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Published: Monday, May 10, 2021 Conservation easement. Photo credit: Department of Agriculture/Flickr A conservation easement in Swan Valley, Mont. Department of Agriculture/Flickr Amid an ongoing debate on Capitol Hill over whether some private landowners are abusing a tax law aimed at encouraging conservation, a new analysis shows that — despite the price tags — the parcels being set aside help protect wildlife and habitat. Researchers at American University's Washington College of Law examined nearly 76,000 acres of easements across 17 states in a study published today in Tax Notes F...

To print this article, all you need is to be registered or login on Mondaq.com. As the Administration continues to roll out business and individual tax increase proposals to fund its traditional and "social" infrastructure goals, taxpayers are becoming increasingly concerned with the lack of effective dates associated with these proposals. The potential timing for enactment of an infrastructure package (perhaps the end of September, at the earliest) suggests that any tax increases would be effective for 2022. The determination of effective dates, however, is complicate...

POLITICO Get the Weekly Tax newsletter Email Sign Up By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. 04/05/2021 10:00 AM EDT Editor’s Note: Weekly Tax is a weekly version of POLITICO Pro’s daily Tax policy newsletter, Morning Tax POLITICO Pro is a policy intelligence platform that combines the news you need with tools you can use to take act...

An Accidental Disclosure Exposes a $1 Billion Tax Fight With Bristol Myers The I.R.S. believes the American drugmaker used an abusive offshore scheme to avoid federal taxes. Dr. Giovanni Caforio, the chief of Bristol Myers Squibb, last year during a House committee hearing on drug prices.Credit...Pool photo by Greg Nash April 1, 2021, 5:00 a.m. ET Almost nine years ago, Bristol Myers Squibb filed paperwork in Ireland to create a new offshore subsidiary. By moving Bristol Myers’s profits through the subsidiary, the American drugmaker could substantially reduce its U.S. tax bill. Years later,...

Chart 2: Wealthy Taxpayers Rely Less on Wage and Salary Income Than Any Other Income Class Chart 3: Changes In Tax Rates Have Little Effect on Revenues Chart 4: Rich Pay More Following 1920s Tax Cuts Chart 5: Rich Paid More Under 1960s Kennedy Tax Cuts Chart 6: Reagan Tax Cuts Generated 31% More Tax Revenue From the Wealthy Chart 7: Higher Tax Rates, Lower Revenue Introduction One of the most important fiscal policy debates developing in this election involves the question of whether changes in tax policy have "supply-side" effects. In other words, will lower tax rates increase economic growt...