TAX PRO TODAY

IRS TE/GE division sets priorities for 2022

By Michael Cohn       6 min read

The Internal Revenue Service’s Tax Exempt and Government Entities division is making plans for next fiscal year in hopes that Congress will provide more funding. Read story →

U.S. nears deals with countries on eliminating digital taxes

By Christopher Condon       2 min read

The Biden administration said it’s close to securing agreements from a number of countries on withdrawing their so-called digital service taxes, further clearing the path to a new global tax regime and avoiding a potentially damaging set of trade spats. Read story →

Global tax deal faces emerging hurdle in U.S. debate over treaty

By Christopher Condon       4 min read

As the Biden administration and governments around the world celebrate another advance toward an historic global tax accord, an obscure legal question in the U.S. threatens to tear it apart. Read story →

Global tax overhaul advances as 136 nations sign on

By William Horobin and Isabel Gottlieb       1 min read

Nations resolved key differences over the level of a global minimum rate and an end to new digital taxes. Read story →

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7 questions about holding companies and LLCs

By Nellie Akalp      

Various factors influence how business owners structure their companies and whether they decide to set up a holding company.  Read story →

Global tax talks race against clock as holdouts fall into line

By Craig Stirling       3 min read

Global talks to reshape the corporate tax landscape are resuming on Friday with some holdouts to the international consensus on a minimum rate falling into line to back an agreement that still hangs in the balance. Read story →

Tax Fraud Blotter: Flaws in the system

By Jeff Stimpson       5 min read

Dutch treat; ain’t no Sunshine; the trouble with truffles; and other highlights of recent tax cases. Read story →

Ireland drops 12.5% tax pledge as global deal races to finish

By Morwenna Coniam       3 min read

The country's climbdown removes one hurdle to an unprecedented deal that would reshape the landscape for multinationals.  Read story →

Americans have over $460B in college savings. It’s not enough

By Alexandre Tanzi       1 min read

The average plan holds less than $29,000, which would pay for about half of a year at the average private university or a year or more at a public one. Read story →

Senate poised to pull nation back from default brink, for now

By Laura Litvan, Erik Wasson and Mike Dorning       5 min read

While the immediate threat of a default would recede, the deal would merely delay the fight to December.  Read story →

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