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A proposed tax reform—left for dead in the ruins of Build Back Better—isn’t dead after all. In fact, it could still happen, in two separate ways. Both would curb the stepped-up basis, a giveaway that allows capital gains to pass untaxed from generation to generation. Its elimination would bring tens of billions into the Treasury,
The recent Pandora Papers report is intensifying fear among philanthropy experts that the tax havens being used by the wealthy will siphon money away from charitable causes.
A spotlight that has been thrown on how many of the rich and powerful shield their wealth is also intensifying a fear among philanthropy experts: That the tax havens being used by the wealthy will increasingly siphon money away from charitable causes.
The Pandora Papers report revealed how the world's rich and powerful stashed trillions of dollars using tax havens. Philanthropy experts fear that will give the wealthy less incentive to donate
The Pandora Papers report revealed how the world's rich and powerful stashed trillions of dollars using tax havens. Philanthropy experts fear that will give the wealthy less incentive to donate