Monthly Archive:: April 2021
The Tax Justice Network April 2021 Spanish language podcast, Justicia ImPositiva: Biden, FMI y paraisos fiscales #58
April 13, 2021
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TweetShareSharePin0 Shares Welcome to our Spanish language podcast and radio programme with Marcelo Justo and Marta Nuñez, free to download and broadcast on radio networks across Latin America and Spain. ¡Bienvenidos y bienvenidas a nuestro podcast y programa radiofónico! Escuche por su app de podcast favorita. En este programa: Las elecciones en Ecuador y el debate
Big Problems, Big Spending, Bigger Backlash?
April 13, 2021
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TweetShareSharePin0 Shares Talks begin on President Biden’s $2 trillion infrastructure bill. Source link TweetShareSharePin0 Shares
Important Cryptocurrency Tax Implications FAQ: (New) Guide
April 12, 2021
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TweetShareSharePin0 Shares Cryptocurrency Tax FAQ Cryptocurrency Tax FAQ Cryptocurrency Tax FAQ: Cryptocurrency tax enforcement has become a key compliance priority for the IRS. While the tax rules continue to evolve, the past few years have proven that the Internal Revenue Service seeks to aggressively seek enforcement. In 2019, the IRS issued a revenue ruling (RR 2019-24)
Will the IRS Get What It Needs?
April 12, 2021
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TweetShareSharePin0 Shares President Biden proposes a $1.2 billion IRS budget hike. The first tranche of President Biden’s proposed fiscal year 2022 budget includes $13.2 billion for the IRS, a 10.4 percent increase from this year. Biden wants the money to increase audits on wealthy individuals and corporations as well as “ new and improved online
AICPA recommendations on Q1 estimates and 2020 Form 709 extensions
April 8, 2021
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TweetShareSharePin0 Shares The AICPA on Thursday released some suggestions for practitioners regarding issues that have arisen around the postponed May 17 tax due date for individuals. The postponement, announced by the IRS in March (see Notice 2021-21), applies to any individual who files a federal individual income tax return on Form 1040, 1040-SR, 1040-NR, 1040-PR,
$300bn in new tax revenues? Weighing the US intervention in global tax reform
April 8, 2021
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TweetShareSharePin0 Shares The Biden administration has continued its charge to drive through international corporate tax reforms. Yesterday we evaluated Treasury Secretary Yellen’s call for an end to the race to the bottom. At the same time, the Biden administration released its ‘Made in America tax plan’, and the headlines of its international proposals were more
Deferred Prosecution Agreements (DPA) & Voluntary Disclosure
April 7, 2021
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TweetShareSharePin0 Shares Deferred Prosecution Agreement (DPA) Deferred Prosecution Agreement (DPA) Deferred Prosecution Agreements (DPA): Sometimes when the US government uncovers a potential fraud, they still require additional information and help from inside the organization or group subject to the investigation in order to get a better grasp on what’s going on — and to build
It’s time to end the race to the bottom on corporate tax
April 7, 2021
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TweetShareSharePin0 Shares Sometimes things move slowly – and then they go very fast indeed. “[A] consequence of an interconnected world has been a thirty-year race to the bottom on corporate tax rates. Competitiveness is about more than how U.S.-headquartered companies fare against other companies in global merger and acquisition bids. It is about making sure
Buffet of tax-evading secrecy revealed by US settlement with Swiss bank Rahn+Bodmer
April 6, 2021
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TweetShareSharePin0 Shares The US signed a deferred prosecution agreement last month with Zurich’s oldest private bank, Rahn+Bodmer, after the Swiss bank admitted to helping US account holders evade US tax obligations by hiding hundreds of millions of dollars in offshore bank accounts at Rahn+Bodmer (R+B). The settlement exposes a buffet of secrecy tools used by
FREEBIE REASONING: Exactly How Business Economics Ruins the Economic Climate
April 6, 2021
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TweetShareSharePin0 Shares This testimonial of Tom Bergin’s brand-new publication, Complimentary Reasoning: Exactly How Business Economics Ruins the Economic Climate, was initially released in the Black Lives Shattered version of our front runner magazine– Tax Obligation Justice Emphasis Tom was likewise talked to for the March 2021 version of the Taxcast, which you can pay attention
