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U.S. companies succeed and maintain their success by engaging in research & development (R&D) that results in innovative products and services reaching customers around the world. But U.S. policies that create tax or regulatory penalties, such as the drug pricing and excise tax proposal lawmakers are considering in the reconciliation package, can curtail R&D spending
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Carr, Riggs & Ingram, a Top 25 Firm based in Enterprise, Alabama, has expanded in North Carolina by adding Sharrard, McGee & Co., a firm with offices in High Point and Greensboro. CRI already operates in more than 30 markets across 10 states. The firm ranked 22nd on Accounting Today’s 2021 list of the Top
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Introduction Tax Foundation welcomes the opportunity to respond to the public consultation on the OECD International Tax Proposals. Tax Foundation is a nonprofit think tank based in Washington, D.C., and our mission is to improve lives through tax policies that lead to greater economic growth and opportunity. We use the four principles of simplicity, neutrality,
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Thomas Barwick When it comes to income in retirement, one looming question confronts most individuals: How much money is enough? While the answer to that question in never black-and-white, recent headlines about the solvency of Social Security could be injecting more fear into that dilemma. Last week, the Social Security Administration released its annual trustees
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Sen. Ron Wyden (D-OR) has introduced a series of proposals that may be considered in the budget reconciliation process, including two bills that would change the tax treatment of financial services: derivatives and carried interest. Notably, both proposals would enact “mark-to-market” taxation for derivatives and carried interest, which could be a precursor to broader taxation
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Victims of Hurricane Ida in parts of New York and New Jersey now have until early January to file various federal individual and business returns and make tax payments. The relief, comparable to that provided last week to Ida victims in Louisiana, is for any area designated by the Federal Emergency Management Agency as qualifying
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The technological advancements that allowed many employees to work from home and patients to seek medical care remotely throughout the COVID-19 pandemic would have been impossible without earlier investments in research & development (R&D). Likewise, thanks to decades of R&D in the pharmaceutical industry and the resulting technological breakthroughs, nearly every adult in the United
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Tuesday, the U.S. Treasury Department released a blog authored by Treasury officials Itai Grinberg and Rebecca Kysar. Though the blog purports to make a case for President Biden’s proposal to increase the current minimum tax on foreign profits of U.S. companies, its arguments rely on a very narrow interpretation of current law and the president’s
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Canfield, Ohio-based Top 100 Firm HBK CPAs & Consultants is merging in Pittsburgh-based managed service provider Vertical Solutions to combine operations with its subsidiary HBK IT. The merged companies will be renamed Vertiliocity and operate out of Pittsburgh, Clark, New Jersey, and the Denver area. Current Vertical Solutions president Bruce Nelson will lead the combined
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With more work becoming remote, there have been additional challenges for managers looking to keep teams productive and happy. Successfully managing remote workers can be challenging, but it can be incredibly rewarding and lead to a happier team if given the right tools and resources. That’s why we’ve created the ultimate guide to managing remote
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U.S. Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles P. Rettig at a June 8, 2021 Senate Finance Committee hearing. Tom Williams | Pool | Reuters Congressional Democrats are floating a slew of taxes to help cover their $3.5 trillion budget plan, including new levies on the wealthy.   Senate Finance Committee Chairman