Taxing Billionaire Borrowing: A New Kind Of Wealth Tax?
Professors Edward Fox and Zachary Liscow discuss their proposal for a new tax on billionaires that would apply to borrowing against their assets.
Source: forbes.com
Page 4 - Tax Notes News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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Top News In Tax Notes Today - Breaking & Trending Today
Several issues and concerns emerged for taxpayers due to the disparity in computing interest expenses for presentation in tax returns and financial statements. With this, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) 19-2024 on Feb. 5, 2024, which aims to provide clarification on how interest expenses related to the taxpayer’s profession, trade or business, and other related matters should be treated for tax purposes.
Source: sunstar.com.ph
The Plastic Problem: Using Tax To Protect The Environment
Professor Roberta Mann of the University of Oregon School of Law explains how taxing single-use plastics could help combat their environmental effects.
Source: forbes.com
And Still Not Boring: U.N. Pushes Tax Cooperation Framework Convention | Insights
Greenberg Traurig's Sharon Katz-Pearlman authored a Tax Notes article titled "And Still Not Boring: U.N. Pushes Tax Cooperation Framework Convention."
Source: gtlaw.com
Liberty Global And The Economic Substance Doctrine
Tax Notes managing legal reporter Andrew Velarde discusses the economic substance doctrine dispute in Liberty Global Inc. v. United States and its potential implications.
Source: forbes.com