Federal Tax Updates Archive

Maryland Digital Advertising Tax Regulations: Tax Foundation Comments

TweetShareSharePin0 Shares Note: The following comments were submitted to the Maryland’s Comptroller’s office on November 8th, 2021 regarding the regulation of Maryland’s Digital Advertising Tax. The Maryland digital advertising tax, applied to gross revenue derived from digital advertising services, has a rate escalating from 2.5 percent to 10 percent of the advertising platform’s assessable base

Imposing Standards: Lessons from tax history about the ‘global tax deal’

TweetShareSharePin0 Shares The OECD’s triumphal announcement of the Inclusive Framework tax reforms last month was followed in close succession by the larger G77 group of countries tabling a proposal in United Nations negotiations for a genuinely inclusive intergovernmental tax body under UN auspices. Martin Hearson is a research fellow at the ICTD who has studied

Anti-Phishing Bill Introduced To Congress

TweetShareSharePin0 SharesAnti-Phishing Bill Introduced To Congress Sen. Partick J. Leahy has introduced the Anti-Phishing Act of 2005 to Congress for consideration. The Act would allow federal prosecutors to seek fines of up to $250,000 and prison sentences of up to five years against individuals convicted for promoting phishing scams. Online parody and political speech sites

Rethinking Limited Liability: Beneficial Ownership Transparency to Reform the Liability System, working paper

TweetShareSharePin0 Shares I am sharing a working paper which I, Andres Knobel have written, for which I welcome feedback, please send to [email protected]. Here’s a summary below, and you can read the full paper here. Rethinking Limited Liability: Beneficial Ownership Transparency to Reform the Liability System Limited liability refers to the right to cap a

The Weekly (Tax)Buzz – November 10, 2021

TweetShareSharePin0 Shares If you feel like the news is tough to keep up with these days, you aren’t alone. Every week, we publish a curated list of some of the top articles in tax and finance. Tune in every Wednesday to read the latest thought leadership pieces from our favorite bloggers, US tax proposals, tax

Love The Thrill of Risk? Invest in an Annuity!

TweetShareSharePin0 SharesLove The Thrill of Risk? Invest in an Annuity! With the stock market in steep decline, people are looking for safe places to invest their savings. Many banks and investment companies are pushing annuities. Annuities offer a higher interest rate than CD’s, but are they safe? You could view an annuity as a tax

Germany Tax System: Competitiveness Rankings

TweetShareSharePin0 Shares On the heels of Halloween, leaders of the world’s 20 biggest economies endorsed a global minimum tax of 15 percent on large multinational corporations. The minimum tax, signed in Rome and announced by the Organisation for Economic Co-operation and Development (OECD), is intended to curb profit shifting and limit tax rate competition between

Crypto traders beware, tax changes maybe coming soon

TweetShareSharePin0 Shares The Build Back Better Act currently being negotiated in Congress contains numerous strategies for eliminating tax loopholes and capturing more revenue for the government. Among the proposed changes is the imposition of “wash sale” rules to cryptocurrencies. Doing so would put the sale and repurchase of the volatile assets on the same footing

Senate and House Continue Cutting Budget Bill

TweetShareSharePin0 Shares The tax provisions contained in President Joe Biden’s Build Back Better bill have seen significant changes from where it started over 200 days ago, and as Democrats work to accommodate each other’s priorities, many programs have been cut. Some of the most notable shifts are to provide more benefits for dependent care and

Plan Your Retirement Income Carefully and Accurately

TweetShareSharePin0 SharesPlan Your Retirement Income Carefully and Accurately When you are asked to look into your future, how far can you see? Can you see yourself being retired? And, how do you feel about that? If you have saved enough or maybe started saving for your retirement, you only have a few reasons to worry.

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