Tax News

Tax News

• Why experts on both political sides say Biden's corporate tax proposal is 'problematic'
  
  Many tax experts say Biden's proposed minimum 15% tax on corporate book income is a bad idea.
  Yahoo.  Thu, 29 Oct 2020 11:38:25 -0400.
• Millions face a pay cut when 'lamington' offset ends, despite tax cuts
  
  Millions of Australians will be worse off next financial year unless the government revisits its just-completed overhaul of the personal tax system.
  Shane Wright.  Sydney Morning Herald.  Wed, 28 Oct 2020 05:00:00 +1100.
• Gov't approves changes to NIS 300m. COVID-19 aid package for hotels
  
  Hotels no longer need to make a choice between applying to get a property tax waiver or receiving aid, which provides financial relief for small hotels.
  Jerusalem Post.  Mon, 26 Oct 2020 13:01:54 GMT.
• Trump keeps calling $750 tax payment a 'filing fee.' Experts say there's no such thing
  
  President Donald Trump keeps bringing up what he calls a $750 filing fee for his federal income tax returns. What's that all about?
  Yahoo.  Fri, 23 Oct 2020 17:28:40 -0400.
• Government should put a pause on enforcement of council tax bills, charity says
  
  Citizens Advice said millions of people in England now face new restrictions but lack protection from the financial hardships that come with them.
  Daily Mail.  Tue, 20 Oct 2020 11:22:31 GMT.
• Tax Relief Available for California Wildfire Victims
  
  The IRS has granted victims of the California wildfires more time to file various individual and business tax returns and make tax payments. ...
  Kiplinger.  Mon, 19 Oct 2020 23:11:30 GMT.
• Tax Officials Investigate Euro Pacific Bank in Puerto Rico
  
  Tax enforcers from five nations are investigating Euro Pacific Bank, which operates in a U.S. territory criticized in the past for its lax financial regulation.
  Matthew Goldstein and Damien Cave.  New York Times.  Mon, 19 Oct 2020 18:49:28 +0000.
• U.S. Budget Deficit Hit $3.1 Trillion Amid Virus Spending Surge
  
  A surge in spending, combined with falling tax receipts have sent the deficit soaring, complicating plans for additional stimulus.
  Alan Rappeport.  New York Times.  Fri, 16 Oct 2020 20:55:20 +0000.
• Denver-born billionaire private equity firm founder, CEO caught up in federal tax fraud
  
  Robert Smith is known as the richest Black America and has appeared on Forbes list of the wealthiest people in the country.
  Ted Andersen.  American City Business Journals.  Fri, 16 Oct 2020 20:31:41 +0000.
• State And Local Governments Peer Into The Pandemic Abyss
  
  State and local governments that rely heavily on sales tax revenue face an increasing financial burden absent federal aid, says Daniel Green.
  By Hbs Working Knowledge, Contributor.  Forbes.  Fri, 16 Oct 2020 08:37:00 -0400.

• Adirectory.us Tax Page (Directory Page)
  
  This tax category page lists editorially-reviewed websites and web pages that pertain to this topic.
  https://www.adirectory.us/finance/tax-preparation/
  
• Chosensites.com Tax Page (Directory Page)
  
  This tax category page lists editorially-reviewed websites and web pages that pertain to this topic.
  https://www.chosensites.com/tax-reporting-services.htm
  

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