Can GILTI and the GloBE be Harmonized in a Biden Administration?

Countries participating in the OECD Inclusive Framework’s negotiations on cross-border tax rules hope to reach an agreement by mid-2021. After negotiations stalled somewhat in 2020, there is hope that US Treasury Secretary Janet Yellen’s commitment to reaching an agreement will allow progress to be made this year. One piece in the negotiations is the proposal…

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Senate final vote on stimulus likely pushed into weekend

The Senate enters the final stages of debating President Joe Biden’s $1.9 trillion pandemic relief bill on Thursday, with passage in the chamber likely pushed off until the weekend. Original Article Posted at : https://www.accountingtoday.com/articles/senate-final-vote-on-stimulus-likely-pushed-into-weekend

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Biden asks for more time on decision to release Trump taxes

The Biden administration said it needed more time to decide whether to turn over former president Donald Trump’s tax returns to Congress. Original Article Posted at : https://www.accountingtoday.com/articles/biden-asks-for-more-time-on-decision-to-release-trump-taxes

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Biden wants more time on decision to release Trump taxes

In a court filing Wednesday, the Treasury Department and the Justice Department said they were still weighing how to respond to a subpoena by House Democrats. Original Article Posted at : https://www.accountingtoday.com/articles/biden-asks-for-more-time-on-decision-to-release-trump-taxes

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The fastest-growing firms in the U.S. — 2021

The 20 accounting practices with the highest revenue growth in percentage terms in 2020 from Accounting Today’s Top 100 and Regional Leaders list. Original Article Posted at : https://www.accountingtoday.com/list/the-fastest-growing-accounting-firms-in-the-u-s-2021

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He Said, She Said: What sort of impact do you and your firm have?

This is a time of for accounting firms to think about their purpose — what footprint, what impact, what difference they are making, and what legacy they are leaving. Original Article Posted at : https://www.accountingtoday.com/opinion/he-said-she-said-what-sort-of-impact-do-you-and-your-firm-have

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