federal taxes Archive
The AFP Looks A Bit Like Tax Reform
April 29, 2021
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TweetShareSharePin0 Shares President Biden released details of his $1.8 trillion American Families Plan. First, the tax cuts: Biden’s American Families Plan would extend the American Rescue Plan’s expanded health insurance premium tax credits; extend the ARP’s more generous Child Tax Credits through 2025 and make the CTC permanently fully refundable; permanently increase tax credits for child
The AFP Looks A Bit Like Tax Reform
April 29, 2021
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TweetShareSharePin0 Shares President Biden released details of his $1.8 trillion American Families Plan. First, the tax cuts: Biden’s American Families Plan would extend the American Rescue Plan’s expanded health insurance premium tax credits; extend the ARP’s more generous Child Tax Credits through 2025 and make the CTC permanently fully refundable; permanently increase tax credits for child
Estate Taxes in Europe | Estate, Inheritance, Gift Taxes
April 29, 2021
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TweetShareSharePin0 Shares Inheritance tax dates to the Roman Empire, which collected 5 percent of inherited property to pay soldiers’ pensions. Today, the practice is widespread. The majority of European countries covered in today’s map currently levy estate, inheritance, or gift taxes. These countries are Belgium, Bulgaria, Croatia, the Czech Republic, Denmark, Finland, France, Germany, Greece,
Biden Would Close Giant Capital Gains Loopholes—At Least For The Rich
April 28, 2021
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TweetShareSharePin0 Shares President Biden has proposed to tax capital gains earned by high-income households more like other income. This is a significant reform that would close loopholes that fuel inefficient tax sheltering, make the income tax more progressive, and help pay for some of Biden’s domestic policy wish list. Under current law, long-term capital gains
Delivering Tax Benefits to People Who Are Experiencing Homelessness
April 15, 2021
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TweetShareSharePin0 Shares By approving a third round of economic impact payments (EIPs) and expanding refundability of the Child Tax Credit, Congress has made refundable tax credits a more important pillar of income support than ever. But using tax credits as a way to provide income security to low-income households creates a significant challenge: How can
A Retirement And A Possible GOP Infrastructure Alternative
April 15, 2021
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TweetShareSharePin0 Shares Top Ways & Means Republican Brady won’t run for re-election. Kevin Brady announced that he’ll retire from Congress upon completion of his current term. As chair of the House Ways & Means Committee, the Texan helped lead GOP effort to pass the 2017 Tax Cuts and Jobs Act. Brady said one reason he’s
Inventory Valuation | LIFO vs FIFO vs Weighted Average Cost
April 15, 2021
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TweetShareSharePin0 Shares As with capital investment, businesses cannot immediately deduct the full cost of inventory purchases against taxable income. Instead, the cost of inventories is deducted when sold. The deduction amount depends on the inventory valuation method. Today’s map shows which of the three main inventory valuation methods European OECD countries require their businesses to
Have Tax Problems or Questions?
April 15, 2021
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Tax Problem Resolution Sachse, Tx.
The METR, a Minimum Effective Tax Rate for multinationals
April 15, 2021
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TweetShareSharePin0 Shares This is a guest post from Sol Picciotto, Coordinator of the BEPS Monitoring Group, emeritus professor of law at the University of Lancaster in the UK, and one of the Tax Justice Network’s senior advisers. Sol is also a global leader in international tax law, and his work has for decades informed the
Yellen Offers Latest Treasury Pillar 1 Proposal
April 14, 2021
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TweetShareSharePin0 Shares For the past two years, the Organisation for Economic Co-operation and Development (OECD) has been debating how to change the tax treatment of large multinationals so that countries can tax corporate profits not just where their headquarters, employees, and assets are but also where a company’s customers are located. The implications of such
