Taxes

Tax Notes contributing editor Ryan Finley provides an overview of amount B from pillar 1 of the OECD’s two-pillar corporate tax reform plan and discusses the fundamental dispute over it. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes

I hate having the first thing I hear about a fantastic scheme to be that the IRS is onto it. That is what happened with the “copyrighted non-grantor irrevocable complex discretionary spendthrift trust” which sprinkled tax fairy dust on your assets so that no taxes need be paid on capital gains and other investment income.

Users of tax prep websites in seven states have filed a class action lawsuit against Google GOOG , LLC, claiming the company engaged in wiretapping. According to court documents, the company’s actions allegedly resulted in the involuntary transmission of sensitive personal information including income, refund amounts, filing status, and scholarship information. Google Analytics According to

Australia is reeling from a billion-dollar TikTok tax fraud scheme. Apparently, social media influencers helped entice nearly 60,000 people to claim fraudulent refunds on goods and services taxes that they never actually paid. The social media posts reportedly promised that the refunds were like a temporary loan from the government, but that turned out to

The ERC is a refundable tax credit designed for businesses who continued paying employees while shut down due to the COVID-19 pandemic or who had significant declines in gross receipts from March 13, 2020, to Dec. 31, 2021. That’s a limited period, but businesses can typically file claims for the credit until April 15, 2025.