Global Tax Agreement: Details & Analysis | EU Global Minimum Tax Skip to content Home • Blog • The Latest on the Global Tax Agreement See Full Timeline In recent years, countries have debated significant changes to international tax rules affecting multinational companies. In October 2021, after negotiations at the Organisation for Economic Co-Operation and … Read more
Loblaw chairman Galen Weston Jr, the creaseless face of inherited Canadian wealth, smiled serenely at parliamentarians as he explained why, when it came to rising food prices, his company was blameless. Speaking to an agri-food committee in the spring of 2023, he told them that Loblaw’s profit “goes back into the country.” “The profit we … Read more
BEAT Overview The base erosion and anti-abuse tax (BEAT) is a minimum tax (5% in 2018, 10% in 2019 to 2025 and 12.5% after 2025) imposed on applicable taxpayers that make certain base erosion payments to foreign related parties. This tax is in addition to a corporation’s regular income tax liability. Corporations that average at … Read more
By Nathan Garden, The Charlotte Observer (TNS) It says a lot about our politics that very few of our leaders are talking about one of the most important issues. The small businesses that anchor our economy are about to face a devastating tax hike that will hurt workers and weaken communities. As the owner of … Read more
There is increasing attention on the U.S.’s Global Intangible Low-Taxed Income (GILTI) tax and its interaction with new minimum tax rates taking effect around the world under the international Pillar Two initiative. GILTI is currently being reviewed in detail by tax authorities who are looking at how the U.S. might align it with the international … Read more
Background The proposed regulations on the procedural aspect of the excise tax was published on April 12, 2024. These were part of the broader implementation of section 4501, which generally imposes a 1% excise tax on stock repurchases by publicly traded corporations. Notice 2023-2 also provided initial guidance on this tax, giving taxpayers a preliminary … Read more
The Corner Economy & Business Senator Josh Hawley (R., Mo.), left, and Oren Cass, right (Leah Millis/Reuters, National Conservatism/Screengrab via YouTube) applauded it. The economics of these two isn’t too good, but their populist signaling is strong. See, they want more taxes on corporations, proving that they are concerned about fairness (labor shouldn’t be taxed … Read more
Tyson chicken barns in West Tennessee on April 21, 2021. (Photo: John Partipilo) They’re scattered across the rural Tennessee landscape: blue-sided barns stretching the length of five U.S. football fields, clustered together in groups numbering as few as three to as many as 20. Each of Tennessee’s nearly 2,200 industrial chicken barns produce about 200,000 … Read more
If you’ve been on social media or tuned into the news lately, you may have heard about Project 2025, a controversial policy blueprint developed by the Heritage Foundation. A 900-page mandate from the conservative think tank is getting attention for its eyebrow-raising proposals. The legal organization, Democracy Forward has described Project 2025 as “among the most … Read more
The title page reads, “Mandate for Leadership, the Conservative Promise — Project 2025, Presidential Transition Project.” What follows are 920 pages of sweeping changes for the “next conservative president” to put into effect or, if not sufficiently empowered, to recommend to Congress. From abortion to veterans affairs, the anthology of 30 chapters, each by a … Read more