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7,741 results on '"Credit -- Laws, regulations and rules"'

251. Gold and bitcoin: Tax implications of physical and virtual mining.

Author

White, Craig

Subjects
Crypto-currencies -- Investments -- Taxation, Investment tax credit -- Laws, regulations and rules -- Management, Gold mines and mining -- Investments -- Taxation, Government regulation, Company business management, Company investment, Internal Revenue Code (I.R.C. 61) (I.R.C. 83)
Abstract

As cryptoassets, such as bitcoin, have gained status as virtual assets, commentators have suggested that they serve as the new virtual gold. (1) Both gold and cryptoassets share many characteristics, [...]

Published
2021

253. Future of enhanced child care credit still in limbo

Author

Solomon, Dave

Subjects
Child tax credit -- Laws, regulations and rules -- Political aspects, Homeless persons -- Political activity -- Laws, regulations and rules -- Tax policy -- Political aspects, Households -- Political aspects -- Laws, regulations and rules, Taxation -- Political aspects -- Laws, regulations and rules, Child care -- Political aspects -- Laws, regulations and rules, Government regulation, Business, Business, regional
Abstract

Benefit seen as an effective weapon in fighting poverty A retired gentleman raising his 13-year-old grandson in Manchester. A homeless man with a 9-year-old daughter in Concord. A mother of [...]

Published
2022

254. Citizens Bank to pay $9M penalty to CFPB for unlawful credit card servicing

Subjects
Banks (Finance) -- Laws, regulations and rules, Consumer protection -- Laws, regulations and rules, Credit card processing services -- Laws, regulations and rules, Consumer credit -- Laws, regulations and rules, Government regulation, Business, News, opinion and commentary
Abstract

The Consumer Financial Protection Bureau said it has reached a settlement to resolve allegations that Citizens Bank violated consumer financial protection laws and rules that protect individuals when they dispute [...]

Published
2023

255. FTC launches inquiry into small business credit reports

Subjects
United States. Federal Trade Commission -- Laws, regulations and rules, D&B Corp. -- Laws, regulations and rules, Experian PLC -- Laws, regulations and rules, Small business -- Ireland -- United States, Database industry -- Laws, regulations and rules, Commercial credit -- Laws, regulations and rules, Credit ratings -- Laws, regulations and rules, Credit bureaus -- Laws, regulations and rules, Commercial finance companies -- Laws, regulations and rules, Government regulation, Database industry, Small business, SOHO, Business, News, opinion and commentary
Abstract

The Federal Trade Commission announced it has launched an inquiry into the small business credit reporting industry, ordering five firms in that industry to provide the Commission with detailed information [...]

Published
2023

256. Undoing Welfare Reform: If Congress makes the expanded Child Tax Credit permanent, simple, and universal, it could have reverberations across the entire welfare state

Author

Thomhave, Kalena

Subjects
United States. Congress -- Powers and duties, Social service -- Laws, regulations and rules -- Political aspects, Child tax credit -- Laws, regulations and rules -- Political aspects, Welfare -- Laws, regulations and rules -- Political aspects, Government regulation, Business, general
Abstract

Cheri Honkala has been a welfare rights activist since the 1980s. It's been decades of frustratingly slow work, ensuring that poor mothers like herself could access the benefits they needed [...]

Published
2021

257. Location, Location, Location and Foreign Tax Credits.

Author

Odintz, Joshua D., Lipeles, Stewart, and Weber, Julia Skubis

Subjects
Foreign tax credit -- Laws, regulations and rules -- Management, Domicile in taxation -- Laws, regulations and rules -- Management, Government regulation, Company business management, Internal Revenue Code (I.R.C. 901) (I.R.C. 903)
Abstract

In our last column, we discussed one facet of the final and proposed foreign tax credit regulations, the interaction of foreign tax credits and disregarded transactions. (1) In this column, [...]

Published
2021

258. Practical highlights of recent tax research.

Author

Bolt-Lee, Cynthia E. and Plummer, Elizabeth

Subjects
Research and development tax credit -- Laws, regulations and rules -- Management, Government regulation, Company business management
Abstract

Perhaps more than ever, recent years demonstrate the increasing importance of taxation for both businesses and individuals. This article distills research published in tax and accounting journals of interest to [...]

Published
2021

259. Keeping People in Their Homes: How a Reduction in Property Tax Burden Can Retain Homeownership for Low-Income Communities: Andy O'Connell and Daniel Lange examine how a reduction in property tax burden can retain homeownership for low-income communities.

