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Week in Insights: Tax Progressivity Can Go Further Than We Think

This week, our experts covered topics ranging from a Massachusetts tax bill that targets Harvard University and other colleges with legacy admissions to Barbie’s sales and property taxes if she were a real California resident. For a look at the latest commentary and analysis, check out our weekly roundup.

Temperature record of 118 degrees from 1888 is likely false

US: 2021 statistics show an uptick in demand for APAs

Mark Martin and Thomas Bettge of KPMG in the US discuss the Internal Revenue Service’s (IRS) advance pricing agreement (APA) statistics for 2021, and the state of the IRS APA programme.

The Whirlpool case and Subpart F

Recent changes to section 174 of the US Internal Revenue Code

Mark Martin and Thomas Bettge of KPMG in the US describe changes to section 174 of the US Internal Revenue Code and what this may mean for entities that provide contract research and development services to related parties.

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