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Dear Senators Crapo And Grassley: Synthetic Tax Data Protect Taxpayer Privacy

TweetShareSharePin0 Shares Senators Mike Crapo (R-ID) and Chuck Grassley (R-IA) recently asked for an investigation into the Internal Revenue Service’s research activities, including its use of contractors to conduct studies and its  security protocols. The senators are right to be concerned about taxpayer privacy, especially after ProPublica’s recent articles about the tax situations of very

Impact of National Tax Reforms on the EU Economy

TweetShareSharePin0 Shares Note: The following is the testimony of Daniel Bunn, Tax Foundation Vice President of Global Projects, prepared for a EU Parliament Subcommittee on Tax Matters hearing on October 11, 2021, regarding the impact of national tax reforms on the EU economy. Thank you for the opportunity to testify today. My name is Daniel Bunn, and I am

A New Global Minimum Corporate Tax

TweetShareSharePin0 Shares OECD reaches deal on global minimum corporate tax. The Organization for Economic Cooperation and Development (OECD) announced Friday that its group of developed nations agreed to a global minimum corporate tax rate of 15 percent. The deal, according to the OECD, will ensure that 100 of the largest multinational companies pay a fair

Should Tax Policy Play a Role in Tobacco Harm Reduction?

TweetShareSharePin0 Shares Following the release of the House Democrats’ proposed Build Back Better Act, federal tobacco and nicotine taxation has been a hot topic in the United States. In an effort to raise roughly $100 billion, the House proposal would double cigarette taxes and increase all other tobacco and nicotine taxes to comparable rates—a strategy

Informal Refund Claim Allowed

TweetShareSharePin0 Shares In Johnson v. United States, No. 2:19-cv-01561 (E.D. Cal. 2021) the district court finds that taxpayers’ correspondence with the case advocate in the Local Taxpayer Advocate’s (LTA) office provided a sufficient basis for determining that an informal claim existed.  The taxpayers sought to have the correspondence serve as an informal claim for both

Immigrant Parents Are Less Aware of Child Tax Credit Than US-Born Parents and More Likely to Plan to Use It to Invest in Education, Fill Gaps in Child Care and Health Care

TweetShareSharePin0 Shares Immigrant parents are less likely to have heard about the expanded child tax credit (CTC) than parents born in the United States, according to a survey conducted in early July. They’re more likely to see the credit as a way to invest in their children’s education and pay for child care and health

Crypto Tax Provision May Prompt Investors to Push Industry for More Compliance Help

TweetShareSharePin0 Shares The congressional debate over new tax compliance measures for cryptocurrency investors has primarily focused on two issues—the potential to raise new revenue and what parts of the industry may be reclassified as “brokers” who must transmit data on customer gains and losses to the IRS. But the bipartisan infrastructure bill seeks to do

Transcript Updates

TweetShareSharePin0 Shares The IRS has recently made some updates to the format of transcripts.  The National Taxpayer Advocate describes the updates in a two part blog series you can find here and here.  If you have been wondering why the transcript appearance you have grown accustomed to viewing is different, read the posts to gain

Recent Changes in Top Personal Income Tax Rates in Europe, 2021

TweetShareSharePin0 Shares In 2019, revenue from personal income taxes made up 24 percent of total tax revenue across OECD countries. Countries tax labor income in various ways through payroll taxes, personal income taxes, and, in some cases, surtaxes. Between 2018 and 2021, eight European countries in the OECD changed their top personal income tax rates. Of these eight countries, four

Refining the Tax Court’s Jurisdiction in Passport Cases

TweetShareSharePin0 Shares The case of Garcia v. Commissioner, 157 T.C. No. 1 (2021) provides clarity and guidance on the Tax Court’s jurisdiction in passport cases as the Court issues a precedential opinion to make clear some of the things that can and cannot happen in a contest regarding the certification of passport revocation.  I did
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