by Upstate Tax Professionals | Mar 13, 2020 | Tax Tips and News
Tax Policy – Georgia House Passes Flat Income Tax Legislation
Tuesday, the Georgia House of Representatives passed HB 949, a bill to consolidate the state’s six individual income tax brackets into one, reduce the top rate from 5.75 percent to a new 5.375...
by Upstate Tax Professionals | Mar 13, 2020 | Tax Tips and News
Tax Policy – Michigan Voters Could Allow Governor to Oversee a .5 Billion Tax Increase by Executive Fiat
A Michigan group, Michiganders for the Commonwealth, is coordinating a petition drive to put a constitutional amendment raising taxes overall while...
by Upstate Tax Professionals | Mar 12, 2020 | Tax Tips and News
IRS Tax News – Final regs. raise offer-in-compromise user fee
The IRS issued final regulations raising the offer-in-compromise user fee from $186 to $205, a 10% increase instead of the increase to $300 included in proposed regulations.
Source: IRS...
by Upstate Tax Professionals | Mar 12, 2020 | Tax Tips and News
Tax Policy – Reliance on Consumption Taxes in Europe
Today’s map highlights the extent to which European countries rely on consumption tax revenue. Consumption taxes are taxes on goods and services. All European countries levy consumption taxes in the form...
by Upstate Tax Professionals | Mar 12, 2020 | Tax Tips and News
Tax Policy – Comparison of Cross-Border Effective Average Tax Rates in Europe and G7 Countries
Key Findings Effective Average Tax Rates (EATRs) on domestic and cross-border investment can influence business decisions and overall investment activity. This...
Upstate Tax Professionals