Tax Policy Questions 2024 Presidential Candidates Should Address

Tax Policy Questions 2024 Presidential Candidates Should Address

2024 Presidential Debate Tax Policy Issues | Tax Foundation Skip to content Home • Blog • Tax Policy Questions 2024 Presidential Candidates Should Address election. The future of the US tax code is one topic that should take center stage, as the next occupant of the White House will have to address the expiring individual … Read more

How corporate tax departments apply indirect tax technology

How corporate tax departments apply indirect tax technology

Businesses must innovate and adapt to the changing indirect tax landscape to stay competitive. Corporate tax departments are using technology increasingly as a strategic partner to address these issues. Insight on how indirect tax departments intend to use technology to transform their operations can be found in a recent study conducted by the Thomson Reuters … Read more

Senate Democrats plan for a ‘tax Armageddon’ in 2025

Senate Democrats plan for a 'tax Armageddon' in 2025

States’ Corporate Sales Tax Enforcement Doesn’t Go Far Enough

States’ Corporate Sales Tax Enforcement Doesn’t Go Far Enough

Sales tax compliance is a bit of an unknown quantity in the US. Calculating the tax gap—the difference between taxes collected and taxes owed—in sales and use tax is much more difficult than the income tax gap. For income tax, there are secondary sources of information available from employers; in sales tax, there is no … Read more

Trump tax breaks are set to expire after 2025. Here’s what advisors are telling their clients

Trump tax breaks are set to expire after 2025. Here's what advisors are telling their clients

Andresr | E+ | Getty ImagesWith trillions of dollars in tax breaks scheduled to expire after 2025, financial advisors are working with clients to prepare for the looming tax cliff.    Enacted by former President Donald Trump, the Tax Cuts and Jobs Act of 2017, or TCJA, included lower federal income tax brackets, bigger standard deductions and … Read more

Challenges & changes: The evolving landscape of indirect tax compliance – Thomson Reuters Institute

Challenges & changes: The evolving landscape of indirect tax compliance - Thomson Reuters Institute

A new report shows that indirect tax professionals are challenged by the increasingly global and digital business environment — and more tech means they need more people with tech skills In a world in which business operations are increasingly global and digital, the challenges surrounding indirect tax and compliance are becoming more complex. To learn … Read more

‘, All we see is black,’ Paphos residents mourn fire destruction (Update 4)

‘, All we see is black,’ Paphos residents mourn fire destruction (Update 4)

Firefighters were battling ‘continuous and intense’ flare-ups between the communities of Polemi and Kourdaka, fire service spokesman Andreas Kettis said on Wednesday afternoon.The fire that broke out on Tuesday near Polemi is estimated to have destroyed eight square kilometres of land, including houses and animal farms. “The flare ups are being dealt with. Ground forces … Read more

How the IRS went soft on billionaires and corporate tax cheats – ICIJ

How the IRS went soft on billionaires and corporate tax cheats - ICIJ

Michael Welu worked at the IRS for decades as a specialist in helping agents identify and investigate possible tax crimes. In an agency known for offices working in their own silos, Welu had the rare ability to move between divisions, dissecting and learning each office’s particular customs and procedures. But that experience had its own … Read more

High corporate tax rates – a barrier to MNCs | The Express Tribune

High corporate tax rates – a barrier to MNCs | The Express Tribune

KARACHI: Approximately 210 multinational companies (MNCs) in Pakistan operating in sectors like tobacco, oil, auto, pharmaceuticals, banking and others contribute a third of the total tax collection and make a major contribution to the national exchequer. They also reinvest in their respective units or inject capital into some new ones. Moreover, they make investments of … Read more

NRIs: Are you filing income tax returns of 2023 in India? Know this!

NRIs: Are you filing income tax returns of 2023 in India? Know this!

NRIs need to pay tax on income that arises in India for the financial year of 2023, which runs from April 1, 2022, to March 31, 2023.