Author

O'Connell, Andy and Lange, Daniel

Subjects
Homestead law -- Evaluation, Tax incidence -- Laws, regulations and rules, Low income housing tax credit -- Laws, regulations and rules, Home ownership -- Laws, regulations and rules -- Remedies, Real property tax -- Laws, regulations and rules -- Remedies, Government regulation
Abstract

Executive Summary This article seeks to educate policymakers and advocates on the benefits of a reduction in real property tax burdens. In Virginia, there is a dangerous combination of high [...]

Published
2021

260. The Foreign Tax Credit Implications of Reallocating the Income of 'Digital' Taxpayers.

Author

Roin, Julie, Jenn, Brian, Bennett, Mary, Edge, Steve, and McDonald, Tim

Subjects
Foreign tax credit -- Laws, regulations and rules -- Management, Allocation (Taxation) -- Laws, regulations and rules -- Management, Corporate income taxes -- Laws, regulations and rules -- Management, Government regulation, Company business management
Abstract

Momentum continues to build for a fundamental restructuring of the international tax rules to meet the challenges posed by a "digitalized" economy. This panel examined (i) the current international landscape, [...]

Published
2021

261. The Foreign Tax Credit Rules Are Coming into Focus.

Author

Weber, Julia Skubis, Lipeles, Stewart, and Odintz, Joshua D.

Subjects
Foreign tax credit -- Laws, regulations and rules -- Management, Government regulation, Company business management
Abstract

Since we last examined the guidance on foreign tax credits and disregarded transactions, (1) Treasury and the Service have gone back to the drawing board twice, each time partially finalizing [...]

Published
2021

262. Mortgage interest credit aids first-time homebuyers: The subsidy improves affordability for lower-income families.

Author

Wheeler, Travis

Subjects
Mortgages -- Taxation, Interest deductions -- Laws, regulations and rules, Property tax credit -- Laws, regulations and rules, Government regulation, Mortgages, Internal Revenue Code (I.R.C. 25) (I.R.C. 143)
Abstract

Many first-time homebuyers may be unaware of the Sec. 25 mortgage interest credit, which is designed to help low- to middle-income families afford the cost of homeownership. Taxpayers who qualify [...]

Published
2022

263. Changing The Terms Of A Credit Agreement And Forbearance Policies And Measures: New Obligations On Lenders In Consumer And Residential Property Credit Agreements

Subjects
Consumer credit -- Laws, regulations and rules, Government regulation, Business, international
Abstract

Amendments to the Consumer Credit Regulations, S.L. 378.12 (the 'Consumer Credit Regulations') and to the Credit Agreements for Consumers Relating to Residential Immovable Property, S.L. 378.10 (the 'Residential Property Credit [...]

Published
2024

264. HEARING ENTITLED: POLITICIZED FINANCIAL REGULATION AND ITS IMPACT ON CONSUMER CREDIT AND COMMUNITY DEVELOPMENT

Subjects
Community development -- Political aspects -- Laws, regulations and rules, Credit unions -- Political activity -- Political aspects -- Laws, regulations and rules, Consumer credit -- Laws, regulations and rules -- Political aspects, Government regulation, News, opinion and commentary
Abstract

WASHINGTON -- The following information was released by the U.S. House of Representatives Committee on Financial Services, Republican: Hearing Entitled: Politicized Financial Regulation and its Impact on Consumer Credit and [...]

Published
2024

265. AFSA ON COLORADO'S HB 1148

Subjects
Credit management -- Laws, regulations and rules, Consumer credit -- Laws, regulations and rules, Government regulation, News, opinion and commentary
Abstract

WASHINGTON -- The following information was released by the American Financial Services Association (AFSA): This week, AFSA's State Government Affairs team sent a comment letter to the Colorado General Assembly [...]

Published
2024

266. Changing The Terms Of A Credit Agreement And Forbearance Policies And Measures: New Obligations On Lenders In Consumer And Residential Property Credit Agreements

Author

Formosa, Catherine

Subjects
Bank overdrafts -- Laws, regulations and rules, Financial services industry -- Laws, regulations and rules, Consumer credit -- Laws, regulations and rules, Personal loans -- Laws, regulations and rules, Government regulation, Financial services industry, Business, international, European Union -- Laws, regulations and rules
Abstract

Amendments to the Consumer Credit Regulations, S.L. 378.12 (the 'Consumer Credit Regulations') and to the Credit Agreements for Consumers Relating to Residential Immovable Property, S.L. 378.10 (the 'Residential Property Credit [...]

