The big retirement bill that the House passed this week, known as Secure 2.0, has several provisions that would mean more taxpayers can get Roth money into their nest eggs—and in some cases mandates Roth contributions. That’s a big deal because the tax consequences of whether you have pre-tax or Roth accounts are significant, and
Taxes
How to tax the rich? Let us count the ways. New taxes on capital income? Higher income tax rates? A wealth tax? Some mash-up of all these ideas? All aim to raise taxes on the very rich, driven by the twin desires to boost revenue and address growing wealth inequality. But while these taxes may
Let’s talk about Rev. Proc. 2015-41, 2015-35 IRB 263. In case anyone has forgotten, this guidance provides details on the procedures for requesting and obtaining an advance pricing agreement from the IRS’s advance pricing and mutual agreement program. The scope of the guidance includes the processing of applications, negotiation of agreements, verification of compliance, and
This week, New York Governor Kathy Hochul announced a new $1.4 billion stadium, fueled by substantial state and local subsidies, for the Buffalo Bills National Football League (NFL) team. But the stadium will cost taxpayers money, take away funds from investments that actually could help the economy, and produce little if any net economic gain
Marlene Nembhard Parker and Fabrizia Lapecorella discuss their partnership as the first co-chairs of the OECD inclusive framework on base erosion and profit shifting and speculate on the future of women leading international tax. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in