June 2021

The results are consistent with those of previous studies comparing property tax rates, but come at a time of great anxiety for many homeowners: Much like Cook County appraiser Fritz Kaegi is reassessing city properties. from Chicago. Over…

Many employers maintain formal or informal severance policies or practices that they use sporadically. Other employers may implement a severance package for a limited period of time to reduce the number of employees overall or within a job…

On Friday, June 25, the government extended the deadlines for various tax obligations. Taxpayers can make payments until October 31 with the additional amount of interest. The deadline for employers to provide a Withholding Tax…

The Biden administration is exploring multiple ways to pay for its $1.8 trillion "American Families" plan. One change being considered involves the tax code's century-old rule known as the 1031 tax exchange, which the administration says…

A temporary gas shortage, caused by a hacking attack, over much of the east coast last month and fear of rising inflation have caused some people to wonder if the 70s are back. The Bureau of Economic Analysis report released last…

Illinois Governor JB Pritzker enacted various bills on June 17, including the State Budget Bill, SB 2017 (Budget Bill), which contains several provisions intended to increase revenue. Other bills passed by both the Illinois Senate and…

HM Revenue & Customs (HMRC) has been called upon to explain why its online IR35 status checker remains unable to decide how hundreds of thousands of contractors should be taxed, months after the rollout of IR35 reforms in the private…

MANILA, Philippines - The Philippines has avoided being flagged as a "harmful" tax economy by a global policy forum for enacting a law that eliminates preferential rates on regional operating headquarters (ROHQ).…

Ransomware payments are deductible, tax experts say. This is the shocking finding of a recent survey.It's even more grist for the mill not to pay ransoms. Looks like the FBI and IRS should talk to each other...statistical.There is no…

BRUSSELS: World financial leaders will approve an agreement on July 9 and 10 setting a global minimum corporate tax and call for completion of technical work so they can approve the implementation framework in October, their draft plan…

It goes without saying that many Americans have made the switch to working from home for the first time due to the global pandemic. Such a change in the way businesses and employers operate has led to a delicate public policy!-->!-->…

New Texas A&M Agriculture and Food Policy Center (PSAC) to study US Senate legislation calling for capital gains and inheritance tax changes would take a heavy toll on family farms.The PSAC maintains a database of 94 representative…

Jeff Bezos' wealth grew by $99 billion between 2014 and 2018. New ProPublica report shows he paid less than 1 percent of that in income taxes. Our research shows that although people don't like the wealthy paying so little tax, the tax…

Jeff BezosJeffrey (Jeff) Preston Bezos The Case for Billionaire Income Tax Democrats seek to keep billionaire tax in spending bill Matt Stroller: Amazon's Bezos likely lied under oath to Congress MOREWealth grew by $ 99 billion between 2014…

Matthew X. RollingOver the past few decades, wealth inequality in our country has begun to spin out of control.I believe one of the main culprits is the US tax code. When you take a big step back and take a look at our tax laws, they seem…

BATON ROUGE - With billions of dollars in federal aid for COVID-19, lawmakers in Louisiana tackled several big issues this spring and made progress on simplifying the tax code, supporting education and l broadening of criminal justice…

Over the past few days, the headlines have been dominated by a story that is seen by many as a historic revelation of tax evasion by the world's billionaire class. The reality, however, is much less sensational. The!-->!-->…

During today's hearing before the Senate Finance Committee, U.S. Senator Elizabeth Warren (D-Mass.) Asked Treasury Secretary Janet Yellen about the need for significant reforms to the U.S. tax code system . The exchange follows the…

MANILA, Philippines - The Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) support amendment of a provision in the Tax Code relating to the tax treatment of private schools and hospitals, provided that no refund is made…

The Income Tax Department on Monday allowed manual filing of the 15CA and 15CB tax forms, used for sending foreign funds, as technical issues disrupt the new tax portal even after a week of its launch. Users have been…

Internal Revenue Service data obtained by ProPublica and published last week shows in black and white how rigged the US tax code has become towards the wealthy. The data, sent anonymously to the Independent Bureau of Investigation, shows…

It's a tantalizing headline from investigative journalism group ProPublica: "IRS Secret Files:…

A ProPublica Report published this week documents how some of the richest Americans are taking advantage of legal loopholes to avoid paying federal income taxes. As the report focused on billionaires like Jeff Bezos and Elon Musk,…

Facebook's decision to allow staff to work from abroad will not change their tax status in Ireland, the social media company said after opening up remote work to people at all levels of the organization.…

Article 54.1 of the Tax Code of the Russian Federation turned out to be quite controversial…

(KNSI) - The state of Minnesota brought in $1.796 billion more than expected in tax revenue during the month of May. Minnesota's Office of Management and Budget released its May report Thursday, saying the state's general fund net…

In a report presented as a "bomb", an investigative media ProPublica succeeded at access and publish private tax returns thousands of the richest people in the country. They claim the data "demolishes"…

The deadline to apply for free identity protection services for Vermonters who filed for unemployment insurance last year is fast approaching.Since February, the state has offered services to Vermonters who filed for unemployment insurance…

Amazon founder Jeff Bezos was worth around $18 billion in 2011, but he paid no federal income taxes that year. The investment losses exceeded any income he received, leaving him with a zero income tax bill. At the same time, his lack of…

Do you still work from home? Lots of people have at some point over the past year and a half. Working from your kitchen table instead of your desk could impact where your taxes go if a bill…

WASHINGTON (AP) - The rich are really different from you and me: they are better at dodging the tax collector. Amazon founder Jeff Bezos paid no income tax in 2007 and 2011. Tesla founder Elon Musk's income tax bill was zero in…

NEW YORK CITY - Former New York Mayor Michael Bloomberg recently avoided paying federal income tax despite being one of the richest people in America, according to a new report from ProPublica.Secret tax records obtained by ProPublica show…

On May 26, 2021, the Senate Finance Committee Advanced the Clean Energy for America Act (S1298, 117th Congress) to the full Senate on a party line vote. The legislation, which is a component of President Biden's decision Rebuild better…

The horror of the remains of 215 children found at Kamloops Indian Residential School has opened, or reopened, a wound in Canadian society. It reminded us of the birth defect in the history of this country, the cultural genocide of…