Those of us who have been writing about the federal budgets for too long remember the sad history of presidents trotting out wildly optimistic economic assumptions to explain away growing deficits and debt. It was a tried-and-true way to hide their unwillingness to pay for ambitious spending with too little tax revenue. Former President Trump
Taxes
In this episode of Tax Notes Talk, Tax Notes legal reporter Jennifer McLoughlin and contributing editor Kristen Parillo discuss two important tax cases heard by the Supreme Court: Americans for Prosperity Foundation and CIC Services. This transcript has been edited for length and clarity. David Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This
Coming to a corporate balance sheet near you: multi-jurisdictional complexity. This week, in what must seem like a case of déjà vu, multinationals were once again put on notice that a tax reckoning is on its way. This time, it was the European Union gearing up to sharpen its pencils, as it introduced a plan
Anticipating President Biden’s proposed increase in the capital gains tax rate, taxpayers are deciding whether and how to accelerate gains or how to defer them after an increase for as long as possible. The uncertainty around the timing and extent of the increase, as well as other important details that will need to be established during
Tax collectors are coming after you as never before. This is bad news for a sustainable global economic recovery from the pandemic. U.S. Treasury Secretary Janet Yellen is proposing that countries around the world enact a global minimum corporate tax rate—and this idea is just for starters. Plans are being developed to have global tax