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Uncollected: IRS fails to collect billions of dollars in tax debt each year, including from some of the wealthiest Americans wtvm.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wtvm.com Daily Mail and Mail on Sunday newspapers.
Land Value Tax in Erie could boost growth, heal blight and reduce tax bills goerie.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from goerie.com Daily Mail and Mail on Sunday newspapers.
Analysis Group Welcomes New Affiliates and Announces Senior-Level Promotions prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
U.S. Cross-border Tax Reform and the Cautionary Tale of GILTI Daniel Bunn Key Findings The U.S. joined many other developed nations in adopting territorial provisions and anti-base erosion rules as part of the 2017 tax reform. One major piece of that reform, that is not typical in other territorial systems, is a new definition of currently taxable foreign earnings, Global Intangible Low Tax Income (GILTI), which is taxed at an effective rate of 13.125 percent, with the rate set to increase after 2025 to 16.4 percent. Recent research has shown that foreign earnings of U.S. companies remain taxed at similar rates even after the 2017 reforms, implying that while the structure of U.S. taxes on foreign earnings changed, the overall burden did not. ....
Cities Facing the Biggest Revenue Losses Due to COVID-19 By Elona Neal, Stacker News On 2/7/21 at 8:00 AM EST COVID-19 took the world by storm in 2020, and the virus brought with it financial hardships and an economic recession all over the United States. Cities across the country banded together to mandate stay-at-home orders and required the use of masks in an effort to flatten the curve and prevent the further spread of the virus. As a result, many small businesses took some of the biggest hits financially and were forced to close either temporarily or permanently. In addition, the country has seen an inconsistent wave of regulations that differ from city to city. The United States currently has a total of 6.2 million reported cases of the coronavirus so far, and over 185,000 have died from the virus. ....