Accounting
A more mobile workforce generates tax policy issues
The pandemic has forced states to consider where to tax work, but the rules remain tangled. Original Article Posted at : https://www.accountingtoday.com/news/a-more-mobile-workforce-generates-tax-policy-issues
Read MoreSEC pressures China companies’ listings, warning of accounting risks
New staff guidance says their disclosures may be incomplete or misleading. Original Article Posted at : https://www.accountingtoday.com/articles/sec-pressures-china-companies-listings-warning-of-accounting-risks
Read MoreGrant Thornton, Marcum tie for new Q3 audit clients
EY, Deloitte, Cohen & Co. and BF Borgers made good showings in a slow period. Original Article Posted at : https://www.accountingtoday.com/news/grant-thornton-marcum-tie-for-new-q3-audit-clients
Read MoreHow Much Will Future Retirees Receive in Lifetime Social Security and Medicare Benefits?
Typical millennial couples born in 1995 who retire in 2060 are scheduled to receive about $2.2 million in lifetime Social Security and Medicare benefits, approximately…
Read MoreTreasury Pick Yellen Likes Carbon Taxes and More Pandemic Relief, But Not The TCJA
Janet Yellen, president-elect Joe Biden’s pick for Treasury Secretary, would come to the job with largely predictable views on tax policy for a mainstream, center-left…
Read MoreRemote possibilities: Tax pros look to a distanced future
Practitioners share their plans and thoughts on how COVID-19 is changing client interactions. Original Article Posted at : https://www.accountingtoday.com/news/remote-possibilities-tax-pros-look-to-a-distanced-future
Read MoreNew York Lawmaker Looks to Sin Taxes Once More
This month, New York Assemblywoman Linda Rosenthal (D) introduced A11123 which, if enacted, would increase the excise tax on ”other tobacco products” (including cigars) from 75 percent to 129 percent of wholesale value and the excise tax on vapor products from 20 percent to 48 percent of retail value. Excise taxes on tobacco products are…
Read MoreTax Prom 2020: A Tribute to Congressional Staff
Every year, for over 80 years, the Tax Foundation has hosted its end-of-year gala, Tax Prom, to bring together the tax community in a spirit of bipartisanship and to celebrate the hard work of the year. In 2020, like so many other things, Tax Prom was a little different. Instead of gathering in person, we…
Read MoreCigarette Taxes and Cigarette Smuggling by State, 2018
Key Findings: Excessive tax rates on cigarettes in some states induce substantial black and gray market movement of tobacco products into high-tax states from low-tax states or foreign sources. New York has the highest inbound smuggling activity, with an estimated 53.2 percent of cigarettes consumed in the state deriving from smuggled sources in 2018. New…
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