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Even with a 15-year window to pay taxes, a near-doubling of the capital gains rate and the elimination of the step-up in basis loophole will make a sale expensive.
June 8
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Several of the world’s most prominent billionaires paid minimal or no federal income tax in some years, ProPublica reported.
June 8
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Some of the world’s most powerful heads of state will meet in England later this week to confer on the biggest issues facing humanity.
June 8
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The Internal Revenue Service is sending letters to over 36 million families about how they may be able to qualify for monthly Child Tax Credit payments, beginning in July.
June 7
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The work-from-home environment is producing tax complexities for companies and their human resources departments.
June 7
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A tax deal between the world’s richest countries brings global governments a step closer to clawing back some power from technology giants that have used century-old regimes to build up wealth eclipsing the economies of most nations.
June 7
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Small countries, including Ireland, have expressed concern about a global deal that could undermine their efforts to attract multinationals.
June 7
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The club of rich nations secured a landmark deal that could help them collect more taxes and impose levies on U.S. tech giants such as Amazon and Facebook.
June 6
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Group of Seven governments are nearing a deal to pursue a minimum corporate tax rate of at least 15% in international negotiations, but remain at odds over how to treat global technology companies.
June 4
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The proposal sets aside the Biden administration’s proposal to raise the headline corporate income rate to 28% from 21% — a non-starter for Republican lawmakers — though that could be pursued elsewhere.
June 4
