Articles
Race to the bottom: Yellen makes case for global minimum tax rate
The US Treasury secretary says a global minimum corporate tax
rate will ensure firms pay their fair share — but critics say
it’s not that simple. Read More.
IRS Is Catching Crypto Tax Cheats Via John Doe Summons
The IRS is actively hunting for crypto tax cheats by demanding
cryptocurrency exchanges release user information through “John
Doe” summons. Read More.
More Than 50 Major U.S. Corporations—Including Nike And
FedEx—Paid No Federal Taxes Last Year
Benefitting from Trump-era tax cuts and capitalizing on loopholes
in the tax code, at least 55 prominent U.S. companies paid $0 in
federal corporate income taxes in 2020 on billions of dollars in
profits, according to a report published Friday by the Institute
on Taxation and Economic Policy. Read More.
Yellen to urge global minimum company tax to stop venue-hopping
Treasury Secretary Janet Yellen will argue Monday for a global
corporate minimum tax rate as she pushes President Joe Biden’s
plans to raise levies on U.S. companies, a person familiar with
her remarks said. Read More.
Biden admits tax hike could hit people earning $200K
WASHINGTON — President Biden on Friday admitted that his $2
trillion infrastructure plan would bring tax increases to some
people who earn $200,000 — while insisting that a separate hike
on businesses “will not slow the economy at all.” Read More.
Biden corporate tax hike could hit middle-class Americans –
here’s how
White House billing the American Jobs Plan as a
once-in-a-generation infrastructure fix Read More.
For The 99.5 Percent Act - What It Is, What It Does And What To
Do About It.
On March 25, 2021, Senator Bernie Sanders (I-VT) and Senator
Sheldon Whitehouse (D-RI) introduced the “FOR THE 99.5 PERCENT
ACT” which will dramatically and historically change estate
planning by reducing the federal estate and gift tax credits… Read More.
Elon Musk may build Tesla’s future with high school graduates
Austin, Texas’ Gigafactory is recruiting for 10,000 roles Read More.
82 unions and liberal groups call on Biden to create wealth tax
Scores of unions and liberal advocacy groups pressed President
Biden to raise taxes on the wealthiest Americans to help pay for
his sprawling infrastructure plan, which he is set to roll out
later Wednesday. Read More.
The Chairman’s Report April 2, 2021
Most of us recall how we felt when we were kids and started to
make our own money. Read More.
Why the World’s Container Ships Grew So Big
As global trade has grown, shipping companies have steadily
increased ship sizes — but the Suez Canal blockage showed that
bigger is not always better. Read More.
Biden Cancels $1.3 Billion Of Student Loans — His Plan For
Student Loan Cancellation Is Becoming Clear
President Joe Biden just cancelled $1.3 billion of student loans,
and his plan for student loan cancellation is becoming clear. Read More.
Biden’s $2T infrastructure plan to be funded by corporate tax
hike proposal
White House claims “once-in-a-century capital investment” will
create “millions” of good-paying jobs Read More.
IRS extends more tax deadlines until May 17
The Internal Revenue Service responded Tuesday to calls for
extending more tax deadlines by giving taxpayers until May 17 to
make IRA and HSA contributions and file some refund claims. Read More.
Estimated Tax Payments - Don’t Sweat The Small Stuff
The decision by the IRS to extend the initial filing due date of
individual tax returns to May 17 was mostly a good thing. Maybe
not as good a thing as the extension to July 15 in 2020, but it
was something. Read More.
