Just a Tax Lawyer
@justataxlawyer.bsky.social
Tax lawyer discussing the latest in tax regulation, legislation, and policy. Washington, DC.
Idk what’s going on. All I know for sure is that I don’t want to see the zoomed out photo. Cant handle that shit twice.
September 12, 2024 at 10:20 AM
Idk what’s going on. All I know for sure is that I don’t want to see the zoomed out photo. Cant handle that shit twice.
Reposted by Just a Tax Lawyer
“Automating an anticompetitive scheme does not make it less anticompetitive,” the DOJ said.
November 18, 2023 at 5:07 PM
“Automating an anticompetitive scheme does not make it less anticompetitive,” the DOJ said.
OECD pillar 1 and 2 compromise is supposed to stop countries' individual DSTs. The US lets some tax revenue from bigtech go to the countries that buy their products, those countries agree to a minimum corporate tax rate to reduce offshoring. Delays (often the US's fault) are making that harder.
Canada refuses to delay digital services tax further as overall multinational tax agreement pushed back
https://www.theglobeandmail.com/politics/article-canada-refuses-to-delay-digital-services-tax-further-as-overall/
https://www.theglobeandmail.com/politics/article-canada-refuses-to-delay-digital-services-tax-further-as-overall/
Canada refuses to delay digital services tax further as overall multinational tax agreement pushed b...
Chrystia Freeland says lack dats to implement treaty for global multinationals taxation deal puts Canada at a disadvantage to countries that have already implemented a digital services tax
www.theglobeandmail.com
November 5, 2023 at 2:18 PM
OECD pillar 1 and 2 compromise is supposed to stop countries' individual DSTs. The US lets some tax revenue from bigtech go to the countries that buy their products, those countries agree to a minimum corporate tax rate to reduce offshoring. Delays (often the US's fault) are making that harder.
The author goes on to say Thomas may not have to have reported income if his billionaire buddy filed gift taxes on $260k forgiven loan - but afaict that just means there's two tax returns the Senate should be investigating.
Clarence Thomas’ Forgiven RV Loan Could Put Him in Trouble With the IRS
A canceled debt is typically income. Did he pay taxes on it?
slate.com
October 28, 2023 at 7:18 PM
The author goes on to say Thomas may not have to have reported income if his billionaire buddy filed gift taxes on $260k forgiven loan - but afaict that just means there's two tax returns the Senate should be investigating.
There was a lot of misinformation (and just bad information) during the pandemic about the employee credits, but also a lot of plain fraud. So much fraud the IRS is just admitting they're never going to be able to address most of it and are instead giving everyone a free do-over.
IRS unveils 'special withdrawal process' for small businesses that claimed pandemic-era tax credit
The IRS on Thursday announced a special withdrawal process for small businesses that may have wrongly claimed the so-called employee retention tax credit.
www.cnbc.com
October 22, 2023 at 8:01 PM
There was a lot of misinformation (and just bad information) during the pandemic about the employee credits, but also a lot of plain fraud. So much fraud the IRS is just admitting they're never going to be able to address most of it and are instead giving everyone a free do-over.
Curious to read when published, but it seems a little much to say that optics plays an "outsized" role in tax reform vs. expert opinion. Congress and the President responding to public opinion instead of yielding to regulatory capture is not a failure of sound policy.
TaxProf Blog: Fleischer Presents Tax Optics: The Inflation Reduction Act Of 2022 Today At Columbia
Victor Fleischer (UC-Irvine; Google Scholar) presents Tax Optics: The Inflation Reduction Act of 2022 at Columbia today as part of its Davis Polk & Wardwell Tax Policy Colloquium hosted by Michael Lov...
taxprof.typepad.com
October 22, 2023 at 6:59 PM
Curious to read when published, but it seems a little much to say that optics plays an "outsized" role in tax reform vs. expert opinion. Congress and the President responding to public opinion instead of yielding to regulatory capture is not a failure of sound policy.
It's always been jarring that the normal liberal and conservative rhetoric is turned upside down for the SALT deduction. A fairly liberal org says the SALT cap results in "double taxation" (pretty disingenuous) and calls for a repeal of the first genuine tax increase on high-earners in decades.
Legislation to restore the state and local tax (SALT) deduction introduced in 118th Congress
Congress recently introduced several bills to restore the federal SALT deduction
www.naco.org
October 22, 2023 at 5:10 PM
It's always been jarring that the normal liberal and conservative rhetoric is turned upside down for the SALT deduction. A fairly liberal org says the SALT cap results in "double taxation" (pretty disingenuous) and calls for a repeal of the first genuine tax increase on high-earners in decades.
Reposted by Just a Tax Lawyer
New: Clarence Thomas Secretly Participated in Koch Network Donor Events
Thomas has attended at least two Koch donor summits, putting him in the extraordinary position of having helped a political network that has brought multiple cases before the Supreme Court.
www.propublica.org/article/clar...
Thomas has attended at least two Koch donor summits, putting him in the extraordinary position of having helped a political network that has brought multiple cases before the Supreme Court.
www.propublica.org/article/clar...
Clarence Thomas Secretly Participated in Koch Network Donor Events
Thomas has attended at least two Koch donor summits, putting him in the extraordinary position of having helped a political network that has brought multiple cases before the Supreme Court.
www.propublica.org
September 22, 2023 at 9:10 AM
New: Clarence Thomas Secretly Participated in Koch Network Donor Events
Thomas has attended at least two Koch donor summits, putting him in the extraordinary position of having helped a political network that has brought multiple cases before the Supreme Court.
www.propublica.org/article/clar...
Thomas has attended at least two Koch donor summits, putting him in the extraordinary position of having helped a political network that has brought multiple cases before the Supreme Court.
www.propublica.org/article/clar...
Reposted by Just a Tax Lawyer
I literally do not think this has ever been true
August 24, 2023 at 3:37 PM
I literally do not think this has ever been true
Reposted by Just a Tax Lawyer
EVERY CANDIDATE: “And if Joe Biden doesn’t like it, he can cry his way out of the White House!”
(audience applauds)
EVERY CANDIDATE: “Wait one more thing: so each of these people on stage except for me are secret vampires who did 9/11.”
(audience boos)
HOST: “Let’s talk taxes
(audience applauds)
EVERY CANDIDATE: “Wait one more thing: so each of these people on stage except for me are secret vampires who did 9/11.”
(audience boos)
HOST: “Let’s talk taxes
August 24, 2023 at 1:30 AM
EVERY CANDIDATE: “And if Joe Biden doesn’t like it, he can cry his way out of the White House!”
(audience applauds)
EVERY CANDIDATE: “Wait one more thing: so each of these people on stage except for me are secret vampires who did 9/11.”
(audience boos)
HOST: “Let’s talk taxes
(audience applauds)
EVERY CANDIDATE: “Wait one more thing: so each of these people on stage except for me are secret vampires who did 9/11.”
(audience boos)
HOST: “Let’s talk taxes