tax Archive
Spain Digital Services Tax | Spain Determined to Cash in on DST
June 18, 2021
No Comments
TweetShareSharePin0 Shares Six months after the approval of the digital services tax (DST), the Spanish government has finally published regulatory guidelines to implement it. The first digital services tax draft bill was published by the Spanish Council of Ministers in October 2019; in October 2020 an identical draft was published and adopted. Although the digital services tax
A New Federal Holiday Give a New “Last Chance” For Some
June 18, 2021
No Comments
TweetShareSharePin0 Shares 0 Flares
Filament.io
Made with Flare More Info“>
0 Flares
×
Today guest blogger Bryan Camp discuses the implications for tax procedure of the new federal holiday celebrating Juneteenth. National recognition of Juneteenth resulted from a years-long campaign by many including the incredible 94-year old
Puerto Rico Incentives Code 60 (Prior Acts 20/22) Tax Savings
June 18, 2021
No Comments
TweetShareSharePin0 Shares Puerto Rico Incentives Code 60 (Prior Acts 20/22) Puerto Rico & US Tax Puerto Rico Incentives Code 60 for prior Acts 20/20: Many high-net worth Taxpayers are (understandably) upset about the massive U.S. taxes levied on their employment, investment, and corporate income. Sometimes, effective tax planning can help avoid these taxes. The goal
Supreme Court lets health care law stand
June 17, 2021
No Comments
TweetShareSharePin0 Shares The U.S. Supreme Court held on Thursday that several states and other plaintiffs that sued, asking the federal courts to declare unconstitutional the so-called individual mandate in the Patient Protection and Affordable Care Act (PPACA), P.L. 111-148, did not have standing to sue because they could not show that they had suffered or
State Sports Betting Tax Legislation & Trends
June 17, 2021
No Comments
TweetShareSharePin0 Shares With many state legislative sessions wrapping up for this year, and a new fiscal year about to begin, it’s a good time to examine some of the 2021 legislative trends—and sports betting taxes are among the more prominent. This year, 11 states have made changes to sports betting regulation and taxes, and Ohio
Treasury State Tax Cuts Limitation Rule
June 17, 2021
No Comments
TweetShareSharePin0 Shares Last month, the U.S. Department of the Treasury promulgated an interim final rule regarding its implementation of the American Rescue Plan Act (ARPA) provision restricting states’ ability to cut taxes. We previously outlined four questions Treasury needed to answer in its guidance and subsequently analyzed the text of the rule when it was
Nuance in Determining the Taxpayers Last Known Address – Designated Orders, November 2, 2020
June 17, 2021
No Comments
TweetShareSharePin0 Shares There was only one designated order for the week of November 2, 2020 (Reddix-Smalls v. C.I.R., Dkt. # 17975-18L (docket with link here)). In it, Judge Gustafson ruled on whether a petitioner (allegedly) telling an Appeals Officer (AO) of a new address during a telephonic Collection Due Process hearing would legally change the
Value-Added Tax (VAT) Bases in Europe
June 17, 2021
No Comments
TweetShareSharePin0 Shares Today’s post will take a closer look at European OECD countries’ Value-Added Tax (VAT) bases. One way to measure a country’s Value-Added Tax base is the VAT revenue ratio. This ratio looks at the difference between the VAT revenue actually collected and collectable VAT revenue under a VAT that was applied at the standard
A Global Minimum Tax and Cross-Border Investment: Risks & Solutions
June 17, 2021
No Comments
TweetShareSharePin0 Shares Launch U.S. International Tax Reform Resource Center Key Findings The political effort to address profit shifting and limit the benefits of using low-tax jurisdictions to facilitate cross-border investment has focused on adopting a global minimum tax applicable to large multinational corporations. While a global minimum tax could act as a backstop to
The Fate Of Biden’s Corporate Tax Hikes May Rest On Who Voters Think Pay Them
June 17, 2021
No Comments
TweetShareSharePin0 Shares As the partisan battle heats up over President Biden’s ambitious infrastructure plan—and the tax increases to pay for it—the fate of the package will largely be decided by who can best frame its tax hikes. Biden wants to raise taxes on corporations by about $2 trillion, excluding his “green energy” tax credits. The president
