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Federal Tax Updates Archive

State Pension Funding: State Pension Plan Finances

TweetShareSharePin0 Shares Although most states are on solid financial footing following the coronavirus crisis, pension liabilities are a deep-seated problem that long predates the pandemic. The most recent data from Truth in Accounting (which analyzes government accounting data from every state) shows the strain on state retirement systems in 2019 as pension funds strive to keep pace

Tax Justice Network Arabic podcast, edition #42: الجباية ببساطة #42 : هل يمكن فرض ضريبة على الشركات العالمية للمحتوى الرقمي في العالم العربي

TweetShareSharePin0 Shares Welcome to the 42nd edition of our Arabic podcast/radio show Taxes Simply الجباية ببساطة contributing to tax justice public debate around the world. It’s produced and presented by Walid Ben Rhouma and is available for listeners to download. Any radio station is welcome to broadcast it for free and websites are also welcome to share it. You can join

The Deficit Is Likely To Be Bigger Than Biden Projects, But Not Because Of A Rosy Economic Forecast

TweetShareSharePin0 Shares Those of us who have been writing about the federal budgets for too long remember the sad history of presidents trotting out wildly optimistic economic assumptions to explain away growing deficits and debt. It was a tried-and-true way to hide their unwillingness to pay for ambitious spending with too little tax revenue. Former

We want your feedback on our Financial Secrecy Index

TweetShareSharePin0 Shares In February last year, we published the 2021 edition of our Financial Secrecy Index, a global ranking of countries most complicit in helping individuals hide their finances from the rule of law. The index grades each country’s legal and financial system with a secrecy score out of 100 where a zero out of 100 is full transparency and a

We want your feedback on our Financial Secrecy Index

TweetShareSharePin0 Shares In February last year, we published the 2021 edition of our Financial Secrecy Index, a global ranking of countries most complicit in helping individuals hide their finances from the rule of law. The index grades each country’s legal and financial system with a secrecy score out of 100 where a zero out of 100 is full transparency and a

Use Child Tax Credit for Tax Savings

TweetShareSharePin0 Shares Use Child Tax Credit for Tax Savings Source: Flickr Now, here’s a real tax savings to the individual taxpayer with dependents. The child tax credit is a direct federal income tax credit based on the number of dependent children in your family. This federal tax credit is available to provide credit to taxpayers

Home Business Legalities And Tax Advantages

TweetShareSharePin0 Shares Home Business Legalities And Tax Advantages Source: Flickr Even if you work out of your home, most cities and/or counties require you to have a business license and/or permit. Check with your local government municipalities to find out what the requirements are for where you live. Depending on where you live, you should
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