Yvette Lind, an assistant professor of tax law at Copenhagen Business School, talks about how the coronavirus pandemic hurt gender equality and offers possible tax solutions. The post 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 week: gender equality and
Taxes
In capital markets, it could be argued that nothing is hotter right now than a special purpose acquisition company (“SPAC”). Whether SPACs are the way of the future or just another fad, they are booming at the moment and the subject of many conversations. Much has been written on SPACs, but little to no ink has been
As promised, the Internal Revenue Service has rebooted its Get My Payment tool, so as of today, taxpayers can check the status of the $1,400 stimulus payments (Round 3) that are part of the $1.9 trillion Covid relief package President Joe Biden signed into law last Thursday. That doesn’t mean you’ll get the answer you’re
A good global minimum tax would target stateless income. Professor Reuven S. Avi-Yonah recently stated that the “global intangible low-taxed income regime is the best part” of the Tax Cuts and Jobs Act. While I couldn’t disagree more, perhaps this should be read in light of the suggestions for improving the TCJA that constitute the majority of Avi-Yonah’s article. After
With the passage of President Biden’s $1.9 billion relief package, which includes substantial aid to states and cities, some commentators think Covid-19 threatened city budgets are now safe. But the welcome relief package is a one-time revenue injection and cities still face several budget dangers. Municipal bond rating agencies reacted positively to the bill. Moody’s Investor Services changed their
President Biden signed the American Rescue Plan into law on Thursday, March 11, 2021. The law provides $1.9 trillion of tax and financial relief to businesses and individuals and includes a provision that makes a taxpayer’s first $10,200 of unemployment compensation (UC) non-taxable at the federal level. Many taxpayers who were waiting to see if
Today’s column addresses questions about how far in advance you can apply to begin Social Security retirement benefits, whether new income will increase benefits and the ability to delay retirement benefits while receiving survivor’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc,
Tucked inside the American Rescue Act is a tax change that has big implications for tax revenue and the gig economy. Starting for tax year 2022, many contractors with gig economy companies like Uber UBER , DoorDash and Lyft LYFT will be getting 1099 forms when they previously wouldn’t have. The end result is that
The 100% COBRA subsidy in the $1.9 trillion American Rescue Act means that more than 2 million laid off Americans will have the option to extend their workplace healthcare insurance for free—temporarily. The U.S. government will pay the full cost of workplace healthcare premiums for laid off workers from April 1 through the end of
Every once in the while the IRS comes out with something that may cause beleaguered tax preparers to breathe a sigh of relief. This just in, which is short enough to reproduce in full. IRS Statement – American Rescue Plan Act of 2021 The IRS is reviewing implementation plans for the newly enacted American Rescue