Ever since President Obama raised the idea of taxing health care benefits, I’ve been asked what I think about the plan. Specifically, I’ve received a number of emails which more or less ask three questions:
How would it work? Do I think it’s fair? Do I like it?I’m happy to oblige. But first, [...]
Credit cards don’t just strong-arm people; they strong-arm businesses, too. Or at least try to. Back in the day, MasterCard tried to force businesses to accept debit cards branded with MasterCard at businesses where those credit cards were accepted. Many businesses (including Wal-Mart) took umbrage, claiming that [...]
We are discussing the recent speech given by Commissioner Paredes before the conference sponsored by the Center for Capital Markets Competitiveness at the Chamber of Commerce. The speech is conveniently posted on the Harvard Corporate Governance site.
We will leave aside his contention that somehow his argument for an [...]
The Tax Update is taking the day off. If you are at the Iowa City Jazz Fest, maybe I'll see you there tonight.
Have a great day!
' [...]New Statesman - We hate to say it, but there is a third way.
There’s no ignoring the hole in the public finances, and the left should show that it, too, can be thrifty in straitened times. But that doesn’t mean timidly accepting the slash-and-burn, smaller-state proposals of the Tories. [...]
KPMG has reported:
HMRC will require UK companies to submit both CT returns and company accounts online in an XBRL electronic format for accounting periods ending after 31 March 2010.
The majority of companies are completely unaware of this ‘ticking time-bomb’. The problem isn’t the filing of CT Returns (tax software [...]
Since most people are taking tomorrow off to begin their holiday weekend early, I wanted to make sure to wish all of my readers a happy Independence Day in my posts today. Be sure to be safe, and enjoy the patriotic holiday!The application deadline for the popular $10,000 California homebuyers tax credit is today. The California Franchise Tax Board had extended the number of applications they would accept, and there are now 75 spots left for California taxpayers who are eligible for the credit. However, according to the Sacramento Bee [...]
The IRS posted a new press release recently announcing that the National Taxpayer Advocate Service (TAS) had delivered their mid-year report to congress earlier this week. In the report, the TAS emphasizes the importance of tax preparer oversight, improving taxpayer services, improving access to the offer in compromise program, [...]
From Reuters.com:
U.S. bank regulators on Thursday clashed over stringent proposed guidelines for private equity investments in failed banks, with some officials expressing concern that the tough proposals could scare away needed capital.
The heads of the Office of the Comptroller of the Currency and the Office [...]
According to a new analysis from the Wall Street Journal, the amount of money U.S. Senators and members of the House of Representatives has increased drastically over the past decade. The findings have many Americans concerned, wondering why Congress is excessively spending taxpayer money while the rest of the [...]
