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Page 34 - தேசிய வரி செலுத்துவோர் தொழிற்சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Leah Vukmir and Jess Ward: Lawmakers should avoid quick-fix tax schemes that threaten small businesses

By Leah Vukmir and Jess Ward | National Taxpayers Union As Wisconsin lawmakers gear up for a new session in January, the onerous process of seeking measures to solve budget shortfalls will begin. As they build the fiscal 2021-23 budget, they must avoid implementing any cash grabs or bad policy, either of which would stifle a much needed economic recovery.   A prime example of a misguided policy proposal that has unfortunately gained some traction in other parts of the country is the digital advertising tax. Such a policy would create a digital advertising gross receipts tax imposed on a company s annual gross revenue in the state. Successful companies that already generate sales, corporate and individual income taxes would be taxed again — not on their net profits, but their gross receipts. The tax — a percentage typically determined depending on a company s total global revenues — would define digital advertising to include banner ads, search engin

Senate Approves Bipartisan Bill to Strengthen Federal Financial Management

Homeland Security and Governmental Affairs Committee Chairman Ron Johnson (R-WI) and Ranking Member Gary Peters (D-MI), as well as Senators James Lankford (R-OK), Maggie Hassan (D-NH), Kyrsten Sinema (D-AZ), Chuck Grassley (R-IA), David Perdue (R-GA), Kelly Loeffler (R-GA) and Mike Braun (R-IN) also cosponsored the CFO Vision Act. The Data Coalition, Citizens Against Government Waste, the Project on Government Oversight, National Taxpayers Union, Truth in Accounting, R Street Institute, Taxpayers for Common Sense, Americans for Prosperity, Government Accountability Project and Grant Thornton, among others, have endorsed the legislation. Endnotes

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