviser about the campaign to persuade New York State (which is broke) to reinstate its (tiny) Stock Transfer Tax. It would have created an important precedent for the world but for now, Wall Street has escaped. At the same time, in

INSTALLMENT AGREEMENT

TweetShareSharePin0 SharesDo I Need One? How Do I Start? Under an installment agreement, the taxpayer agrees to pay the entire amount of their debt in monthly installments over a period of up to six years. This method allows the taxpayer to pay in small, manageable amounts so that the debt is not overwhelming. Once the

Options for Boosting Economic Growth

TweetShareSharePin0 Shares As policymakers consider tax options to boost the U.S. economy’s long-run economic growth, they should consider reforms that would increase growth the most while minimizing forgone tax revenue. Using our new book, Options for Reforming America’s Tax Code 2.0, we find that providing a full and immediate deduction for business investments, as well

Tax Fairness, Economic Growth, and Funding Government Investments

TweetShareSharePin0 Shares Note: The following is the testimony of Scott A. Hodge, President of the Tax Foundation, prepared for the Senate Finance Committee (Subcommittee on Fiscal Responsibility and Economic Growth of the Committee on Finance) for a hearing on April 27, 2021, titled, “Creating Opportunity Through a Fairer Tax System.” Thank you, Madame Chairman, ranking

TEFRA + LCU = Confusion, Part 1

TweetShareSharePin0 Shares We welcome back guest blogger Bob Probasco for a three-part series inspired by the Federal Circuit’s recent 2-1 decision tossing General Mills’ refund claim as untimely under TEFRA, although the claim would have been timely under the standard timeframes of section 6511. Part 1 sets the stage and examines the majority’s reasoning. Christine

Permanence, Parenting, and Legal Challenges

TweetShareSharePin0 Shares House Democrats reintroduce bill to make permanent the ARP’s expanded CTC. Reps. Rosa DeLauro, Suzan DelBene, and Ritchie Torres proposed a permanent extension of the American Rescue Plan’s one-year increase in the Child Tax Credit (CTC) as well as full refundability of the credit. The enhanced credit would be available in the states
You cannot copy content of this page
Social Media Auto Publish Powered By : XYZScripts.com