Tax Blog
Tips to help you prepare for tax season
Wisconsin Considers Standard Deduction Increase, TPP Tax Reduction
Tax Policy - Wisconsin Considers Standard Deduction Increase, TPP Tax Reduction Monday, a tax relief package advanced out of the Wisconsin Joint Committee on Finance and is expected to receive consideration by the full Senate and Assembly this week. Assembly...
Sources of Government Revenue in the OECD
Tax Policy - Sources of Government Revenue in the OECD Key Findings In 2018, OECD countries raised one-third of their tax revenue through consumption taxes such as the Value-Added Tax (VAT), making consumption taxes on average the most important revenue source....
Analysis of Democratic Presidential Candidates Corporate Income Tax Proposals
Tax Policy - Analysis of Democratic Presidential Candidates Corporate Income Tax Proposals Key Findings 2020 Democratic presidential candidates have proposed various changes to the corporate income tax to raise revenue for their policy proposals. This includes...
No need to report some transactions in video game currency, IRS says
IRS Tax News - No need to report some transactions in video game currency, IRS says Gamers who, as part of a video game, transact in virtual currencies that do not leave the video game environment do not have to report the transactions on a tax return, the IRS...
How Controlled Foreign Corporation Rules Look Around the World: Germany
Tax Policy - How Controlled Foreign Corporation Rules Look Around the World: Germany Germany has had a Controlled Foreign Corporation (CFC) regime since 1972, when the German Foreign Transactions Tax Act was enacted. Under the German regime, a CFC is a foreign...
Kansas, Nebraska, and Utah Lawmakers Pursue “Not GILTI” Verdicts
Tax Policy - Kansas, Nebraska, and Utah Lawmakers Pursue “Not GILTI” Verdicts Lawmakers in Kansas, Nebraska, and Utah never voted to tax GILTI—and now their respective tax committees are getting a chance to decide whether they really should. Committee chairs in...
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