Published
2024

267. Russian Federation : The Federation Council approved the introduction of self-bans for citizens to receive loans

Subjects
Consumer credit -- Laws, regulations and rules, Loans -- Laws, regulations and rules, Government regulation, Company financing, Business, international
Abstract

The Federation Council approved amendments to the laws On Credit Histories and On Consumer Credit (Loan) regarding citizens self-prohibition of loans (draft bill 341256-8 ). The right of the borrower [...]

Published
2024

268. Russian Federation : The law on self-prohibitions on loans was adopted by the State Duma in the second and third readings

Subjects
Russia. State Duma -- Laws, regulations and rules, Consumer credit -- Laws, regulations and rules, Amendments (Parliamentary practice) -- Laws, regulations and rules, Government regulation, Business, international
Abstract

An individual will have the right to submit applications free of charge to establish or lift a ban any number of times to all BKIs through the MFC or through [...]

Published
2024

269. 2023 Year In Review: Market Overview - Lessons From 2023, Emerging Issues For 2024

Author

Rose-Smith, Sabrina

Subjects
United States. Consumer Financial Protection Bureau -- Powers and duties, Banking law, Consumer credit -- Laws, regulations and rules, Consumer finance companies -- Laws, regulations and rules, Truth-in-lending -- Laws, regulations and rules, Government regulation, Business, international, Consumer Financial Protection Act of 2010
Abstract

For the consumer finance industry, 2023 was all about the Consumer Financial Protection Bureau (CFPB or Bureau). As Goodwin predicted last year, the uptick in regulatory and enforcement activity observed [...]

Published
2024

271. Unpacking New York's Proposed Legislation To Regulate Buy Now Pay Later

Author

Gerrick, Juliana

Subjects
Consumer protection -- Laws, regulations and rules, Consumer credit -- Laws, regulations and rules, Installment contracts -- Laws, regulations and rules, Government regulation, Business, international
Abstract

On January 17, New York Governor Kathy Hochul proposed legislation to regulate buy now pay later (BNPL) products. Governor Hochul previewed the proposal in early January, which is intended to [...]

Published
2024

272. FAS INITIATED A CASE AGAINST FC OTKRITIE BANK

Subjects
Banks (Finance) -- Laws, regulations and rules, Consumer credit -- Laws, regulations and rules, Government regulation, News, opinion and commentary
Abstract

MOSCOW, Russia -- The following information was released by the Federal Antimonopoly Service of the Russian Federation: The Authority revealed signs of a violation of the Law on Advertising in [...]

Published
2024

273. FTC Settles With Subscription-Based Business For Alleged Discriminatory & Deceptive Practices

Author

Kumar, Paavana

Subjects
United States. Federal Trade Commission -- Powers and duties, Consumer complaints -- Laws, regulations and rules, Financial services industry -- Discipline, Compromise and settlement -- Laws, regulations and rules, Discrimination in consumer credit -- Laws, regulations and rules, Government regulation, Financial services industry, Business, international
Abstract

The Bottom Line The FTC settled charges with FloatMe, a subscription-based online cash provider, related to discriminatory cash advance practices, negative option subscriptions, dark patterns and baseless claims around algorithmic [...]

Published
2024

274. Federal Reserve Announces The Bank Term Funding Program Will Cease Making New Loans As Scheduled On March 11

Author

Burlingham, Josh

Subjects
United States. Federal Reserve Board -- Powers and duties, Government lending -- Laws, regulations and rules, Consumer credit -- Laws, regulations and rules, Federal Reserve banks -- Services, Government regulation, Business, international
Abstract

In this Issue. The Board of Governors of the Federal Reserve System (Federal Reserve) announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on [...]

Published
2024

275. New Regulations Set to Improve Indonesia's Insurance Sector Dynamics

Subjects
Credit insurance -- Laws, regulations and rules, Consumer credit -- Laws, regulations and rules, Government regulation, Company securities, General interest, News, opinion and commentary
Abstract

New York: Fitch Ratings has issued the following commentary: Tougher minimum equity requirements for Indonesian insurers are likely to reduce the number of companies operating in the sector and encourage [...]

