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Sen. Manchin Open to Billionaires Tax to Fund Domestic Spending Bill
Taxation
Sen. Joe Manchin (D-W.Va.), a pivotal vote in the Senate, appears to be open to a tax on billionaires’ assets to fund the…
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IRS Reminder: Time to Renew PTINs
Taxation
The IRS has issued a reminder that all Preparer Tax Identification Numbers (PTINs) will expire on Dec. 31, 2021, and must…
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IRS Announces Revamped Process for Updating FAQs for New Tax Legislation
Taxation
The IRS announced on Friday that it will update its process for posting frequently asked questions (FAQs) about new tax…
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Washington State's High Court Upholds Tax on Big Banks
Taxation
The Supreme Court of Washington state unanimously upheld a state tax on big banks on Thursday, AP reported. The 1.2…
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Lawmakers Negotiating Taxes to Support $3.5T Budget Plan
Taxation
Business Insider 35 percent rate debating changes the global intangible low-taxed income (GILTI) system Fortune will not…
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Treasury Official Says Proposed $1M Capital Gains Threshold Would Be Same for Both Couples and Individuals
Taxation
Accounting Today proposal
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House Passes $3.5T Budget Blueprint
Taxation
Wall Street Journal to CNBC
Read More
White House Hesitant to Support First U.S. Carbon Border Tax
Taxation
Reuters
Read More
U.S. Proposes 15 Percent Global Minimum Corporate Tax During OECD Negotiations
Taxation
A May 20 proposal by the Biden Administration to set a global minimum corporate tax of 15 percent has garnered a mostly…
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