| The U.S. Small Business Administration is pledging to improve the loan review process, even as it pursues a record number of fraud complaints. | Outlook for 2021 taxes is full of uncertainties → | | By Michael Cohn 3 min read | | The year ahead will be full of tax uncertainties in the U.S. and internationally, ranging from digital taxes and carbon taxes to possible tax hikes under the Biden administration. | |
| Democrats aim for SALT write-off expansion in stimulus bill → | | By Laura Davison 2 min read | | 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. | |
| Yellen talks digital taxes with U.K., Germany in initial calls → | | By Laura Davison, Alex Morales and Saleha Mohsin 2 min read | | 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. | |
| Second trader named in $1.6B Danish tax fraud case → | | By Morten Buttler, Frances Schwartzkopff and Ellen Milligan 2 min read | | A second hedge-fund trader was named by Danish prosecutors as a defendant in a dividend tax scheme they say defrauded the Nordic country out of 9.6 billion kroner ($1.6 billion). | |
|
