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federal taxes Archive

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

Inheritance, Estate, and Gift Taxes in OECD Countries

TweetShareSharePin0 Shares In a recent report that reviews inheritance taxation in OECD countries, the Organisation of Economic Co-operation and Development (OECD) concludes that inheritance taxes could play a key role in reducing inequality while increasing countries’ tax revenues. When analyzing the wealth distribution in 27 OECD countries, the report finds that in 2015, on average,

🔴 Live blog: Global minimum tax rate at G7

TweetShareSharePin0 Shares The single biggest change in a century to international tax rules will be discussed this weekend at an annual meeting of the G7 – a club of the world’s seven largest economies: Canada, France, Germany, Italy, Japan, the UK and the US. The G7 will seek an agreement on implementing a global minimum

🔴 Live blog: Global minimum tax rate at G7

TweetShareSharePin0 Shares The single biggest change in a century to international tax rules will be discussed this weekend at an annual meeting of the G7 – a club of the world’s seven largest economies: Canada, France, Germany, Italy, Japan, the UK and the US. The G7 will seek an agreement on implementing a global minimum

Montana Adopts Individual and Corporate Income Tax Reform

TweetShareSharePin0 Shares Montana adopted structural reforms to both individual and corporate income taxes during the recently adjourned legislative session, enacting three bills reducing individual tax rates, simplifying the state’s individual tax system, repealing 16 tax credits, and changing the apportionment factor for corporate income tax. This tax reform package, signed by Gov. Greg Gianforte (R)
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