Articles
Tech news: Avalara closes latest acquisition, and more
Avalara, provider of tax automation software, has closed the
acquisition of Inposia Solutions, a German company that makes
e-invoicing and digital tax-reporting solutions. Inposia also
provides system and data integration to support digital
transformation efforts and business compliance requirements.
Terms of the deal were not disclosed. Read More.
US sanctions Chinese computer makers in widening tech fight
The latest penalties block access to U.S. technology for
researchers and manufacturers that build supercomputers used by
the Chinese military Read More.
Judge to hear arguments on whether Dakota Access pipeline should
continue operating without a permit
Shutting down the pipeline ‘only hurts working families and
American consumers,’ trade group says Read More.
Tech Companies To Be Hit With Multiple New Taxes
Tech companies are likely to be hit with tax rises this year as a
series of new proposals are muted by multilateral organizations. Read More.
The Chairman’s Report April 9, 2021
In many languages and over hundreds of years, people have agreed
that the way to tell if politicians are lying is to see if their
lips are moving. Read More.
Billionaire Enclave New York City Reportedly Set To Have HighestIncome Tax Rate In The Country
Top earners in New York City—one of the biggest billionaire
enclaves in the world—are reportedly on track to pay the highest
combined local tax rate in the country. Read More.
Vietnam unveils tools for taxing and tracking Big Tech
Hanoi targets Alibaba, Netflix and Amazon with pair of new
regulations Read More.
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.
