tax Archive
The Tax Justice Network June 2021 Spanish language podcast, Justicia ImPositiva: Impuesto mínimo global a las corporaciones #60
June 14, 2021
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TweetShareSharePin0 Shares Welcome to our Spanish language podcast and radio programme Justicia ImPositiva with Marcelo Justo and Marta Nuñez, free to download and broadcast on radio networks across Latin America and Spain. ¡Bienvenidos y bienvenidas a nuestro podcast y programa radiofónico! Escuche por su app de podcast favorita. En este programa: Nuevo gobierno en el Perú La rebelión
Pro Publica Tax Dump
June 14, 2021
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Our post today features an Op Ed that Les wrote reacting to the Pro Publica release of information. Because Les is on vacation, I have the opportunity to introduce his post which he asked
Global Leaders Officially Endorse Global Minimum Corporate Tax Rate
June 14, 2021
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TweetShareSharePin0 Shares President Biden and G-7: Yes to a global minimum corporate tax of 15 percent. Biden and leaders of the Group of 7 nations publicly endorsed on Friday a 15 percent minimum global corporate tax rate. They also agreed to replace individual country digital services taxes with a destination tax based on where multinational
IRS posts ARPA credit FAQs
June 11, 2021
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TweetShareSharePin0 Shares The IRS posted two sets of FAQs to its website on Friday, explaining changes to various credits made by the American Rescue Plan Act (ARPA), P.L. 117-2. New Child and Dependent Care Tax Credit FAQs discuss changes made by ARPA that increased the maximum amount of work-related expenses for qualifying care that may
Global Minimum Tax: Questions for Global Tax Reform
June 11, 2021
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TweetShareSharePin0 Shares There has been some confusion about how some parts of the recent G7 agreement on new tax rules for multinational companies might work. The new policies would target the largest and most profitable multinationals and bring in a global minimum tax. The G7 agreement is subject to further debate and further agreement at
Fiscal Session Finishes Strong with Tax Reform
June 11, 2021
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TweetShareSharePin0 Shares It took until the last day of the session, but Louisiana lawmakers succeeded in passing a tax reform package Thursday that would simplify a complicated tax code and make the state more economically competitive. Because these measures are reliant on constitutional amendments, voters will ultimately decide the success of the plan in October.
Bouncing Documents at the Tax Court
June 11, 2021
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TweetShareSharePin0 Shares I wrote about documents bouncing back from the Tax Court last month in connection with the Tax Court policing the timely filing of petitions. The post caused commenter in chief Bob Kamman to pay careful attention to the orders coming out of the Tax Court and he noticed a particularly bad day for
Mind the Growing Tax Gap
June 11, 2021
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TweetShareSharePin0 Shares Treasury: Tax gap could grow to $7 trillion over ten years. Treasury estimates that the difference between how much Americans owe in taxes and how much they pay will grow to $7 trillion over the next decade. Deputy Assistant Secretary Mark Mazur says a growing gap results in higher tax rates, and urged
Regs. on postponing tax deadlines due to federally declared disasters
June 10, 2021
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TweetShareSharePin0 Shares In new final regulations (T.D. 9950), Treasury and the IRS have attempted to resolve ambiguities about when a federally declared disaster will lead to a mandatory 60-day postponement of certain time-sensitive tax-related deadlines. The final regulations adopt, with some changes, proposed regulations issued in January (REG-115057-20). The mandatory postponement provision, Sec. 7508A(d), was
Technology and Taxpayer Rights
June 10, 2021
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TweetShareSharePin0 Shares This post includes information about the IRS’s plans to use AI to assist taxpayers. For more insight on the legal risks tax administrations face from using AI-enabled systems, including risks to taxpayer rights, there is a Zoom lecture hosted by Antwerp and VIA Universities, HMRC, the Prosperity Collaborative, and the Center for Taxpayer
