In case you are keeping track:
Why Corporations Won't Talk About Their Tax Bills: Investors Don't Force Them -
No one wants to talk about tax or, more importantly, take the actions required to tackle the elephant in the room. Tax avoidance is one of the biggest drivers of inequality across the globe. No one can begin to truly tackle this issue without talking about tax.
It's not just the figures that are staggering, but also the lack of social progress to which this deficit in tax revenues directly contributes. Simply put, tax revenues are a driver of equality; they allow governments to provide critical social services, which not only contribute to economic growth but also protect a community's most vulnerable.
Al Cross: List of possible constitutional amendments lengthens (includes new taxes); only four
FED BAR ROUNDUP: Carried Interest, Debt Write-Off Rules Loom
This is a roundup of Bloomberg Tax's two days of coverage from the Federal Bar Association tax conference in Washington. Our reporters were there to bring you news on forthcoming regulations and the agency's audit strategy.
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The IRS plans to clarify a key issue for manufacturers and oil refiners when it finalizes rules on the tax law's debt interest write-off limit under tax code Section 163(J), Lydia O'Neal reports .
The law limited companies' interest deductions to an amount equal to 30% of earnings with certain expenses and deductions added back into the income equation.
Other things to check out:
In-person sports betting to launch March 11 in Michigan, just in time for March Madness -
In this file photo, a new expansion at a New York casino is pictured. Michael Greenlar | mgreenlar@syr
The Michigan Gaming Control Board - which oversees regulations for MGM Grand, MotorCity and Greektown casinos - announced Friday all three casinos had met preliminary requirements to begin onsite sports betting operations beginning at 1 p.m. Wednesday.
The board is expected to give final approval at its next public meeting, scheduled for 9:30 a.m. Tuesday at Cadillac Place in Detroit. The board issued provisional licenses to the casinos' onsite sports betting suppliers and anticipate issuing full licenses in the next several months.
Ranking Republican on Ways & Means: 'Too Early' for Tax Cut Trump Wants | CNSNews
(CNSNews.com) - Rep. Kevin Brady (R-Texas), the ranking member of the House Ways and Means Committee, says it's "too early" for a payroll tax cut, as proposed by President Donald Trump.
The President tweeted on Monday, ""The Democrats in the House should propose a very simple one year Payroll Tax cut. Great for the middle class, great for the USA!"
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One, certainly, three to six months from now, we will see our small- and medium-sized businesses that may have some capital-type issues because of this health care challenge. We don't know that yet.
How the Mega-Rich Avoid Paying Taxes | Smart Change: Personal Finance | elkodaily.com
It is rumored that some of the wealthiest Americans manage to pay less in taxes than some of their employees. They achieve this by one of two methods: doing their own financial and tax planning or paying someone to do it for them. Simple, isn't it?
The point is that the rich are able to avoid taxes through legal processes. Some mega-rich may use sketchy methods to avoid taxes, and everyone's definition of sketchy is different. However, most of the mega-rich use superior understanding of the tax laws to take advantage of all of the legal methods available to reduce their taxes. Here are just a few of those methods.
IRS to Use Data to Target Partnerships At Risk of Breaking Rules
The IRS is developing a program to use data analytics to target large, complex partnerships that are most at risk of running afoul of tax laws and regulations.
The program will be comparable to the agency's large corporate compliance program, said Nikole Flax, deputy commissioner of the Large Business & International Division. Under that program, which was announced in May 2019, the IRS uses data analytics to automatically target big companies with a high risk of compliance issues surfacing during an audit.
Happening on Twitter
Presentation of INEC Comments on the Bill for an Act to Amend the Electoral Act(No.6)&other related matters by Prof… https://t.co/Y0daTXyPbe inecnigeria (from Nigeria) Thu Mar 05 11:54:22 +0000 2020
Overview of the Bill for Act to amend the Electoral Act (No.6) 2010 and other related matters, 2019. by Deputy Sena… https://t.co/Gy2niirFEm inecnigeria (from Nigeria) Thu Mar 05 11:30:36 +0000 2020
Bill from @carterforva capping insulin insurance co-pays at $50 a month passes General Assembly https://t.co/29qJNXzAIy WAVY_News (from Hampton Roads, Va.) Fri Mar 06 17:19:44 +0000 2020
Good show @shazbkhanzdaGEO! Pl could u also ask why govt is sitting on my Child Marriage Restraint Bill in the Nati… https://t.co/HPzHzEg30I sherryrehman (from Pakistan ❤️) Fri Mar 06 12:32:48 +0000 2020
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