Published
2024

276. Tax Package/ERC Update (Beltway Buzz, January 26, 2024)

Author

Plunkett, James J.

Subjects
United States. Congress -- Powers and duties, Employment tax credit -- Laws, regulations and rules, Bills, Legislative, Employee retention -- Laws, regulations and rules, Tax law -- Interpretation and construction, Government regulation, Tax law, Business, international, Tax Relief for American Families and Workers Act of 2024 (Draft)
Abstract

The Beltway Buzz is a weekly update summarizing labor and employment news from inside the Beltway and clarifying how what's happening in Washington, D.C. could impact your business. Tax Package/ERC [...]

Published
2024

277. Federal Government Addresses Predatory Lending Practices With Proposed Criminal Interest Rate & Regulations

Author

Belli-Bivar, Eric

Subjects
Consumer protection -- Laws, regulations and rules, Predatory lending -- Laws, regulations and rules, Consumer credit -- Laws, regulations and rules, Interest rates -- Laws, regulations and rules, Government regulation, Business, international
Abstract

On December 23, 2023, the federal government published the proposed Criminal Interest Rate Regulations (the 'Regulations') for public consultation. These Regulations form part of the biggest change to the criminal [...]

Published
2024

278. SENATE URGED TO PASS PRO-LIFE AND PRO-FAMILY LEGISLATION

Subjects
United States. House of Representatives -- Tax policy -- Political activity, Child tax credit -- Laws, regulations and rules -- Political aspects, Pro-life movement -- Political aspects -- Laws, regulations and rules, Government regulation, News, opinion and commentary
Abstract

WASHINGTON, DC -- The following information was released by Americans United for Life (AUL): Harry Scherer The Tax Relief for American Families and Workers Act heads to the Senate. By [...]

Published
2024

279. Pandemic Relief Funding for Child Care Has Expired. What Now?

Author

Kessler, Sarah and Moses, Claire

Subjects
Child tax credit -- Laws, regulations and rules, Epidemics -- Economic aspects, Child care services -- Forecasts and trends, Child care -- Forecasts and trends, Domestic economic assistance -- Laws, regulations and rules, Government regulation, Market trend/market analysis, General interest, News, opinion and commentary
Abstract

More than 80 percent of licensed child care providers in the United States received the grants, which they used to pay bills and raise wages for staff. As the U.S. [...]

Published
2023

280. NO CHILD SHOULD GO HUNGRY

Subjects
Child tax credit -- Laws, regulations and rules -- Political aspects, Legislators -- Political activity -- Tax policy -- Laws, regulations and rules -- Political aspects, Government regulation, News, opinion and commentary
Abstract

WASHINGTON, DC -- The following information was released by First Focus: Child hunger does not have to exist. Incredibly, policies that could keep children from going hungry are staring lawmakers [...]

Published
2024

281. IRS Disallows 20,000 ERC Tax Refund Claims As Enforcement Tightens

Author

Wood, Robert W.

Subjects
United States. Internal Revenue Service -- Powers and duties, Employment tax credit -- Laws, regulations and rules, Employee retention -- Laws, regulations and rules, Government regulation, Business, international
Abstract

As part of continuing efforts to combat dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service is sending an initial round of more than 20,000 letters to taxpayers notifying [...]

Published
2024

282. Boosting Business Growth: Unleashing The Benefits Of State-Based Jobs Tax Credits

Author

Sloss, Andrew C.

Subjects
Employment tax credit -- Laws, regulations and rules, Government regulation, Company business management, Business, international
Abstract

In today's competitive business environment, companies must continuously be seeking innovative strategies to drive growth, enhance profitability, create employment opportunities, and successfully compete for and retain talent. One powerful tool [...]

Published
2024

283. The Great Rate Escape: Commercial Loans No Longer Criminal

Subjects
Corporations -- Finance, Consumer credit -- Laws, regulations and rules, Personal loans -- Laws, regulations and rules, Government regulation, Business, international
Abstract

On December 23, 2023, the federal government proposed new regulations1 (the 'Regulations') which represent a significant step in the ongoing transformation of the criminal rate of interest regime. The Regulations [...]

Published
2024

284. COMMUNITY REINVESTMENT ACT: FREQUENTLY ASKED QUESTIONS REGARDING THE STATE SMALL BUSINESS CREDIT INITIATIVE 2.0

Subjects
Small business -- Laws, regulations and rules, Community banks -- Laws, regulations and rules, Commercial credit -- Laws, regulations and rules, Government regulation, Small business, SOHO, News, opinion and commentary, Community Reinvestment Act of 1977
Abstract

WASHINGTON -- The following information was released by the Comptroller of the Currency: Summary The Office of the Comptroller of the Currency (OCC) today published answers to frequently asked questions [...]

