Accounting
Pillars, Blueprints, an Impact Assessment, and Construction Delays
Monday, the OECD released blueprints for proposals on changing international tax rules alongside an impact assessment based on the overall design of the proposals. While the blueprints cover proposals both for changing where large multinationals owe corporate tax and designing a global minimum tax, there are still many unanswered questions. The OECD has been working…
Read MoreCOVID-19 Is Changing The Labor Market. Tax Policy Must Change Along With It.
The coronavirus recession has dealt a devastating blow to millions of US workers, with consequences that could persist for years. As the public health crisis…
Read MoreTax Modernization: A Key to Economic Recovery and Growth in Nebraska
[1] Key Findings An ideal tax code is one that is simple, transparent, neutral, and stable, but many states, including Nebraska, have certain tax provisions that depart from these principles of sound tax policy. The COVID-19 pandemic and associated economic fallout have shed light on structural deficiencies in states’ tax codes, including narrow-based sales taxes…
Read MoreA Close Look at Joe Biden’s Social Security Proposals
My Urban Institute colleagues Karen Smith, Richard Johnson, and I recently compared Social Security proposals advanced by Democratic presidential nominee Joe Biden and four of…
Read MoreArt of Accounting: Added services by accounting firms
Every accounting firm website shows a full range of services, all with great descriptions. But who is actually driving those services? Original Article Posted at : https://www.accountingtoday.com/opinion/art-of-accounting-added-services-by-accounting-firms
Read MorePublic companies increase audit committee disclosures in proxy statements
Companies are continuing to increase the level of audit committee disclosures in their proxy statements, according to a new report from the Center for Audit Quality and Audit Analytics. Original Article Posted at : https://www.accountingtoday.com/news/public-companies-increase-audit-committee-disclosures-in-proxy-statements
Read MoreTrump got ‘unusual’ payments from Vegas hotel in 2016, NYT says
Donald Trump received $21 million in “highly unusual” payments from a Nevada hotel in 2016 as his presidential campaign was struggling for cash, the New York Times reported. Original Article Posted at : https://www.accountingtoday.com/articles/trump-got-unusual-payments-from-vegas-hotel-in-2016-nyt-says
Read MoreHouse Republicans introduce bill to extend Trump tax cuts and add tax breaks
Rep. Kevin Brady and House Republican Leader Kevin McCarthy, introduced legislation to extend a number of tax breaks in the Tax Cuts and Jobs Act of 2017, and add some more . Original Article Posted at : https://www.accountingtoday.com/news/house-republicans-introduce-bill-to-extend-trump-tax-cuts-and-add-tax-breaks
Read MoreDemocrat bill would make payroll tax deferral optional for federal workers, military
Sen. Chris Van Hollen, D-Maryland, and 16 other Senate Democrats introduced legislation Friday to make President Trump’s payroll tax deferral optional for federal employees and military service members. Original Article Posted at : https://www.accountingtoday.com/news/senate-democrats-introduce-bill-to-make-payroll-tax-deferral-optional-for-military-and-federal-workers
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