Tax Fraud Blotter: Kid’s stuff

Criminal harvest; going informal; any way you slice it; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-kids-stuff

Read More

U.S. vaccine agency diverted funds for other uses, watchdog says

U.S. officials responsible for preparing for a pandemic routinely raided funds for public health emergencies, diverting money from vaccine development to pay for other projects at the U.S. Department of Health and Human Services, a federal watchdog said Wednesday. Original Article Posted at : https://www.accountingtoday.com/articles/u-s-vaccine-agency-diverted-funds-for-other-uses-watchdog-says

Read More

ESG responsibilities increase for accountants in 2021

The Association of International Certified Professional Accountants found that environmental, social and governance trends are increasingly becoming part of accounting and finance professionals’ job titles for 2021. Original Article Posted at : https://www.accountingtoday.com/news/esg-responsibilities-increase-for-accountants-in-2021

Read More

Yellen boosts European optimism for global digital tax accord

German Finance Minister Olaf Scholz said President Joe Biden’s administration has shown a readiness to clinch an agreement on how to tax global tech companies, potentially overcoming an American block and paving the way for an accord later this year. Original Article Posted at : https://www.accountingtoday.com/articles/yellen-boosts-european-optimism-for-global-digital-tax-accord

Read More

Actionable VAT Policy Gap in Europe

Value-added taxes (VAT) make up approximately one-fifth of total tax revenues in Europe. However, European countries differ significantly in how efficiently they raise VAT revenues. One way to measure a country’s VAT efficiency is the VAT Gap. This measure looks at the difference between VAT revenue actually collected and collectable VAT revenue under an ideal…

Read More

Democrats aim for SALT write-off expansion in stimulus bill

Two New Jersey Democrats are leading an effort to expand a valuable tax break for state and local levies in the next virus-relief package, a long-shot effort as lawmakers continue to squabble over the size and scope of the next round of stimulus. Original Article Posted at : https://www.accountingtoday.com/articles/democrats-aim-for-salt-write-off-expansion-in-stimulus-bill

Read More

Yellen talks digital taxes with U.K., Germany in initial calls

U.S. Treasury Secretary Janet Yellen on Wednesday talked with her U.K. and German counterparts about resolving mushrooming disputes over the taxation of internet giants such as Facebook Inc., highlighting the issue as a priority in her initial bilateral calls. Original Article Posted at : https://www.accountingtoday.com/articles/yellen-talks-digital-taxes-with-u-k-germany-in-initial-calls

Read More