Published
2024

285. Tax-saving opportunities for the housing and construction industries.

Author

Stepan, Anna and Yeh, Shaun

Subjects
Housing developers -- Investments -- Taxation, Construction industry -- Investments -- Taxation, Research and development tax credit -- Laws, regulations and rules, Government regulation, Company investment, Coronavirus Aid, Relief, and Economic Security Act of 2020, Internal Revenue Code (I.R.C. 179D) (I.R.C. 41)
Abstract

During this past year, most income tax professionals were focused on meeting filing deadlines, assisting clients with questions regarding Paycheck Protection Program loans, navigating the tax law changes in the [...]

Published
2020

286. Research and Experimentation Credits: Unraveling research, risk, documentation, and litigation.

Author

King, Kathleen, Sadler, Alex, and Rodolph, Doug

Subjects
Research and development tax credit -- Laws, regulations and rules -- Management, Government regulation, Company business management
Abstract

After COVID-19 forced the cancellation of TEI's 70th Midyear Conference in March, we explored different ways to deliver content to our members and meet their continuing professional education (CPE) needs. [...]

Published
2020

287. Taxes, Corporations, and Infrastructure: Filling the Gap?

Author

Mann, Roberta

Subjects
Epidemics -- Environmental aspects -- Economic aspects, Investment tax credit -- Laws, regulations and rules, Corporate social responsibility -- Laws, regulations and rules, Infrastructure (Economics) -- Laws, regulations and rules, Corporations -- Taxation, Alternative energy sources -- Laws, regulations and rules, Government regulation
Abstract

The COVID-19 pandemic has exposed many vulnerabilities in American society. While we focus on the pandemic in the spring of 2020, the climate crisis continues, without any federal action in [...]

Published
2020

288. The Research & Experimentation Credit: New Issues on the Horizon; Are you current on the latest administrative, legislative, and legal developments?

Author

Stogiannes, Diane, Quattlebaum, Adam, Kovacev, Rob, and Sadler, Alex

Subjects
Research and development tax credit -- Laws, regulations and rules -- Management, United States. Internal Revenue Service. Large Business and International Division -- Investigations -- Management, Company legal issue, Government regulation, Company business management
Abstract

The Internal Revenue Service's Large Business and International Division (LB&I) has recently turned its focus back to the research tax credit by announcing new campaigns and directives. LB&I's efforts aim [...]

Published
2020

289. Divorce Tax Reform Two Years After Passage What Hath Congress Wrought?

Author

Ashton, Mark

Subjects
Transfer taxes -- Laws, regulations and rules -- History, Child tax credit -- Laws, regulations and rules -- History, Tax reform -- Laws, regulations and rules -- History, Tax exemption -- Laws, regulations and rules -- History, Alimony -- Taxation -- Laws, regulations and rules -- History, Divorce settlements -- Laws, regulations and rules -- Taxation -- History, Tax deductions -- Laws, regulations and rules -- History, Government regulation, Tax Cuts and Jobs Act of 2017
Abstract

History has taught both accountants and lawyers that changes in the law come slowly and are more often the product of evolution than revolution. Students of federal income tax history [...]

Published
2020

290. Related-Party Issues with Qualified Opportunity Funds.

Author

Hamill, James R.

Subjects
Capital gains tax -- Laws, regulations and rules, Interest deductions -- Laws, regulations and rules, Deferred tax (Accounting) -- Laws, regulations and rules, Investment tax credit -- Laws, regulations and rules, Special economic zones -- Investments -- Taxation -- Laws, regulations and rules, Related party transactions -- Taxation -- Laws, regulations and rules, Government regulation, Company investment, Tax Cuts and Jobs Act of 2017, Internal Revenue Code (I.R.C. 1400Z)
Abstract

Introduction of Issues to Be Addressed The Tax Cuts and Jobs Act of 2017 (TCJA 2017) created a new opportunity for both deferral and possible exclusion of gains for investments [...]

