Tax Policy - Peruvian “Solidarity Tax” Unlikely to Offset Deficit Spending Due to the COVID-19 crisis, Peru has found itself with high levels of government spending that has resulted in a significant deficit. In order to offset costs, the government is...

Tax Policy - Phase 4 Is not the Time to Experiment with Temporary Credits Members of Congress are on a two-week recess before returning to consider a possible “phase 4” package to boost the economy and help individuals and businesses suffering from the economic...

IRS Tax News - FDII and GILTI regulations finalized The IRS issued final regs. on the foreign-derived intangible income deduction and the global intangible low-taxed income provisions enacted by the TCJA. Source: IRS Tax News - FDII and GILTI regulations...

Tax Policy - How Stable is Cigarette Tax Revenue? .axis line, .axis path { stroke: #cccccc; } .axis text { fill: #555555; font-family: 'Lato', sans-serif; font-size: 12px; } #inflation-toggle { border-left: 1px solid #cccccc; margin-left: 0.5rem; padding-left:...

IRS Tax News - How to report coronavirus paid sick leave and family leave to employees The IRS issued guidance on how employers should report qualified sick and family leave paid to employees under the Families First Coronavirus Response Act. Source: IRS...