Month: September 2021

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In this article WRBY A customer tries on glasses at a Warby Parker store in Los Angeles. Michael Buckner | Getty Images Warby Parker’s stock debut may be a bit different from the norm, yet the expert advice still applies: Invest with caution. The popular eyewear maker began trading publicly on Wednesday through what’s called
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Recent proposals from the Biden administration and congressional Democrats aim to hike taxes on the foreign profits of U.S. multinationals, resting on the claim that U.S. multinationals pay very low tax rates on these foreign profits. But how heavily taxed are they, and how would various proposals affect these tax rates? U.S. multinational enterprises (MNEs)
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Democrats in Congress are considering a plan that would require banks to report accounts with at least $10,000 to the Internal Revenue Service — well above the Biden administration’s proposed $600 threshold — while also exempting some common transactions from the law. “We’ve made some significant movement on the number,” House Ways and Means Committee
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Seven new members have joined the Internal Revenue Service’s Electronic Tax Administration Advisory Committee. The committee is a public forum for the discussion of issues in electronic tax administration with a primary goal is to promote paperless filing of tax and information returns. ETAAC members also work with the Security Summit, a joint effort of