Taxes

Jimmy Carter was in hot water. On the eve of the crucial New Hampshire primary, the former Georgia governor had been hoping that a final debate with his Democratic rivals would clear a path to victory. But then he made a serious mistake: He got a little too specific about his plans for tax reform.

The EU platform economy is estimated to generate a substantial €25.7 billion in VAT revenue annually. Given that the e-commerce sector contributes the majority of this revenue (€15.2 billion), it comes as no surprise that bolstering enforcement efforts and simplifying VAT regulations for this sector are central components of two major VAT reforms. On December

Haven’t yet filed your 2022 taxes? Now is your chance. If you missed the April 18 tax deadline to file your 2022 federal income tax return and pay any tax, you should take action by June 14, 2023, to avoid a larger late-filing penalty. Here’s how that works. The IRS typically assesses a penalty when

This week, the golf world was shocked when PGA Tour commissioner Jay Monahan announced that the PGA Tour and the Saudi-backed LIV Golf would merge. The businesses would be combined into a single for-profit entity, including the DP World Tour (the European PGA Tour). It didn’t take long for the reactions to pour in—including from

The Fiscal Responsibility Act of 2023 (H.R. 3746) is a done deal. The federal government avoided a debt default, at least for now. Shortly before President Biden signed the legislation, House Speaker Kevin McCarthy, R-Calif., made an interesting remark. Acknowledging that the new law was a stopgap measure, he proposed a bipartisan commission to explore