tax Archive
Africa and the corrosive international tax system
May 18, 2021
No Comments
TweetShareSharePin0 Shares By Chenai Mukumba (Tax Justice Network Africa) and Rachel Etter-Phoya (Tax Justice Network) Illicit financial flows punch holes in the public purse across the African continent. Over the past five decades Africa has lost in excess of US$ 1 trillion in illicit financial flows. This amount dwarfed Africa’s receipts of overseas development assistance
Africa and the corrosive international tax system
May 18, 2021
No Comments
TweetShareSharePin0 Shares By Chenai Mukumba (Tax Justice Network Africa) and Rachel Etter-Phoya (Tax Justice Network) Illicit financial flows punch holes in the public purse across the African continent. Over the past five decades Africa has lost in excess of US$ 1 trillion in illicit financial flows. This amount dwarfed Africa’s receipts of overseas development assistance
Microcaptive reporting challenge may go forward
May 17, 2021
No Comments
TweetShareSharePin0 Shares A lawsuit against the IRS’s requirement that taxpayers using certain microcaptive insurance arrangements and their material advisers must report the arrangement to the IRS is not barred by the Anti-Injunction Act and therefore may proceed, the Supreme Court ruled Monday. In a unanimous decision, the Court in CIC Services, LLC, No. 19-930 (U.S.
Supreme Court Reverses the Sixth Circuit in CIC Services – Viewpoint
May 17, 2021
No Comments
TweetShareSharePin0 Shares Today, the Supreme Court handed down a unanimous opinion in CIC Services. The Court holds that the Anti-Injunction Act does not bar a suit challenging a IRS notice that requires a non-taxpayer to provide information even though the failure to provide the information could result in a penalty. Today, we bring an observation
Taxpayers deserve pandemic penalty relief, AICPA says
May 17, 2021
No Comments
TweetShareSharePin0 Shares
News Practice & Procedures By Alistair M. Nevius, J.D. With taxpayers continuing to face challenges related to the COVID-19 pandemic and the IRS facing a backlog of 29 million tax returns that need manual processing, the AICPA on Monday urged the IRS to implement “fair, reasonable, and practical” penalty relief measures to
Incorporating Voter Registration with VITA Services
May 17, 2021
No Comments
TweetShareSharePin0 Shares Today’s guest post is from Vanessa Williamson and Jackson Gode. Vanessa is a Senior Fellow in Governance Studies at Brookings, and a Senior Fellow at the Urban-Brookings Tax Policy Center. Jackson, also at Brookings, is Research Analyst with the Governance Studies program. The post discusses interesting research showing how conducting voter registration drives at VITA sites
It’s Tax Day, Finally and Forever?
May 17, 2021
No Comments
TweetShareSharePin0 Shares The IRS continues processing returns, slowly. Source link TweetShareSharePin0 Shares
Financing Infrastructure Spending with Corporate Tax Increases?
May 14, 2021
No Comments
TweetShareSharePin0 Shares The Biden administration’s American Jobs Plan (AJP) proposal to fund infrastructure spending relies on a bet that the benefits outweigh the costs of a higher corporate tax burden. Using the Tax Foundation model, we find that this trade-off is a bad one for the U.S. economy, resulting in reduced GDP, less capital investment,
SECA and the Limited Partner Exemption Again
May 14, 2021
No Comments
TweetShareSharePin0 Shares 0 Flares
Filament.io
Made with Flare More Info“>
0 Flares
×
Monte Jackel, Of Counsel at Leo Berwick, discusses the absence of guidance or a legislative solution concerning self employment tax for a partner’s income derived from services performed as a partner on behalf of
Business Tax Lessons from Down Under
May 13, 2021
No Comments
TweetShareSharePin0 Shares This week the Australian government released its latest budget proposal and two policies that stand out in its fiscal response to the pandemic should be helpful as the economic engine of the country turns back on. The first is full expensing for some investments and the second is the introduction of a loss
