The Tax Code should retain all research and development spending
When President Donald Trump enacted the Tax Cuts and Jobs Act three days before Christmas in 2017, he implemented one of the most comprehensive tax reform programs in recent years.
The new law provided for significant tax rate…
MAILBAG: A simple tax code would be fairer | Opinion
A recent view from a guest from the Portland, Maine Tribune, titled "Proof that the US tax code is rigged,"…
Thailand considers tax on stock transactions
The Thai government is considering imposing a tax on sales of shares on the national stock exchange in an attempt to generate additional income, according to a Reuters report. Plans to remove a tax exemption on sales of securities traded…
Everything you need to know about the new format of the 26AS income tax form or the annual…
Through Taxscan team - July 2, 2021 at 9:00 a.m.
The modified format of Form 26AS or the Annual Information Statement put in place by the Income Tax Department earlier, digitally captures and reflects the details of all high…
Aurora owners and Chicago business owners fare badly on property tax return
The results are consistent with those of previous studies comparing property tax rates, but come at a time of great anxiety for many homeowners: Much like Cook County appraiser Fritz Kaegi is reassessing city properties. from Chicago.
Over…
Introduction to severance pay plans under ERISA and the tax code | Verrille
Many employers maintain formal or informal severance policies or practices that they use sporadically. Other employers may implement a severance package for a limited period of time to reduce the number of employees overall or within a job…
UPDATE Income Tax Form 16: Deadline EXTENDED! Know all other details here
On Friday, June 25, the government extended the deadlines for various tax obligations. Taxpayers can make payments until October 31 with the additional amount of interest. The deadline for employers to provide a Withholding Tax…
How the tax code handles inflation (and how it doesn’t)
A temporary gas shortage, caused by a hacking attack, over much of the east coast last month and fear of rising inflation have caused some people to wonder if the 70s are back. The Bureau of Economic Analysis report released last…
Illinois Makes Major Tax Code Changes | Morgan lewis
Illinois Governor JB Pritzker enacted various bills on June 17, including the State Budget Bill, SB 2017 (Budget Bill), which contains several provisions intended to increase revenue. Other bills passed by both the Illinois Senate and…
The HMRC questioned on the CEST while the tax status of 210,000 entrepreneurs remains…
HM Revenue & Customs (HMRC) has been called upon to explain why its online IR35 status checker remains unable to decide how hundreds of thousands of contractors should be taxed, months after the rollout of IR35 reforms in the private…