February is rough for the self-employed. It's rough because my 1099 forms — official records of how much my clients paid me last year — arrive in the mail.
I'd like to meet the genius who used "contribution" in place of "mandatory tax liability." He's probably the same guy who calls our nearly $28 trillion national debt an "investment."
As a former English major, I've never been fond of math and accounting. But from February through the April 15 tax deadline I have to do my best at both.
While you're here, how about this:
New Italian Tax Rules May Have Positive Impact on Private Equity Market
Francesco Bonichi of Caiazzo, Donnini, Pappalardo & Associati considers a new tax rule in Italy providing a tax exemption for certain European funds which equalizes their treatment with that of Italian funds; a measure aimed at amending discriminatory tax treatment which had already prompted the European Commission to open an investigation.
The recent 2021 Budget Law (the Budget Law) (Article 1, paragraphs 631-633) provides for the Italian tax exemption of Italian source dividends and qualified capital gains on Italian shares earned by European UCITS (Undertakings for the Collective Investment in Transferable Securities) and qualified AIFs (Alternative Investment Funds). A similar exemption was already in place for Italian UCITS.
Will Bezos bounce?
When Jeff Bezos announced plans to step down as Amazon CEO later this year, critics of a plan to tax the fortunes of Washington state billionaires had a field day. Surely this was a sign that Bezos will leave Washington before forking over billions in taxes, and his elite peers will be close behind him. Right?
* * *
Frame told GeekWire that she doesn't expect Bezos to be subject to the tax, based on estimates from the Department of Revenue.
The Corporate Tax Revolution is Coming—Are We Ready?
Finding a global solution for the taxation of the digital economy has been a primary focus of the Organization for Economic Cooperation and Development (OECD). Mimi Song of CrossBorder solutions considers the hurdles faced in creating such a solution.
Creating a global solution for the taxation of the digital economy is right up there with finding an instant cure for climate change—seemingly impossible. Nonetheless, this has been a primary focus of the Organization for Economic Cooperation and Development (OECD) for a number of years and, with a mid-2021 deadline looming, negotiations are getting down to the wire.
Quite a lot has been going on:
Homes That Sold for Around $750,000 - The New York Times
Each week, our survey of recent residential sales in New York City and the surrounding region focuses on homes that sold around a certain price point, allowing you to compare single-family homes, condos and co-ops in different locales.
The "list price" is the asking price when the property came on the market with the most recent broker. The time on the market is measured from the most recent listing to the closing date of the sale.
Are Dolphins Right-Handed or Left-Handed? - Scientific American
Humans do not act symmetrically. Most of us prefer, and are better at, using one hand rather than the other; balancing on one leg rather than the other; and for those of us who spin (gymnasts, dancers or divers, for example), spinning in one direction rather than the other.
Because each side of the brain controls a different side of the body, studying asymmetrical behaviors can provide us with information about asymmetrical brain function. And if we study this in animals, it may give us insights into brain evolution.
Lobbies for tech sue to overturn Maryland digital tax - Axios
A group of tech industry trade associations sued the state of Maryland Thursday over its newly enacted tax on digital ads targeted at state residents.
Between the lines: Most of the groups backing the suit get extensive tech industry funding and generally fight these battles on behalf of the greater industry. The groups also hope the lawsuit will discourage other states from considering similar measures.
What they're saying: "The premise of the law is deeply flawed. ... [T]he Act will raise costs for consumers and make it more difficult for businesses to connect with potential customers," the lawsuit reads.
NYC Tax Commission subpoenaed by Manhattan DA: reports
Manhattan district attorney Cy Vance's office reportedly issued a subpoena to the New York City Tax Commission, which is responsible for reviewing assessed values of properties.
* * *
Records held by the agency would likely include income and expense statements from the Trump Organization, which the company may have filed in an effort to lower its tax assessments, Reuters reported.
Vance's office has reportedly sought documents related to the value of Trump Organization properties in New York from other sources, too.
No comments:
Post a Comment