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Before the end of the year, the European Union has just over two months to make headway on a slew of tax projects, including overhauls of energy, cryptocurrency, e-commerce, and cigarette taxation. In the next months, the European Commission—the EU’s executive branch—will also press countries to implement new rules to equalize the tax treatment of debt and equity and discourage the creation of shell firms for tax avoidance purposes.
Why The European Union Hopes to Make Progress on Cryptocurrency, Energy, And Online Tax Reform?
We are in the midst of an ambitious agenda on international and European tax reforms to create a fairer tax system,” and EU member states must “up to the occasion. As inflation rises, the IRS raises the 401(k) contribution limit by a record amount. In the face of rising inflation, the Internal Revenue Service is increasing the amount of money Americans can put into 401(k) plans by a record amount next year.
Taxes make digital nomad status a myth for the majority of workers and businesses. Employers, particularly technological firms, feel forced to offer remote work in order to recruit and retain talent. However, while dozens of nations promote their digital nomad visas, tax standards have not always kept up, leaving businesses, employees, and independent contractors to figure out their tax liability.
The tax hit that chilled bets on the Kroger-Albertsons deal have vanished. The arbitrage community has stayed away from Kroger Co.’s proposed takeover of Albertsons Cos. for a reason unrelated to the transaction: taxes. Our Insights and Commentary team recently asked tax practitioners why they do what they do, and we’re posting some of our favorite responses this week. The topic of today’s inquiry is what tax professionals enjoy most about their employment.
Taxes make digital nomad status a myth for the majority of workers and businesses. Employers, particularly technological firms, feel forced to offer remote work in order to recruit and retain talent. However, while dozens of nations promote their digital nomad visas, tax standards have not always kept up, leaving businesses, employees, and independent contractors to figure out their tax liability.
Insights for the Week: Taxation Is a Picture-Perfect Profession. I was viewing the original “Ghostbusters” with my kids a few years back. The Ghostbusters finally catch up with Slimer in a critical sequence shot at The Millennium Biltmore Hotel. They point their proton packs and fire. The chandelier smashes onto the table, shattering plates and furnishings.
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