Accounting

As U.S. lawmakers grapple with the final details of a major economic relief bill, it is instructive to see what measures other countries are using to soften the economic shock of the coronavirus outbreak. On March 12, the Australian government announced the first of what are now two tranches of economic support. Together, the two…

The coronavirus outbreak has caused policymakers around the world to think through ways to respond to the health crisis. A major element of that response has been to shutter businesses and cancel public events. This has led to major reductions in economic activity, and policymakers have responded in creative ways to support businesses and workers…

Countries around the world are implementing emergency tax measures to support their debilitated economies under the coronavirus (COVID-19) threat. Providing tax relief to the people and companies that are most affected, until the emergency abates, is welcome. Countries should consider tax relief measures because the health issue is creating a substantial economic shock. Taxes that…

Yesterday, House Democrats released the Take Responsibility for Workers and Families Act, which is proposed legislation for tackling the coronavirus public health emergency and related economic downturn. The bill can be contrasted with the Senate Republican CARES Act, although they share some similarities by providing individual taxpayers with a rebate and modifying business tax provisions…