Our International Tax Group analyzes the pillars of a new international corporate tax system, but one that faces some major hurdles. Pillar One: a new taxing right in the digital worldPillar Two: a global minimum tax rate of 15%The road(blocks) … [Continue reading] about Has the Global Tax(man) Ended the “Race to the Bottom”? 136 Countries Agree to Overhaul International Corporate Tax System
Look Before You PEEP – Delaware OUP Rejects Bid to Address Issues with Program and Agreement
Where there’s a carrot, there’s usually a stick. Our Unclaimed Property Team analyzes Delaware’s new permanent expedited examination program and finds potential issues that could be more than a holder may have bargained for. What will be found in … [Continue reading] about Look Before You PEEP – Delaware OUP Rejects Bid to Address Issues with Program and Agreement
Crypto Asset Industry Cautious as Biden Administration Proposes New Reporting Rules
Our Federal Tax Group mines recent legislative proposals for amendments that could change the way crypto assets are reported – and taxed. Proposed amendments to Section 6045The status of mining and staking activitiesNew proposals from the House … [Continue reading] about Crypto Asset Industry Cautious as Biden Administration Proposes New Reporting Rules
Get Out Your Crystal Ball: The Challenges of Tax Planning in the Current Age of Uncertainty
It is said the future is not yet written. But the Biden Administration has a draft ready for Congress. Our Federal Tax Group gazes into the Made in America tax plan to find the many questions that await within. The uncertainty of retroactive or … [Continue reading] about Get Out Your Crystal Ball: The Challenges of Tax Planning in the Current Age of Uncertainty
The Other Green Book: Treasury Explains Administration’s Tax Proposals
With the release of its FY 2022 revenue proposals, the Biden Administration explains and refines some of the tax priorities raised on the campaign trail. Our International Tax Group reads the tea leaves to find the significant changes to the Tax Code … [Continue reading] about The Other Green Book: Treasury Explains Administration’s Tax Proposals