tax Archive
A draft UN tax convention: building momentum
March 10, 2022
No Comments
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
Spain Tax Reform Committee 2022
March 9, 2022
No Comments
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
Congress Should Make 2022 Donations to Ukraine Relief Deductible in 2021
March 9, 2022
No Comments
TweetShareSharePin0 Shares 0 Flares
Filament.io
Made with Flare More Info“>
0 Flares
×
We welcome back commenter in chief Bob Kamman with a suggestion to Congress regarding how it could help further to provide relief for the individuals impacted by the crisis in Ukraine. Keith Ukraine President
Ordering Documents from the Tax Court
March 9, 2022
No Comments
TweetShareSharePin0 Shares I have complained on several occasions about the fact that the Tax Court does not make documents available electronically. If you want to read my complaints look here and here. Complaints aside, I thought it might be useful to describe in detail the process of getting documents from the Tax Court for those
Many Low-Income Families May Not Get the Full Child Tax Credit Because They Won’t File A Tax Return
March 8, 2022
No Comments
TweetShareSharePin0 Shares From July to December, the IRS delivered advanced payments of the 2021 expanded child tax credit (CTC) to the families of over 61 million children. Most received half of their credit but will need to file a tax return to get the rest. However, a new Urban Institute survey finds that some eligible
Georgia Income Tax Reform Would Improve Competitiveness
March 8, 2022
No Comments
TweetShareSharePin0 Shares This year’s state legislative sessions have been characterized by a focus on tax policy, with five states already enacting significant individual or corporate income tax reform. Lawmakers in Georgia aren’t interested in being left behind. While HB 1437 was previously a placeholder bill, the sponsors have now shared their plan to consolidate Georgia’s
Tax Court Answers
March 8, 2022
No Comments
TweetShareSharePin0 Shares The listserv for the Low Income Tax Clinic and Pro Bono Committee of the American Bar Association Tax Section recently had a burst of discussion regarding answers in small tax cases in the Tax Court. This issue has come up before. Professor Rob Nassau of Syracuse Law School, and long-time director of the
2022 Capital Gains Tax Rates in Europe
March 8, 2022
No Comments
TweetShareSharePin0 Shares In many countries, investment income, such as dividends and capital gains, is taxed at a different rate than wage income. Today’s map focuses on how capital gains are taxed, showing how capital gains tax rates differ across European OECD countries. When a person realizes a capital gain—that is, sells an asset for a
IRS to fast-track 10,000 hirings to address backlog
March 7, 2022
No Comments
TweetShareSharePin0 Shares The IRS intends to use an expedited hiring process to hire about 10,000 workers for processing tax returns and managing taxpayers’ accounts, according to a union that represents employees in the Service and other federal agencies. National Treasury Employees Union (NTEU) National President Tony Reardon said in a statement that the NTEU was
Tax Court Takes Almost Five Years to Decide a Dependency Exemption Case
March 7, 2022
No Comments
TweetShareSharePin0 Shares I set aside the case of Hicks v. Commissioner, T.C. Memo 2022-10 to possibly write about the procedure for claiming a qualified child dependent who doesn’t live with you. That procedure requires taxpayers to carefully follow certain steps that can be difficult to follow as a family breaks apart. I will talk about
