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Federal Judge Rules Against American Rescue Plan Tax Cuts Mandate

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?

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

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

Deal or No Deal? | Tax Policy Center

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

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

Degrowth: liberation from ‘growthism’: the Tax Justice Network podcast, September 2021

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

Debt Ceiling Drama Continues | Tax Policy Center

TweetShareSharePin0 Shares Biden tries to broker a deal with Hill Democrats. The President is looking at a confrontation with Republicans over the soon-to-expire debt limit. But he’s also got to try to get warring Democrats on the same page. To that end he began a series of meetings yesterday with Democrats representing multiple factions to

Corporate Tax Trends in Europe, 2018-2021

TweetShareSharePin0 Shares Corporate income tax rates have been declining around the world for the last two decades. Today’s map shows the most recent changes in corporate tax rates in European OECD countries, comparing how combined statutory corporate income tax rates have changed between 2018 and 2021. The average tax rate of all European countries covered
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