tax Archive

TweetShareSharePin0 Shares On International Human Rights Day today, we the support and highlight the call for the human right to care and the pivotal role of tax justice in realising this right.  The Covid-19 pandemic, the climate crisis, debt burden and the fiscal austerity of recent decades have brought untold burdens and hardships on those

TweetShareSharePin0 Shares Faced not only with immediate surpluses but with the expectation of sustained revenue growth in coming years, Arkansas policymakers have chosen to return some of the additional revenue to taxpayers in the form of individual and corporate income tax rate reductions, with additional rate cuts if future revenues permit. Whenever a state has

TweetShareSharePin0 Shares We welcome back Guest Blogger Charles Markham who last posted on an issue I discussed earlier this week.  Charles practices in the Boston area and has been a volunteer with the Harvard tax clinic over the years.  He is both an Enrolled Agent and a United States Tax Court Practitioner based on having

TweetShareSharePin0 Shares Key Findings In 2021, 20 countries made changes to their statutory corporate income tax rates. Three countries—Bangladesh, Argentina, and Gibraltar—increased their top corporate tax rates, while 17 countries—including Chile, Tunisia, and France—reduced their corporate tax rates. Comoros (50 percent), Puerto Rico (37.5 percent), and Suriname (36 percent) are the jurisdictions with the highest corporate

TweetShareSharePin0 Shares Two versions of the Child Tax Credit (CTC) are on the books for the next five years, and a third is included in the House Build Back Better (BBB) plan now awaiting Senate action. The long-term future of the CTC is anyone’s guess, however. Congress should address this uncertainty by making the CTC

TweetShareSharePin0 Shares In Ruhaak v. Commissioner, 157 T.C. No. 9 (2021), the Tax Court, in a precedential opinion, made it clear that a taxpayer must wait until the time to file a CDP hearing has expired if they want to have an equivalent hearing to talk about their collection matters.  We have previously blogged, here,

TweetShareSharePin0 Shares Will the Senate pass Build Back Better before ringing in the New Year? Majority Leader Chuck Schumer says there will “more long days and nights, and potentially weekends,” if the Senate is to finish its legislative agenda by the end of the year. Avoiding a Byrd bath? Democrats are  trying to convince the