Treasury Department Archive
Reviewing the Academic Literature on Profit Shifting
June 22, 2021
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TweetShareSharePin0 Shares Note: This is a preview of the full article originally published by Tax Notes. To read the full article, click the download links above. Brief Summary In recent years, significant unilateral and global efforts have been made to address the issue of profit shifting. However, reviewing the academic literature on profit shifting, one finds
Waiting, Wondering, and Watching | Tax Policy Center
June 22, 2021
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TweetShareSharePin0 Shares President Biden awaits more details on bipartisan infrastructure bill. The White House continues to support either reconciliation or other legislation to advance its priorities. But it seems to cooling to the still-developing bipartisan Senate plan. White House spokesman Jen Psaki said the bipartisan package lacks sufficient detail, including specifics about how to pay
Eight Ways to Compare the Biden Proposals to the Global Minimum Tax
June 21, 2021
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TweetShareSharePin0 Shares Recent discussions of a global minimum tax may lead many to believe that there is just one proposal being discussed for the world. That is not the case. While President Biden has led a renewed effort on global negotiations over minimum taxation, his own proposals for U.S. companies differ significantly from proposals that
Summertime, And The Legislating Won’t Be Easy
June 21, 2021
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TweetShareSharePin0 Shares How shall we pay for an infrastructure plan? Source link TweetShareSharePin0 Shares
Semiconductor Manufacturing | Semiconductor Tax Credit Proposal
June 18, 2021
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TweetShareSharePin0 Shares A bipartisan group of Senators introduced the Facilitating American-Built Semiconductors (FABS) Act this week to create a permanent 25 percent investment tax credit for investments in semiconductor manufacturing equipment and construction of related facilities—but their proposal would not address underlying bias against investment that exists in the tax code today. Rather than provide
Spain Digital Services Tax | Spain Determined to Cash in on DST
June 18, 2021
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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
Another Ruling, Another Rejection, And More Projections
June 18, 2021
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TweetShareSharePin0 Shares The Affordable Care Act survives another US Supreme Court challenge. The High Court ruled yesterday that Congress did not invalidate the 2010 health insurance law when it repealed the penalty/ tax on those without insurance. The Court said Republican-led states that sued did not have legal standing to bring the challenge. Today’s
State Sports Betting Tax Legislation & Trends
June 17, 2021
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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
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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
Infrastructure, Inflation, Leaks, and Challenges
June 17, 2021
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TweetShareSharePin0 Shares Bipartisan infrastructure bill gets more backing. Source link TweetShareSharePin0 Shares
