tax Archive
Federal Judge Rules Against American Rescue Plan Tax Cuts Mandate
September 27, 2021
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TweetShareSharePin0 Shares Kentucky and Tennessee won an important legal victory Friday when a federal court ruled that the American Rescue Plan Act (ARPA)’s restrictions on state fiscal autonomy were unconstitutional and enjoined (blocked) the enforcement of those provisions against both states. Specifically, Judge Gregory Van Tatenhove held that the ARPA provision, which limited states’ authority
Which Global Minimum Tax Will We Get?
September 27, 2021
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TweetShareSharePin0 Shares Over the course of the last year, it has become clear that Democratic lawmakers want to change U.S. international tax rules. However, as proposals have surfaced in recent weeks, there are clear divides among various proposals. While President Biden has led a renewed effort on global negotiations over minimum taxation, his own proposals
District Court Reverses Outlying Bankruptcy Court Decision Regarding Discharge of Taxes Following SFR Assessment
September 27, 2021
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TweetShareSharePin0 Shares The case of IRS, et al v. Starling, No. 7:20-cv-07478 (S.D.N.Y. 2021) reverses the bankruptcy case discussed here. The bankruptcy court followed the authority created in the 8th Circuit almost two decades ago. The 8th Circuit’s position is distinctly in the minority regarding how to treat a taxpayer who fails to timely file
Businessman Charged with Streamlined Filing Tax Evasion 2021
September 27, 2021
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TweetShareSharePin0 Shares Another Streamlined Filing Compliance Case Turns Criminal More Streamlined Filing Compliance Cases Turns Criminal Another Streamlined Filing Compliance Case Turns Criminal: At Golding & Golding, our Board-Certified Tax Law Specialist team specializes exclusively in offshore tax and account disclosures. We have represented thousands of Taxpayers across the globe with Streamlined Filing and other
Another Streamlined Filing Case Turns to Criminal Tax Evasion
September 27, 2021
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TweetShareSharePin0 Shares Another Streamlined Filing Compliance Case Turns Criminal Another Streamlined Filing Compliance Case Turns Criminal Another Streamlined Filing Compliance Case Turns Criminal: At Golding & Golding, our Board-Certified Tax Law Specialist team specializes exclusively in offshore tax and account disclosures. We have represented thousands of Taxpayers across the globe with Streamlined Filing and other
White House Average Tax Rates for Wealthy Report Tells Incomplete Story
September 24, 2021
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TweetShareSharePin0 Shares Echoing other reports from this year, the White House Council of Economic Advisors (CEA) published a report Thursday that estimates an approximate average federal individual income tax rate for the top 400 wealthiest households in the U.S of 8.2 percent, lower than typically estimated for top earners. The CEA arrived at a lower
Deal or No Deal? | Tax Policy Center
September 24, 2021
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TweetShareSharePin0 Shares A Democratic framework on a tax plan? Not quite. Senate Majority Leader Chuck Schumer announced yesterday that the Senate, House, and White House have agreed to a “framework” on how to pay for the $3.5 trillion spending package they hope to pass this fall under budget reconciliation. But few lawmakers had even seen
The Law Does Not Forbid a Helpful Internal Revenue Policy
September 23, 2021
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TweetShareSharePin0 Shares Commenter in chief Bob Kamman returns with a colorful story following up on yesterday’s topic of jeopardy assessment. The Fumo case, of course, is small potatoes. If you want a real jeopardy assessment involving a real politician, you have to go back to March 13, 1925, when Internal Revenue assessed James Couzens, United
Low Interest Rates Have Implications for Tax Policy
September 23, 2021
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TweetShareSharePin0 Shares As of this morning, yields on 10-year Treasury bonds stood at 1.33 percent. The yield on TIPS bonds–which are adjusted for inflation–was negative. These astonishingly low returns, occurring even in the presence of a growing economy and rising inflation fears, are not new. Interest rates on government debt have been falling in many
Degrowth: liberation from ‘growthism’: the Tax Justice Network podcast, September 2021
September 23, 2021
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TweetShareSharePin0 Shares Welcome to the latest episode of the Tax Justice Network’s monthly podcast, the Taxcast. You can subscribe either by emailing naomi [at] taxjustice.net or find us on your podcast app. In this episode, Naomi Fowler explores degrowth and how we liberate ourselves from ‘growthism’ with economic anthropologist Jason Hickel. (The full converation will be released soon as a Taxcast
