federal taxes Archive

TweetShareSharePin0 SharesBusiness Bankruptcy Insolvency of companies can brought about by huge debts, mismanagement and current economic trends. This is the underlying rationale for applying for business bankruptcy. Bankruptcy is a process by which businesses and individuals are given the chance under the federal court to get rid of debts or to repay debts under the

TweetShareSharePin0 Shares In a 50-50 Senate where every vote counts, President Biden’s “Build Back Better” (BBB) fiscal agenda has a new name and—if it wants the vote of Sen. Joe Manchin (D-WV)—a slimmed down mission. A new version still would include significant tax increases. But there are reasons to doubt they would produce a reliable

TweetShareSharePin0 Shares The Nebraska Revenue Committee recently heard LB1264, a bill to modernize Nebraska’s tax structure by reducing income tax rates, repealing the inheritance tax, modernizing the sales tax base, and eliminating most incentives. These reforms, promoted by various Nebraska stakeholders through the Blueprint Nebraska initiative, would substantially improve tax structure and competitiveness. Once fully

TweetShareSharePin0 Shares The idea for a UN convention on tax issues is developing what may prove to be an unstoppable momentum. The Africa Group at the United Nations led the calls in 2019. The UN Secretary-General’s ‘Financing for Development in the Era of COVID-19’ initiative in 2020 identified a UN tax convention among the options

TweetShareSharePin0 Shares Most of us dread filing tax returns—it’s too complicated, too confusing, and often too expensive. The Free File Program eased some of those burdens for a few million tax filers each year, including me. But its future is uncertain. Less than 5 percent of eligible tax filers use Free File and the two

TweetShareSharePin0 Shares Last spring the Spanish government named an external tax reform committee to review environmental taxation, corporate tax, taxation of the digital economy, and harmonization of regional tax policies. The austerity policy plans tax hikes to close the 6.8 percentage point gap between Spain’s tax revenue and the Eurozone average as a percentage of

TweetShareSharePin0 Shares Omnibus spending bill is in the final stages. Source link TweetShareSharePin0 Shares