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Build Back Better Book Minimum Tax

TweetShareSharePin0 Shares The Build Back Better Act (BBBA) would raise taxes to pay for social spending programs. But the design of some of the tax increases may end up hurting private pensions, among other problems. By relying on measures of income reported on company financial statements, i.e., book income, the proposed corporate alternative minimum tax

A Vote on BBB This Week? Maybe?

TweetShareSharePin0 Shares BBB finally hits the House floor.  Majority Leader Steny Hoyer said “most of” the floor debate on the House version of President Biden’s Build Back Better Act (BBB) will occur today. “And then,” he told reporters, “I expect a vote on… final passage at the earliest Thursday, and at hopefully the latest on

Tax Demand? A Tax Attorney Could Reduce It

TweetShareSharePin0 SharesTax Demand? A Tax Attorney Could Reduce It Do you dread seeing those brown envelopes with the IRS or Inland Renenue address on them? Do you put them on one side until you have summoned the courage to read their latest demand for money? Does the thought of filing your tax return stress you

Affordable Individual Health Insurance

TweetShareSharePin0 SharesAffordable Individual Health Insurance There are many options for an individual to obtain affordable health insurance coverage. Keep in mind that there are savings in numbers; the more people in a plan, the better the savings for each member. In some states, like Florida you may purchase group policies for a group of one.

2022 Norway Budget Tax Proposals

TweetShareSharePin0 Shares Norway’s new center-left government that took power on October 14 has set out its 2022 budget proposals, amending the 2022 budget proposal announced last month by the outgoing conservative government. The new budget comes with several tax cuts and a handful of tax hikes. While the new proposal cuts indirect taxes by $270

Waiting For CBO’s Score… | Tax Policy Center

TweetShareSharePin0 Shares CBO promises a full score of Build Back Better by Friday. The Congressional Budget Office  said yesterday it plans to release a full cost estimate of the House Democrats’ Build Back Better Act by the end of the week by the end of this week. House moderates say they’ll vote for the big

Donate A Car To Your Charity

TweetShareSharePin0 SharesDonate A Car To Your Charity Making charitable contributions is a wonderful way to help out your fellow man, but it is also a good way to get some tax breaks. One really good method is to donate a car to charity. However, there are some things you will need to do in order

Losses to OECD tax havens could vaccinate global population three times over, study reveals

TweetShareSharePin0 Shares Poorer countries hit hardest by global tax abuse at the hands of rich countries Countries are losing a total of $483 billion in tax a year to global tax abuse committed by multinational corporations and wealthy individuals – enough to fully vaccinate the global population against Covid-19 more than three times over.1 The

How Do Build Back Better Taxes Affect 5G Competition?

TweetShareSharePin0 Shares One unintended consequence of the tax proposals in the Build Back Better Act is a higher potential burden on wireless spectrum investments. Proposals like levying a minimum tax on book income would retroactively tax past spectrum purchases and raise the tax burden on future spectrum purchases. In turn, it could distort the prices companies

Donating A Used Vehicle To A Charity

TweetShareSharePin0 SharesDonating A Used Vehicle To A Charity If you are interested in making charitable donations and claiming then on your tax return then you should consider donating a used vehicle to a charity. This will allow you to claim a deduction on your tax returns. However, there are some rules you will need to
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