Taxes

States and cities constantly try to attract new businesses, through marketing, publicity, and branding events like the Super Bowl or presidential conventions. But among the most expensive things they do—and arguably the most wasteful and distracting—is granting tax and regulatory subsidies to companies, many of whom don’t need them. In New York State, Reinvent Albany
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August was an exciting month for those who follow U.S. transfer pricing litigation. Courts handed down opinions in the high-stakes, long-running Medtronic MDT Inc. v. Commissioner and Eaton v. Commissioner cases. Although it is too soon to predict the long-term consequences of each opinion, for now both represent at least a partial loss for the
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Share to Facebook Share to Twitter Share to Linkedin Dividend stocks are securities that include a regular distribution of the issuing company’s earnings. They operate like ordinary stocks and represent a share of ownership in a company. The stock price may move up or down. As long as the shareholder owns a stock, they receive
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Tax Notes contributing editor Ryan Finley discusses the latest updates in recent transfer pricing cases Eaton and Medtronic II. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: trials and tabulations. Periodically, we like to
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Share to Facebook Share to Twitter Share to Linkedin In recent years Britain has made ghastly mistakes on energy and the economy; consequently, it has the worst-performing economy among major nations. The Biden Administration seems hell-bent on following this disastrous model. However, this episode of What’s Ahead lays out the good news: The Sceptred Isle’s
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Share to Facebook Share to Twitter Share to Linkedin For decades, the International Monetary Fund has been the scourge of countries that get into economic trouble, yet its authority has never been seriously challenged. Today, this is especially dangerous. The deadly combination of inflation and food shortages is putting numerous nations on the brink of
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After President Biden announced that the federal government would forgive the student loans of millions of Americans, either in whole or in part, borrowers rejoiced. Yet the celebrations may have begun too soon. All told, the estimated amount of debt eligible for forgiveness totals between $300 billion and $519 billion, depending on whom one asks.
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Dire warnings about commercial real estate appear almost daily these days. While office markets are stressed due to increased working from home, some real estate professionals see an increasingly bifurcated market, divided “into haves and have-nots.” Investors, renters, and cities—especially those with older, declining buildings— will need to pay close attention in the coming months
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An IRS Form W-9 verifies your taxpayer ID number, typically your Social Security Number, or for a company, your employer identification number. Before paying you, many companies will ask for this form so they can issue you an IRS Form 1099. If you want to be paid, refusing to hand over a Form W-9 can
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The economics profession continues to struggle with gender inequality, with data showing “the gender gap in economics is the largest of any academic discipline.” So what can we learn from a new biography of a remarkable pioneering woman economist—Janet Yellen? In Empathy Economics, Owen Ullmann shows us a highly competent economist, but also someone with
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New York Attorney General Letitia James’ complaint against former President Donald Trump, Donald Trump Jr., Eric Trump, Ivanka Trump, Allen Wesselberg, Jeffrey McConney and ten entities including the Trump Organization is not mainly focused on taxes. It is mostly about Trump gaining advantages such as favorable loan terms and insurance provisions by purportedly misrepresenting his
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