Treasury Department Archive

Is today a turning point against corporate tax abuse?
June 4, 2021
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TweetShareSharePin11 Shares This is an extended version of the op-ed recently published in the Guardian. The G7 countries have the chance to strike the biggest blow in a century against the tax abuse of multinational companies. Top line agreement this today would allow the OECD to deliver a full deal over the coming months on

Some Corporations Pay Zero Federal Income Taxes
June 3, 2021
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TweetShareSharePin22 Shares President Biden has privately pitched dropping his proposed 28 percent corporate tax rate from an infrastructure package and funding it through his proposed minimum tax on corporate book income. However, the proposal for a minimum book tax misunderstands the important reasons why a corporation may not owe federal tax liability in a given
Biden Child Tax Credit Changes and More Head Sniffin’
June 3, 2021
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TweetShareSharePin0 Shares President Biden’s newly released budget and the Treasury Department’s “Green Book” of revenue proposals outlines a vision of more spending administered through the tax code. The proposals have revived the debate over the proper role of spending in the tax code, and relies on the Internal Revenue Service (IRS) to further expand beyond

Ohio Budget Proposals: Ohio Income Tax Reform
June 3, 2021
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TweetShareSharePin0 Shares Ohio is one of a growing number of states which experienced revenue increases despite the economic slowdown from the coronavirus pandemic and is now looking to return some of that through tax relief. (See analysis of Arizona, Kansas, Louisiana, Montana, and Oklahoma). The question for Ohio legislators is, how best to do that?

The Tax Justice Network’s French podcast: Colleter les ressources et les redistribuer: De enjeux nouveaux pour la justice fiscale #28
June 3, 2021
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TweetShareSharePin0 Shares Pour cette 28ème édition de votre podcast en français sur la Justice Sociale et fiscale en Afrique et dans le Monde, nous parlerons du Cameroun. Le pays est riche en ressources du sous-sol, et pourtant, ses populations ne perçoivent pas toujours le bénéfice de cette richesse. La question du partage des revenus miniers

The Tax Justice Network’s French podcast: Colleter les ressources et les redistribuer: De enjeux nouveaux pour la justice fiscale #28
June 3, 2021
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TweetShareSharePin0 Shares Pour cette 28ème édition de votre podcast en français sur la Justice Sociale et fiscale en Afrique et dans le Monde, nous parlerons du Cameroun. Le pays est riche en ressources du sous-sol, et pourtant, ses populations ne perçoivent pas toujours le bénéfice de cette richesse. La question du partage des revenus miniers

Interest Grows in Combining Voter Registration With Tax Filing
June 3, 2021
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TweetShareSharePin0 Shares What if millions of state or federal income tax filers had the opportunity to register to vote or update their voter registration at the same time they filled out their tax returns? For years, I’ve studied the potential effect of letting people register when they file their income tax returns – and recently

European Countries with a Carbon Tax, 2021
June 3, 2021
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Carbon taxes can be levied on different types of greenhouse gases, such as carbon dioxide, methane, nitrous oxide, and fluorinated gases.

How Tax Pros Implement Tax Planning
June 3, 2021
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TweetShareSharePin0 Shares Welcome to June, #TaxTwitter! Now that the May 17th tax filing deadline has passed, we can start picking up some conversations that we’ve had on the back burner over the last few months. In this June #TaxBuzzChat – hosted on our Twitter account @TaxBuzzOnline – we invited pros across the country to join us

State Pension Funding: State Pension Plan Finances
June 2, 2021
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TweetShareSharePin0 Shares Although most states are on solid financial footing following the coronavirus crisis, pension liabilities are a deep-seated problem that long predates the pandemic. The most recent data from Truth in Accounting (which analyzes government accounting data from every state) shows the strain on state retirement systems in 2019 as pension funds strive to keep pace