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Hunt to Rule Out Tax Cuts While Touting UK’s Brexit Potential
Chancellor of the Exchequer
Indonesia Considers Plan to Tighten Grip Over Palm Oil Exports
Indonesia, the biggest
Manchin Rages Against Attempts to Broaden EV Tax Credit
Senator
OECD Minimum Tax Guidance Expected Soon, Treasury Official Says
The OECD will release further guidance “very soon” on the global minimum tax, a Treasury official said Thursday at a District of Columbia Bar tax conference.
JCT Staffer Clarifies Intent of Exceptions for Stock Buyback Tax
An exception that exempts repurchase of stock as part of a reorganization from the 1% stock buyback tax applies “to the extent that” no gain or loss is recognized, a Joint Committee on Taxation staffer said Thursday.
Use Multilateral Treaty for Pillar Two Disputes, IRS Official Says
A multilateral convention, or treaty, might be the best vehicle to resolve disputes between countries that arise over the pending global minimum tax, an IRS official said Thursday.
Watchdog Calls for More Education for Companies on 1099-K Forms
Third-party settlement companies need more education to ensure they don’t incorrectly send 1099-K forms to taxpayers next year for personal transactions, National Taxpayer Advocate Erin Collins said Thursday.
Will the Global Minimum Tax End the Race to the Bottom?
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