Tax Blog
Tips to help you prepare for tax season
Toomey Introduces Legislation to Make Bonus Depreciation Permanent and Fix the Retail Glitch
Tax Policy - Toomey Introduces Legislation to Make Bonus Depreciation Permanent and Fix the Retail Glitch Thursday, Sen. Pat Toomey (R-PA) introduced the “ALIGN Act,” which would make 100 percent bonus depreciation for short-life assets a permanent feature of...
Summary of the OECD’s Impact Assessment on Pillar 1 and Pillar 2
Tax Policy - Summary of the OECD’s Impact Assessment on Pillar 1 and Pillar 2 Today, the OECD presented its preliminary impact assessment on the Pillar 1 and Pillar 2 proposals. The impact assessment includes estimated revenue and investment effects presented at...
The Collaborative Economy—Data Exchange with Tax Authorities
Tax Policy - The Collaborative Economy—Data Exchange with Tax Authorities The following was presented at the European Economic and Social Committee’s hearing, “The Collaborative Economy – Data Exchange with Tax Authorities.” When designing their supply chains...
Facts and Figures 2020: How Does Your State Compare?
Tax Policy - Facts and Figures 2020: How Does Your State Compare? How do taxes in your state compare nationally? Facts and Figures, a resource we’ve provided to U.S. taxpayers and legislators since 1941, serves as a one-stop state tax data resource that compares...
Net Operating Loss Carryforward and Carryback Provisions in Europe
Tax Policy - Net Operating Loss Carryforward and Carryback Provisions in Europe Loss carryover provisions allow businesses to either deduct current year losses against future profits (carryforwards) or deduct current year losses against past profits...
Banning Flavored Tobacco Could Have Unintended Consequences
Tax Policy - Banning Flavored Tobacco Could Have Unintended Consequences Several states have considered bans on flavored tobacco and nicotine products this legislative session, spurred by increased vaping by minors.[1] Among them are California, Maine, Maryland,...
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