White House Tells Democrats Corporate Tax Hike Unlikely in Current Bill
President Joe Biden’s plans to hike the corporate tax rate to 28 per cent from 21 per cent are likely to be one of the steep concessions he makes.
Recent
Democrats Raise Proposed IRS Bank Reporting Threshold
Democrats raise proposed IRS bank reporting threshold to $10,000 from $600. Earlier proposal of $600 drew criticism for being too intrusive.
Year-End Financial Planning: How to Prepare for Biden's Proposed Tax Changes
There’s plenty of year-end financial and tax planning moves for taxpayers to consider now should President Biden's new tax proposals become law.
US Infrastructure Bill Does Not Include 61 Percent Estate Tax
President Biden proposed an increase to taxes after death earlier this year, it only applied to wealthy and is not included in current legislation.
Don’t Believe The Hype
Biden’s $600 Tax Plan Won’t Force You to Report All Venmo Transactions to the IRS.
A Popular Way To Avoid Capital Gains Taxes
There's one strategy not targeted for the chopping block. This maneuver can both reduce your capital gains tax and allow you to help others in need.
What the Pandora Papers Reveal About the Wealth of World Leaders
A trove of confidential documents outlining how global elites squirrel away their wealth to avoid tax has been laid bare in the “Pandora Papers.”