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Monthly Archive:: June 2021

🔴 Live blog: Global minimum tax rate at G7

TweetShareSharePin0 Shares The single biggest change in a century to international tax rules will be discussed this weekend at an annual meeting of the G7 – a club of the world’s seven largest economies: Canada, France, Germany, Italy, Japan, the UK and the US. The G7 will seek an agreement on implementing a global minimum

🔴 Live blog: Global minimum tax rate at G7

TweetShareSharePin0 Shares The single biggest change in a century to international tax rules will be discussed this weekend at an annual meeting of the G7 – a club of the world’s seven largest economies: Canada, France, Germany, Italy, Japan, the UK and the US. The G7 will seek an agreement on implementing a global minimum

Montana Adopts Individual and Corporate Income Tax Reform

TweetShareSharePin0 Shares Montana adopted structural reforms to both individual and corporate income taxes during the recently adjourned legislative session, enacting three bills reducing individual tax rates, simplifying the state’s individual tax system, repealing 16 tax credits, and changing the apportionment factor for corporate income tax. This tax reform package, signed by Gov. Greg Gianforte (R)

TIGTA Releases Report on Improper Payment Rate For Refundable Credits

TweetShareSharePin0 Shares Last month TIGTA released its annual review of the IRS’s improper payment reporting requirements under the Payment Integrity Information Act  (PIIA). The focus in this TIGTA report is the IRS’s administration of refundable credits. In the pre-COVID time frame (FY 20), OMB determined that the Earned Income Tax Credit (EITC), Additional Child Tax Credit (ACTC), and American Opportunity

Making Good on Tax Promises, Sort Of

TweetShareSharePin0 Shares The Green Book is back. Officially “The General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals,” the volume includes detailed descriptions of President Biden’s tax plans. Required beach reading for tax geeks, just in time for summer. Former President Trump scrapped the long tradition of issuing the Treasury report to supplement the

Making Good on Tax Promises, Sort Of

TweetShareSharePin0 Shares The Green Book is back. Officially “The General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals,” the volume includes detailed descriptions of President Biden’s tax plans. Required beach reading for tax geeks, just in time for summer. Former President Trump scrapped the long tradition of issuing the Treasury report to supplement the

Making Good on Tax Promises, Sort Of

TweetShareSharePin0 Shares The Green Book is back. Officially “The General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals,” the volume includes detailed descriptions of President Biden’s tax plans. Required beach reading for tax geeks, just in time for summer. Former President Trump scrapped the long tradition of issuing the Treasury report to supplement the

Revealing The Truth Behind The Garnishment Laws

TweetShareSharePin0 Shares Revealing The Truth Behind The Garnishment Laws Source: Flickr Garnishment law has been in force to improvise the mode of collection of payment for the money due towards the federal government or any other creditor. Garnishment law also states wage garnishment according to which the money is deducted directly from the person’s salary

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