Published
2020

291. Foreign Tax Redeterminations Under Code Sec. 905(c): Timing Is Everything.

Author

Maydew, Jeff, Lipeles, Stewart, Weber, Julia Skubis, and Smith, Shelbi

Subjects
Tax accounting -- Laws, regulations and rules -- Management, Foreign tax credit -- Laws, regulations and rules -- Management, Government regulation, Company business management, Internal Revenue Code (I.R.C. 905(c))
Abstract

I. Introduction A reasonable assumption in one year can be completely upended in the next. The unpredictable nature of business poses challenges for corporate taxpayers and revenue authorities.1 Change and [...]

Published
2020

292. Research from University of Bucharest Has Provided New Data on Social Science (Important Changes in the Regulation of Loans for Residential Real Estate by Law No 134/2023)

Subjects
Consumer credit -- Laws, regulations and rules, Amendments (Parliamentary practice) -- Laws, regulations and rules, Government regulation, Health, Science and technology, University of Bucharest
Abstract

2024 APR 12 (NewsRx) -- By a News Reporter-Staff News Editor at Science Letter -- Investigators discuss new findings in social science. According to news originating from the University of [...]

Published
2024

293. Fair Lending Developments: Wrestling with Causation.

Author

Ropiequet, John L. and Noonan, L. Jean

Subjects
Causation (Tort law) -- Laws, regulations and rules, Consumer credit -- Laws, regulations and rules, Discrimination in consumer credit -- Laws, regulations and rules -- Remedies, Government regulation
Abstract

INTRODUCTION The past year saw the lower courts wrestle with the aftermath of the U.S. Supreme Court's decision in Bank of America Corp. v. City of Miami (1) that, like [...]

Published
2019

294. The Land of Opportunity Zones: Deferring Taxable Capital Gains Through Investments in Low-Income Communities.

Author

Vardell, Reid S.

Subjects
Capital gains tax -- Laws, regulations and rules -- Management, Deferred tax (Accounting) -- Laws, regulations and rules -- Management, Investment tax credit -- Laws, regulations and rules -- Management, Special economic zones -- Finance -- Investments -- Taxation, Government regulation, Company business management, Company financing, Company investment, Internal Revenue Code (I.R.C. 1400Z)
Abstract

I. INTRODUCTION The market reserve of unrealized capital gains in the United States has grown to an estimated $6 trillion. (1) A new program provides a novel way to incentivize [...]

Published
2019

295. DOES INFORMING EMPLOYEES ABOUT TAX BENEFITS INCREASE TAKE-UP? EVIDENCE FROM EITC NOTIFICATION LAWS.

Author

Cranor, Taylor, Goldin, Jacob, and Kotb, Sarah

Subjects
Earned income tax credit -- Laws, regulations and rules -- Research -- Usage, Notice (Law) -- Laws, regulations and rules -- Research -- Usage, Behavioral economics -- Research, Government regulation
Abstract

I. INTRODUCTION Among the most important anti-poverty programs in the United States today is the Earned Income Tax Credit (EITC). Over 27 million households received an income transfer through the [...], Incomplete take-up of the Earned Income Tax Credit (EITC) is a source of persistent policy concern, with an estimated one-fifth of eligible households failing to claim the credit. To promote take-up, a growing number of jurisdictions require employers to provide EITC information to employees. We study the effect of these requirements, linking state and time variation in the adoption of the notification laws to administrative tax data. Our preferred specification yields precise null effects on EITC claiming, filing behavior, and labor force participation. The results cast doubt on the effectiveness of the notice requirements as implemented and suggest further research into other avenues for increasing tax benefit take-up. Keywords: EITC, welfare programs, information provision, notification law JEL Codes: K34, H53

Published
2019
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296. IS THE TAX CUTS AND JOBS ACT GILTI OF ANTI-SIMPLIFICATION?

Author

Davis, Christine A.

Subjects
Tax administration -- Analysis -- Research, Intangible assets -- Taxation, Corporate income taxes -- Laws, regulations and rules, Controlled foreign corporations -- Taxation, Foreign tax credit -- Laws, regulations and rules, Government regulation, Tax Cuts and Jobs Act of 2017
Abstract

