by Upstate Tax Professionals | Jan 15, 2020 | Tax Tips and News
Tax Policy – New IRS Data on Taxes of U.S. Parented Multinationals in 2017
Recently, the Internal Revenue Service (IRS) published its annual Country-by-Country Report, providing detailed statistics on profits and taxes of multinational enterprise groups...
by Upstate Tax Professionals | Jan 15, 2020 | Tax Tips and News
Tax Policy – Iowa Governor Proposes Second Round of Tax Reform
Building on tax reforms adopted in 2018, Iowa Gov. Kim Reynolds (R) is proposing additional reforms which expand and guarantee the promises of the 2018 legislation while modestly rebalancing...
by Upstate Tax Professionals | Jan 15, 2020 | Tax Tips and News
Tax Policy – Measuring Marginal Effective Tax Rates on Capital Income Under Current Law
Key Findings This paper updates the user cost of capital calculation in Tax Foundation’s General Equilibrium model by including the split of equity and debt financing...
by Upstate Tax Professionals | Jan 15, 2020 | Tax Tips and News
Tax Policy – State and Local Sales Tax Rates, 2020
Key Findings Forty-five states and the District of Columbia collect statewide sales taxes. Local sales taxes are collected in 38 states. In some cases, they can rival or even exceed state rates. The five...
by Upstate Tax Professionals | Jan 14, 2020 | Tax Tips and News
Tax Policy – Gig Economy Workers Get Boost from New IRS Dedicated Tax Center
Last week, the Internal Revenue Service (IRS) launched the Gig Economy Tax Center aimed at helping gig economy participants understand and meet their tax obligations. This center...
Upstate Tax Professionals