Accounting
Meeting the challenges of managing an audit team remotely
Auditors should take stock of the lessons learned from the first phase of remote auditing. Original Article Posted at : https://www.accountingtoday.com/opinion/meeting-the-challenges-of-managing-an-audit-team-remotely
Read MoreHouston tech mogul indicted for ‘largest-ever tax charge’
Robert T. Brockman, a Houston software tycoon, was charged with using a web of Caribbean entities to hide $2 billion in income in what prosecutors called the largest U.S. tax case ever against an individual. Original Article Posted at : https://www.accountingtoday.com/articles/houston-tech-mogul-indicted-for-largest-ever-tax-charge
Read MoreTPC Updates Its Analysis: Biden Would Raise Taxes by $2.4 Trillion, Nearly All On Business and High Income Households
Democratic presidential candidate Joe Biden’s current campaign plan would raise taxes by $2.4 trillion over the next decade, about 0.9 percent of Gross Domestic Product…
Read MoreRole of the 2017 Tax Reform in the Nascent U.S. Economic Recovery
While there is still plenty of work to be done to get unemployed Americans back to work, the U.S. economy as a whole is now recovering strongly from the pandemic-induced economic downturn, outperforming forecasts from earlier in the year and outperforming most other developed countries. The Atlanta Federal Reserve’s “nowcast” indicates that the U.S. economy…
Read MoreHow Many Sales Tax Jurisdictions Does Your State Have?
Online shopping is nothing new in our increasingly digital world, but 2020’s extended lockdowns due to the coronavirus pandemic have made it even more popular. You can order groceries, get a hot meal delivered, or even buy a kite for socially-distanced fun, all without leaving your couch. The system is simple and streamlined—at least for…
Read MoreReviewing the Commitment to American GROWTH Act
Last week, Congressman Kevin Brady (R-TX) and U.S. House Minority Leader Kevin McCarthy (R-CA) introduced H.R. 11, the Commitment to American GROWTH Act, outlining an alternative to Democratic presidential nominee Joe Biden’s tax vision. The proposal would address upcoming expirations of the 2017 Tax Cuts and Jobs Act (TCJA) and create or expand other tax…
Read MoreArizona Proposition 208 Threatens Arizona’s Status as a Destination for Interstate Migration
Next month, Arizona voters will decide whether to create a new fifth income tax bracket that would raise the top rate from 4.5 percent to 8 percent. Proposition 208 would create an additional 3.5 percent tax on income above $250,000 ($500,000 for joint filers) to generate additional revenue for education. The tax would be levied…
Read MoreTax Fairness: President Trump, A Case Study
Yesterday, I testified before the Ways and Means Subcommittee on Oversight on “tax fairness,” and the hearing spotlighted the reporting of new details on President…
Read MoreInternational Tax Competitiveness Index 2020
Launch Interactive Tool Note: Each year we review and improve the methodology of the Index. For that reason, prior editions are not comparable to the results in this 2020 edition. All data and methodological notes are accessible in our GitHub repository. Introduction The structure of a country’s tax code is an important determinant of its economic…
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