Treasury Department Archive
“Try To Remember The Kind Of September…”
July 27, 2022
No Comments
TweetShareSharePin0 Shares “When life was slow and oh so mellow…” The Senate easily cleared the way for a vote later this week on a $52 billion bill to encourage US production of computer chips. The measure also includes a temporary investment tax credit for chip makers and more than $200 billion in other tech-related funding.
Despite Controversy, Detroit City Council Approves $60 Million In Property Tax Breaks
July 27, 2022
No Comments
TweetShareSharePin0 Shares Despite Controversy, Detroit City Council Approves $60 Million In Property Tax Breaks Source link TweetShareSharePin0 Shares
The Weekly (Tax)Buzz – July 27th, 2022
July 27, 2022
No Comments
TweetShareSharePin0 Shares The Weekly (Tax)Buzz – July 27th, 2022 If you feel like the news is tough to keep up with these days, you aren’t alone. Every week, we publish a curated list of some of the top articles in tax and finance. Tune in every Wednesday to read the latest thought leadership pieces from
Superstar Shakira Rejects Prosecution Deal, Faces Huge Tax Trial
July 27, 2022
No Comments
TweetShareSharePin0 Shares Latin music superstar, Shakira, is facing a tax trial in Spain after rejecting prosecutors’ deal. The singer’s legal woes began quite some time ago — a July 2021 Newsweek article outlines the tax evasion allegations she is facing in Spain: Judge Jesús Juberías, who made this ruling after a three-year investigation, noted that
Push for Higher Taxes is Misguided Amid Inflation, Looming Recession
July 26, 2022
No Comments
TweetShareSharePin0 Shares Efforts to raise taxes on corporations and high-income earners recently hit a brick wall when U.S. Senator Joe Manchin (D-WV) once again expressed concerns about inflation and a potential recession. That would seem to be the end of the story, as there is no reason to think inflation will be going away anytime
Corporate Tax Cuts Effects: Research & Analysis
July 26, 2022
No Comments
TweetShareSharePin0 Shares When thinking about tax policy, economists typically distinguish between the short run and long run. While there might be temporary boosts to the economy in the short term from a tax cut due to increased incomes, changes in tax policy alter the incentives to work, save, and invest, which can produce benefits to
Charity Care and Tax Cut Promises
July 26, 2022
No Comments
TweetShareSharePin0 Shares How much charity care do nonprofit hospitals provide? A Wall Street Journal analysis (paywall) finds that nonprofit hospitals, registered as charitable organizations because they are charted to support their communities, wrote off 2.3 percent of their patient revenue as “charity care.” But their for-profit competitors wrote off 3.4 percent. The analysis excludes other
Beer Taxes in Europe, 2022 | Beer Excise Tax Rates
July 26, 2022
No Comments
TweetShareSharePin0 Shares ’Tis the season to crack open a cold one. Ahead of International Beer Day on August 5th, let’s take a minute to discover how much of your cash is actually going toward the cost of a brew with this week’s tax map, which explores excise duties on beer. EU law requires every EU
Trial of Top New Orleans Prosecutor Becomes “Disjointed, Raucous”
July 26, 2022
No Comments
TweetShareSharePin0 Shares Top New Orleans Parish District Attorney Jason Williams is facing federal charges for $200,000 in tax fraud. The former top prosecutor’s trial officially began with jury selection on Monday, July 18. Opening statements occurred on Tuesday, July 19, with Williams’s tax preparer, Henry Timothy — now an admitted party to tax fraud on
Essential Tax Tips For Retired Teachers
July 26, 2022
No Comments
TweetShareSharePin0 Shares With a new school year just around the corner across the United States, some teachers won’t be returning to the classroom this year. According to EdSource, nearly 13,000 teachers retired after the 2019-2020 school year, and projections indicate that even more educators will retire annually moving forward. Per the education website’s report, the
