Taxes

Robert Goulder and professors Allison Christians and Tarcísio Diniz Magalhães discuss the importance of the OECD’s pillar 2 UTPR (undertaxed profits rule) and its place in international tax law. This transcript has been edited for length and clarity. Robert Goulder: Hello, I’m Bob Goulder, contributing editor with Tax Notes. Welcome to the latest edition of

With Kevin McCarthy (R-CA) becoming Speaker of the House by giving more power to hard-core conservatives, we face a looming crisis when the federal debt ceiling has to be raised later this year. Is there an alternative to a bitter fight and a possible failed vote that could cause a U.S. default? Can the Treasury

Tax Analysts Chief Content Officer Jeremy Scott reviews the 2022 developments in U.S. tax legislation and speculates about what may lie ahead. 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 Today International. This week: 2022 wrap-up. We’re continuing

California storm victims now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA). This means that individuals and households that reside or have a business

The battle to choose a new House Speaker underscores a looming threat to America’s financial stability—a struggle in 2023 over raising the “debt ceiling,” the total amount of money the federal government can borrow. But a potential congressional deadlock could threaten a default on America’s debts, with deep costs to our financial credibility. Newly empowered

The use of third-party payment platforms to easily transfer cash from one person to another is now ubiquitous. Rather than having to split the check at the restaurant or write your buddy a check for those playoff tickets, most Americans “Cash App“ or “Venmo” one another. According to Pew research, 76% of those surveyed have

Inversion regs clarify when a corporation has substantial business activities in a foreign country and describe the calculation of inversion gain. These concepts are pivotal in determining whether an inversion has occurred and, if so, the amount of inversion gain. Reg. section 1.7874-3 defines substantial business activities and reg. section 1.7874-11 provides the calculation of

Today’s Social Security column addresses questions about not having retroactive payments applied at 70, when spousal benefits can be paid to someone receiving their retirement benefit and what happens to disability benefits at full retirement age (FRA). Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security

Owning a small business is daunting, even for people with loads of management experience. Suddenly finding oneself “where the buck stops” can be anxiety inducing. The consequences of failure for some mistakes can affect more than just you (e.g., your staff or even your family) and can be expensive and time consuming to fix. Whether

Once they finally pick a Speaker, the very first bill House Republicans will adopt likely would make it harder for the IRS to help taxpayers file their returns and easier for tax dodgers to cheat. It doesn’t seem like very smart branding, but what do I know? Of course, that’s not how the House GOP