Month: September 2021

0 Comments
One of the Senate’s proposals to pay for the Build Back Better Act is a federal excise tax on virgin plastics, which are plastics that are not reprocessed or recovered. The tax would be $0.20 per pound of virgin plastics used to make single-use plastics products. While few details have been released about this pay-for,
0 Comments
Aprio LLP announced that it will take over the Firm Foundation program from Top 8 Firm RSM US, effective Dec. 1, 2021. A Top 50 Firm based in Atlanta, Aprio plans to use Firm Foundation, which shares resources, coaching and networking opportunities with small and midsized CPA firms, as an engine to expand its own
0 Comments
In this article WRBY A customer tries on glasses at a Warby Parker store in Los Angeles. Michael Buckner | Getty Images Warby Parker’s stock debut may be a bit different from the norm, yet the expert advice still applies: Invest with caution. The popular eyewear maker began trading publicly on Wednesday through what’s called
0 Comments
Recent proposals from the Biden administration and congressional Democrats aim to hike taxes on the foreign profits of U.S. multinationals, resting on the claim that U.S. multinationals pay very low tax rates on these foreign profits. But how heavily taxed are they, and how would various proposals affect these tax rates? U.S. multinational enterprises (MNEs)
0 Comments
The Superfund is on its way back. Originally enacted in 1980 as the Hazardous Waste Contamination Act, the Superfund was an excise tax assessed against the chemical, oil and gas industries, according to John Beatty, general manager over excise tax at Avalara. “It hit anyone who used items from a certain list of chemicals that
0 Comments
Seven new members have joined the Internal Revenue Service’s Electronic Tax Administration Advisory Committee. The committee is a public forum for the discussion of issues in electronic tax administration with a primary goal is to promote paperless filing of tax and information returns. ETAAC members also work with the Security Summit, a joint effort of
0 Comments
As Congress considers President Biden’s proposal to tax unrealized capital gains at death, the history of previous efforts suggests it faces a perilous road ahead. Lawmakers must resolve tricky design and implementation details that derailed past attempts to change how capital gains are treated when assets are passed from one generation to the next. Under