Friday, November 26, 2021

Build Back Better: What The House Version Might Mean For Taxes

Minimum Tax on Book Income : This part of the proposal, which could be called the 'Amazon Tax', is to impose a 15% minimum tax on corporations with book income of over $1 billion. Accounting principles allow differences in what is reported for book purposes and what is reported for tax.

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Publisher: Forbes
Date: 2021-11-26
Author: Leon LaBrecque
Twitter: @forbes
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Google to pay £183m in back taxes to Irish government | Google | The Guardian

Firm's subsidiary in Ireland agrees to backdated settlement to be paid in addition to corporation tax for 2020

Google did not explain the reason for the back tax payment in its accounts and did not respond to request for comment. In the filing it said only: "Subsequent to year-end, the company agreed to the resolution of certain tax matters relating to prior years.

Publisher: the Guardian
Date: 2021-11-25T17:54:48.000Z
Author: https www theguardian com profile rupertneate
Twitter: @guardian
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Taxes, oil prices, Gateway and COVID: No easy answers at Sherrill town hall | Morristown

The bi-partisan federal infrastructure bill has been passed by the House of Representatives, COVID-19 infections are on the rise, the SALT tax fix is not a done deal, and oil prices are surging again. Is there an end in sight?

We’re inching closer, according to a virtual town hall meeting hosted Tuesday by Rep. Mikie Sherrill (D-11th Dist.)

Author: Morristown Green Contributor
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Opinion: State defends its right to cut nonexistent taxes | Juneau Empire
Publisher: Juneau Empire
Date: 2021-11-25T02:30:00-09:00
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The politics of carbon taxes versus clean energy subsidies | TheHill

Economists on both the left and the right tend to favor carbon taxes as the most efficient way of addressing global warming. In contrast, politicians on both the left and the right are reluctant to embrace this approach, due to a perception that carbon taxes are highly unpopular.

Publisher: TheHill
Date: 2021-11-25T12:00:11-05:00
Author: Scott Sumner Opinion Contributor
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E-cigarettes cause harm, and higher taxes on them make sense - Chicago Sun-Times

Upton Sinclair once said, "It is difficult to get a man to understand something when his salary depends upon his not understanding it.

Mr. Karr implied he was very concerned that tobacco users in our state won't be able to wean themselves from the product because of congressional action to impose higher taxes against e-cigarettes.

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Publisher: Chicago Sun-Times
Date: 2021-11-25T16:00:00-06:00
Author: Letters to the Editor
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Poland to cut taxes to soften inflation blow, says PM | WTVB | 1590 AM · 95.5 FM | The Voice of

WARSAW (Reuters) – Poland will cut taxes on petrol, gas and electricity and provide cash payments to households in a programme worth up to 10 billion zlotys ($2.40 billion) designed to help Poles deal with high inflation, the prime minister said on Thursday.

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Publisher: WTVB | 1590 AM · 95.5 FM | The Voice of Branch County
Author: Syndicated Content
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States With No Estate or Inheritance Taxes | Real Simple

In much of the recent talk about taxation policies, there's been a resounding silence about one major area of wealth transfer: inheritance taxes. That's because the federal government does not impose an inheritance tax; state governments do.

When organized properly, these wealth transfers may be a financial boon that helps pay for college , launch businesses, and keep valuable properties within a family.

Publisher: Real Simple
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Proposed budget would keep taxes steady in Sharpsville | News | sharonherald.com

WASHINGTON — The U.S. on Friday opened COVID-19 booster shots to all adults and took the extra step of urging people 50 and older to seek one, aiming to ward off a winter surge as coronavirus cases rise even before millions of Americans travel for the holidays.

Grove City College math professor Dr. Kelly Bonomo will talk about ranked choice voting Saturday during a Mercer County League of Women Voters program.

Publisher: The Herald
Author: David L Dye Herald Staff Writer
Twitter: @sharonheraldpa
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