I. INTRODUCTION 319 II. CORPORATE TAX LIABILITY AFTER THE TAX CUTS AND JOBS ACT 321 A. Gross Income 321 1. Gross Income Determination For Cross-Border Corporations 323 a. US Taxation [...], In December 2017, Congress enacted tax reform legislation, commonly referred to as the "Tax Cuts and Jobs Act" or "TCJA," which fundamentally changed the United States' international corporate taxation system. The TCJA was enacted quickly; the bill was signed into law less than 2 months after the House of Representatives introduced it. Since that time, tax professionals across the United States and around the world have worked overtime to try to understand the new tax laws. Now that the U.S. Treasury Department is releasing and requesting comments on proposed tax regulations, practitioners must have a thorough understanding of the TCJA. This paper attempts to reduce the complexity of the TCJA's international tax provisions by examining global intangible low-taxed income ("GILT]") and its interaction with other provisions that implement income taxation of cross border corporations. First, this article outlines corporate income taxation after the TCJA's enactment, and demonstrates how GILTI, the Section 245A deduction, and the other international tax law provisions are integrated into the corporation income tax scheme. Second, a hypothetical cross border corporation is analyzed to demonstrate the calculation of income tax, including the determination of GILTI, Section 245 A deductions, and the foreign tax credit. Third, the article highlights how the current tax system, after the TCJA, is really a hybrid system where some income is taxed as part of the exemption or territorial tax system, while other amounts are still taxed as part of the worldwide tax/foreign tax credit system, which significantly increases the complexity of the United States' international corporate income tax regime. Keywords: Tax Cuts and Jobs Act, TCJA, Global Intangible Low-Taxed Income, GILT1, Section 951A, International Tax, Corporation Tax, Foreign Tax Credit, FTC, Previously Taxed Income, Section 959, Territorial Taxation, Exemption System.

Published
2019

297. Family Policy Meets Deficit Politics: For solutions, consider the supply side

Author

Brown, Patrick T.

Subjects
Cost and standard of living -- Forecasts and trends, Child tax credit -- Laws, regulations and rules -- Political aspects, Inflation (Finance) -- Forecasts and trends -- United States, Family leave -- Laws, regulations and rules -- Political aspects, Subsidies -- Laws, regulations and rules -- Political aspects, Family policy -- Political aspects, Government regulation, Market trend/market analysis, Political science
Abstract

In the improv TV series Whose Line Is It Anyway?, host Drew Carey would welcome the audience to a place 'where the rules are made up and the points don't [...]

Published
2023

298. WYDEN, SMITH ANNOUNCE AGREEMENT ON FRAMEWORK TO REESTABLISH CHILD TAX CREDIT: Senate Finance Committee Chairman Ron Wyden (D-Ore.) and House Ways and Means Committee Chairman Jason Smith (R-Mo.) announced a commonsense, bipartisan, bicameral tax framework that promotes the financial security of working families, boosts growth and American competitiveness, and strengthens communities and Main Street businesses

Subjects
United States. Senate. Committee on Finance -- Officials and employees, Child tax credit -- Laws, regulations and rules, Government regulation, Consumer news and advice, Education, Family and marriage, Health
Abstract

Senate Finance Committee Chairman Wyden said: 'Fifteen million kids from low-income families will be better off as a result of this plan, and given today's political climate, it's a big [...]

Published
2024

299. TAX CREDITS APLENTY: 'Lessons from the [Earned Income Tax Credit] show that the 2021 [Child Tax Credit] expansion has the potential to improve both child and parent health as well as educational outcomes for children.'

Author

Wedenoja, Leigh

Subjects
Child tax credit -- Laws, regulations and rules, Tax law -- Evaluation, Tax administration and procedure -- Laws, regulations and rules, Children -- Health aspects, Income tax -- Laws, regulations and rules, Government regulation, Tax law, Market trend/market analysis, General interest, News, opinion and commentary, American Rescue Plan Act of 2021
Abstract

IN EARLY JUNE, many families received a letter from the IRS staring that they are eligible to receive advanced payments of the Child Tax Credit (CTC) as part of the [...]

Published
2021

300. Protection against dodgy deals and missing goods could be facing the axe; Plans in the pipeline to overhaul Consumer Credit Act, including the clause often called upon to save the day when things go wrong

Subjects
Consumer protection -- Political aspects -- Planning -- Laws, regulations and rules, Consumer credit -- Laws, regulations and rules -- Political aspects -- Planning, Credit cards -- Laws, regulations and rules -- Planning -- Political aspects, Government regulation, Company business planning, General interest, News, opinion and commentary
Abstract

Byline: By, Catherine Furze Shoppers could lose vital protection when credit card purchases go wrong under Government plans to overhaul consumer law. The Government is planning on scrapping the current [...]

Published
2023

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