Policy experts and governments around the world are deeply dissatisfied with the way multinational corporations are taxed, especially big tech companies. The Organisation for Economic Co-operation and Development (OECD) has developed what it hopes will be a two-pronged solution: A global minimum corporate income tax and a tax based on where firms sell their products.
Taxes
Many people could achieve a couple of retirement finance goals by adding a qualified longevity annuity contract (QLAC) to their IRAs. QLACs were created in regulations issued by the IRS in 2014. They’re an IRS-approved way to secure a lifetime stream of income from your IRA, ensuring you never run out of income during retirement.
Law professors Kathleen DeLaney Thomas and Erin Scharff have given us a great tour of tax misinformation in the digital age with Fake News and the Tax Law (available on SSRN), It has never been easier to get accurate tax information than it is now. Unfortunately misinformation is even easier. You don’t have to look
As the year winds down, Congress will need to decide what to do on several tax fronts, including whether to extend more favorable treatment of business research and development investments and to increase benefits for families with children. To better understand what’s at stake, we reviewed both tax breaks and compared their fiscal costs. As
Could things get worse for California’s workers? The bad news is the Golden State just received another ding when it comes to jobs. The news comes on top of the disastrous AB5 law that restricts many people from working as independent contracts if they reside in the state. Its meant that many companies from around